PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1644149
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1644149
Global Microbolometers Market to Reach US$1.7 Billion by 2030
The global market for Microbolometers estimated at US$1.1 Billion in the year 2024, is expected to reach US$1.7 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2024-2030. Vanadium Oxide (VOx) Microbolometers, one of the segments analyzed in the report, is expected to record a 8.6% CAGR and reach US$763.0 Million by the end of the analysis period. Growth in the Amorphous Silicon (a-Si) Microbolometers segment is estimated at 5.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$300.5 Million While China is Forecast to Grow at 6.3% CAGR
The Microbolometers market in the U.S. is estimated at US$300.5 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$262.1 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.3% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.0% CAGR.
Global Microbolometers Market - Key Trends & Drivers Summarized
Why Are Microbolometers Key in Thermal Imaging Applications?
Microbolometers are critical components in thermal imaging devices, allowing for accurate detection of infrared radiation and enabling clear imaging in low-light or dark conditions. Widely used in defense, surveillance, firefighting, and industrial inspection, microbolometers are highly valued for their sensitivity to temperature changes and ability to produce high-resolution thermal images. Unlike other infrared detectors, microbolometers operate without cryogenic cooling, making them compact, affordable, and ideal for portable devices. The demand for reliable thermal imaging technology across various industries has made microbolometers indispensable in applications where visibility and temperature monitoring are crucial.
What Technological Advances Are Improving Microbolometer Performance?
Technological advancements are enhancing microbolometer sensitivity, resolution, and cost-effectiveness, broadening their application scope. Innovations in pixel design, such as reducing pixel pitch to 12 microns or smaller, allow for higher resolution in smaller devices, meeting the demand for compact thermal imaging solutions. Advances in uncooled thermal imaging technology also enable microbolometers to deliver sharper images without the need for expensive cooling systems. Additionally, the integration of AI and machine learning is improving data analysis from thermal images, supporting applications in areas like predictive maintenance, medical diagnostics, and surveillance.
Why Are Cost and Versatility Important in the Microbolometer Market?
The cost and versatility of microbolometers are important because they allow for widespread use across diverse industries. Uncooled microbolometers are more affordable than cooled detectors, enabling their integration into consumer products, such as automotive night vision systems and smart home security devices. Their versatility in detecting minute temperature variations makes them suitable for a wide range of applications, from monitoring electrical systems to detecting heat leaks in buildings. This cost-effectiveness, combined with robust functionality, makes microbolometers an appealing choice for both industrial and consumer applications.
The Growth in the Microbolometer Market Is Driven by Several Factors
The microbolometer market is expanding due to advancements in uncooled infrared technology, growing demand for thermal imaging across industries, and the need for affordable high-resolution imaging solutions. Rising applications in defense, firefighting, and industrial inspection are fueling demand for reliable microbolometers. Technological progress, such as reduced pixel pitch, is enhancing device resolution, allowing for compact thermal imaging solutions. The affordability of uncooled microbolometers is expanding their application in consumer electronics and automotive industries, further driving growth in this market. These factors together underscore the market’s upward trajectory in the thermal imaging sector.
SCOPE OF STUDY:
The report analyzes the Microbolometers market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Vanadium Oxide (VOx) Microbolometers, Amorphous Silicon (a-Si) Microbolometers, Other Types); Application (Military / Aerospace & Defense Application, Automotive Application, Medical Application, Other Applications)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
Select Competitors (Total 52 Featured) -