Global Thermal Imaging Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Cooled and Uncooled.

By Wavelength;

Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR), and Long-Wave Infrared (LWIR).

By Product Type;

Thermal Cameras, Thermal Scopes, and Thermal Modules. .

By Vertical;

Industrial, Commercial, Residential, Aerospace & Defense, Automotive, Healthcare & Life Sciences, Oil & Gas and Food & Beverages.

By Application;

Security & Surveillance, Monitoring & Inspection, and Detection & Measurement

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn792809956 Published Date: May, 2025 Updated Date: June, 2025

Thermal Imaging Market Overview

Thermal Imaging Market (USD Million)

Thermal Imaging Market was valued at USD 4,265.21 million in the year 2024. The size of this market is expected to increase to USD 6,245.79 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.


Global Thermal Imaging Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.6 %
Market Size (2024)USD 4,265.21 Million
Market Size (2031)USD 6,245.79 Million
Market ConcentrationMedium
Report Pages304
4,265.21
2024
6,245.79
2031

Major Players

  • FLIR Systems, Inc.
  • Axis Communications AB
  • Leonardo S.p.A.
  • L3Harris Technologies, Inc.
  • BAE Systems plc
  • Teledyne FLIR LLC
  • Seek Thermal, Inc.
  • Testo SE & Co. KGaA
  • Opgal Optronic Industries Ltd.
  • Xenics NV

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Thermal Imaging Market

Fragmented - Highly competitive market without dominant players


The Thermal Imaging Market is growing rapidly, driven by its widespread application in surveillance, diagnostics, and industrial monitoring. Its ability to provide non-contact temperature detection has boosted adoption by more than 35% across diverse sectors. Demand for compact thermal solutions continues to grow, reflecting the rising importance of remote sensing and automated inspection tools.

Infrared Sensor Innovation Enhancing Performance
Advances in infrared sensor technology are significantly shaping the market, with improvements in sensitivity and image clarity. The adoption of microbolometer arrays and miniaturized designs has increased by nearly 28%, enabling cost-effective and efficient thermal detection. These innovations support real-time imaging in low-visibility environments, improving precision and usage versatility.

Healthcare Applications Boosting Adoption
Thermal imaging is seeing broader adoption in medical diagnostics, especially for fever detection, circulatory assessments, and muscular monitoring. With over 22% growth in this domain, the focus on non-invasive and real-time diagnostics is pushing the boundaries of thermal use in medical technologies. It plays a vital role in improving early diagnosis and treatment precision.

Emergence in Smart Automation and Industrial Use
With increasing incorporation into smart factories, vehicles, and building systems, thermal imaging usage has expanded by nearly 30%. These tools enable predictive maintenance and autonomous control, making them integral to modern IoT ecosystems. The market is also benefiting from adoption in machine vision and energy management systems.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Wavelength
    3. Market Snapshot, By Product Type
    4. Market Snapshot, By Vertical
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Thermal Imaging Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Increasing Applications
        3. Government Regulations
        4. Declining Costs
        5. Growing Awareness
      2. Restraints
        1. High Initial Costs
        2. Limited Resolution
        3. Regulatory Challenges
        4. Data Privacy Concerns
        5. Competition from Alternatives
      3. Opportunities
        1. Emerging Economies
        2. Healthcare Applications
        3. IoT Integration
        4. Military Modernization
        5. Automotive Safety
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Thermal Imaging Market, By Technology, 2021 - 2031 (USD Million)
      1. Cooled
      2. Uncooled
    2. Thermal Imaging Market, By Wavelength, 2021 - 2031 (USD Million)
      1. Short-Wave Infrared (SWIR)
      2. Mid-Wave Infrared (MWIR)
      3. Long-Wave Infrared (LWIR)
    3. Thermal Imaging Market, By Product Type, 2021 - 2031(USD Million)
      1. Thermal Cameras
      2. Thermal Scopes
      3. Thermal Modules
    4. Thermal Imaging Market, By Vertical, 2021 - 2031 (USD Million)
      1. Industrial
      2. Commercial
      3. Residential
      4. Aerospace & Defense
      5. Automotive
      6. Healthcare & Life Sciences
      7. Oil & Gas
      8. Food & Beverages
    5. Thermal Imaging Market, By Application, 2021 - 2031 (USD Million)

      1. Security & Surveillance

      2. Monitoring & Inspection

      3. Detection & Measurement

    6. Thermal Imaging Market, By Geography, 2021 - 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. FLIR Systems, Inc.
      2. Axis Communications AB
      3. Leonardo S.p.A.
      4. L3Harris Technologies, Inc.
      5. BAE Systems plc
      6. Teledyne FLIR LLC
      7. Seek Thermal, Inc.
      8. Testo SE & Co. KGaA
      9. Opgal Optronic Industries Ltd.
      10. Xenics NV
  7. Analyst Views
  8. Future Outlook of the Market