Global Infrared Thermography Market Size to worth USD 717.0 Million by 2033: Forecast Analysis Report

Global Infrared Thermography Market Size to worth USD 717.0 Million by 2033

According to a research report published by Spherical Insights & Consulting, the Global Infrared Thermography Market Size is Expected to Grow from USD 422.0 Million in 2023 to USD 717.0 Million by 2033, at a CAGR of 5.44% 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 Infrared Thermography Market Size, Share, and COVID-19 Impact Analysis, By Thermal Component (Cameras, Scopes, and Modules), By Application (Energy Auditing, HVAC System Inspection, Electrical System Inspection, Insulation Inspection, Structural Analysis, Fire/Flare Detection, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

Infrared thermography is a technique in which a noncontact thermal device captures the infrared energy emitted by an object and creates an image called a thermograms. IRT is a versatile, non-invasive method for measuring an animal's surface temperature that is also quite easy to use. The majority of contemporary imaging systems are as easy to use as standard digital cameras, but they offer direct temperature information as well as, in some situations, approximations of relative blood flow variations. The integration of infrared thermography with building automation systems for overall building management is providing a lucrative market growth opportunity for infrared thermography. The increasing adoption of thermal imaging in the automotive industry as well as non-destructive testing methods are driving the market. Further, the increasing focus on energy efficiency and sustainability of buildings and the cost & time efficiency of infrared thermography are driving the market growth. On the contrary, the export restriction imposed on these products as well as the high initial investment & training cost associated with infrared thermography is restraining the market growth.

The scopes segment is expected to dominate the global infrared thermography market during the forecast period.

Based on the thermal component, the global infrared thermography market is divided into cameras, scopes, and modules. Among these, the scopes segment is expected to dominate the global infrared thermography market during the forecast period. Thermal technology-enabled scopes have enhanced target detection capabilities, which makes them useful for a variety of tasks like hunting, security, and surveillance. Further, by identifying heat signatures in low-light or unfavorable environments, thermal imaging scopes improve situational awareness.

The fire/flare detection segment dominated the market with the largest revenue share in 2023.

Based on the application, the global infrared thermography market is divided into energy auditing, HVAC system inspection, electrical system inspection, insulation inspection, structural analysis, fire/flare detection, and others. Among these, the fire/flare detection segment dominated the market with the largest revenue share in 2023. In a variety of industrial environments, such as refineries and petrochemical plants, infrared thermography equipment can rapidly detect temperature anomalies and hotspots, which are frequently early warning signs of fires or flare-ups.

North America is projected to hold the largest share of the global infrared thermography market over the forecast period.

North America is projected to hold the largest share of the global infrared thermography market over the forecast period. The increasing use of the thermal camera in various industries such as aerospace & defense, automotive, healthcare and life sciences, oil & gas, and food & beverages in the region are driving the market. Further, the technological upgradation in thermal imaging systems is propelling the market growth.

Asia Pacific is predicted to grow at the fastest CAGR in the infrared thermography market over the forecast period. The rising spending by government and defense activities is significantly contributing to driving the infrared thermography market. The increasing application of advanced technologies and the emergence of innovative solutions for operational efficiency are driving market growth in the region.

Competitive Analysis

Major key players in the infrared thermography market include Fluke Corporation, Infrared Cameras Inc., JENOPTIk AG, Axis Communications AB, Xenics NV, InfraTec GmbH, Micro-Epsilon Messtechnik GmbH & Co. KG, Optris GmbH, Raytheon Technologies Corporation, Teledyne FLIR LLC, Zhejiang Dali Technology Co., Ltd., Allied Vision Technologies GmbH, and Others.

Key Target Audience

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

Recent Development

• In June 2024, Lynred, a leading global provider of high-quality infrared sensors for the aerospace, defense and commercial markets, announced the launch of ATI640, its plug-and-play, longwave infrared (LWIR) thermal imaging module with VGA resolution, for new market players seeking easier access to infrared (IR) technologies.

• In May 2023, Xenics launched Lynx R and XSL R series and thereby expanded its linear SWIR camera portfolio. Linear SWIR cameras are available for demanding applications such as machine vision, semiconductor inspection, food sorting, spectroscopy, optical fibre monitoring, LIDAR sensing and spectral-domain optical coherence tomography.

Market Segment

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

Global Infrared Thermography Market, By Thermal Component

• Cameras
• Scopes
• Modules

Global Infrared Thermography Market, By Application

• Energy Auditing
• HVAC System Inspection
• Electrical System Inspection
• Insulation Inspection
• Structural Analysis
• Fire/Flare Detection
• Others

Global Infrared Thermography 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 Middle East & Africa