Infrared Camera Market: Global Emerging Opportunities,Trends and Forecast Analysis (2023-2029)

Global Infrared Camera market was valued at US$ 7.55 Bn. in 2022 and expected to grow at a CAGR of 7.98 % during the forecast period (2023-2029). Thanks to the growing trend of fixed segment use have boosted demand for Global Infrared Camera Market.

Infrared Camera Market Overview:

Infrared cameras are also known as thermal imager is non-contact temperature measuring device. All the objects can emit infrared energy and these cameras convert infrared data into electronic images to measure the surface temperature of an object. Three basic types of infrared cameras are short wavelength, mid wavelength, and long wavelength. Infrared cameras are simple, efficient, and effective during the day and night operations, provide high performance in all weather conditions and maintenance cost is low. The growing need of thermal imaging in medical, energy, building science, search, and rescue is creating a huge market for infrared cameras. As a result global infrared camera market is expected to reach US$ 1172.1 Bn. by 2029.Infrared Camera marketTo know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2018 to forecast the market through 2029. 2022 is considered a base year however 2022’s numbers are on the real output of the companies in the market. Special attention is given to 2022 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Infrared Camera Market Dynamics:

The growing need for thermal imaging in the healthcare sector and industrial inspection are creating demand for infrared cameras. Medical thermal cameras are used to detect the temperature of the skin and imaging body parts with high precision. This medical thermography technology made the doctors easily find internal infections, injuries, and inflammations. Increasing demand for surface inspection in manufacturing sectors like welding, pressure vessel monitoring, glassware manufacturing, and plastic injection moulding are adding an advantage to the market because the use of these cameras with different wavelengths helps to detect water content and chemical components. Public safety is a major role of the all government due to increased terror attacks and surging crime rates. According to FBI statistics, the crime rate in the USA was increased by 30% as compared to the last 6 decades, especially in small towns. These infrared cameras are capable to capture images even in dark hours so that helps in finding and tracing suspects, identification of persons and vehicles, and searching for crime victims. The integration of infrared cameras with autonomous vehicles and its increasing use in oil and gas industries are boosting the global market. The presence of these cameras in vehicles increases road safety because they are highly capable of identifying objects like animals and pedestrians etc. oil and gas industries increasingly using infrared cameras for the detection of hydrocarbon leakages. This quick detection prevents major damages to the environment due to hazardous gas leakage and provides safety to the workers. In December 2021, “COLORADO AIR QUALITY CONTROL COMMISSION” imposed new rules for the use of special cameras for the detection of leakages in well sites. And in USA ENVIRONMENT PROTECTION AGENCY imposing new regulations to minimize methane emission from oil and gas sectors. In December 2021, “Godrej Security Solutions” (GSS) launched ‘SeeThru Color NV+’ a color night vision camera for security solutions. “Dahua Technology” launched a deep learning algorithm camera called “Dahua WizMind”. Which involves various intelligent functions like face detection, face attributes, people counting, and ePoE technology. In September 2021, “IRay Technology Co., Ltd” launched M200A and P200 handheld thermal cameras with CMOS thermal technology used for building inspection, property maintenance, and equipment maintenance. These are some recent technological developments boosting the global infrared camera market positively. Some of the factors slowing the market growth are its high sticker prices due to more advanced technology, they are unable to capture images through materials like water or glass, lack of investment in technologies, difficulty in specifying objects due to high temperature, and export ban imposed by several countries are become roadblocks for development of global infrared camera market.

