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Infrared Thermography Market

Market Study on Infrared Thermography: Advancements in Military Technology and Enlarged Budgets Globally to Skyrocket Sales of Infrared Thermography!

Infrared Thermography Market by Technology (Active IR Thermography, Passive IR Thermography)

Infrared Thermography Market Outlook (2022 to 2032)

A recently released Infrared Thermography Market analysis report reveals that global sales in the market in 2022 were held at US$ 57.6 million. With a 7.2 % projected CAGR from 2022 to 2032, the market is expected to hit a valuation of US$ 115 billion by the end of the forecast period (2022 to 2032).

Infrared thermography is colloquially also known as thermal imaging. This is a technology that allows users to map and observe objects on the basis of their infrared radiation signature. In other words, it has the ability to map heat generated by the target objects.

Infrared technology finds critical application across a variety of important sectors. These include, but are not limited to electronics, construction and medical,

It also finds important use in the field of agriculture. Combined with satellite imaging systems, infrared imaging technology can be used to monitor crop health, identify pest colonies and measure moisture levels.

The world is constantly on the lookout for improved and more sustainable agricultural practices. This is in anticipation of looming food shortages over the coming decades due to climate change and loss of topsoil.

Infrared thermography is a key component of such improved agricultural practices, which is expected to significantly add to demand in the global market. More widespread use for this technology can be found in electrical and building inspections.

Thermal imaging solutions allow for early detection of faults in electrical systems. Potential failures such as overload or short-circuits can be found within enough time to minimize damages. Its use for such predictive maintenance gives it an important position in the electrical industry. Other industries, however, also benefit from such maintenance practices.

For example, infrared thermography also finds extensive use in making buildings safe. It allows for identification of building defects such as structural ruptures and moisture penetration. This makes the technology critical for energy audits, building inspections and insulation checks.

Attributes Key Insights

Infrared Thermography Estimated Market Size (2022)

US$ 57.6 million

Projected Market Value (2032)

US$ 115 billion

Historic CAGR Value (2017 to 2021)

4.1%

United States of America Infrared Thermography Market CAGR (2022 to 2032)

6 %

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2017 to 2021 Infrared Thermography Sales Outlook Compared to Demand Forecast from 2022 to 2032

Persistence Market Research (PMR) reveals that historically, from 2017 to 2021, the value of the infrared thermography market increased by around 4.1 % CAGR. Presenting an absolute dollar opportunity of US$ 57.4 million during the forecast period, the market is projected to reach US$ 115 billion by 2032.

Infrared thermography’s critical application in the military is expected to remain a key factor boosting sales through 2032. It provides key services like surveillance, target detection, and identification of objects or people.

Camouflaged vehicles and soldiers are easily detected by this technology; targets that are often hard to distinguish through naked eye alone.

All objects above zero degree Celsius temperature emit a steady stream of thermal radiation. This is the key factor that allows for the functioning of technologies such as thermal imaging.

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Key Trends Propelling the Infrared Thermography Demand

  • The popularity of thermal imaging has been skyrocketing across several sectors like underwater pipelines, roads and bridges, electrical systems etc., which is pushing demand.
  • Innovations have seen crucial advancements in infrared thermography technology like high-resolution imaging and increased portability and sensitivity.
  • Medical sector has heavily benefitted from infrared thermography technology. It is being increasingly used in diagnostic services such as monitoring blood flow and observing other internal processes.
  • Rising application in defense sector is predicted to be the key factor pushing the sales of infrared thermography.
  • Infrared thermography is applied in night-vision goggles for infantry units to carry out missions in complete darkness or poorly-lit areas.
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What are the Key Factors Influencing the Demand for Infrared Thermography Technology?

Infrared thermography has numerous practical applications, which contribute to its popularity worldwide. This includes detecting heat leaks in buildings, identifying electrical hotspots in equipment and monitoring the temperature mechanical parts.

The technology even finds crucial use in the medical industry, helping with detection and diagnosis of conditions such as breast cancer or inflammation.

Infrared thermography has been widely utilized in the construction industry for several applications such as building inspections and concrete inspections. Early fault detection and maintenance can help increase energy efficiency and reduce heating and cooling costs.

These attributes have made infrared thermography an essential tool for construction professionals. It allows them to identify problems early and reduce the risk of costly repairs and downtime.

Infrared cameras can also be used for surveillance purposes. They provide for ways to monitor areas or movements that might otherwise go unnoticed.

Infrared thermography is also used to identify objects or people based on their heat signatures. This can be especially useful in situations where visual identification is difficult or impossible, such as in low-light or in smoky, or dusty environments.

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Which Region is Projected to Offer Significant Demand in the Infrared Thermography Market?

North America infrared thermography market reached size of US$ 23.2 million in 2021, and surpassed US$ 24.1 million in 2022. North America is further expected to have an infrared thermography market worth US$ 48 million by 2032.

The historical CAGR between 2017 and 2021 was reported to be 42%. The forecasted CAGR till 2032 for the market is expected to be 30%.

North America spends a significant amount of its GDP on military and, combined, has one of the predominant militaries in the world by numbers.

Infrared thermography plays an essential part in defense systems such as surveillance cameras and night vision equipment. Thus, demand for infrared thermography is projected to increase over the forecast period, with an increase in military spending.

Country-wise Analysis:

Will the United States of America be a Significant Hub Pushing Demand for Infrared Thermography Solutions?

The infrared thermography market in the United States of America is expected to hit US$ 37.7 million, with an absolute dollar growth opportunity of US$ 16.7 million by 2032-end.

The demand for infrared thermography in the United States of America has grown at a CAGR of 2.7% from 2017 to 2021. It is further expected to grow at a CAGR of 6.0% from 2022 to 2032.

Infrared thermography is frequently used in defense for surveillance and reconnaissance. Infrared cameras are especially designed to detect the heat signatures of people, vehicles, and other objects with high accuracy.

They are meant to function even when targets are concealed behind walls or within foliage. This can be especially useful for military operations, as it allows troops to detect and track potential threats from a safe distance.

Infrared thermography can also be used for target acquisition and tracking. Heat signature tracking allows infrared sensors to guide missiles or other weapons systems towards their intended targets even in unfavorable conditions.

The USA has more extensive military spending than any other country globally. Not only does it command a large size, but has advanced technology at its disposal as well.

The military sector is expected provide major push for sales of infrared thermography in the country.

What Primes the United Kingdom for Resounding Growth in Infrared Thermography Revenues?

The infrared thermography market in the United Kingdom is expected to grow to be worth US$ 5.7 million through 2032. It is also expected to present an absolute dollar growth of US$ 2.6 million till 2032.

Infrared thermography sales in the United Kingdom have grown at a CAGR of 3.0% from 2017 to 2021. Revenues are further expected to surge at a CAGR of 6.3% through 2032.

Infrared thermography sales have seen a massive uptick in the country over recent years. The figures have been rising due to increased adoption by the National Health Service (NHS) of thermal imaging guns post-Covid. They are mainly used to measure and monitor patient temperature in medical settings.

However, it finds ample use in several industrial and commercial settings as well.

How Lucrative Will China be for Infrared Thermography Manufacturers?

The infrared thermography market in China is expected to grow to be worth US$ 9.0 million with an absolute dollar growth of US$ 4.9 million till 2032.

The infrared thermography in China has grown at a CAGR of 5.6% from 2017 to 2021 and is expected to grow at a CAGR of 8.1% from 2022 to 2032.

Recent years have seen China’s takeover as a global manufacturing hub. Infrared thermography finds critical usage across several industries like automotive, electronics and petrochemicals in the country.

This technology provides for preventive maintenance, quality control and process monitoring. All above factors combined are expected to prime China for significant growth in the infrared thermography market over the forecast period.

Category-wise Insights:

Which Application of Infrared Thermography is Projected to Witness Significant Growth?

The building technology application of thermal imaging witnessed a CAGR of 4.0% from 2017 to 2021. This trend is expected to continue, with the market set to grow at 6.9% CAGR from 2022 to 2032.

Infrared thermography, also known as thermal imaging, is a non-destructive testing technique that can be used to identify areas of heat loss or gain in buildings. It works by detecting and measuring the infrared radiation emitted by objects, which is directly related to their temperature.

In building technology, infrared thermography is commonly used for energy audits, to identify areas of insulation deficiencies or air leaks. This information can then be used to make improvements to the building's envelope, HVAC system, or other energy efficiency measures.

This makes infrared thermography a valuable tool for building professionals looking to improve energy efficiency. They also help prevent damage and identify potential problems in buildings before it is too late.

Which Type of Infrared Thermometer is Expected to be Most Lucrative?

The infrared thermal imaging cameras are projected to witness significant growth during the forecast period. It grew at a CAGR of 3.9% from 2017 to 2021, and is expected to grow at a CAGR of 6.7% from 2022 to 2032.

Infrared thermal imaging cameras are specialized devices that detect and measure the amount of infrared radiation emitted by objects. The cameras work by detecting the temperature variations of objects and producing an image based on the intensity of the infrared radiation emitted by the object.

The resulting image shows a color-coded temperature distribution, with hotter objects appearing in red or yellow and cooler objects appearing in blue or green.

In industrial and commercial applications, infrared thermal imaging cameras are used to detect hotspots in electrical systems, identify areas of energy loss in buildings, and monitor the performance of machinery and equipment. Infrared thermal imaging cameras are extremely versatile and useful, which allows them to be applied across a wide range of sectors and fields.

Its high versatility is projected to be a key factor in its accelerated demand.

Competitive Analysis:

The market players are investing heavily in research and development for new and efficient products. The companies are also focusing on product launches to augment their market positions.

Key players in the market include FLIR Systems, Jenoptik AG, Fluke Corporation, SKF AB, Keysight Technologies, Inc., Testo AG, Reytek Corporation, Optris GmbH, R. Stahl Cameras Systems, Opgal Optronic Industries, Ltd., Finmeccanica S.p.A., BAE Systems, L-3 Communications, Infratec GmbH and Raytheon Company.

A few recent developments:

  • In May 2020 - Vodafone announced the launch of heat-detecting cameras to check people entering buildings for symptoms of fever and possible Covid-19 infection. A laptop or mobile device can securely and immediately receive thermal images from each camera, which can check the temperature of 100 people per minute.
  • April 2020 - FLIR Systems announced the launch of FLIR A400/A700 Thermal Smart Sensor and Thermal Image Streaming fixed camera solutions. These can be used for monitoring machinery, production lines, crucial infrastructure, and checking for elevated skin temperatures.
  • In March 2020 - FLIR systems announced the launch of Ranger HDC MR, a High-Definition Mid-Range Surveillance system, which can be beneficial in improving border and infrastructure security as well as the ability to detect illegal activities in ports and at borders.

Segmentation of the Global Infrared Thermography Market:

By Technology:

  • Active IR Thermography
  • Passive IR Thermography

By Subsector:

  • Commercial
  • Residential
  • Defense

By Application:

  • Night Vision Thermography
  • Security and Surveillance
  • Transportation
  • Unmanned Systems
  • Building Technology

By Infrared Thermometers Type:

  • Spot Infrared Thermometers
  • Infrared Scanner Systems
  • Infrared Thermal Imaging Cameras

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • FLIR Systems
  • Jenoptik AG
  • Fluke Corporation
  • SKF AB
  • Keysight Technologies, Inc.
  • Testo AG
  • Reytek Corporation
  • Optris GmbH
  • R. Stahl Cameras Systems
  • Opgal Optronic Industries, Ltd.
  • Finmeccanica S.p.A.
  • BAE Systems
  • L-3 Communications
  • Infratec GmbH
  • Raytheon Company

- Frequently Asked Questions -

The global market for infrared thermography was worth US$ 55.4 million in 2021.

The global demand for infrared thermography is projected to witness a market size of US$ 57.6 million in 2022.

The valuation of infrared thermography industry in 2032 is projected to be around US$ 115 billion.

The CAGR of the infrared thermography industry between 2017 to 2021 was 4.1%.

The projected CAGR for infrared thermography is 7.2%.

The infrared thermography used in building technology will garner a significant value share by 2032.

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