Infrared Thermography Market for Building Inspection by Product (Cameras, Scopes, Modules), Solution (Handheld Thermal Camera, Fixed Mount Camera, Unmanned Infrared System), Platform (IR lens, Uncooled IR detector), Building Type - Global Forecast to 2028
[224 Pages Report] The infrared thermography market for building inspection is estimated to be worth USD 445 million in 2023 and is projected to reach USD 606 million by 2028, at a CAGR of 6.4% during the forecast period. Growing demand for smart buildings is one of the major opportunities that lies ahead for market growth.
Infrared Thermography Market Forecast to 2028
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Infrared Thermography Market for Building Inspection Dynamics
Driver: Increasing emphasis on energy efficiency and sustainability
Infrared thermography enables precise identification of areas requiring repairs or retrofitting to improve energy efficiency. This targeted approach helps allocate resources more effectively and avoid unnecessary interventions, resulting in optimized energy consumption and reduced operational costs. Efforts to enhance energy efficiency through infrared thermography inspections lead to significant cost savings in the long run. By addressing energy-related issues promptly, building owners can cut down on energy bills and operational expenses.
Restraint: Initial investment and training costs
Adopting infrared thermography for building inspection necessitates an upfront investment in thermal imaging equipment, which includes high-quality infrared cameras and associated hardware and software. These initial costs can be significant, especially for small businesses or organizations with limited budgets. Maintaining thermal imaging equipment, ensuring its accuracy, and calibrating it periodically adds to the overall costs. Regular maintenance is crucial to preserving the quality of thermal images and ensuring reliable results during inspections.
Opportunity: Growing demand for smart buildings
Smart and green buildings prioritize energy efficiency and sustainable practices. Infrared thermography is a valuable tool for assessing the thermal performance of building envelopes, insulation systems, and HVAC systems. Integrating infrared thermography with building automation systems enhances overall building management. By regularly monitoring thermal conditions, smart buildings can trigger automated responses to rectify temperature anomalies or potential energy wastage, optimizing energy consumption and reducing operational costs.
Challenge: Data analysis and reporting complexity
Data analysis and reporting in infrared thermography for building inspection can be complex due to the nature of the data collected and the need to accurately interpret and communicate. Infrared inspections generate a significant number of thermal images, especially for larger buildings or complex structures. Managing and analyzing these large data sets can be challenging, requiring efficient data storage, organization, and retrieval systems. Interpreting thermal images requires a deep understanding of building materials, construction techniques, and heat transfer principles. Thermographers must be able to distinguish between normal temperature variations and anomalies that could indicate defects or issues.
Infrarred Thermography Market for Building Inspection: Ecosystem
The infrared thermography Industry for building inspection is marked by the presence of a few tier-1 companies, such as Teledyne FLIR LLC (US), Fluke Corporation (US), and Axis Communications AB (Sweden), and many more. These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable thermal imaging offerings.
The market for thermal modules to hold second largest market share during the forecast period
The growth of thermal modules for thermal imaging has surged due to technological advancements, reduced costs, and diversified applications. These modules have become smaller, with higher resolution and better image quality, finding use in industries from defense to consumer electronics. Integration with IoT and connectivity has expanded real-time monitoring capabilities. Regulatory standards and increasing market competition have further fueled innovation and accessibility.
Unmanned segment by Solution type to hold highest CAGR during the forecast period
These cameras have become more sophisticated, offering higher resolution and improved image processing. They find applications in various sectors, including surveillance, industrial inspections, agriculture, and search and rescue. As automation and AI integration increase, unmanned thermal imaging cameras are poised to play a pivotal role in enhancing efficiency, safety, and data-driven decision-making.
Fire/Flare Detection application to hold second highest market share during the forecast period
Fire and flare detection using thermal imaging has gained significant importance due to its effectiveness in early detection and prevention. Thermal imaging technology detects heat signatures, making it ideal for identifying fires and flares, especially in challenging environments. These systems are crucial for industrial facilities, oil refineries, and hazardous areas.
