Infrared Thermography Market By Type (Fixed mount, handheld & others), By Technology (Cooled & Un-cooled), By Product (thermal camera, thermal monocular, thermal scopes, thermal rifle scopes, thermal modules, thermal binocular & others), By wavelength range, By Application, By end-user industry, By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027
Infrared Thermography Market Overview
The Infrared Thermography market size is forecast to reach $70 million by 2027, growing at CAGR 9.5% from 2022 to 2027. 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. These factors are set to boost the market growth for infrared thermography industry during the forecast period 2022-2027.
The report: “Infrared Thermography Market– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Infrared Thermography Market.
- North America dominates the market with highest market share; however, APAC is anticipated to witness the fastest growth during the forecast period, owing to high penetration rate of advanced technologies and growing investment in defence sector.
- The market of Infrared Thermography is estimated to witness significant upsurge during the forecast period, owing to the increasing adoption of this technology for border surveillance.
- This industry is consolidated with top market players including FLIR Systems, Inc., FLUKE Corporation, Testo AG, Jenoptik AG, InfraTec GmbH among others.
Infrared Thermography Market Value Share, by Geography, 2021 (%)
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Infrared Thermography Market Segment Analysis - By Product
By Product, the Infrared Thermography market is segmented into thermal camera, thermal monocular, thermal scopes, thermal rifle scopes, thermal modules, thermal binocular and others. The market for thermal cameras held the highest market share of 32% in 2021 and it is estimated to witness the significant market growth during the forecast period 2022-2027. The high adoption rate of thermal cameras across industrial, commercial and residential sectors for security purposes and for defect detection is the major driving force behind the growth. The increasing investment in defence sector influences the growth of this market positively, as these cameras are highly being used in defence and military sector for security purposes. In October 2019, Leonardo DRS was selected as a supplier of advanced thermal imagery technologies (TS III) to the US army’s remote combat vehicle weapon stations. Apart from that, the growing cases of Covid-19 also fuel the adoption rate of thermal cameras for the detection of the virus. In May 2020, Vodafone launched a heat detection camera incorporating both the HD and thermal cameras to protect the offices from the deadly Corona virus, and to deliver real-time body temperature screening of the people entering the building. The above-mentioned factors are set to drive the growth of thermal cameras as well as Infrared Thermography market during 2022-2027.
Infrared Thermography Market Segment Analysis - By End User Industry
Based on end-user industry, Infrared Thermography Market is segmented into Healthcare, Marine, Automotive, Oil and Gas, Food and Beverages, Defence and military, aerospace, law enforcement, transportation and logistics, education and research, construction and others. According to Infrared Thermography Market report of IndustryARC, Infrared Thermography market size for Defence and military is analysed to reach $15 million in 2027 with a CAGR of 6.7% during 2022-2027. Increasing investment in military and defence sector for the development of advanced technologies in order to get more accurate information as well as to enhance the security system, the adoption of infrared thermography technology is estimated to grow. A data report of Stockholm International Peace Research Institute (SIPRI) shows that, the global expenditure on military and defence reached $1917 billion in 2019 which represents an increase of 3.6% from the previous year and 62% of the total investment came from only five countries, United States, India, Russia, China and Saudi Arabia. This technology is used for identification, intruder detections, finding hidden bombs, targeting enemy, defect detection and others, especially at night time, thereby protecting the military troops and making the surveillance system stronger. This in turn accelerates the adoption rate of this technology. Apart from that, increasing rate of crimes, terrorism and illegal activities across borders globally have triggered the adoption growth of this technology. In March 2020, FLIR announced about the launch of Ranger HDC MR, a High-Definition Mid-Range Surveillance system for the detection of illegal activities in ports and borders and it also boosts the surveillance capabilities of border and infrastructure security. Hence, the above-mentioned factors are analysed to drive the market during 2022-2027
Infrared Thermography Market Segment Analysis - By Geography
Based on Geography, the market is segmented into North America, South America, Europe, APAC and RoW. North America dominated the market with around 33% Infrared Thermography market share in 2021, and is estimated to reach $35 million by 2027, owing to the early adoption of this technology and high investment in defence sector. According to a report, in 2019, United States widened the gap between it and the second largest defence spender, that is, China, by investing a massive amount in defence sector. The amount invested in weapon procurement and weapon R&D projects alone exceeded China’s total defence budget. However, APAC region is estimated to witness the fastest market growth during the forecast period 2022-2027. This growth is majorly attributed to the high adoption rate of advanced technologies and increasing investment in military and defence sector. In February 2021, Indian Government allocated Rs 4.78 lakh crore for military and defence services in budget 2021-2022, which is 1.4% more than previous year’s budget. In addition, growing criminal activities such as terrorism, smuggling, illegal border activities, and others work as a key influencer for this market. The above-mentioned factors are poised to create tremendous growth opportunities for APAC Infrared Thermography Market during the forecast period 2022-2027.
Infrared Thermography Market Drivers
High Adoption rate of Infrared Thermography technology for Border Surveillance and security services is influencing the growth of this market:
The adoption rate of infrared Thermography technology for security and surveillance purposes in defence and military sector is one of main drivers of the market. Growing safety concerns and increasing tensions across countries triggers the need for better surveillance system, resulting in rising adoption of infrared thermography. This technology does not require light, even at night to take a clear picture, on which smallest details also can be seen and it also can work in all weather conditions. This in turn makes it perfectly suitable for border surveillance, search and rescue missions others. In January 2020, Indian Army was planning to purchase over 22,000 thermal imaging sights and night infrared vision devices for infantry assault rifles, in order to reduce the causalities in the border during cross-border fire or anti-terror operational mission. Apart from that, the growing incidence of inter border smugglings and other illegal crimes works as a key influencer for the adoption of infrared thermography and thermal imaging cameras. Hence the increasing requirement for surveillance system for border surveillance is set to drive the market growth during 2022-2027.
Rapid Growth in Construction industry across the world will fuel the growth of Infrared Thermography market:
Growing adoption of thermal imaging and infrared technology in construction sector is a major driver of this market. The rapid growth in construction industry across the world due to rapid industrialization and urbanizations, is accelerating the adoption rate of Infrared thermography as this technology is used for defect detection, monitoring cracks, ceramic matrix composites and metal matrix composites, leakage identification, and various types of other applications in construction industry. According to Statistics Poland, construction and assembly work output had increased 2.6% in 2019. Similarly, according to World Bank collection of development indicator the industrial sector including construction sector, of Czechia contributed 31.49 % in 2020 in the country’s GDP. Apart from that, according to the data of statistics Poland, the number of residential buildings delivered in Poland has increased more than 11% year-on-year between January and November 2019. Due to high growth rate in construction industries, the demand for infrared thermography is rising. Thus the high usage of Infrared Thermography technology in construction sector is driving the growth of this market in the forecast period 2022-2027.
Infrared Thermography Market Challenges
Technical issues of infrared thermography are harming the growth of this market
Even though the adoption rate of Infrared thermography technology in healthcare sector is growing rapidly, but it has some technical issues which creates a negative impact on the market growth. Infrared Thermography not just less sensitive than mammography for detecting cancer but it also shows high false-positive rate. In other words, sometimes it detects cancerous cells in the body even when no cancerous cells are there and vice-versa. In January 2021, The U.S. Food and Drug Administration (FDA) published a report which states that mammography is still better and more effective for breast cancer screening test than thermography. These challenges are poised to impede the growth of infrared thermography market during the forecast period 2022-2027.
Infrared Thermography Industry Outlook
Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Infrared Thermography Market. As of 2021, the market for Infrared Thermography industry outlook is consolidated with the top market players. Infrared Thermography top 10 companies include:
- FLIR Systems, Inc.
- FLUKE Corporation
- Testo AG
- Jenoptik AG
- InfraTec GmbH
- Leonardo S.P.A.
- Harris Technologies, Inc.
- United Technologies Corporation
- Axis Communications AB
- BAE Systems plc.
- In April 2020, FLIR announced the launch of the FLIR A400/A700 Thermal Smart Sensor and Thermal image streaming fixed camera solutions, which can be used in industrial monitoring and screening for elevated skin temperature.
- In March 2020, Seek Thermal launched Seek Scan, specifically designed to deliver accurate skin temperature while enabling social the protocols of social distancing
- In March 2020, a Gurgaon based Start-up Company, Staqu launched an AI based thermal camera under its video analytics platform-JARVIS, for the detection of COVID-19 virus. It is perfectly suitable for crowded places such as airports, railway stations, malls and others, with a range up-to 100 meters and it can examine as well as identify multiple people at the same time.