Infrared Thermography Market Sees Through the Surface as Growth Heats Up: Projected to Reach US$ 115 Billion by 2032: Persistence Market Research

The global infrared thermography market is experiencing a surge in growth, fueled by advancements in technology, rising awareness of its benefits, and expanding applications across various industries

New York, Jan. 11, 2024 (GLOBE NEWSWIRE) -- A recently released Infrared Thermography Market analysis report reveals that global sales in the market in 2022 were held at US$ 57.6 million. With a 6% projected CAGR from 2022 to 2032, the market is expected to hit a valuation of US$ 115 billion by the end of the forecast period (2022 to 2032). The infrared thermography market has experienced significant growth, driven by advancements in technology and an increasing awareness of the benefits of thermal imaging across various industries. Infrared thermography involves the use of infrared cameras to capture and analyze thermal patterns, enabling non-contact temperature measurements and identification of anomalies. This technology finds applications in sectors such as building diagnostics, industrial maintenance, healthcare, and electrical inspections.

One of the key drivers for the growth of the infrared thermography market is its wide range of applications. In the industrial sector, thermography is used for preventive maintenance, helping detect potential equipment failures before they lead to costly breakdowns. In building diagnostics, infrared thermography is employed to identify insulation issues, water leaks, and energy inefficiencies.

The healthcare industry has also embraced infrared thermography for applications such as fever screening, where it provides a non-invasive method for detecting elevated body temperatures. The ongoing COVID-19 pandemic has further accelerated the adoption of infrared thermography for temperature screening in public spaces.

As technology continues to advance, portable and user-friendly infrared cameras have become more accessible, expanding the market reach. Additionally, the integration of infrared imaging with other technologies, such as artificial intelligence and machine learning, enhances the capabilities of thermographic systems, enabling automated analysis and real-time decision-making.

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Market Scope:

 Report Coverage Details
 Market Revenue  2022 US$ 57.6 Million
 Estimated Revenue 2032 US$ 115 Billion
 Growth Rate - CAGR 6% 
 Forecast Period 2022-2032
 No. of Pages 250 Pages
 Market Segmentation By Technology, By Subsector, By Application, By Infrared Thermometers Type, By Region
 Regions Covered North America, Latin America, Europe, Asia Pacific, Middle East and Africa
 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 and Raytheon Company.

Driving Forces Behind the Surge

Several factors are fueling strong growth in the global infrared thermography market. A major driver is surging adoption of IR thermography for predictive maintenance. IR thermal imaging allows early detection of abnormal heat patterns in equipment, enabling proactive repair before failures occur. This prevents costly downtime and boosts efficiency across sectors like manufacturing, oil and gas, and power.

Another growth driver is rising demand from building inspection applications. IR cameras can quickly scan for energy leaks, moisture intrusion, and insulation deficiencies. With growing focus on energy efficiency and building safety, IR thermography is becoming an essential tool for building inspectors and contractors. Rapid urbanization in emerging economies is further propelling demand.

IR thermography also sees strong uptake for medical applications like fever screening and breast cancer detection. With COVID-19 in particular, IR-based temperature screening systems became widely adopted worldwide. This drove significant demand and exposed the technology to many first-time buyers. Medical applications will continue fueling sales growth.

In a nutshell, the Persistence Market Research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the report at –

Market Projections and Growth Dynamics

The infrared thermography market has been witnessing robust growth, driven by technological advancements, increasing awareness about preventive maintenance, and a growing demand for non-contact temperature measurement solutions. Infrared thermography, also known as thermal imaging, allows for the detection of temperature variations in a given area, making it invaluable in various industries.

One of the key growth drivers for the infrared thermography market is its widespread application in sectors such as building diagnostics, industrial inspections, healthcare, and military and defense. The ability of infrared thermography to identify anomalies, defects, or potential issues in equipment and structures by visualizing temperature differences has led to its adoption for predictive maintenance and quality control.

