Global Infrared Camera Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Fixed, Handheld, and Pan-Tilt-Zoom (PTZ)

By Material;

Silicon, Sapphire, and Other

By Wavelength;

NIR, SWIR, MWIR, and LWIR

By Technology;

Cooled and Uncooled

By Application;

Automotive, BFSI, Commercial, Government & Defense, Healthcare, Industrial, Residential, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn157166550 Published Date: May, 2025 Updated Date: July, 2025

Infrared Camera Market Overview

Infrared Camera Market (USD Million)

Infrared Camera Market was valued at USD 1,077.19 million in the year 2024. The size of this market is expected to increase to USD 1,943.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.8%.


Global Infrared Camera Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 8.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.8 %
Market Size (2024)USD 1,077.19 Million
Market Size (2031)USD 1,943.98 Million
Market ConcentrationMedium
Report Pages306
1,077.19
2024
1,943.98
2031

Major Players

  • Axis Communications AB
  • DIAS Infrared GmbH
  • FLIR Systems
  • Fluke Corporation
  • Fujifilm Holdings Corporation
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Hanwha TechwinCo. Ltd.
  • Honeywell International Inc.
  • Infrared Cameras Inc.
  • InfraTec GmbH
  • Leonardo DRS (Leonardo SPA)
  • OMEGA Engineering Inc.
  • OPGAL Optronic Industries Ltd.
  • Optris GmbH
  • Panasonic Corporation
  • Raytheon Company
  • Seek Therma
  • SiOnyx LLC
  • Testo AG
  • Xenics

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Infrared Camera Market

Fragmented - Highly competitive market without dominant players


The Infrared Camera Market is witnessing impressive growth due to the increasing role of industrial automation and predictive maintenance technologies. An estimated 45% of manufacturers are now integrating infrared imaging to enhance inspection capabilities and avoid system failures. This momentum is further reinforced by strong collaboration between system manufacturers and analytics developers, creating ample room for technological innovation and market opportunities.

Strategic Partnerships Fueling Expansion
Around 52% of the market’s expansion is propelled by partnerships and mergers that unite camera hardware with smart sensor software. These collaborations are aimed at enabling seamless integration of imaging systems within business operations. By aligning on shared growth strategies, companies are accelerating the implementation of next-gen infrared technologies across industries, boosting both efficiency and competitive advantage.

Surging Demand in Security and Safety Applications
With roughly 48% of utilization linked to surveillance and security applications, the market is benefiting from rising investment in high-resolution thermal imaging systems. This shift is encouraged by innovation in AI-enhanced sensors capable of real-time threat detection. Businesses are tapping into these advanced technologies to strengthen operational safety, underlining the sector’s future potential for sustained growth.

Technological Advancement Steering Market Outlook
Ongoing technological improvements are reshaping market outlook, with more than 50% of companies prioritizing cutting-edge innovations such as miniaturized sensors and AI-enabled processors. The focus is on developing cost-effective, scalable solutions that meet a wide range of use cases. This sustained push for R&D collaboration and product enhancement reinforces the market’s commitment to continuous expansion and innovation.

  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
    2. Market Snapshot, By Material
    3. Market Snapshot, By Wavelength
    4. Market Snapshot, By Technology
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Infrared Camera Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Thermal Imaging in Various Industries

        2. Advancements in Infrared Camera Technology

        3. Growing Adoption in Security and Surveillance Applications

        4. Rising Demand for Automotive Night Vision Systems

      2. Restraints
        1. High Cost of Cooled Infrared Cameras
        2. Limited Awareness in Developing Regions
        3. Technical Limitations in Uncooled Infrared Cameras
        4. Regulatory Challenges in Certain Applications
      3. Opportunities
        1. Expanding Applications in Healthcare and Medical Imaging
        2. Growth of Smart Cities and Infrastructure Development
        3. Rising Demand in Consumer Electronics and Wearable Devices
        4. Innovations in Uncooled Infrared Camera Technology
    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. Infrared Camera Market, By Product, 2021 - 2031 (USD Million)
      1. Fixed
      2. Handheld
      3. Pan-Tilt-Zoom (PTZ)
    2. Infrared Camera Market, By Material, 2021 - 2031 (USD Million)

      1. Silicon

      2. Sapphire

      3. Other

    3. Infrared Camera Market, By Wavelength, 2021 - 2031 (USD Million)
      1. NIR
      2. SWIR
      3. MWIR
      4. LWIR
    4. Infrared Camera Market, By Technology, 2021 - 2031 (USD Million)

      1. Cooled

      2. Uncooled

    5. Infrared Camera Market, By Application, 2021 - 2031 (USD Million)
      1. Automotive
      2. BFSI
      3. Commercial
      4. Government & Defense
      5. Healthcare
      6. Industrial
      7. Residential
      8. Others
    6. Infrared 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. Axis Communications AB

      2. DIAS Infrared GmbH

      3. FLIR Systems

      4. Fluke Corporation

      5. Fujifilm Holdings Corporation

      6. Hangzhou Hikvision Digital Technology Co. Ltd.

      7. Hanwha TechwinCo. Ltd.

      8. Honeywell International Inc.

      9. Infrared Cameras Inc.

      10. InfraTec GmbH

      11. Leonardo DRS (Leonardo SPA)

      12. OMEGA Engineering Inc.

      13. OPGAL Optronic Industries Ltd.

      14. Optris GmbH

      15. Panasonic Corporation

      16. Raytheon Company

      17. Seek Therma

      18. SiOnyx LLC

      19. Testo AG

      20. Xenics

  7. Analyst Views
  8. Future Outlook of the Market