Infrared Imaging Market 2023 | Trends, Share, Growth And Analysis 2028

IMARC Group, a leading market research company, has released a report titled “Infrared Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global infrared imaging market size reached US$ 6.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

Infrared (IR) imaging, also known as thermography, is a technology used to capture and convert invisible IR radiation into visible images. It requires specialized devices capable of detecting the IR radiation emitted by warm objects and converting the signals into images. In addition to producing clear thermal images in low-light environments, this technique can measure temperature differences in small and moving objects. Owing to these benefits, infrared imaging is widely applied in industries such as aerospace, electronics, automotive, military and defense, and oil and gas sectors.

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Infrared Imaging Market Trends and Drivers:

The market is primarily driven by the increasing prevalence of chronic diseases such as gastrointestinal, cancer, neurovascular, and cardiovascular disorders (CVDs). In addition, the escalating demand for technologically advanced fluorescence imaging systems and the increasing product use in military applications for surveillance and high-resolution vision in dark environments are contributing to the market growth. Moreover, the widespread adoption of infrared imaging in the healthcare sector as a non-invasive method for monitoring body temperature and tracking disease patterns for diagnosing vascular, urological, and neurological disorders such as Alzheimer’s represents another major growth-inducing factor. Besides this, the rising demand for IR imaging solutions in automobiles due to the emergence of advanced driver-assistance systems (ADAS) and autonomous vehicle (AV) platforms is augmenting the market growth. Furthermore, the extensive research and development (R&D) activities and the development of high-speed cameras with advanced features for evaluating heat severity and the production of lightweight, more receptive, and convenient industrial IR imaging devices are creating a positive market outlook.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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