The Global Infrared Market is valued at USD 7.8 billion in 2024 and is projected to grow at a steady CAGR of 9.4%, driven by rising adoption across consumer electronics, automotive safety systems, industrial automation, and defense surveillance applications. Asia-Pacific has emerged as the fastest-growing region, led by China, India, and South Korea, where electronics exports, automotive IR system demand, and infrared detector adoption have expanded 10–12% year-on-year, surpassing the global market growth of 7–8%. While North America and Europe dominate high-value R&D and exports of thermal imaging and infrared spectroscopy devices, Asia-Pacific countries are significantly increasing imports of infrared detectors, pyroelectric sensors, and night-vision modules to enhance domestic production capabilities. Trade flows are increasingly influenced by tariff policies, regulatory compliance, and cross-border logistics, with China exporting over 120 million infrared units in 2024.
Infrared overview
Published by MMR Statistics Research Team, Updated