Product Code: PMRREP33424
Persistence Market Research has recently published an in-depth report on the global infrared thermography market. This report offers a comprehensive analysis of essential market dynamics, including drivers, trends, opportunities, and challenges, while providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global infrared thermography market from 2024 to 2031.
Key Insights:
- Infrared Thermography Market Size (2024E): US$455.58 Mn
- Projected Market Value (2031F): US$663.41 Mn
- Global Market Growth Rate (CAGR 2024 to 2031): 5.52%
Infrared Thermography Market - Report Scope:
The infrared thermography market encompasses the development and distribution of thermal imaging equipment used to detect temperature variations in objects and surfaces. Applications include predictive maintenance in manufacturing, electrical inspections, building diagnostics, and medical applications. The market is primarily driven by technological advancements in imaging systems and the increasing demand for non-destructive testing (NDT) methods.
Market Growth Drivers:
The infrared thermography market is propelled by several key factors, including the growing emphasis on predictive maintenance practices across various industries. The need to reduce downtime and improve operational efficiency has led to increased adoption of infrared thermography for condition monitoring. Additionally, the rising awareness of energy efficiency and safety standards is further driving market demand. The healthcare sector's expanding utilization of thermal imaging for diagnostics also significantly contributes to market growth.
Market Restraints:
Despite the promising growth prospects, the infrared thermography market faces challenges such as high initial equipment costs and the requirement for skilled personnel to operate thermal imaging systems effectively. Furthermore, the presence of alternative inspection technologies may hinder market growth. Addressing these challenges necessitates the development of cost-effective solutions and enhanced training programs to maximize the utility of infrared thermography in various applications.
Market Opportunities:
The infrared thermography market presents significant growth opportunities driven by trends such as increasing investment in automation and Industry 4.0 technologies. The growing focus on predictive analytics and IoT integration in industrial settings creates a conducive environment for the adoption of thermal imaging solutions. Additionally, advancements in camera technology, including enhanced resolution and portability, are expected to broaden the application scope of infrared thermography. Strategic partnerships and collaborations with technology providers and end-users can further leverage these emerging opportunities.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the infrared thermography market globally?
- Which applications and sectors are experiencing the highest demand for infrared thermography solutions?
- How are technological advancements influencing the competitive landscape of the infrared thermography market?
- Who are the key players in the infrared thermography market, and what strategies are they employing to maintain market relevance?
- What emerging trends and future prospects exist in the global infrared thermography market?
Competitive Intelligence and Business Strategy:
Leading players in the global infrared thermography market, including Fluke Corporation, FLIR Systems, and Testo SE & Co. KGaA, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in research and development to create advanced thermal imaging solutions that meet the evolving needs of various industries. Collaborations with industrial firms, construction contractors, and healthcare providers facilitate market access and technology adoption. Additionally, an emphasis on sustainability initiatives and enhancing energy efficiency aligns with global environmental goals and further drives market growth.
Key Companies Profiled:
- FLIR Systems
- Jenoptik AG
- Fluke Corporation
- SKF AB
- Keysight Technologies, Inc.
- Testo AG
- Reytek Corporation
- Optris GmbH
- R. Stahl Cameras Systems
- Opgal Optronic Industries, Ltd.
- Finmeccanica S.p.A.
- BAE Systems
- L-3 Communications
- Infratec GmbH
- Raytheon Company
Market Segmentation
By Technology
- Active IR Thermography
- Passive IR Thermography
By Subsector
- Commercial
- Residential
- Defence
By Thermometer Type
- Spot Infrared Thermometer
- Infrared Scanner Systems
- Infrared Thermal Imaging Cameras
By Application
- Transportation
- Unmanned Systems
- Building Technology
By Region
- North America
- Latin America
- Europe
- South Asia & Oceania
- East Asia
- The Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Infrared Thermography Snapshot, 2024-2031
- 1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Other Macro-economic Factors
- 2.4. COVID-19 Impact Analysis
- 2.5. Forecast Factors - Relevance and Impact
- 2.6. Regulatory Landscape
- 2.7. Value Chain Analysis
- 2.7.1. List of Raw Materials Suppliers
- 2.7.2. List of Product Manufacturers
- 2.7.3. List of Product Distributors
- 2.7.4. List of End Users
- 2.8. PESTLE Analysis
- 2.9. Porter's Five Force Analysis
3. Price Trend Analysis, 2019-2031
- 3.1. Key Highlights
- 3.2. Key Factors Impacting Product Prices
- 3.3. Pricing Analysis, By Application
- 3.4. Regional Prices and Historical and Future Growth Trends
4. Global Infrared Thermography Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 4.1. Key Highlights
- 4.1.1. Market Volume (Units) Projections
- 4.1.2. Market Size (US$ Mn) and Y-o-Y Growth
- 4.1.3. Absolute $ Opportunity
- 4.2. Market Size (US$ Mn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Mn) Analysis, 2019-2023
- 4.2.2. Current Market Size (US$ Mn) Analysis and Forecast, 2024-2031
- 4.3. Global Infrared Thermography Outlook: Application
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Application, 2019-2023
- 4.3.3. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Application, 2024-2031
- 4.3.3.1. Night Vision
- 4.3.3.2. Security and Surveillance
- 4.3.3.3. Energy Auditing
- 4.3.3.4. HVAC System Inspection
- 4.3.3.5. Electrical System Inspection
- 4.3.3.6. Insulation Inspection
- 4.3.3.7. Structural Analysis
- 4.3.3.8. Fire/Flare Detection
- 4.3.3.9. Others
- 4.4. Market Attractiveness Analysis: Application
- 4.5. Global Infrared Thermography Outlook: Thermal Component
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Mn) Analysis, By Thermal Component, 2019-2023
- 4.5.3. Current Market Size (US$ Mn) Analysis and Forecast, By Thermal Component, 2024-2031
- 4.5.3.1. Cameras
- 4.5.3.2. Scopes
- 4.5.3.3. Modules
- 4.6. Market Attractiveness Analysis: Thermal Component
- 4.7. Global Infrared Thermography Outlook: End Use
- 4.7.1. Introduction / Key Findings
- 4.7.2. Historical Market Size (US$ Mn) Analysis, By End Use, 2019-2023
- 4.7.3. Current Market Size (US$ Mn) Analysis and Forecast, By End Use, 2024-2031
- 4.7.3.1. Commercial
- 4.7.3.2. Industrial
- 4.7.3.3. Residential
- 4.8. Market Attractiveness Analysis: End Use
- 4.9. Global Infrared Thermography Outlook: Technology
- 4.9.1. Introduction / Key Findings
- 4.9.2. Historical Market Size (US$ Mn) Analysis, By Technology, 2019-2023
- 4.9.3. Current Market Size (US$ Mn) Analysis and Forecast, By Technology, 2024-2031
- 4.9.3.1. Active IR Thermography
- 4.9.3.2. Passive IR Thermography
- 4.10. Market Attractiveness Analysis: Technology
5. Global Infrared Thermography Outlook: Region
- 5.1. Key Highlights
- 5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Region, 2019-2023
- 5.3. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Region, 2024-2031
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
- 5.4. Market Attractiveness Analysis: Region
