How Big Is the IR Camera Market | Trends & Insights 2031

Q: What is the forecast size for the IR camera industry by 2031?

The IR camera market is expected to cross USD 6.8 Billion by 2031.

Q: What is driving growth in the IR camera market?

Key growth drivers include increasing applications in surveillance, industrial inspections, and smart automation systems.

Q: What are the latest trends in the IR camera market?

Miniaturization, integration with AI, cost reduction, and adoption in consumer electronics are notable ongoing trends.

Q: Who are the major players in the IR camera market?

Key players include FLIR Systems, Fluke Corporation, Seek Thermal, L3Harris Technologies, and Axis Communications.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6487

Publication Date: Jul 2025

How Big Is the IR Camera Market?

According to 6Wresearch internal database and industry insights, the IR camera market was valued at USD 4.3 Billion in 2024 and is expected to exceed USD 6.8 Billion by 2031, growing at a CAGR of 6.85% during 2025–2031.

This growth is highly attributed to rising demand across industrial automation, defense, surveillance, automotive safety systems, and medical diagnostics. Technological improvements in thermal imaging sensors and decreasing camera costs are further propelling market adoption across emerging applications.

Key Growth Factors of the IR Camera Market

Growing use of thermal imaging for predictive maintenance and industrial inspections.
Increased defense and military surveillance spending globally.
Rapid surge in automotive applications, including night vision and driver assistance systems.
Increasing deployment in smart city projects for perimeter security and firefighting.
Growing healthcare usage in fever detection, diagnostics, and monitoring.
Advancements in uncooled infrared technology reducing product costs.

IR Camera Market Trends

The IR Camera Market has changed with integration and development of AI-based image processing improving detection speed and accuracy. Compact and wearable IR cameras are becoming more common in the medical and commercial sectors.

Adoption of dual-spectrum and multi-sensor cameras are increasing in the defense and firefighting sectors. Additionally, the adoption of cloud-connected IR devices and mobile-based IR camera modules is gaining traction in consumer electronics and the automotive sectors.

Emerging Developments in the IR Camera Market

The IR Camera Market is going through emerging developments such as the announcement of high-resolution microbolometers, integration with drones to conduct aerial thermal mapping, and increasing adoption of SWIR (short-wave infrared) technology in semiconductor and agricultural inspections. Manufacturers are also focusing on developing IR systems with enhanced cybersecurity for critical infrastructure and urban surveillance deployments.