The Cooled IR Camera Market is expected to register a CAGR of 6.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Technology (Indium Antimonide, Mercury Cadmium Telluride); End-User (Defense and Military, Industrial, Commercial Surveillance, Automotive, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Cooled IR Camera Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cooled IR Camera Market Segmentation
Technology- Indium Antimonide
- Mercury Cadmium Telluride
- Defense and Military
- Industrial
- Commercial Surveillance
- Automotive
Strategic Insights
Cooled IR Camera Market Growth Drivers- Technological Advancements: Rapid advancements in infrared imaging technology are one of the key drivers of the cooled IR camera market. Cooled infrared cameras provide greater sensitivity and higher resolution than uncooled IR cameras, and thus they are preferred in applications where high accuracy is required, such as military surveillance, industrial inspections, and scientific research. Better cryogenic cooling technologies and advancements in detector materials like indium antimonide (InSb) and mercury-cadmium-telluride (MCT) have significantly improved the performance of cooled IR cameras while making it cost-effective.
- Rising Demand in Defense and Security: Defense and security is among the leading areas that lead to increased demand for the cooled infrared cameras. It plays a critical role in night vision, border security, surveillance, and threat detection. The cooled IR cameras provide better image quality in low light conditions and thus are quite essential for military operations and other law enforcement activities. An increase in the demand for border control, surveillance of remote areas, and high-profile events' security would also increase the demand for cooled IR cameras.
- Miniaturization of Cooled Infrared Cameras: One of the significant trends in the cooled IR camera market is miniaturization. Cooled IR cameras are becoming smaller and more portable while maintaining performance as technology advances. This trend will enable their use in many more applications, including handheld devices for fieldwork in defense, emergency response, and industrial inspections. As size decreases and performance improves, the versatility of cooled IR cameras will increase, opening up new market opportunities.
- Compact Design and Enhanced Performance: The cooled infrared (IR) camera market is expected to see growth through advancements in sensor miniaturization, cost reduction, and enhanced thermal imaging performance. These improvements will make cooled IR cameras more affordable and accessible for a wider range of applications, such as automotive night vision, industrial inspections, and security surveillance. As performance increases, these cameras will provide more precise thermal imaging, even in challenging environments, driving their adoption across various sectors that require high-quality infrared sensing.
- Industrial and Commercial Applications: The industrial sector is also a major driver, especially in applications such as predictive maintenance, quality control, and non-destructive testing. Cooled IR cameras are used in detecting heat patterns and faults in electrical circuits, machinery, and infrastructure, allowing companies to prevent costly downtime and ensure operational efficiency. In commercial settings, applications in energy audits, building inspections, and HVAC diagnostics also contribute to market growth.
- Growth in Emerging Markets: The cooled IR camera market has substantial growth opportunities in the emerging economies of Asia-Pacific and Latin America. Industrialization, urbanization, and defense spending continue to increase in these regions, which will be expected to raise the demand for advanced infrared technology. Renewable energy interest in solar and wind energy is also creating a demand for thermal imaging in maintaining and optimizing the system. All of these regions are also observing increases in commercial applications such as smart buildings, which drive a requirement for energy efficiency solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cooled IR Camera Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cooled IR Camera Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Miniaturization of Cooled Infrared Cameras is anticipated to play a significant role in the global cooled IR camera market in the coming years
The major factors driving the cooled IR camera market are:
1. Technological Advancements
2. Rising Demand in Defense and Security
The global cooled IR camera market is expected to grow at a CAGR of 6.2% during the forecast period 2024 - 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cooled IR Camera Market - By Technology
1.3.2 Cooled IR Camera Market - By End-User
1.3.3 Cooled IR Camera Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COOLED IR CAMERA MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. COOLED IR CAMERA MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. COOLED IR CAMERA MARKET - GLOBAL MARKET ANALYSIS
6.1. COOLED IR CAMERA - GLOBAL MARKET OVERVIEW
6.2. COOLED IR CAMERA - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. COOLED IR CAMERA MARKET - REVENUE AND FORECASTS TO 2027 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. INDIUM ANTIMONIDE
7.3.1. Overview
7.3.2. Indium Antimonide Market Forecast and Analysis
7.4. MERCURY CADMIUM TELLURIDE
7.4.1. Overview
7.4.2. Mercury Cadmium Telluride Market Forecast and Analysis
8. COOLED IR CAMERA MARKET - REVENUE AND FORECASTS TO 2027 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. DEFENSE AND MILITARY
8.3.1. Overview
8.3.2. Defense and Military Market Forecast and Analysis
8.4. INDUSTRIAL
8.4.1. Overview
8.4.2. Industrial Market Forecast and Analysis
8.5. COMMERCIAL SURVEILLANCE
8.5.1. Overview
8.5.2. Commercial Surveillance Market Forecast and Analysis
8.6. AUTOMOTIVE
8.6.1. Overview
8.6.2. Automotive Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. COOLED IR CAMERA MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cooled IR Camera Market Overview