Market Segmentation:

Based on Product, The Infrared Camera market is sub-segmented into Fixed, Handheld, and Pan-Tilt-Zoom. The fixed segment dominates the global market and it held a share of 48 % in 2022. Increasing use of fixed cameras in the manufacturing and security sectors driving the market growth. The fixed segment provides very high precision which enables improvement in product quality and production efficiency in the industries. Fixed cameras segments are playing a major role in personnel safety because they provide alert systems during fires, catastrophic failure, and related hazards in industries. Its increased application in airport security, traffic management, and the military for identifying objects during nighttime is creating a huge demand for the fixed segment in the infrared camera market. Infrared Camera marketBased on Technology, the Infrared Camera market is sub-segmented into Cooled and Uncooled. The uncooled segment dominates the global market and was valued at US$ 3.9 Bn in 2020. This uncooled segment works without the use of cryogenic cooling and is less expensive. The presence of high sensitivity and contrast levels and increased use in humid climates are adding an advantage to the global market. Due to its compact size, the uncooled segment is widely used in military and surveillance applications. The uncooled segments require low annual servicing cost and provide fast thermal and video focus, it also consists of thermal camera video stabilization and tracking option. These are the benefits of attracting the uncooled segment in the global market. The factors slowing the cooling segment growth are its low thermal sensitivity i.e. 20mK, presence of cheaper camera lenses, and low focal length. Based on Application, the global Infrared Camera market is sub-segmented into Commercial, Government & Defense, Healthcare, and Industrial. The Government & Defense segment dominates the market and it held a share of 40% in 2020. These infrared cameras are extensively used in border security and coastline surveillance for securing the nation. The use of high technology enables to detection of all kinds of objects which are not visible to naked eyes in extreme weather conditions like fog and dust. In December 2021, “Defence Science and Technology Group (DSTG) and DEWC Services” collaborated for the development of infrared cameras. This development can detect and track aircraft through their emission by the use of ground-based dual-band imager.

Regional insights:

In 2020, Asia-Pacific held the maximum share in the global Infrared Camera market. Increasing production of smart electronics, increasing terror attacks and government spending on defense equipment are driving the infrared camera market in this region. The presence of a large population and effective tracking and managing of transportation systems are adding an advantage to the global market. In October 2021, the “Mumbai division of Western Railways” installed 2729 CCTV cameras with face recognition technology to curb unwanted incidents on stations. And in September 2021, Indian railways adopted AI-based intruder alarm with IR-based CCTV cameras in the western railway zone. This technology helps the Railway Protection Force to combat and control various issues in sub-urban stations. Development of “MobirAir” smartphone thermal camera and in India, Nirmai’s Thermalytix platform for the development of affordable thermal imaging technology for early detection of breast cancer, etc. These are the recent developments adding an advantage to the infrared camera market in this region. North America is the second dominating region in the global Infrared Camera market. Increasing production of autonomous vehicles, technological developments in cameras, and increasing military spending are driving the market positively. It is estimated that US Military spending was stood at US$ 934 Bn between the periods of October 2020 to September 2021. In July 2021, “LightPath Technologies” and “RP Optical Lab” joined in the development of lightweight broadband cameras for space applications. And recently PSA a global major in system integration added “Infrared Cameras Inc” to its network for developing thermal imaging cameras for catching safe, accurate, and immediately elevated body temperature. These are some recent developments adding advantages to the global infrared market growth. The objective of the report is to present a comprehensive analysis of the Global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Infrared Camera market dynamics, structure by analyzing the market segments and projecting the Infrared Camera market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Infrared Camera make the report investor’s guide.

Infrared Camera Market Scope: Inquiry Before Buying

Infrared Camera Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $  7.55Bn.
Forecast Period 2022 to 2029 CAGR: 7.98 % Market Size in 2029: US $ 12.93 Bn.
Segments Covered: by Product Fixed Handheld Pan-Tilt-Zooms
by Technology Cooled Uncooled
by Application Commercial Government & Defense Healthcare Industrial

Infrared Camera Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest) South America (Brazil, Argetina and Rest of South America)

