Infrared Camera Market Size, Share, Trends, Growth and Forecast 2032

Infrared Camera Market Insights

According to Zion Market Research, the global Infrared Camera Market was worth USD 8.97 Billion in 2023. The market is forecast to reach USD 18.61 Billion by 2032, growing at a compound annual growth rate (CAGR) of 7.6% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Infrared Camera industry over the next decade.

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The research study provides a decisive view of the global infrared camera market based on product, technology, wavelength, application, and region. All the segments of the market have been analyzed based on past, present, and future trends. The market is estimated from 2024 to 2032.

Infrared Camera Market Analysis By Technology

Uncooled infrared cameras had gained widespread popularity due to their versatility, affordability, and applicability across a wide range of industries. Their use in commercial and consumer applications like home inspections, firefighting, automotive, and smartphones contributed to their prominence in the market.

Within the broader infrared camera market, one of the fastest-growing segments was thermography and temperature measurement. This growth was driven by increasing adoption in industries such as manufacturing, energy, and building diagnostics. These cameras were used for predictive maintenance, quality control, and identifying energy inefficiencies.

Infrared Camera Market Analysis By End-User

The industrial sector was one of the largest segments for infrared cameras. The use of infrared cameras for predictive maintenance and quality control in manufacturing contributed to this segment's size.

The automotive sector, particularly in the development of advanced driver assistance systems (ADAS), was experiencing significant growth. Infrared cameras were being integrated into vehicles for enhanced safety features.

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Introduction

The SWIR category under the wavelength segment witnesses remarkable growth in the coming years owing to the extensive utilization of IR-based technology in the industrial vertical. SWIR cameras have a wide array of applications in spectroscopy, semiconductor analysis, surveillance, scientific research, moisture detection, and high-temperature thermography, among others. SWIR camera manufacturers are continuously investing in and incorporating novel technologies to develop reasonably priced cameras.

The Asia Pacific infrared camera market is projected to escalate furiously in the coming years owing to the constant product development efforts and rising demand for the product by the regional developing economies such as India, Japan, and China.

Global Infrared Camera Market Segmentation

The global infrared camera market is segmented based on product, technology, wavelength, application, and region. By product, the global market is bifurcated into a handheld, fixed, and pan-tilt-zoom (PTZ). Based on technology, the market is categorized into cooled and uncooled. Wavelength-wise, the global market is divided into long-wave infrared (LWIR), mid-wave infrared (MWIR), short-wave infrared (SWIR), and near-infrared (NIR). By application, the infrared camera industry is classified into commercial, industrial, automotive, healthcare, BFSI, residential, government & defense, and others. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

Infrared Camera Market: Report Scope

Competitive Landscape

Some of the essential players flourishing the global infrared camera market, but not restricted to include -

• SiOnyx LLC
• Panasonic Corporation
• OMEGA Engineering
• Infrared Cameras Inc.
• Xenics Hangzhou Hikvision Digital Technology Co. Ltd.
• FLIR Systems
• OPGAL OPTRONIC INDUSTRIES LTD.
• Testo AG
• InfraTec GmbH
• Raytheon Company
• Axis Communications AB
• Fujifilm Holdings Corporation
• Leonardo DRS
• Seek Therma
• Honeywell International Inc.
• DIAS Infrared GmbH
• Optris GmbH
• Fluke Corporation
• Hanwha Techwin Co. Ltd.

The global infrared camera market is segmented as:

Global Infrared camera Market: Product Segmentation Analysis

• Handheld
• Fixed
• Pan-Tilt-Zoom (PTZ)

Global Infrared camera Market: Technology Segmentation Analysis

• Cooled
• Uncooled

Global Infrared camera Market: Wavelength Segmentation Analysis

• Long-Wave Infrared (LWIR)
• Mid-Wave Infrared (MWIR)
• Short-Wave Infrared (SWIR)
• Near-Infrared (NIR)

Global Infrared camera Market: Application Segmentation Analysis

• Commercial
• Industrial
• Automotive
• Healthcare
• BFSI
• Residential
• Government & Defense
• Others

Global Infrared camera Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa