From GlobeNewswire: 2024-11-21 08:51:00

The Infrared Imaging Market was valued at USD 7.03 Billion in 2023, projected to reach USD 12.36 Billion by 2032 with a CAGR of 6.5%. Infrared technology is driving growth in healthcare for early disease detection and in defense for surveillance. Major players include FLIR Systems, Raytheon, and L3Harris Technologies.

Advancements in military applications are boosting the Infrared Imaging Technology market. Night surveillance and targeting missions heavily rely on technologies like night vision goggles and FLIR scanners. Companies like LightPath Technologies and L3Harris Technologies are investing in infrared optics for military programs, reflecting the increasing demand for advanced IR systems globally.

In the Infrared Imaging Market, uncooled technology dominates with a 6.71% CAGR forecast from 2024-2032. Cooled technology also holds a significant share due to its clearer imaging capabilities. Long-Wave Infrared (LWIR) leads the market, while Short-Wave Infrared (SWIR) is expected to grow rapidly, especially in quality control applications.

North America leads the Infrared Camera Market with a 36% share, driven by major OEMs like Teledyne Technologies and FLIR Systems. Asia Pacific is a rapidly growing market due to industrialization and increased demand from sectors like manufacturing and construction. Rising military expenditures in countries like China and India are also contributing to market growth. The latest report on Infrared Imaging Market Growth & Outlook 2024-2032 provides insights on wafer production volumes by region, chip design trends, fab capacity utilization, and supply chain metrics. The report also covers competitive landscape, market segmentation by vertical, application, wavelength, and technology types, regional analysis, company profiles, use cases, and best practices.

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