Infrared Market Report 2026

The infrared market size has grown strongly in recent years. It will grow from $55.1 billion in 2025 to $60.21 billion in 2026 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rising adoption of night vision and thermal imaging in defense applications, increasing use of infrared sensors in consumer electronics for motion detection, expansion of industrial automation requiring temperature monitoring systems, increasing healthcare use of infrared thermography for non-invasive diagnostics, expansion of automotive driver assistance systems using infrared cameras.

The infrared market size is expected to see strong growth in the next few years. It will grow to $86.61 billion by 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to expansion of forecast ai-enabled infrared image processing and analytics platforms, growth of forecast iot-enabled smart sensor networks for real-time monitoring, rising forecast demand for autonomous robotics using infrared vision systems, growth of forecast smart infrastructure requiring infrared-based security systems, rising forecast adoption of infrared-based environmental monitoring systems. Major trends in the forecast period include thermal imaging adoption in surveillance and security systems, increasing use of infrared sensing in healthcare diagnostics and fever screening, growing integration of infrared sensors in consumer electronics for proximity and gesture detection, expansion of infrared spectroscopy applications in environmental and gas analysis, rising deployment of infrared-based temperature monitoring in industrial predictive maintenance.

The expansion in healthcare and medical diagnostics is anticipated to drive the growth of the infrared market in the coming years. Healthcare and medical diagnostics refer to organized systems that provide medical services and diagnostic procedures to detect, monitor, and manage diseases through imaging, screening, and laboratory technologies. The increasing expansion in healthcare and medical diagnostics is driven by rising patient volumes that encourage providers to broaden early disease detection and preventive screening programs across healthcare facilities. Infrared imaging supports non-invasive thermal monitoring to identify inflammation, circulatory issues, and tumors by visualizing abnormal heat patterns, while infrared spectroscopy detects disease-related molecular signatures in tissues or fluids to assist in diagnosing conditions such as cancer and diabetes. For example, in May 2023, according to the National Health Service, a UK-based government department, the number of brain magnetic resonance imaging (MRI) activities referred by general practitioners rose from 8,695 in January 2022 to 8,745 in January 2023. Therefore, the expansion in healthcare and medical diagnostics is fueling the growth of the infrared market.

Key companies operating in the infrared market are focusing on developing innovative solutions, such as AI-enabled multi-spectral imaging systems, to enhance automated detection, improve situational awareness, and support real-time decision-making across industrial and marine environments. AI-enabled multi-spectral imaging systems are advanced imaging technologies that combine thermal infrared sensors, visible-light cameras, and artificial intelligence algorithms to analyze temperature variations, detect objects, and maintain accurate tracking under complex environmental conditions. For example, in October 2025, FLIR Systems, Inc., a US-based thermal imaging technology company, launched the M460 and M560 multi-spectral maritime camera systems designed for professional marine navigation and safety operations. These systems integrate a high-performance thermal sensor with a 4K low-light visible camera and a 12-kilometer laser rangefinder, while AI-powered target tracking automatically identifies vessels, buoys, and people and maintains tracking accuracy through three-axis gyro stabilization. This launch represents a significant technological advancement by combining multi-sensor imaging with intelligent analytics to enable reliable long-range detection and enhanced operational awareness in challenging marine environments. It provides a robust and scalable solution for improving maritime safety, navigation efficiency, and real-time threat detection under harsh weather and low-visibility conditions.

In November 2024, Hamamatsu Photonics K.K., a Japan-based company specializing in photonic devices such as infrared detectors, image sensors, and optical measurement systems, acquired BAE Systems Imaging Solutions, Inc. for an undisclosed amount. With this acquisition, Hamamatsu seeks to reinforce its opto-semiconductor business by broadening its low-noise CMOS imaging capabilities and enhancing its global product portfolio for scientific and industrial infrared imaging applications. BAE Systems Imaging Solutions Inc. is a US-based company that provides infrared (IR) sensors and related technologies.

Major companies operating in the infrared market are Panasonic Holdings Corporation, Mitsubishi Electric Corporation, Toshiba Corporation, STMicroelectronics NV, Murata Manufacturing Co Ltd, Analog Devices Inc, onsemi, Lite-On Technology Corporation, ROHM Co Ltd, Vishay Intertechnology Inc, Excelitas Technologies Corp, Everlight Electronics Co Ltd, TT Electronics plc, NationStar Optoelectronics Co Ltd, Shenzhen Refond Optoelectronics Co Ltd, Harvatek Corporation, Kingbright Electronic Co Ltd, VIGO Photonics SA, Isocom Components Ltd, Redinfra Systems Private Limited.

North America was the largest region in the infrared market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the infrared market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the infrared market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The infrared (IR) market consists of revenues earned by entities by providing services such as system integration, design support, installation and setup, calibration, maintenance and support, and technical consulting related to infrared technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. The infrared (IR) market also includes sales of infrared sensors, emitters, cameras, detectors, modules, and integrated optoelectronic solutions. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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