Cooled Infrared (IR) Camera Market

By Product Type;

Handheld Cameras and Fixed Cameras

By Technology;

Indium Antimonide (INSB) and Mercury Cadmium Telluride (MCT)

By Distribution Channel;

Direct and Indirect

By End Use;

Defence & Military, Industrial, Commercial Surveillance, Automotive, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn112625301 Published Date: August, 2025

Introduction

Global Cooled IR Camera Market (USD Million), 2021 - 2031

In the year 2024, the Global Cooled IR Camera Market was valued at USD 545.32 million. The size of this market is expected to increase to USD 1,331.38 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.6%.


Cooled Infrared (IR) Camera Market

*Market size in USD million

CAGR 13.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)13.6 %
Market Size (2024)USD 545.32 Million
Market Size (2031)USD 1,331.38 Million
Market ConcentrationLow
Report Pages395
545.32
2024
1,331.38
2031

Major Players

  • Leonardo DRS
  • Global Sensor Technology Co., Ltd.
  • Xenics
  • AIM Infrarot-Module GmbH
  • Lynred
  • FLIR System Inc.
  • L3 Technologies
  • SemiConductor Devices
  • Boston Electronics Corporation
  • Hamamatsu Photonics

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Cooled Infrared (IR) Camera Market

Fragmented - Highly competitive market without dominant players


The global cooled IR camera market is a rapidly evolving sector within the broader thermal imaging industry, driven by advancements in infrared technology and increasing demand across various applications. Cooled IR cameras, which utilize cryogenically cooled detectors to achieve superior thermal sensitivity and image resolution, are widely used in sectors such as defense and military, industrial, scientific research, and healthcare. These cameras are capable of detecting even the slightest temperature differences, making them indispensable for applications like surveillance, target acquisition, predictive maintenance, and medical diagnostics. The market is experiencing significant growth due to the rising need for enhanced imaging solutions in critical environments, particularly in defense and aerospace, where precision and reliability are paramount. Additionally, the expansion of industrial automation and the growing emphasis on non-destructive testing methods have further fueled the adoption of cooled IR cameras. Technological innovations, such as the development of compact and energy-efficient cooling systems, are also contributing to market expansion by making these cameras more accessible and cost-effective. Geographically, North America and Europe dominate the market, owing to their strong defense sectors and high investment in R&D, while the Asia-Pacific region is emerging as a lucrative market due to rapid industrialization and increasing defense budgets. However, challenges such as high costs and the complexity of cooling systems may hinder market growth to some extent. Despite these obstacles, the global cooled IR camera market is poised for robust growth, driven by continuous technological advancements and the expanding range of applications across diverse industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Cooled IR Camera Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Enhanced Thermal Sensitivity
        2. Growing Demand for Surveillance Solutions
        3. Technological Advancements
        4. Increasing Defense Budgets
      2. Restraints
        1. High Cost of Equipment
        2. Complexity in Maintenance
        3. Limited Availability of Skilled Personnel
        4. Regulatory Constraints
      3. Opportunities
        1. Expansion in Industrial Automation
        2. Rising Adoption in Healthcare
        3. Emerging Applications in Automotive Sector
        4. Increasing Investments in R&D
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Cooled IR Camera Market, By Product Type, 2021 - 2031 (USD Million)

      1. Handheld Cameras

      2. Fixed Cameras

    2. Cooled IR Camera Market, By Technology, 2021 - 2031 (USD Million)
      1. Indium Antimonide (INSB)
      2. Mercury Cadmium Telluride (MCT).
    3. Cooled IR Camera Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Direct
      2. Indirect
    4. Cooled IR Camera Market, By End Use, 2021 - 2031 (USD Million)
      1. Defense & Military
      2. Industrial
      3. Commercial Surveillance
      4. Automotive
      5. Others.
    5. Cooled IR Camera Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Leonardo DRS
      2. Global Sensor Technology Co., Ltd.
      3. Xenics
      4. AIM Infrarot-Module GmbH
      5. Lynred
      6. FLIR System Inc.
      7. L3 Technologies
      8. SemiConductor Devices
      9. Boston Electronics Corporation
      10. Hamamatsu Photonics
  7. Analyst Views
  8. Future Outlook of the Market