Product Code: ETC365484 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India infrared imaging market import shipments demonstrated a robust growth trend with a CAGR of 20.5% from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024, with a growth rate of 1.3%. Overall, the market expanded significantly over the period, indicating strong momentum and increasing demand.
The infrared imaging market size in India was valued at US$ 11 Mn by 2025 and is expected to grow rapidly over the forecast period due to high demand from medical applications such as cancer detection, ophthalmology diagnosis, and other skin issues diagnosis etc., Growing security & surveillance activities along with an increase use cases like temperature mapping are some key factors driving infrared imaging market growth over next seven years. Furthermore, technological advancements such as ultra low light cameras & laser illumination providing better visibility have accelerated its adoption rate around world wide especially among law enforcement agencies.
The India Infrared Imaging Market has experienced substantial growth owing to its wide-ranging applications across various industries, including surveillance, automotive, healthcare, and industrial automation. The technology`s ability to detect anomalies, identify energy inefficiencies, and enhance security has led to its widespread adoption. The increasing focus on automation, energy conservation, and predictive maintenance has further boosted market growth.
One significant challenge is the high cost of infrared imaging devices. Advanced infrared cameras and sensors can be expensive, restricting their adoption, especially among small and medium-sized enterprises. Cost reduction efforts and technological advancements will be crucial to make infrared imaging more accessible and widespread in India. Another challenge is the lack of awareness and education about the benefits of infrared imaging. Many businesses and industries may not fully understand the advantages of adopting infrared technology for temperature monitoring, predictive maintenance, or surveillance. Creating awareness and providing training and support to end-users are vital for the market`s long-term growth.
The COVID-19 pandemic impacted the market in multiple ways. On one hand, there was a surge in demand for thermal imaging cameras for temperature screening at public places and workplaces to detect potential COVID-19 cases. On the other hand, disruptions in the supply chain and manufacturing processes led to challenges in sourcing infrared imaging equipment. Despite the short-term setbacks, the market is projected to continue its growth trajectory, supported by the rising adoption of infrared imaging in surveillance, automation, and smart home applications.
Key players in the India Infrared Imaging Market include FLIR Systems Inc., Testo SE & Co. KGaA, and Danaher Corporation.