According to a research report released by the global research organization Marketsand Markets***, the global infrared thermal imaging market in 2020 will be 5.8 billion U.S. dollars, and by 2025, the market will grow to 8.3 billion U.S. dollars. During the forecast period (2020--2025) The compound annual growth rate is 7.6%.
The report believes that the infrared thermal imaging market has achieved significant growth in the past few years, mainly due to the widespread application of infrared thermal imaging related solutions in the industrial vertical field, especially in the security field. The report also pointed out that the growing demand for infrared thermal imaging cameras in the Asia-Pacific region to absorb the popularity of SWIR (short-wave infrared) cameras is also expected to greatly promote the development of the infrared imaging market in the next few years.
The COVID-19 pandemic is expected to have a negative impact on the growth of the infrared imaging market in the short term. However, we must also see that in recent months, products based on infrared thermal imaging technology have been widely adopted in body temperature measurement, and many infrared thermal imaging companies have also launched products for this application.
Driving factor: Infrared thermal imaging products are highly adopted in security applications
Because infrared thermal imaging technology has the ability to image all-weather super night vision, it can achieve clear imaging in harsh environments such as smoke, rain, snow, haze, and dark night. Therefore, infrared thermal imaging cameras have been widely used in security applications. It is especially suitable for military and national defense vertical fields, to monitor the movement of people/objects; and to detect chemical, biological, radiological and nuclear defense (CBRNE). Based on this, many infrared imaging thermal imaging companies have obtained contracts for the development or supply of infrared products used in the military and defense vertical fields.
At the same time, infrared thermal imaging cameras are also widely used for security purposes in industrial and commercial buildings. Infrared thermal imaging cameras with non-contact temperature measurement are used in transportation places such as airports and subways to avoid the risk of cross-infection. Save manpower.
Significant growth in the infrared thermal imaging market in the Asia-Pacific region
The infrared thermal imaging market has shown significant growth in the Asia-Pacific region (especially in emerging markets). The region has invested a lot of funds and government incentives for the modernization of the military and national defense departments, which is also one of the main application areas of infrared thermal imaging equipment. At the same time, the demand for infrared thermal imaging systems
It also continues to grow in various industrial fields in the Asia-Pacific region, such as electronics, semiconductors and automobiles, which is expected to promote the growth of the infrared imaging market in the Asia-Pacific region.