Global Cooled IR Camera Market Size to worth USD 721.4 Million by 2033: Forecast Analysis Report

Global Cooled IR Camera Market Size to worth USD 721.4 Million by 2033

According to a research report published by Spherical Insights & Consulting, the Global Cooled IR Camera Market Size is Expected to Grow from USD 328.2 Million in 2023 to USD 721.4 Million by 2033, at a CAGR of 8.19% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Cooled IR Camera Market Size, Share, and COVID-19 Impact Analysis, By Technology (Indium Antimonide (InSb), Indium Gallium Arsenide (InGaAs), Mercury Cadmium Telluride (MCT), and Others), By End use (Defense & Military, Industrial, Commercial Surveillance, Automotive, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

Cooled IR camera refers to the thermal imaging sensor that uses a cryocooler to lower the sensor temperature to cryogenic levels. The high product usage in homeland security, perimeter surveillance, defense, and enforcement fields owing to its enhanced features like superior aiming capabilities, excellent performance, and increased dependability on these devices are favouring the market growth for cooled IR camera. The emergence of infrared imaging applications across the automotive sector leads to the innovation and transformation of the driving experience, thereby offering lucrative market growth opportunities for cooled IR camera. The growing application of infrared cameras for quality control and inspection drives the market demand for cooled IR camera. Further, the widespread adoption of the devices in security and surveillance along with the introduction of new technologies and strategies for ensuring public safety and security are driving the cooled IR camera market. On the contrary, the limitations associated with the image resolution and sensitivity of infrared cameras challenge the cooled IR camera market.

The indium antimonide (InSb) segment is dominating the market with the largest market share during the forecast period.

Based on the technology, the global cooled IR camera market is divided into indium antimonide (InSb), indium gallium arsenide (InGaAs), mercury cadmium telluride (MCT), and others. Among these, the indium antimonide (InSb) segment is dominating the market with the largest market share during the forecast period. The use of infrared cameras, which offer broadband spectra, is being facilitated by several developments in the manufacturing of InSb focal planes. The use of indium antimonide (InSb) in medium to long range surveillance and research requirements is driving the market in the indium antimonide (InSb) segment.  

The defense & military segment is expected to dominate the cooled IR camera market during the forecast period.

Based on the end use, the global cooled IR camera market is divided into defense & military, industrial, commercial surveillance, automotive, and others. Among these, the defense & military segment is expected to dominate the cooled IR camera market during the forecast period. IR cameras are used for a wide range of military applications including ISR (intelligence, surveillance, and reconnaissance), navigation and operating vehicles at night, and seeing through smoke, fog, and dust. The integration of cooled IR cameras in larger defense systems including UAVs, armored vehicles, and command & control systems is driving the market growth.

Asia Pacific is projected to hold the largest share of the global cooled IR camera market over the forecast period.

Asia Pacific is projected to hold the largest share of the global cooled IR camera market over the forecast period. The increasing investment in defense and security infrastructure including border surveillance and security operations is responsible for driving the cooled IR camera market. Further, the e-commerce and manufacturing sector in the region relies on efficient and skilled drivers contributing to propelling the market. 

North America is predicted to grow at the fastest CAGR in the cooled IR camera market over the forecast period. The rising terrorism and extremism lead to the surging demand for advanced security technologies which is propelling the market demand for cooled IR camera. Further, the critical support provided for detecting and monitoring extremist activities is supporting the market growth.

Competitive Analysis

Major key players in the cooled IR camera market include AIM Infrarot-Module GmbH, Boston Electronics Corporation, Hamamatsu Photonics K.K., InfraTec GmbH, IRCameras LLC, L3Harris Technologies Inc., Leonardo DRS (Leonardo S.p.A.), Lynred USA, TBT Systems, Teledyne FLIR LLC (Teledyne Technologies Incorporated), Xenics nv, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2024, AMETEK Land launched a retraction system for thermal imagers, safeguarding the instrument and preventing overheating or damage in the event of loss of power, purge flow loss, or cooling.  

• In June 2024, Teledyne FLIR has launched a new thermal camera, the A6301. The camera is equipped with a cooled MWIR sensor and has a 640 x 512 resolution and 30 Hz frame rate. The camera is specially designed for such applications as inline inspection of package heat sealing, process control and monitoring of adhesives, quality assurance during paper and plastics production, and remote monitoring of electrical or mechanical systems.

• In March 2024, SVS-Vistek introduced new variants of the FXO camera series featuring Sony's High-Resolution IMX992 and IMX993 InGaAs sensors. These cameras are equipped with a 10GigE or CoaXPress-12 interface, making them the fastest High-Resolution SWIR cameras available on the market.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global cooled IR camera market based on the below-mentioned segments:

Global Cooled IR Camera Market, By Technology

• Indium Antimonide (InSb)
• Indium Gallium Arsenide (InGaAs)
• Mercury Cadmium Telluride (MCT)
• Others

Global Cooled IR Camera Market, By End Use

• Defense & Military
• Industrial
• Commercial Surveillance
• Automotive
• Others

Global Cooled IR Camera Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa