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Infrared Imaging Market Size
Infrared Imaging Market will register significant growth between 2024 and 2032 due to increasing research and developments in the field. Advancements in infrared imaging technology have led to enhanced capabilities, such as improved resolution, sensitivity, and image processing.
For instance, in January 2024, Professors Fiorenzo Vetrone and Jinyang Liang, leading a team at the Énergie Matériaux Télécommunications Research Centre at the Institut national de la recherche scientifique (INRS), developed a novel technique for imaging nanoparticles. This method relied on high-precision, short-wave infrared imaging, enabling the recording of photoluminescence lifetimes of rare-earth doped nanoparticles within the micro-to-millisecond range. Published in the journal Advanced Science, this breakthrough discovery unveiled numerous promising applications, particularly in information security and healthcare fields.
These developments have expanded the application areas of infrared imaging across various industries, including healthcare, defense, automotive, and aerospace. Additionally, the growing adoption of infrared imaging in surveillance, thermography, and night vision systems further drives market demand, fostering innovation.
The infrared imaging market is witnessing increased demand propelled by rising product launches from companies. Advancements in technology have spurred innovation, leading to the introduction of new and improved infrared imaging solutions. Companies are launching products with enhanced features such as higher resolution, improved sensitivity, and advanced image processing capabilities. This trend reflects the growing demand for infrared imaging across various industries, including healthcare, defense, automotive, and surveillance. The continuous introduction of innovative products drives market progression and fosters competition in the industry.
For instance, in February 2024, LightPath Technologies, a global leader in proprietary optical and infrared technologies, unveiled a new camera leveraging its innovative Mantis architecture tailored for long-distance thermal imaging. This advanced system boasted high magnification specifications, utilizing LightPath's exclusive BlackDiamond infrared materials. Additionally, the camera offered color correction for a broad spectrum of wavelengths, spanning mid (MWIR) to long (LWIR) wave bands (2µm to 12µm).
Despite its growth, the Infrared Imaging Market encounters several restraints. Challenges include high initial costs associated with equipment procurement and installation, hindering adoption rates, particularly among small businesses. Additionally, regulatory restrictions on the export and import of infrared technology can impede market expansion, especially in regions with stringent trade regulations. Moreover, the complexity of integrating infrared imaging systems into existing infrastructure poses a significant barrier, requiring specialized expertise and resources. Addressing these restraints necessitates innovative solutions to promote market accessibility and expansion.
Infrared Imaging Market Trends
The industry is experiencing notable trends driven by the increasing adoption of infrared imaging technologies by leading scientific enterprises. With advancements in infrared imaging techniques, these enterprises are utilizing infrared technology to explore new frontiers in various scientific disciplines such as astronomy, environmental monitoring, and medical imaging. The use of infrared imaging enables researchers to uncover valuable insights and enhance understanding in their respective fields, driving innovation and shaping the future of scientific exploration. This trend underscores the growing importance of infrared imaging in advancing scientific knowledge and discovery.
To cite an instance, in January 2024, the Visible Infrared Imaging Radiometer Suite (VIIRS) instrument aboard the NASA/NOAA Suomi National Polar-orbiting Partnership (Suomi NPP) satellite captured an image of a unique auroral display over western Canada. While aurora photographs typically depict vibrant, colorful bands dancing across the night sky, this satellite view offered a fresh perspective, revealing a stunning auroral glow in low-light emissions. This remarkable observation showcased the capabilities of VIIRS in capturing natural phenomena with exceptional detail.
Infrared Imaging Market Analysis
Based on modality, the market is bifurcated into mounted and portable. The demand for mounted IR devices will hold a significant market share by 2032. The segment growth can be attributed to the rising technological advancements in mounted systems and the rapid adoption of these devices across hospitals and diagnostic centers. With the increasing emphasis on safety and security, in line with advancements in IR technology, the demand for mounted IR devices continues to rise.
By end-user, the infrared imaging market is categorized into diagnostic centers, research laboratories, specialty clinics, hospitals, and others (airports). The hospital segment will depict substantial gains by 2032, driven by the rising count of hospitals across the globe. The growing burden of chronic diseases and the surging investments in the development of healthcare infrastructure will also consolidate the segment development. With the growing emphasis on early disease detection and improved patient outcomes, the demand for infrared imaging in hospitals is on the rise.
North America infrared imaging market size is poised to expand at an exponential rate between 2024 and 2032. The enlargement can be accredited to the increasing prevalence of arthritis, breast cancer, and nerve-related issues. The region also fosters a significant number of research and development activities in medical technologies and life science, adding to the market development. Moreover, increasing investments in research and development further propel market outlook. As North America prioritizes safety, efficiency, and innovation, the demand for infrared imaging solutions continues to surge, driving market expansion in the region.
Infrared Imaging Market Share
Major companies operating in the infrared imaging industry competitive landscape include:
- Leica Microsystems
- InfraTec
- Stryker
- FLIR Systems
- Spectron IR
- Infrared Cameras
- Quest Medical Imaging
Infrared Imaging Industry News
In February 2024, the FLIR CM276 professional clamp meter featuring infrared imaging, direct current (DC) solar photovoltaic (PV) capabilities, and a visual camera tailored for electrical test and measurement tasks were unveiled by FLIR, a Teledyne Technologies company. The CM276 equipped electrical professionals with radiometric multispectral dynamic imaging (MSX) functionalities and Infrared Guided Measurement (IGM™). This innovative technology overlays visible camera details onto thermal images, facilitating safe inspections and hazard identification before any physical contact is initiated.