6. North America Infrared Thermography Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Application
- 6.3.3. By Thermal Component
- 6.3.4. By End Use
- 6.3.5. By Technology
- 6.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Application, 2024-2031
- 6.5.1. Night Vision
- 6.5.2. Security and Surveillance
- 6.5.3. Energy Auditing
- 6.5.4. HVAC System Inspection
- 6.5.5. Electrical System Inspection
- 6.5.6. Insulation Inspection
- 6.5.7. Structural Analysis
- 6.5.8. Fire/Flare Detection
- 6.5.9. Others
- 6.6. Current Market Size (US$ Mn) Analysis and Forecast, By Thermal Component, 2024-2031
- 6.6.1. Cameras
- 6.6.2. Scopes
- 6.6.3. Modules
- 6.7. Current Market Size (US$ Mn) Analysis and Forecast, By End Use, 2024-2031
- 6.7.1. Commercial
- 6.7.2. Industrial
- 6.7.3. Residential
- 6.8. Current Market Size (US$ Mn) Analysis and Forecast, By Technology, 2024-2031
- 6.8.1. Active IR Thermography
- 6.8.2. Passive IR Thermography
- 6.9. Market Attractiveness Analysis
7. Europe Infrared Thermography Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Application
- 7.3.3. By Thermal Component
- 7.3.4. By End Use
- 7.3.5. By Technology
- 7.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Turkey
- 7.4.8. Rest of Europe
- 7.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Application, 2024-2031
- 7.5.1. Night Vision
- 7.5.2. Security and Surveillance
- 7.5.3. Energy Auditing
- 7.5.4. HVAC System Inspection
- 7.5.5. Electrical System Inspection
- 7.5.6. Insulation Inspection
- 7.5.7. Structural Analysis
- 7.5.8. Fire/Flare Detection
- 7.5.9. Others
- 7.6. Current Market Size (US$ Mn) Analysis and Forecast, By Thermal Component, 2024-2031
- 7.6.1. Cameras
- 7.6.2. Scopes
- 7.6.3. Modules
- 7.7. Current Market Size (US$ Mn) Analysis and Forecast, By End Use, 2024-2031
- 7.7.1. Commercial
- 7.7.2. Industrial
- 7.7.3. Residential
- 7.8. Current Market Size (US$ Mn) Analysis and Forecast, By Technology, 2024-2031
- 7.8.1. Active IR Thermography
- 7.8.2. Passive IR Thermography
- 7.9. Market Attractiveness Analysis
8. East Asia Infrared Thermography Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Application
- 8.3.3. By Thermal Component
- 8.3.4. By End Use
- 8.3.5. By Technology
- 8.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
- 8.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Application, 2024-2031
- 8.5.1. Night Vision
- 8.5.2. Security and Surveillance
- 8.5.3. Energy Auditing
- 8.5.4. HVAC System Inspection
- 8.5.5. Electrical System Inspection
- 8.5.6. Insulation Inspection
- 8.5.7. Structural Analysis
- 8.5.8. Fire/Flare Detection
- 8.5.9. Others
- 8.6. Current Market Size (US$ Mn) Analysis and Forecast, By Thermal Component, 2024-2031
- 8.6.1. Cameras
- 8.6.2. Scopes
- 8.6.3. Modules
- 8.7. Current Market Size (US$ Mn) Analysis and Forecast, By End Use, 2024-2031
- 8.7.1. Commercial
- 8.7.2. Industrial
- 8.7.3. Residential
- 8.8. Current Market Size (US$ Mn) Analysis and Forecast, By Technology, 2024-2031
- 8.8.1. Active IR Thermography
- 8.8.2. Passive IR Thermography
- 8.9. Market Attractiveness Analysis
9. South Asia & Oceania Infrared Thermography Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Application
- 9.3.3. By Thermal Component
- 9.3.4. By End Use
- 9.3.5. By Technology
- 9.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. ANZ
- 9.4.4. Rest of South Asia & Oceania
- 9.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Application, 2024-2031
- 9.5.1. Night Vision
- 9.5.2. Security and Surveillance
- 9.5.3. Energy Auditing
- 9.5.4. HVAC System Inspection
- 9.5.5. Electrical System Inspection
- 9.5.6. Insulation Inspection