Asia Pacific held to register highest CAGR in the infrared thermography market for building inspection during forecast period
The Asia Pacific region has witnessed significant growth in thermal imaging, driven by robust infrastructure development. This technology plays a crucial role in construction quality control, power infrastructure maintenance, industrial predictive maintenance, and enhancing security across sectors. The technology continues to advance, and its applications are expanding to new areas, promoting safety, efficiency, and innovation in the region.
Infrared Thermography Market by Region
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Top Infrared Thermography Companies - Key Market Players:
The overall Infrared Thermography companies is dominated by The key players in include Teledyne FLIR LLC (US), JENOPTIK AG (Germany), SKF (Sweden), Fluke Corporation (US), Raytheon Technologies Corporation (US), Axis Communications AB (Sweden), Inc, Xenics nv (Belgium), Zhejiang Dali Technology Co.,Ltd. (China), OPGAL Optronics Industries Ltd (Israel), InfraTec GmbH (Germany), Seek Thermal (US), Infrared Cameras Inc. (US) and Allied Vision Technologies GmbH (Germany). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.
Infrared Thermography Market Report Scope :
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Report Metric |
Details |
| Estimated Market Size | USD 445 million in 2023 |
| Projected Market Size | USD 606 million by 2028 |
| Growth Rate | At a CAGR of 6.4% |
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Market size available for years |
2019–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD Million) |
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Segments covered |
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Geographies covered |
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Companies covered |
The major players in the infrared thermography market for building inspection are Teledyne FLIR LLC (US), JENOPTIK AG (Germany), SKF (Sweden), Fluke Corporation (US), Raytheon Technologies Corporation (US), Axis Communications AB (Sweden), Inc, Xenics nv (Belgium), Zhejiang Dali Technology Co.,Ltd. (China), OPGAL Optronics Industries Ltd (Israel), InfraTec GmbH (Germany), Seek Thermal (US), Infrared Cameras Inc. (US) and Allied Vision Technologies GmbH (Germany). |
Infrared Thermography Market Highlights
The study segments the infrared thermography market for building inspection based on By Application, By Product Type, By Building Type, By Solution and By Region
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Segment |
Subsegment |
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By Product Type |
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By Solution Type |
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By Application |
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By Building Type |
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By Region |
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Recent Developments In Infrared Thermography Industry
- In February 2023, Xenics nv (Belgium) launched Lynx R and XSL R series and expanding its linear SWIR camera portfolio. Linear SWIR cameras are available for demanding applications such as food sorting, machine vision, spectroscopy, optical fibre monitoring, semiconductor inspection, LIDAR sensing and spectral-domain optical coherence tomography.
- In November 2022, Teledyne FLIR launched FLIR ONE Edge Pro, a wireless thermal-visible camera for mobile devices. Unlike previous models, the reimagined FLIR ONE Edge Pro need not be physically connected to its companion mobile device, providing maximum thermal inspection flexibility.
- In May 2021, Teledyne Technologies acquired FLIR Systems, a leading provider of thermal imaging solutions. The acquisition allowed Teledyne to enhance its portfolio by integrating advanced thermal imaging technology and expanding its capabilities in the defense, industrial, and commercial markets.
Frequently Asked Questions (FAQs)
What is the current size of the global infrared thermography market for building inspection?
The infarred thermography market for building inpection is estimated to be worth USD 445 million in 2023 and is projected to reach USD 606 million by 2028, growing at a CAGR of 6.4% during the forecast period.
Who are the winners in the global infrared thermography market for building inspection?
Teledyne FLIR LLC (US), Axis Communications AB (Sweden), Fluke Corporation (US) are some of the global winners in infarred imaging market.
Which region is expected to hold the highest market share in infrared thermography market for building inspection?
North America is expected to dominate the infrared thermography market for building inspection during forecast period as region is home to many top market players such as Teledyne FLIR LLC (US), Fluke Corporation (US), IRCameras LLC (US) and OPGAL Optronics Industries Ltd. (US).
