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Infrared Thermography Market Size

Report ID: GMI7086
Published Date: Oct 2023
Report Format: PDF

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Infrared Thermography Market Size

Infrared Thermography Market size was valued at over USD 400 million in 2022 and is estimated to register a CAGR of over 5.5% between 2023 and 2032. The increasing adoption of Non-Destructive Testing (NDT) methods is driving the market growth due to its ability to provide quick and accurate insights into the condition of materials & equipment without causing damage.

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Infrared thermography is a valuable NDT technique that utilizes thermal imaging to detect anomalies such as overheating electrical components, structural defects, or moisture intrusion. It is non-invasive, cost-effective & time-efficient, making it ideal for preventive maintenance and quality control in various industries such as manufacturing, construction & aerospace. As industries prioritize safety, efficiency & asset integrity, the demand for infrared thermography technology continues to rise.

For instance, in November 2022, Teledyne FLIR launched FLIR ONE Edge Pro, a wireless thermal-visible camera for mobile devices. Unlike previous models, the reimagined FLIR ONE Edge Pro does not need a physical connection to its companion mobile device, thus providing maximum thermal inspection flexibility.

Infrared Thermography Market Report Attributes
Report Attribute	Details
Base Year:	2022
Infrared Thermography Market Size in 2022:	USD 409.2 Million
Forecast Period:	2022 to 2032
Forecast Period 2022 to 2032 CAGR:	5.5%
2032 Value Projection:	USD 700 Million
Historical Data for:	2018 - 2022
No. of Pages:	220
Tables, Charts & Figures:	349
Segments covered:	Thermal Component, Mode, Application, End-use Industry, and Region
Growth Drivers:	Increasing adoption of non-destructive testing methods Growing emphasis on energy efficiency & sustainability of buildings Cost-effectiveness and time efficiency of infrared thermography Growing demand for smart buildings Rising demand for predictive maintenance
Pitfalls & Challenges:	Export restriction imposed on thermal imaging products High initial investment & training cost

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Export restrictions imposed on thermal imaging products including those used in infrared thermography are typically driven by national security concerns. These products have applications in military & defense technology, surveillance, and critical infrastructure protection. Governments aim to prevent sensitive technology from falling into the wrong hands, thereby safeguarding their military & national security. Export controls also address potential risks related to the misuse of thermal imaging technology in illicit activities. These restrictions help ensure responsible and secure use of these products; however, they can also impact international trade & innovation in the market, particularly for companies reliant on international sales.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The infrared thermography industry size was over USD 400 million in 2022 and is estimated to register over 5.5% CAGR between 2023 and 2032.

The scopes segment is estimated to register over 6% CAGR from 2023 to 2032 as it offers improved target detection capabilities, making it valuable in various applications including surveillance, security, and hunting.

Asia Pacific infrared thermography market share was over 80% in 2022 and will grow through 2032 owing to growing industrialization and infrastructure developments in nations such as China & India that have resulted in a significant need for non-contact temperature measuring and predictive maintenance solutions.

Fluke Corporation, Infrared Cameras Inc., InfraTec GmbH, Micro-Epsilon Messtechnik GmbH & Co. KG, Optris GmbH, Raytheon Technologies Corporation, and Teledyne FLIR LLC.