Global Thermal Imaging Market: Higher Demand from ADAS Application Area is Acting as a Catalysts for this Market Growth

Global Thermal Imaging Market

Thermal imaging is a type of technology utilized for the visualization of low-lit surroundings and environment. This technology isolates the environmental objects’ heat signature helping users in visualizing their surroundings with the help of each object’s heat signature. This technology helps in providing highly accurate readings from cameras and various others visualization devices.

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Thermal imaging market is growing due to price reduction of thermal imaging products, growing adoption of thermal imaging in perimeter security; the effects of these factors are mentioned below:

  • Price reduction of thermal imaging products: One of the major benefits with the thermal imaging market players is the reduction of prices of thermal imaging-based products and components. This is due to the fact that the prices of various hardware components are declining as manufacturers adopt advanced processes for their facilities resulting in the overall reduction of their manufacturing costs. The low cost associated with these products is enhancing the rate at which these products are being utilized by various applicable industries and end-users
  • Growing adoption of thermal imaging in perimeter security: Another major reason behind the wide-spread usage of thermal imaging technology is its expanding usage in perimeter security, as it can be highly sustainable and efficient in the detection of intruders and other dangerous components when employed as protection for perimeters. This technology is integrated with conventional cameras which help in identification of areas where the need for artificial illumination is required.

Some of the product launches are mentioned below:

  • In April 2019, Parrot Drones SAS announced the launch of “ANAFI Thermal”, their new drone which offers users with live and recorded 4K HD video recording as well as thermal imaging for surfaces, structures and any areas that are potentially dangerous. The drone integrates Parrot’s “ANAFI” drone platform with Sony’s 21-megapixel sensor on 4K HDR camera and FLIR’s radiometric thermal-imaging camera
  • In February 2019, FLIR Systems, Inc. announced the commercial availability of the latest addition to their “T-Series” by launching “FLIR T840”. The thermal imaging camera offers an enhanced brightness to its display, along with a viewfinder. This innovative technological integration helps in providing consumers with a significantly cost-effective solution for detecting any failures in structures and infrastructures in low-light conditions

The market is segmented on the basis of type as cameras, modules, scopes; application is categorized into detection, security & surveillance, monitoring & inspection; industry as residential, commercial, industrial, aerospace & defense, oil & gas, food & beverages, automotive, healthcare & life sciences.

“According to Data Bridge Market Research, global thermal imaging market is expected to be growing with a substantial CAGR of 6.90% during the forecast period of 2018 to 2025”

Some of the major players operating in market are L3 Technologies, Fortive Corporation, Bae Systems, Flir Systems, Sofradir, Leonardo, Allied Vision, Dali Technology, United Technologies, Xenics, Axis Communications, Testo SE, Thermoteknix Systems, Seek Thermal and Opgal Optronic Industries Limited among others.

Various manufacturers and market players of thermal imaging are focusing on providing their product range and technological capabilities to automotive manufacturers and ADAS technology integrators for various vehicles. Due to the innovations in ADAS technology and focus of manufacturers on enhancement of their ADAS services, they have initiated the utilization of thermal imaging which helps in enhanced effectiveness of the system as it can work just as effectively in low-lit environments.