What are the major opportunities related to infrared thermography market for building inspection?
Growing demand for smart buildings and integration of thermal imaging with building information modelling are some of the major opportunities in the infrared thermography market for building inpection.
What are the major strategies adopted by market players?
The key players have adopted product launches, acquisitions, and partnerships to strengthen their position in the global infrared thermography market for building inspection.
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The research study involved 4 major activities in estimating the size of the infrared thermography market for building inspection. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, and investor presentations of companies, white papers, and articles from recognized authors. Secondary research was mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, and regional outlook and developments from both market and technology perspectives.
Primary Research
In the primary research, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative insights required for this report. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, equipment manufacturers, technology and innovation directors, end users, and related executives from multiple key companies and organizations operating in the infrared thermography market ecosystem.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were used along with several data triangulation methods to estimate and forecast the overall market segments and subsegments listed in this report.
Estimating market size by bottom-up approach (demand side)
The bottom-up approach has been used to arrive at the overall size of the infrared thermography market from the revenues of key players and their shares in the market. Key players have been identified on the basis of several parameters, such as product portfolio analysis, revenue, R&D expenditure, geographic presence, and recent activities. The overall market size has been calculated based on the revenues of the key players identified in the market.
Market Size Estimation Methodology-Bottom-up Approach
Data Triangulation
After arriving at the overall market size through the process explained earlier, the total market has been split into several segments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both the top-down and bottom-up approaches.
Market Definition
Infrared thermography is a method to study thermal images created by infrared cameras for detection of various properties and features in buildings such as heat loss, electrical faults, HVAC performance, insulation, and moisture detection among many others. Thermographic Inspection is a non-destructive testing method for objects by studying the thermal patterns emanating out of an objects surface. Infrared thermography is a non-contact, non- destructive, and non-intrusive method of mapping of thermograms on the surface of objects through detecting incident infrared radiation with the help of an infrared detector. The infrared energy emitted from object converts it to temperature and displays image of temperature distribution. Infrared thermography has various applications ranging from conditional monitoring in industries to night vision and intrusion detection for security and safety. In building inspection, infrared thermography has been widely used to study the heat patterns of the building to detect various defects related with structure, electrical & HVAC systems, materials, moisture, insulation and also to measure the heat and energy consumption patterns of the building.
Stakeholders
- Thermal imaging product manufacturers
- Thermal imaging product traders/suppliers
- Raw material suppliers and distributors
- Research organizations and consulting companies
- Associations, organizations, forums, and alliances related to infrared technology
- Government bodies such as regulatory authorities and policy-makers
- Venture capitalists, private equity firms, and start-up companies
- Companies in the thermal imaging market
- Electronics and semiconductor companies
- Technical standards organizations
- Investment communities in the market
- Research institutes and organizations
- Government and financial institutions
- Venture capitalists
- Private equity firms
- Analysts and strategic business planners
The main objectives of this study are as follows:
- To identify and segment the infrared thermography market in building inspection based on infrared detector type, application, spectral range, building type, platform, and geography.
- To analyze the composition of market by identifying subsegments of the infrared thermography market in building inspection.
- To estimate the size of infrared thermography market in building inspection and its subsegments on the basis of major geographies, namely, North America, Asia-Pacific, Europe, and Rest of the World.
- To derive key market trends driving or holding back the growth of the building thermography market and its subsegments.
- To study Porter’s five forces in detail along with value chain analysis of the building thermography market.
- To provide the details of each submarket per the applications growth trends and their contribution to the global building thermography market.
- To analyze opportunities in market for stakeholders, by identifying high-growth segments.
- To identify and profile key players in the market and a detailed analysis of their contribution to the overall market size and core competencies1 in each segment.
- To track and analyze important competitive developments such as mergers & acquisitions, partnerships, joint ventures, and many others in the building thermography market.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
- Analysis for additional countries (up to five)
Company Information:
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Infrared Thermography Market
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