The market is expected to experience further expansion due to the rising emphasis on energy efficiency and sustainability across industries. Infrared thermography is instrumental in identifying energy loss in buildings, industrial processes, and electrical systems, contributing to cost savings and reduced environmental impact. As governments and businesses prioritize energy conservation, the demand for infrared thermography solutions is likely to increase.

Furthermore, advancements in technology, such as the integration of infrared cameras with other sensors and data analytics tools, enhance the capabilities of infrared thermography systems. This integration allows for more comprehensive and accurate analysis of thermal data, opening up new possibilities for applications in research, development, and process optimization.

While the market shows significant growth potential, challenges such as the high initial cost of infrared cameras and the need for skilled personnel to interpret thermal images may impact widespread adoption. However, ongoing efforts to develop cost-effective solutions and provide training programs are expected to address these challenges over time.

Challenges and Opportunities:

The Infrared Thermography market, while experiencing significant growth, faces certain challenges that warrant attention. One prominent challenge is the high initial cost associated with infrared thermography equipment. The sophisticated nature of these devices, coupled with the need for specialized training for operators, can contribute to a substantial financial barrier for adoption, especially for small and medium-sized enterprises. Additionally, concerns related to accuracy and interpretation of infrared data pose challenges. Users need to be adequately trained to interpret thermal images correctly, ensuring that anomalies are accurately identified and addressed.

Moreover, regulatory standards and compliance can impact the widespread adoption of infrared thermography. Industries such as healthcare, energy, and manufacturing may face stringent regulations, requiring businesses to invest in compliant and certified equipment. Keeping up with evolving standards and ensuring adherence becomes crucial for market players.

Opportunities for Infrared Thermography Market:

On the flip side, the Infrared Thermography market presents several opportunities for growth and expansion. The increasing emphasis on preventive maintenance across industries is a significant opportunity. Infrared thermography is an invaluable tool for predictive maintenance, enabling the identification of potential equipment failures before they occur. As industries prioritize efficiency and downtime reduction, the demand for infrared thermography in predictive maintenance applications is likely to rise.

The growing awareness of the benefits of non-destructive testing (NDT) methods provides another avenue for market growth. Infrared thermography's non-invasive nature makes it an attractive choice for inspecting structures and systems without causing damage. This is particularly relevant in sectors such as building diagnostics, where infrared thermography aids in identifying energy inefficiencies, water leaks, and structural issues.

Furthermore, technological advancements offer opportunities for market players to differentiate themselves. Innovations in infrared sensors, image processing algorithms, and the integration of artificial intelligence can enhance the capabilities of infrared thermography systems, making them more user-friendly and accurate. The expansion of applications into emerging sectors, such as autonomous vehicles and smart cities, also presents new markets for infrared thermography technology.

Top 7 Key Trends in the Infrared Thermography Market:

  1. Rise in Demand for Predictive Maintenance: One of the key trends in the Infrared Thermography market is the increasing adoption of infrared imaging for predictive maintenance purposes. Industries across sectors such as manufacturing, energy, and utilities are leveraging infrared thermography to identify potential equipment failures and address issues before they lead to costly downtime. This proactive approach to maintenance helps improve overall operational efficiency.
  2. Integration of Artificial Intelligence (AI) and Machine Learning (ML): The integration of AI and ML technologies is transforming the Infrared Thermography market. Advanced image processing algorithms, powered by machine learning, enhance the accuracy of anomaly detection in thermal images. This trend not only improves the efficiency of fault detection but also enables the automation of data analysis, making infrared thermography more accessible to a wider range of users.
  3. Expansion of Applications in Building Diagnostics: Infrared thermography is increasingly being employed in building diagnostics for energy efficiency assessments, water leak detection, and structural analysis. The technology aids in identifying insulation gaps, air leaks, and other issues that impact the overall performance of buildings. This trend aligns with the growing emphasis on sustainability and energy conservation in the construction industry.
  4. Non-Destructive Testing (NDT) Advancements: Infrared thermography plays a crucial role in non-destructive testing (NDT). The market is witnessing advancements in NDT methodologies, with infrared thermography being a preferred choice for inspecting materials and structures without causing damage. This trend is particularly significant in industries such as aerospace, automotive, and civil engineering.
  5. Technological Advancements in Infrared Sensors: Ongoing technological advancements in infrared sensors contribute to improved performance and reliability of infrared thermography systems. Enhanced sensor technologies enable higher resolution imaging, better sensitivity, and the ability to capture detailed thermal data. These advancements cater to the demand for more precise and accurate thermal inspections.
  6. Emergence of Portable and Handheld Devices: The market is experiencing a shift towards portable and handheld infrared thermography devices. These compact and user-friendly tools are gaining popularity for on-the-go inspections, especially in industries where mobility and quick assessments are crucial. The portability of these devices enhances their versatility and applicability across various sectors.
  7. Increasing Adoption in Emerging Industries: Infrared thermography is finding increased adoption in emerging industries such as autonomous vehicles, smart cities, and healthcare. In the automotive sector, for instance, it is utilized for thermal testing and monitoring of components. The application of infrared thermography in smart city infrastructure for efficient energy management and surveillance is also on the rise.

Future Prospects and Innovations:

The infrared thermography market is poised for strong growth in the coming years driven by new product innovations and emerging use cases. One exciting prospect is the proliferation of low-cost, smartphone integrated IR cameras. Advances in microbolometer sensors and lens technology will enable mainstream adoption of IR thermal sensing in consumer devices. This opens possibilities for applications like home inspection, DIY maintenance, and health monitoring.

Another prospect is advancing on-chip IR thermography for complex systems. Integrating micro-scale IR detectors directly into semiconductors and electronics could allow for thermal mapping and diagnostics. Startups are developing IR-on-a-chip solutions to provide this unique embedded monitoring capability.

AI-enhanced software and analytics will also drive new use cases for IR thermography data. Algorithms can help translate IR images into actionable insights for predictive maintenance, early disease detection, and other applications. This will expand utility beyond simple temperature measurement.

New form factors like lightweight drones and flexible skins will take IR scanning to new spaces. Drone-based thermography enables rapid outdoor inspection of infrastructure over large areas. Flexible IR sensor patches allow thermal mapping across curved surfaces for research.

Key Players in the Infrared Thermography Market:

  • FLIR Systems, Inc.: FLIR Systems is a well-known provider of thermal imaging solutions, including infrared cameras and thermography equipment, serving various industries such as defense, industrial, and healthcare.
  • FLUKE Corporation: FLUKE Corporation is a leading manufacturer of electronic test and measurement tools, and they offer a range of infrared thermography solutions for preventive maintenance and reliability.
  • Testo SE & Co. KGaA: Testo is a global provider of measurement technology and offers infrared thermography solutions for applications ranging from building diagnostics to industrial maintenance.
  • Infratec GmbH (A Part of Jenoptik Group): Infratec specializes in infrared sensor technologies and thermal imaging solutions, catering to industrial and scientific applications.
  • NEC Avio Infrared Technologies Co., Ltd.: NEC Avio Infrared Technologies is involved in the development and manufacturing of infrared cameras and thermography systems for applications such as research and development, as well as industrial inspections.
  • Honeywell International Inc.: Honeywell offers a diverse range of products and services, including thermal imaging solutions for industrial applications, building automation, and firefighting.
  • Seek Thermal, Inc.: Seek Thermal is known for its compact and affordable thermal imaging devices, including thermal cameras that can be used with smartphones for various applications.

Key Questions in the Report on Infrared Thermography Market :

  • What is infrared thermography, and how does it differ from traditional temperature measurement methods?
  • What are the primary applications of infrared thermography across different industries?
  • How do infrared thermography cameras work, and what are the key components of a thermal imaging system?
  • What advantages does infrared thermography offer in terms of preventive maintenance and condition monitoring?
  • In which industries is infrared thermography commonly used for detecting anomalies or inefficiencies?

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