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:
Some of the product launches are mentioned below:
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.
Global Thermal Imaging Market – Industry Trends and Forecast to 2027