How big is the IR Camera Market?

The IR Camera Market size is expected to reach USD 9.22 billion in 2024 and grow at a CAGR of 7.80% to reach USD 13.42 billion by 2029. Read More

What is the current IR Camera Market size?

In 2024, the IR Camera Market size is expected to reach USD 9.22 billion. Read More

Which is the fastest growing region in IR Camera Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in IR Camera Market?

In 2024, the Asia Pacific accounts for the largest market share in IR Camera Market. Read More

What years does this IR Camera Market cover, and what was the market size in 2023?

In 2023, the IR Camera Market size was estimated at USD 8.50 billion. The report covers the IR Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the IR Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

IR Camera Market - Share, Size & Forecast

IR Camera Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The IR (Infrared) Camera Market Report is Segmented by Detector (Cooled and Uncooled), by Material (Germanium, Silicon, Sapphire, and Other Materials), by Type (Near and Short-Wavelength IR, Medium-Wavelength IR, and Long-Wavelength IR), by End-User Vertical (Military and Defense, Automotive, Industrial, Commercial & Public, Residential, and Other End-User Verticals), and by Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

IR Camera Industry Overview

The IR camera market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are Teledyne FLIR LLC (Teledyne Technologies), SPI Corp., OPGAL Optronic Industries Ltd (Elbit Systems), Raytheon Company, and Seek Thermal Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

January 2024 - Valeo and Teledyne FLIR, a subsidiary of Teledyne Technologies Incorporated, have joined forces in a strategic collaboration. They aim to introduce thermal imaging technology to the automotive sector to bolster road safety. The collaboration has already yielded a major contract with a prominent global automotive OEM in late 2023. Under this contract, the companies will provide cutting-edge thermal imaging cameras as a key component of an advanced driver-assist system (ADAS). This technology promises to be a game-changer for vehicle and road safety.
January 2024 - Raytheon has recently disclosed that they have been awarded a contract worth USD 154 million to supply the US Army with Commander's Independent Viewer (CIV) systems. These systems will be used to enhance the capabilities of the Army's Bradley Fighting Vehicles. The CIV system incorporates advanced electro-optical/infrared sight technology, including second-generation forward-looking infrared (FLIR) cameras and sensors. With these cutting-edge features, the Bradley Fighting Vehicle will gain a comprehensive 360-degree view of the battlefield and improved targeting capabilities. It is worth noting that military forces have successfully utilized Raytheon's FLIR technology for over fifty years.