Infrared Camera Market Key Players

1. Bosch Sicherheits systeme GmbH 2. Sofradir Group 3. L3 Technologies, Inc. 4. Leonardo DRS 5. Axis Communications AB 6. Zhejiang Dali Technology Co. Ltd. 7. General Dynamics Mission Systems, Inc. 8. FLIR Systems, Inc. 9. SATIR Trade UK Co. 10. FLIR Systems 11. Fluke 12. Sofradir Group 13. Sensors Unlimited 14. Axis Communications 15. Xenics 16. New Imaging Technologies 17. Allied Vision Technologies 18. Lynred Frequently Asked Questions: 1. Which region has the largest share in Infrared Camera Market? Ans: Asia-Pacific held the largest share in 2022. 2. What is the growth rate of the Infrared Camera Market? Ans: The Infrared Camera Market is growing at a CAGR of 7.98 % during the forecasting period 2023-2029. 3. What segments are covered in Infrared Camera Market? Ans: Infrared Camera Market is segmented into product, technology, and application. 4. Who are the key players in Infrared Camera Market? Ans: Bosch Sicherheits systeme GmbH, Sofradir Group, L3 Technologies, Inc., Leonardo DRS, Axis Communications AB, Zhejiang Dali Technology Co. Ltd., General Dynamics Mission Systems, Inc., FLIR Systems, Inc., SATIR Trade UK Co., FLIR Systems, Fluke, Sofradir Group, Sensors Unlimited, Axis Communications, Xenics, New Imaging Technologies, Allied Vision Technologies, Lynred 5. What is the study period of this market? Ans: The Infrared Camera Market is studied from 2022 to 2029.
1. Global Infrared Camera Market: Research Methodology 2. Global Infrared Camera Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Infrared Camera Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Infrared Camera Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Infrared Camera Market Segmentation 4.1 Global Infrared Camera Market, by Product (2022-2029) • Fixed • Handheld • Pan-Tilt-Zooms 4.2 Global Infrared Camera Market, by Technology (2022-2029) • Cooled • Uncooled 4.3 Global Infrared Camera Market, by Application (2022-2029) • Commercial • Government & Defense • Healthcare • Industrial 5. North America Infrared Camera Market (2022-2029) 5.1 Global Infrared Camera Market, by Product (2022-2029) • Fixed • Handheld • Pan-Tilt-Zooms 5.2 Global Infrared Camera Market, by Technology (2022-2029) • Cooled • Uncooled 5.3 Global Infrared Camera Market, by Application (2022-2029) • Commercial • Government & Defense • Healthcare • Industrial 5.4 North America Infrared Camera Market, by Country (2022-2029) • United States • Canada • Mexico 6. Asia Pacific Infrared Camera Market (2022-2029) 6.1. Asia Pacific Infrared Camera Market, by Product (2022-2029) 6.2. Asia Pacific Infrared Camera Market, by Technology (2022-2029) 6.3. Asia Pacific Infrared Camera Market, by Application (2022-2029) 6.4. Asia Pacific Infrared Camera Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Infrared Camera Market (2022-2029) 7.1 Middle East and Africa Infrared Camera Market, by Product (2022-2029) 7.2. Middle East and Africa Infrared Camera Market, by Technology (2022-2029) 7.3. Middle East and Africa Infrared Camera Market, by Application (2022-2029) 7.4. Middle East and Africa Infrared Camera Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Infrared Camera Market (2022-2029) 8.1. Latin America Infrared Camera Market, by Product (2022-2029) 8.2. Latin America Infrared Camera Market, by Technology (2022-2029) 8.3. Latin America Infrared Camera Market, by Application (2022-2029) 8.4. Latin America Infrared Camera Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 9. European Infrared Camera Market (2022-2029) 9.1. European Infrared Camera Market, by Product (2022-2029) 9.2. European Infrared Camera Market, by Technology (2022-2029) 9.3. European Infrared Camera Market, by Application (2022-2029) 9.4. European Infrared Camera Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Bosch Sicherheits systeme GmbH 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Sofradir Group 10.3 L3 Technologies, Inc. 10.4 Leonardo DRS 10.5 Axis Communications AB 10.6 Zhejiang Dali Technology Co. Ltd. 10.7 General Dynamics Mission Systems, Inc. 10.8 FLIR Systems, Inc. 10.9 SATIR Trade UK Co. 10.10 FLIR Systems 10.11 Fluke 10.12 Sofradir Group 10.13 Sensors Unlimited 10.14 Axis Communications 10.15 Xenics 10.16 New Imaging Technologies 10.17 Allied Vision Technologies 10.18 Lynred
  • INQUIRE BEFORE BUYING