The infrared imaging market is estimated to be worth USD 6.7 billion in 2023 and is projected to reach USD 9.6 billion by 2028, at a CAGR of 7.3% during the forecast period. Increased adoption of infrared imaging products in security & surveillance applications is a major factor driving the global growth of the infrared imaging market. Moreover, limitations associated with image resolution and sensitivity of infrared cameras are key restraints affecting the market growth.
The key players in infrared imaging market include Teledyne FLIR LLC (US), Fluke Corporation (US), Raytheon Technologies Corporation (US), Leonardo DRS (US), Axis Communications AB (Sweden), L3Harris Technologies (US), Inc, Xenics nv (Belgium), Zhejiang Dali Technology Co.,Ltd. (China), OPGAL Optronics Industries Ltd (Israel) and Allied Vision Technologies GmbH (Germany). The market players have adopted various strategies such as the development of advanced products, partnerships, collaborations, agreements, joint ventures, and acquisitions to strengthen their position in the infrared imaging market. The organic and inorganic strategies have helped the market players expand globally by providing advanced solutions for infrared imaging.
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Teledyne FLIR LLC (US)
Teledyne FLIR LLC is a subsidiary of Teledyne Technologies Incorporated and specializes in designing, developing, manufacturing, and marketing thermal imaging and sensing systems. Formerly known as FLIR Systems, Inc., Teledyne FLIR is a global leader in infrared imaging technology. Teledyne FLIR offers a diverse range of products and solutions for various industries, including thermal cameras, thermal imaging modules, thermal cores, and sensors.
Fluke Corporation (US)
Fluke Corporation is a renowned manufacturer of infrared imaging cameras and thermal imaging solutions. Fluke Corporation specializes in designing, developing, and manufacturing thermal imaging cameras and solutions for professionals across industries. Their infrared imaging products include thermal imaging cameras, handheld thermal cameras, industrial imaging cameras, and infrared windows.
Raytheon Technologies Corporation (US)
Raytheon Technologies is a prominent industry leader specializing in infrared imaging, offering state-of-the-art solutions to diverse industries. Their core strength lies in designing, developing, and manufacturing advanced systems and components for infrared imaging. Focusing on innovation and maintaining high quality standards, Raytheon Technologies provides exceptional thermal imaging cameras, sensors, and modules that enable accurate infrared radiation detection. These cutting-edge technologies significantly enhance situational awareness, target identification, and surveillance capabilities. With applications spanning defense, aerospace, security, and industrial monitoring sectors, Raytheon Technologies’ infrared imaging solutions are vital in improving safety, operational efficiency, and effectiveness.
Infrared Imaging Market by Technology (Cooled & Uncooled Infrared Imaging), Wavelength (Near, Shortwave, Mid-wave, & Long-wave Infrared), Application (Security & Surveillance, Monitoring & Inspection, Detection), Vertical - Global Forecast to 2028
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