Global Infrared Thermography Market Overview:
The process of using the invisible infrared energy of the objects by the end-devices and creating a visual image of them is called Infrared thermography. Infrared thermography market growth is mainly driven by the factors of high adoption of thermal cameras in commercial, residential, industrial and public sectors for various applications including defect detection, monitoring metal matrix composites, leakage detection, cracks identification, monitoring and others. Apart from this, growing demand for surveillance, building diagnostics and condition monitoring, is a major reason behind the growth of infrared thermography technology market size, as this technology converts infrared radiation into visible images. Moreover, the growing usage of infrared thermography, aerial thermography, clinical imaging and others, across various sectors including construction, automotive, healthcare, aerospace, military & defense, and others boost the adoption rate of this technology.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rapid Growth in Construction industry with fuel
Market Growth Drivers:
Increasing demand for energy efficiency and sustainability and Increasing demand for non-destructive testing
Challenges:
Lack of Awareness and Understanding of Infrared Thermography
Restraints:
High Cost of Infrared Cameras
Opportunities:
Technological advancements in infrared thermography and Development in imaging technique
Competitive Landscape:
The global infrared thermography market is highly competitive with market growth fuelled by technological advances. Many of the firms in this market are selling products based on USP like emissivity adjustable range, thermal sensitivity, accuracy, and so on. To develop capabilities in a product, companies have to focus on the implementation of IR detectors, IR camera lenses, and calibration systems. Some firms are also developing in-house capabilities so that they become less dependent on vendors and gain a competitive edge over their peers.
Some of the key players profiled in the report are Fluke Corporation (United States), FLIR Systems (United States), Nippon Avionics (Japan), Testo SE & Co. KGaA (Germany), Hexagon AB (Sweden), Faro Technologies (United States), Sirona Dental Systems (Germany), Shape Technologies Group, Inc. (United States), Nikon Metrology Inc. (United States) and Trimble Navigation (United States). Additionally, following companies can also be profiled that are part of our coverage like Topcon Corporation (Japan), Creaform (Canada), SKF AB (Sweden), Perceptron (United States) and GOM MBH (Germany). Analyst at AMA Research see Global Players to retain maximum share of Global Infrared Thermography market by 2030. Considering Market by Technology, the sub-segment i.e. Cooled will boost the Infrared Thermography market. Considering Market by End User, the sub-segment i.e. Automotive & Transportation will boost the Infrared Thermography market. Considering Market by Wavelength Range, the sub-segment i.e. Short-wave infrared (SWIR) will boost the Infrared Thermography market.
Latest Market Insights:
In Janaury 2024, Valeo and Teledyne FLIR will deliver the first Automotive Safety Integrity Level (ASIL) B thermal imaging technology for night vision ADAS. This system will complement Valeo’s large range of sensors and rely on Valeo’s ADAS software stack to support functions such as automatic emergency braking (AEB) at night for passenger and commercial vehicles as well as for autonomous cars. The collaboration brings together Valeo, the world’s leader in automotive camera technologies, with Teledyne FLIR, the world leader in thermal imaging technology, to create the next generation of multispectral sensor fusion systems for automotive safety.
In November 2023, Sierra-Olympia Technologies, a leading innovator in thermal imaging solutions, has released the next generation of Ventus Compact, the Ventus Compact MK2. This second generation mid-wave infrared camera is designed specifically for space-constrained integrations in airborne, handheld, and other low-SWaP applications.
Analyst View
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What Can be Explored with the Infrared Thermography Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Infrared Thermography Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Infrared Thermography
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Infrared Thermography market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Infrared Thermography market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturing Companies, Potential Investors, Research & Development and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.