9.1.2 North America Cooled IR Camera Market Forecasts and Analysis
9.1.3 North America Cooled IR Camera Market Forecasts and Analysis - By Technology
9.1.4 North America Cooled IR Camera Market Forecasts and Analysis - By End-User
9.1.5 North America Cooled IR Camera Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cooled IR Camera Market
9.1.5.1.1 United States Cooled IR Camera Market by Technology
9.1.5.1.2 United States Cooled IR Camera Market by End-User
9.1.5.2 Canada Cooled IR Camera Market
9.1.5.2.1 Canada Cooled IR Camera Market by Technology
9.1.5.2.2 Canada Cooled IR Camera Market by End-User
9.1.5.3 Mexico Cooled IR Camera Market
9.1.5.3.1 Mexico Cooled IR Camera Market by Technology
9.1.5.3.2 Mexico Cooled IR Camera Market by End-User
9.2. EUROPE
9.2.1 Europe Cooled IR Camera Market Overview
9.2.2 Europe Cooled IR Camera Market Forecasts and Analysis
9.2.3 Europe Cooled IR Camera Market Forecasts and Analysis - By Technology
9.2.4 Europe Cooled IR Camera Market Forecasts and Analysis - By End-User
9.2.5 Europe Cooled IR Camera Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cooled IR Camera Market
9.2.5.1.1 Germany Cooled IR Camera Market by Technology
9.2.5.1.2 Germany Cooled IR Camera Market by End-User
9.2.5.2 France Cooled IR Camera Market
9.2.5.2.1 France Cooled IR Camera Market by Technology
9.2.5.2.2 France Cooled IR Camera Market by End-User
9.2.5.3 Italy Cooled IR Camera Market
9.2.5.3.1 Italy Cooled IR Camera Market by Technology
9.2.5.3.2 Italy Cooled IR Camera Market by End-User
9.2.5.4 United Kingdom Cooled IR Camera Market
9.2.5.4.1 United Kingdom Cooled IR Camera Market by Technology
9.2.5.4.2 United Kingdom Cooled IR Camera Market by End-User
9.2.5.5 Russia Cooled IR Camera Market
9.2.5.5.1 Russia Cooled IR Camera Market by Technology
9.2.5.5.2 Russia Cooled IR Camera Market by End-User
9.2.5.6 Rest of Europe Cooled IR Camera Market
9.2.5.6.1 Rest of Europe Cooled IR Camera Market by Technology
9.2.5.6.2 Rest of Europe Cooled IR Camera Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cooled IR Camera Market Overview
9.3.2 Asia-Pacific Cooled IR Camera Market Forecasts and Analysis
9.3.3 Asia-Pacific Cooled IR Camera Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Cooled IR Camera Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Cooled IR Camera Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cooled IR Camera Market
9.3.5.1.1 Australia Cooled IR Camera Market by Technology
9.3.5.1.2 Australia Cooled IR Camera Market by End-User
9.3.5.2 China Cooled IR Camera Market
9.3.5.2.1 China Cooled IR Camera Market by Technology
9.3.5.2.2 China Cooled IR Camera Market by End-User
9.3.5.3 India Cooled IR Camera Market
9.3.5.3.1 India Cooled IR Camera Market by Technology
9.3.5.3.2 India Cooled IR Camera Market by End-User
9.3.5.4 Japan Cooled IR Camera Market
9.3.5.4.1 Japan Cooled IR Camera Market by Technology
9.3.5.4.2 Japan Cooled IR Camera Market by End-User
9.3.5.5 South Korea Cooled IR Camera Market
9.3.5.5.1 South Korea Cooled IR Camera Market by Technology
9.3.5.5.2 South Korea Cooled IR Camera Market by End-User
9.3.5.6 Rest of Asia-Pacific Cooled IR Camera Market
9.3.5.6.1 Rest of Asia-Pacific Cooled IR Camera Market by Technology
9.3.5.6.2 Rest of Asia-Pacific Cooled IR Camera Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cooled IR Camera Market Overview
9.4.2 Middle East and Africa Cooled IR Camera Market Forecasts and Analysis
9.4.3 Middle East and Africa Cooled IR Camera Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Cooled IR Camera Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Cooled IR Camera Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cooled IR Camera Market
9.4.5.1.1 South Africa Cooled IR Camera Market by Technology
9.4.5.1.2 South Africa Cooled IR Camera Market by End-User
9.4.5.2 Saudi Arabia Cooled IR Camera Market
9.4.5.2.1 Saudi Arabia Cooled IR Camera Market by Technology
9.4.5.2.2 Saudi Arabia Cooled IR Camera Market by End-User
9.4.5.3 Rest of Middle East and Africa Cooled IR Camera Market
9.4.5.3.1 Rest of Middle East and Africa Cooled IR Camera Market by Technology
9.4.5.3.2 Rest of Middle East and Africa Cooled IR Camera Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cooled IR Camera Market Overview
9.5.2 South and Central America Cooled IR Camera Market Forecasts and Analysis
9.5.3 South and Central America Cooled IR Camera Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Cooled IR Camera Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Cooled IR Camera Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cooled IR Camera Market
9.5.5.1.1 Brazil Cooled IR Camera Market by Technology
9.5.5.1.2 Brazil Cooled IR Camera Market by End-User
9.5.5.2 Argentina Cooled IR Camera Market
9.5.5.2.1 Argentina Cooled IR Camera Market by Technology
9.5.5.2.2 Argentina Cooled IR Camera Market by End-User
9.5.5.3 Rest of South and Central America Cooled IR Camera Market
9.5.5.3.1 Rest of South and Central America Cooled IR Camera Market by Technology
9.5.5.3.2 Rest of South and Central America Cooled IR Camera Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COOLED IR CAMERA MARKET, KEY COMPANY PROFILES
11.1. AIM INFRAROT-MODULE GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BOSTON ELECTRONICS CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FLIR SYSTEM INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HAMAMATSU PHOTONICS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. I3SYSTEM, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. L3 TECHNOLOGIES, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LEONARDO DRS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LYNRED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SEMICONDUCTOR DEVICES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. XENICS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.AIM Infrarot-Module GmbH
2.Boston Electronics Corporation
3.FLIR System Inc.
4.Hamamatsu Photonics
5.i3system, Inc.
6.L3 Technologies, Inc.
7.Leonardo DRS
8.Lynred
9.SemiConductor Devices
10.Xenics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For