Infrared Cameras Market Growth and Analysis by 2031

The infrared cameras market size is projected to reach US$ 11.92 billion by 2031 from US$ 6.72 billion in 2023. The market is expected to register a CAGR of 7.4 % in 2023–2031. The increasing awareness of thermal imaging's benefits is likely to remain a key infrared camera market trend.

Infrared Cameras Market Analysis

The market for infrared cameras has grown significantly worldwide due to a variety of uses in sectors including healthcare, automotive, and security. By providing non-contact temperature measurement, night vision, and defect identification, infrared cameras improve operational effectiveness. Thanks to technological improvements, cameras with better image quality are now smaller and more reasonably priced. As more sectors come to understand the benefits of infrared imaging for energy efficiency, surveillance, and predictive maintenance, the market is set for future growth. However, there are still issues with regulation and competition that affect market dynamics. It is anticipated that ongoing innovation and growing industrial use will maintain the market's rising trend.

Infrared Cameras Market Overview

Infrared cameras are extensively employed in surveillance and security applications. Even in total darkness, they are still able to detect movement and take thermal pictures. They can, therefore, be used for keeping an eye on big spaces, spotting trespassers, and stopping theft and vandalism.

Furthermore, by integrating these cameras with cutting-edge video analytics, threat identification and overall security protocols can be strengthened. Smart IR technology is included with some security cameras. This method eliminates the issue of an object being too bright by adjusting the infrared LEDs' brightness based on the distance of the object from the camera. It solves the problem of infrared LEDs blotting out photos when objects are in close proximity to the camera.

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Infrared Cameras Market: Strategic Insights

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Infrared Cameras Market Drivers and Opportunities

Growing End-Use of Infrared Cameras in Surveillance and Security

Public safety is given top attention worldwide. Public safety groups are investing in a variety of cutting-edge technologies to ensure efficacy. In reaction to the increase in crime, antisocial behavior, and terrorist attacks, the government has put innovative technologies and security measures into place. It is now essential to create workable, safe, and affordable solutions as well as to enhance the system's ability to respond to catastrophic attacks.

In addition, a variety of infrared cameras are being used for perimeter surveillance, enforcement, homeland security, and defense monitoring. The market is growing because of improved features like great performance, enhanced imaging capabilities, and high reliability. To establish a comprehensive surveillance system, these cameras can also be connected with pan and tilt positioning devices.

Increasing Infrared Camera Use for SWIR

Long and medium ranges are the main applications for cooled infrared cameras. But as technology advances more, these infrared cameras are being used for closer-quarters applications. InGaAs focal plane arrays with low dark current and poor pixel counts are used in cooled infrared cameras. Infrared cameras are utilized for SWIR metrology measurements for short-range end applications. Furthermore, these infrared short-range cameras enable low noise levels at roughly 220 frames per second. Numerous firms are developing products for medium and long wavelengths as well as short ranges. For a variety of applications, infrared cameras for SWIR improve eyesight and encourage passive cooling. These short-range cameras are expected to be used for laser beam profiling, spectroscopy, hyperspectral imaging, and semiconductor inspection.

Infrared Cameras Market Report Segmentation Analysis

Key segments that contributed to the derivation of the infrared cameras market analysis are type, component, wavelength, and application.

• Based on the offering, the infrared cameras market is segmented into fixed and portable. The fixed segment held a larger market share in 2023.
• By component, the market is segmented into IR lenses, IR sensors, processors, and others.

By wavelength, the market is segmented into LWIR, MWIR, NIR, and SWIR.

By application, the market is segmented into consumer electronics, security and surveillance, aerospace and defense, and others. The security and surveillance segment held a larger market share in 2023.

Infrared Cameras Market Share Analysis by Geography

The geographic scope of the infrared cameras market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. In terms of revenue, APAC accounted for the largest infrared camera market share. Since the need for security and surveillance systems has grown, businesses across a range of industries have come to understand how important infrared cameras are for ensuring efficient detection. Because of the availability of sophisticated, upgraded technologies, the rise in demand for smart electronics, and the expansion of the industrial sector, this is the most lucrative market for infrared cameras.

Infrared Cameras Market Regional Insights

The regional trends and factors influencing the Infrared Cameras Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Infrared Cameras Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Infrared Cameras Market Report Scope

Infrared Cameras Market Players Density: Understanding Its Impact on Business Dynamics

The Infrared Cameras Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Infrared Cameras Market News and Recent Developments

The infrared cameras market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:

• In January 2024, Samsung Electronics introduced the Galaxy S24 Ultra, S24+, and S24, promising new mobile experiences with Galaxy AI. The Galaxy S series means to rethink client strengthening with AI. It offers highlights like intelligent text and call interpretations for consistent communication, upgraded creative freedom through the ProVisual Engine, and further developed search abilities for finding the world around them. (Source: Samsung Electronics, Press Release)
• In January 2024, Valeo and Teledyne FLIR, a division of Teledyne Technologies Incorporated, started a strategic partnership to introduce thermal imaging innovation in the automotive area, expecting to further develop road user safety. (Source: Valeo, Press Release)

Infrared Cameras Market Report Coverage and Deliverables

The “Infrared Cameras Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles