Infrared and Thermal Imaging Systems Market By Size, Share and Forecast 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 5.17 Billion
Market Size (2029)	USD 9.10 Billion
CAGR (2024-2029)	9.72%
Fastest Growing Segment	Software
Largest Market	North America

Market Overview

Global Infrared and Thermal Imaging Systems market was valued at USD 5.17 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR 9.72% through 2029F.

The Global Infrared and Thermal Imaging Systems Market is experiencing robust growth driven by technological advancements and diverse applications across industries. Infrared and thermal imaging systems, encompassing hardware, software, and services, play a pivotal role in enhancing security, surveillance, and operational efficiency. The dominant application segment is Security, where these systems contribute significantly to defense, aerospace, law enforcement, and critical infrastructure protection. The construction industry also relies heavily on thermal imaging for site monitoring and safety. Technological innovations, such as improved sensor technologies and integration with artificial intelligence, further expand the market's capabilities. North America leads in market dominance, driven by a strong research and development ecosystem and the presence of key industry players. While challenges like cost considerations and regulatory compliance persist, the market's trajectory remains positive, fueled by the rising demand for non-contact temperature measurement solutions and the integration of thermal imaging into emerging technologies. The global emphasis on security, safety, and efficiency positions the Infrared and Thermal Imaging Systems Market as a crucial player in reshaping diverse industries and driving advancements in the broader technological landscape.

Key Market Drivers

Increasing Demand for Non-Contact Temperature Measurement:

The global Infrared and Thermal Imaging Systems market is driven by the increasing demand for non-contact temperature measurement solutions across various industries. Particularly in the wake of global health concerns, the need for efficient and non-intrusive temperature monitoring has surged. Infrared and thermal imaging systems play a crucial role in this domain, enabling quick and accurate temperature screenings in public spaces, transportation hubs, workplaces, and healthcare facilities. The market's response to the demand for non-contact temperature measurement reflects the versatility of these technologies, positioning them as vital tools in preventing the spread of infectious diseases and ensuring public safety.

Expanding Applications in Security and Surveillance:

A significant driver for the Infrared and Thermal Imaging Systems market is the expanding range of applications in security and surveillance. These technologies provide enhanced situational awareness, especially in low-light or challenging visibility conditions. Infrared and thermal imaging systems are widely utilized for perimeter security, border control, and critical infrastructure protection. Their ability to detect heat signatures and differentiate temperature variations contributes to improved threat detection and response capabilities. As security concerns persist globally, the market is witnessing increased adoption of these technologies across public and private sectors to bolster security measures.

Technological Advancements and Integration with AI:

The market for Infrared and Thermal Imaging Systems is propelled by continuous technological advancements and their integration with artificial intelligence (AI). Improved sensor technologies, higher resolution imagery, and enhanced data processing capabilities contribute to more accurate and efficient thermal imaging systems. Integration with AI algorithms further enhances the interpretation of thermal data, enabling automated analysis, anomaly detection, and predictive maintenance. The synergy between thermal imaging and AI positions these systems as advanced tools for real-time decision-making across various industries, including manufacturing, healthcare, and infrastructure.

Growing Importance in Industrial Applications:

Infrared and Thermal Imaging Systems are increasingly vital in industrial applications, serving as valuable tools for predictive maintenance, quality control, and process optimization. The ability to identify temperature variations and anomalies in industrial equipment facilitates early detection of potential failures, minimizing downtime and optimizing operational efficiency. These systems are widely adopted in industries such as manufacturing, energy, and utilities, contributing to increased productivity and cost savings. As industries prioritize efficiency and reliability, the market for thermal imaging systems continues to expand to meet the evolving needs of the industrial sector.

Rise in Demand for Unmanned Aerial Vehicles (UAVs) and Drones:

The Infrared and Thermal Imaging Systems market is driven by the rise in demand for unmanned aerial vehicles (UAVs) and drones equipped with thermal imaging capabilities. Drones equipped with infrared sensors find applications in agriculture, environmental monitoring, infrastructure inspection, and search and rescue operations. The ability to capture thermal data from aerial perspectives enhances the efficiency of various processes, ranging from precision agriculture to critical infrastructure assessments. As the use of drones becomes more pervasive across industries, the demand for thermal imaging systems integrated into these unmanned platforms continues to rise, contributing to the market's growth.

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Key Market Challenges

Cost and Affordability:

One of the primary challenges facing the global Infrared and Thermal Imaging Systems market is the cost and affordability of these technologies. While advancements in technology have contributed to the miniaturization and improved performance of infrared and thermal imaging devices, the high initial investment required for state-of-the-art systems remains a barrier for widespread adoption. The cost sensitivity is particularly pronounced in industries or applications where budgets are limited, hindering the potential for broader market penetration. Addressing this challenge necessitates ongoing efforts to reduce manufacturing costs, enhance production efficiency, and develop cost-effective solutions without compromising performance.

Regulatory Compliance and Privacy Concerns:

The Infrared and Thermal Imaging Systems market faces challenges related to regulatory compliance and privacy concerns. As the use of thermal imaging expands into various sectors, compliance with regulations governing data protection and privacy becomes crucial. Issues related to the unauthorized collection of thermal data, especially in public spaces or workplaces, can raise ethical and legal concerns. Navigating a complex regulatory landscape and ensuring that thermal imaging systems adhere to privacy guidelines without compromising their intended functionalities poses a challenge for manufacturers and users alike. Striking the right balance between effective monitoring and respecting privacy rights remains an ongoing challenge for the industry.

Limited Spatial Resolution and Detection Range:

The inherent limitations in spatial resolution and detection range of infrared and thermal imaging systems present a significant challenge, particularly in applications requiring precise identification of smaller objects or targets at a distance. Current technological constraints can affect the accuracy and reliability of thermal imaging, limiting its effectiveness in scenarios where high-resolution imagery is crucial. Overcoming these challenges requires continuous research and development efforts to enhance the capabilities of infrared sensors, improve image resolution, and extend detection ranges. Advancements in these areas are essential for expanding the range of applications and ensuring the practicality of thermal imaging systems across diverse industries.

Integration Challenges with Existing Systems:

Incorporating infrared and thermal imaging systems into existing infrastructure can be challenging, particularly when interfacing with legacy systems or diverse technologies. Achieving seamless integration with other sensing technologies, surveillance systems, or control networks requires compatibility and standardization. The lack of standardized interfaces and protocols poses a challenge for manufacturers and system integrators seeking to deploy thermal imaging solutions in conjunction with other technologies. Addressing these integration challenges involves collaboration within the industry to establish common standards, ensuring interoperability and facilitating the effective deployment of thermal imaging systems across various environments.

Rapid Technological Obsolescence:

The fast-paced evolution of technology poses a challenge in terms of the rapid obsolescence of infrared and thermal imaging systems. As newer, more advanced technologies emerge, existing systems may become outdated, impacting their compatibility, performance, and overall utility. This challenge necessitates continuous investments in research and development to stay ahead of technological advancements and provide users with state-of-the-art solutions. Additionally, it underscores the importance of creating upgradeable and modular systems that allow for seamless integration of new features and capabilities without requiring complete system overhauls.

Key Market Trends

Increasing Adoption Across Diverse Industries:

The global Infrared and Thermal Imaging Systems market is witnessing a notable trend in the increasing adoption of these technologies across diverse industries. Originally developed for military and defense applications, infrared and thermal imaging systems are finding widespread use in sectors such as healthcare, automotive, industrial, and surveillance. In healthcare, these systems are employed for fever screening and diagnostics, while in the automotive industry, they enhance driver-assistance systems and night vision capabilities. The versatility of these technologies across various sectors is driving market growth as businesses recognize the value of real-time temperature sensing and non-destructive testing applications.

Technological Advancements and Integration:

A key trend shaping the Infrared and Thermal Imaging Systems market is the continuous technological advancements and integration with other emerging technologies. Improved sensor technologies, enhanced image resolution, and the integration of artificial intelligence (AI) are contributing to more accurate and efficient thermal imaging systems. These advancements expand the applications of infrared imaging in predictive maintenance, building diagnostics, and industrial automation. The integration of thermal imaging with drones is another notable trend, enabling aerial surveillance and inspection in industries such as agriculture, construction, and infrastructure development.

Growing Demand for Non-Contact Temperature Measurement:

The global emphasis on health and safety, particularly in the wake of global health crises, has led to a growing demand for non-contact temperature measurement solutions. Infrared and thermal imaging systems are playing a crucial role in this regard, enabling quick and accurate temperature screenings in public spaces, transportation hubs, and workplaces. The need for efficient and non-intrusive temperature monitoring is likely to sustain the demand for these systems, especially in the context of global health concerns and the ongoing focus on preventing the spread of infectious diseases.

Increasing Application in Building and Infrastructure Inspections:

A significant trend in the Infrared and Thermal Imaging Systems market is their increasing application in building and infrastructure inspections. These systems are utilized for identifying energy inefficiencies, detecting water leaks, and assessing structural integrity. In the construction industry, thermal imaging is employed for quality control and identifying potential issues in the early stages of development. This trend is driven by the need for cost-effective and non-destructive methods of inspecting buildings and infrastructure, ultimately contributing to improved safety and longevity of structures.

Market Expansion in Emerging Economies:

The global Infrared and Thermal Imaging Systems market is experiencing expansion into emerging economies. As these technologies become more affordable and accessible, industries in developing regions are increasingly adopting thermal imaging for various applications. The use of infrared and thermal imaging in agriculture for crop monitoring, in firefighting for situational awareness, and in consumer electronics for facial recognition are examples of how these technologies are gaining traction in emerging markets. The growth potential in these regions presents new opportunities for market players to diversify their offerings and cater to a broader range of applications.

Segmental Insights

Application Insights

Security segment dominates in the global infrared and thermal imaging systems market in 2023. The Security application encompasses a broad spectrum of use cases, ranging from perimeter security and critical infrastructure protection to border control and public safety initiatives. In particular, the defense and aerospace sectors heavily rely on infrared and thermal imaging systems for applications such as night vision, target acquisition, and surveillance. The ability of these systems to detect heat signatures and operate in low-light conditions positions them as invaluable tools for enhancing military and security operations.

Security segment extends its influence beyond the defense sector into civilian applications. In public spaces, transportation hubs, and critical infrastructure facilities, thermal imaging systems contribute to threat detection, identification of potential security risks, and the prevention of unauthorized access. The adaptability of these systems for both indoor and outdoor security applications makes them indispensable for safeguarding diverse environments.

The construction industry is another significant contributor to the dominance of the Security segment, utilizing thermal imaging for monitoring and securing construction sites during both day and night operations. The capability to identify potential safety hazards, unauthorized personnel, and equipment malfunctions enhances overall site security and reduces the risk of accidents.

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Regional Insights

North America dominates the global infrared and thermal imaging systems market in 2023. North America's dominance in the Global Infrared and Thermal Imaging Systems Market can be attributed to a combination of factors that collectively position the region as a key player in the industry. One primary driver is the significant presence of leading manufacturers and technology innovators specializing in thermal imaging systems. Companies based in North America have played a pivotal role in advancing the technology, developing cutting-edge solutions, and driving market trends.

The robust research and development ecosystem in North America, particularly in the United States, fosters continuous innovation in thermal imaging technology. Collaboration between industry, academia, and research institutions contributes to the development of state-of-the-art infrared and thermal imaging systems, enhancing their capabilities and expanding their applications across various sectors.

The region's dominance is further amplified by the strong demand for these technologies in diverse industries such as defense, aerospace, healthcare, industrial, and automotive. The defense and aerospace sectors, in particular, are major consumers of thermal imaging systems for applications like surveillance, target acquisition, and night vision capabilities. The U.S. military's significant investment in advanced technologies has driven the growth of the thermal imaging market in North America.

Stringent regulations and standards related to security and safety in North America have fueled the adoption of thermal imaging systems. The emphasis on border security, critical infrastructure protection, and public safety initiatives has driven the integration of thermal imaging technologies into surveillance and monitoring systems, creating a substantial market demand.

Recent Developments

In January 2024, Valeo, a prominent technology partner in the mobility sector, and Teledyne FLIR, a division of Teledyne Technologies Incorporated, announced a strategic collaboration aimed at integrating thermal imaging technology into the automotive industry to enhance road user safety. Together, they secured a significant contract from a leading global automotive OEM in late 2023 to supply new thermal imaging cameras as part of an advanced driver-assist systems (ADAS) driver-aide technology, aimed at improving vehicle and road safety. The collaboration between Valeo and Teledyne FLIR will result in the development of the first Automotive Safety Integrity Level (ASIL) B thermal imaging technology for night vision ADAS. This system will complement Valeo's extensive range of sensors and will utilize Valeo's ADAS software stack to support functions such as automatic emergency braking (AEB) at night for both passenger and commercial vehicles, as well as autonomous cars. By combining Valeo's expertise as a leader in automotive camera technologies with Teledyne FLIR's leadership in thermal imaging technology, the collaboration aims to create the next generation of multispectral sensor fusion systems for automotive safety.

Key Market Players

Teledyne Technologies Incorporated
Tech Imaging Services, Inc.
L3Harris Technologies, Inc.
Leonardo S.p.A.
Exosens
Opgal Ltd.
BAE Systems plc
Thermoteknix Systems Ltd
Testo SE & Co. KGaA
Fluke Corporation

By Solutions	By Application	By Region
Hardware Software Services	Industrial Security Research & Development Construction Maritime Transportation Law Enforcement Agencies Surveillance Systems Others	North America Europe South America Middle East & Africa Asia Pacific

Report Scope:

In this report, the Global Infrared and Thermal Imaging Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Infrared and Thermal Imaging Systems Market, By Solutions:

o Hardware

o Software

o Services

Infrared and Thermal Imaging Systems Market, By Application:

o Industrial

o Security

o Research & Development

o Construction

o Maritime

o Transportation

o Law Enforcement Agencies

o Surveillance Systems

o Others

Infrared and Thermal Imaging Systems Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ Germany

§ France

§ United Kingdom

§ Italy

§ Spain

o South America

§ Brazil

§ Argentina

§ Colombia

o Asia-Pacific

§ China

§ India

§ Japan

§ South Korea

§ Australia

o Middle East & Africa

§ Saudi Arabia

§ UAE

§ South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Infrared and Thermal Imaging Systems Market.

Available Customizations:

Global Infrared and Thermal Imaging Systems Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Infrared and Thermal Imaging Systems Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Infrared and Thermal Imaging Systems Market

5. Voice of Customer

6. Global Infrared and Thermal Imaging Systems Market Overview

7. Global Infrared and Thermal Imaging Systems Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Solutions (Hardware, Software, Services)

7.2.2. By Application (Industrial, Security, Research & Development, Construction, Maritime, Transportation, Law Enforcement Agencies, Surveillance Systems, Others)

7.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2023)

7.4. Market Map

8. North America Infrared and Thermal Imaging Systems Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Solutions

8.2.2. By Application

8.2.3. By Country

8.3. North America: Country Analysis

8.3.1. United States Infrared and Thermal Imaging Systems Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Solutions

8.3.1.2.2. By Application

8.3.2. Canada Infrared and Thermal Imaging Systems Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Solutions

8.3.2.2.2. By Application

8.3.3. Mexico Infrared and Thermal Imaging Systems Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Solutions

8.3.3.2.2. By Application

9. Europe Infrared and Thermal Imaging Systems Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Solutions

9.2.2. By Application

9.2.3. By Country

9.3. Europe: Country Analysis

9.4. Germany Infrared and Thermal Imaging Systems Market Outlook

9.4.1. Market Size & Forecast

9.4.1.1. By Value

9.4.2. Market Share & Forecast

9.4.2.1. By Solutions

9.4.2.2. By Application

9.5. France Infrared and Thermal Imaging Systems Market Outlook

9.5.1. Market Size & Forecast

9.5.1.1. By Value

9.5.2. Market Share & Forecast

9.5.2.1. By Solutions

9.5.2.2. By Application

9.6. United Kingdom Infrared and Thermal Imaging Systems Market Outlook

9.6.1. Market Size & Forecast

9.6.1.1. By Value

9.6.2. Market Share & Forecast

9.6.2.1. By Solutions

9.6.2.2. By Application

9.7. Italy Infrared and Thermal Imaging Systems Market Outlook

9.7.1. Market Size & Forecast

9.7.1.1. By Value

9.7.2. Market Share & Forecast

9.7.2.1. By Solutions

9.7.2.2. By Application

9.8. Spain Infrared and Thermal Imaging Systems Market Outlook

9.8.1. Market Size & Forecast

9.8.1.1. By Value

9.8.2. Market Share & Forecast

9.8.2.1. By Solutions

9.8.2.2. By Application

10. South America Infrared and Thermal Imaging Systems Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Solutions

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Infrared and Thermal Imaging Systems Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Solutions

10.3.1.2.2. By Application

10.3.2. Colombia Infrared and Thermal Imaging Systems Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Solutions

10.3.2.2.2. By Application

10.3.3. Argentina Infrared and Thermal Imaging Systems Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Solutions

10.3.3.2.2. By Application

11. Middle East & Africa Infrared and Thermal Imaging Systems Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Solutions

11.2.2. By Application

11.2.3. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Infrared and Thermal Imaging Systems Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Solutions

11.3.1.2.2. By Application

11.3.2. UAE Infrared and Thermal Imaging Systems Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Solutions

11.3.2.2.2. By Application

11.3.3. South Africa Infrared and Thermal Imaging Systems Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Solutions

11.3.3.2.2. By Application

12. Asia Pacific Infrared and Thermal Imaging Systems Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Solutions

12.2.2. By Application

12.2.3. By Country

12.3. Asia Pacific: Country Analysis

12.3.1. China Infrared and Thermal Imaging Systems Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Solutions

12.3.1.2.2. By Application

12.3.2. India Infrared and Thermal Imaging Systems Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Solutions

12.3.2.2.2. By Application

12.3.3. Japan Infrared and Thermal Imaging Systems Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Solutions

12.3.3.2.2. By Application

12.3.4. South Korea Infrared and Thermal Imaging Systems Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Solutions

12.3.4.2.2. By Application

12.3.5. Australia Infrared and Thermal Imaging Systems Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Solutions

12.3.5.2.2. By Application

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. Teledyne Technologies Incorporated

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services Offered

15.2. Tech Imaging Services, Inc.

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services Offered

15.3. L3Harris Technologies, Inc.

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services Offered

15.4. Leonardo S.p.A.

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services Offered

15.5. Exosens

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services Offered

15.6. Opgal Ltd.

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services Offered

15.7. BAE Systems plc

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services Offered

15.8. Thermoteknix Systems Ltd

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services Offered

15.9. Testo SE & Co. KGaA

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services Offered

15.10.Fluke Corporation

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the global infrared and thermal imaging systems market in 2023?

The market size of the global infrared and thermal imaging systems market was USD 5.17 Billion in 2023.

Which was the dominant segment in the global infrared and thermal imaging systems market in 2023, by solutions?

Hardware was the dominant segment in the global infrared and thermal imaging systems market in 2023 by solutions due to the increased demand for thermal cameras and infrared sensors across various industries. The hardware segment includes the actual physical components such as cameras, sensors, lenses, and other equipment necessary for capturing and processing thermal images.

What are the challenges in the global infrared and thermal imaging systems market?

Challenges in the global infrared and thermal imaging systems market include high costs and affordability issues, regulatory compliance and privacy concerns, limited spatial resolution and detection range, and integration difficulties with existing systems.

What are the major drivers for the global infrared and thermal imaging systems market?

Key drivers for the global infrared and thermal imaging systems market include rising demand for non-contact temperature measurement, expanding use in security and surveillance, technological advancements and AI integration, and growing significance in industrial applications.

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Press Release

Infrared and Thermal Imaging Systems Market Expands with Hardware Segment at a robust CAGR of 9.72%

May, 2024

The increasing global infrared and thermal imaging systems market is driven by increasing demand for non-contact temperature measurement, expanding applications in security and surveillance during th

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