- 9.5.7. Structural Analysis
- 9.5.8. Fire/Flare Detection
- 9.5.9. Others
- 9.6. Current Market Size (US$ Mn) Analysis and Forecast, By Thermal Component, 2024-2031
- 9.6.1. Cameras
- 9.6.2. Scopes
- 9.6.3. Modules
- 9.7. Current Market Size (US$ Mn) Analysis and Forecast, By End Use, 2024-2031
- 9.7.1. Commercial
- 9.7.2. Industrial
- 9.7.3. Residential
- 9.8. Current Market Size (US$ Mn) Analysis and Forecast, By Technology, 2024-2031
- 9.8.1. Active IR Thermography
- 9.8.2. Passive IR Thermography
- 9.9. Market Attractiveness Analysis
10. Latin America Infrared Thermography Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Application
- 10.3.3. By Thermal Component
- 10.3.4. By End Use
- 10.3.5. By Technology
- 10.4. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Application, 2024-2031
- 10.4.1. Night Vision
- 10.4.2. Security and Surveillance
- 10.4.3. Energy Auditing
- 10.4.4. HVAC System Inspection
- 10.4.5. Electrical System Inspection
- 10.4.6. Insulation Inspection
- 10.4.7. Structural Analysis
- 10.4.8. Fire/Flare Detection
- 10.4.9. Others
- 10.5. Current Market Size (US$ Mn) Analysis and Forecast, By Thermal Component, 2024-2031
- 10.5.1. Cameras
- 10.5.2. Scopes
- 10.5.3. Modules
- 10.6. Current Market Size (US$ Mn) Analysis and Forecast, By End Use, 2024-2031
- 10.6.1. Commercial
- 10.6.2. Industrial
- 10.6.3. Residential
- 10.7. Current Market Size (US$ Mn) Analysis and Forecast, By Technology, 2024-2031
- 10.7.1. Active IR Thermography
- 10.7.2. Passive IR Thermography
- 10.8. Market Attractiveness Analysis
11. Middle East & Africa Infrared Thermography Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Application
- 11.3.3. By Thermal Component
- 11.3.4. By End Use
- 11.3.5. By Technology
- 11.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. GCC Countries
- 11.4.2. Egypt
- 11.4.3. South Africa
- 11.4.4. Northern Africa
- 11.4.5. Rest of Middle East & Africa
- 11.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Application, 2024-2031
- 11.5.1. Night Vision
- 11.5.2. Security and Surveillance
- 11.5.3. Energy Auditing
- 11.5.4. HVAC System Inspection
- 11.5.5. Electrical System Inspection
- 11.5.6. Insulation Inspection
- 11.5.7. Structural Analysis
- 11.5.8. Fire/Flare Detection
- 11.5.9. Others
- 11.6. Current Market Size (US$ Mn) Analysis and Forecast, By Thermal Component, 2024-2031
- 11.6.1. Cameras
- 11.6.2. Scopes
- 11.6.3. Modules
- 11.7. Current Market Size (US$ Mn) Analysis and Forecast, By End Use, 2024-2031
- 11.7.1. Commercial
- 11.7.2. Industrial
- 11.7.3. Residential
- 11.8. Current Market Size (US$ Mn) Analysis and Forecast, By Technology, 2024-2031
- 11.8.1. Active IR Thermography
- 11.8.2. Passive IR Thermography
- 11.9. Market Attractiveness Analysis
12. Competition Landscape
- 12.1. Market Share Analysis, 2024
- 12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Company
- 12.2.2. Competition Dashboard
- 12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. FLIR Systems
- 12.3.1.1. Overview
- 12.3.1.2. Segments and Products
- 12.3.1.3. Key Financials
- 12.3.1.4. Market Developments
- 12.3.1.5. Market Strategy
- 12.3.2. Jenoptik AG
- 12.3.3. Fluke Corporation
- 12.3.4. SKF AB
- 12.3.5. Keysight Technologies, Inc.
- 12.3.6. Testo AG
- 12.3.7. Reytek Corporation
- 12.3.8. Optris GmbH
- 12.3.9. R. Stahl Cameras Systems
- 12.3.10. Opgal Optronic Industries, Ltd.
- 12.3.11. Finmeccanica S.p.A.
- 12.3.12. BAE Systems
- 12.3.13. L-3 Communications
- 12.3.14. Infratec GmbH
- 12.3.15. Raytheon Company.
13. Appendix
- 13.1. Research Methodology
- 13.2. Research Assumptions
- 13.3. Acronyms and Abbreviations