Growing Demand for Border Surveillance and Defense Applications is Expected to Drive the Growth of Global Thermal Imaging Market

The global thermal imaging market is a significant and dynamic segment of the automotive industry. Thermal imaging plays a pivotal role in enhancing visibility in conditions of low light, smoke, or darkness and has a broad range of applications across industries, including defense, automotive, aerospace, and building inspection, making it a dynamic and evolving sector with significant growth potential.

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Data Bridge Market Research analyzes that the Global Thermal Imaging Market is expected to reach USD 11,771.88 million by 2030 from USD 6,234.23 million in 2022, growing with a substantial CAGR of 8.3% in the forecast period of 2023 to 2030.

Key Findings of the Study

Rising Demand for Thermal Imaging Products

The growing demand for border surveillance and defense applications, rising use of thermal imaging in the manufacturing sector for quality control, increasing technological benefits of thermal imaging, growing demand from the emerging markets due to geopolitical conditions, rising demand for advanced image processing by using AIML, surging adoption of thermal imaging in the residential and commercial sector are the factors driving the market growth.  

Report Scope and Market Segmentation

Segment Analysis:

The global thermal imaging market is segmented into nine notable segments based on offering, product type, resolution, color pallet, application, technology, focusing mechanism, wavelength, and end use.

• On the basis of offering, the market is segmented into hardware, software, and services.

In 2023, the hardware segment is expected to dominate the global thermal imaging market

In 2023, the hardware segment is expected to dominate the market with a market share of 54.71% due to its versatility, cost-effectiveness, and ability to perform critical missions with reduced risk to human lives.

• On the basis of product type, the global thermal imaging market is segmented into thermal cameras, thermal scopes, thermal goggles, and others.

In 2023, the thermal cameras segment is expected to dominate the global thermal imaging market

In 2023, the thermal cameras segment is expected to dominate the market with a market share of 51.94% due to their applications across a wide range of industries, including security, surveillance, industrial, medical, automotive, and aerospace. Their versatility makes them a popular choice for various use cases.

• On the basis of resolution, the market is segmented into 160 X 120, 320 X 240, 640 X 480, and others. In 2023, the 320 X 240 segment is expected to dominate the market with a market share of 43.95%.
• On the basis of technology, the market is segmented into uncooled and cooled. In 2023, the uncooled segment is expected to dominate the market with a market share of 57.53%.
• On the basis of color palette, the market is segmented into white hot, ironbow, rainbow HC, artic, and others. In 2023, the white hot segment is expected to dominate the market with a market share of 41.77%.
• On the basis of application, the market is segmented into security & surveillance, monitoring & inspection, detection & measurement, search & rescue, and others. In 2023, the security and surveillance segment is expected to dominate the market with a market share of 35.33%.
• On the basis of wavelength, the market is segmented into long-wave Infrared (LWIR), mid-wave Infrared (MWIR), and short-wave Infrared (SWIR). In 2023, the long-wave Infrared (LWIR) segment is expected to dominate the market with a market share of 45.33%.
• On the basis of focusing mechanism, the market is segmented into fixed focus, manual focus, and auto focus. In 2023, the manual focus segment is expected to dominate the market with a market share of 42.43%.
• On the basis of end-use, the market is segmented into aerospace & defense, automotive, residential, energy & utilities, healthcare, life sciences, and others. In 2023, the aerospace & defense segment is expected to dominate the market with a market share of 31.37%.

Major Players

Data Bridge Market Research analyzes BAE Systems (U.K.), L3Harris Technologies, Inc. (U.S.), Teledyne FLIR LLC (U.S.), Fluke Corporation (U.S.), Leonardo DRS (U.S.) as the major market players in the global thermal imaging market.

Market Developments

• In October 2023, Teledyne FLIR introduced the FLIR FC-Series AI, a thermal security camera with onboard AI analytics for classifying humans and vehicles. This enhances early intrusion detection for perimeter protection and remote site monitoring. Combining deep neural network and motion-based analytics, this innovation strengthens intrusion detection, improves situational awareness, and facilitates more informed decisions, ultimately enhancing safety and operational efficiency. This development broadens Teledyne FLIR's product offerings, providing valuable solutions for various applications related to security and surveillance.
• In September 2023, BAE Systems unveiled enhanced capabilities for its TWV640 thermal camera core, powered by the Athena 640 focal plane array. These improvements, including contrast enhancement, spotlight mode, field pixel kill, and Improved Noise Equivalent Temperature Difference (NETD), allow for a more flexible and customizable image with better threat detection, especially in challenging conditions. This advancement further solidifies BAE Systems' position as a provider of superior imagery solutions for various sectors, enhancing their competitiveness and reputation in the market.
• In May 2023, Fluke Corporation introduced the ThermoView TV30 Thermal Imager, a stand-alone, advanced camera designed for monitoring temperature in severe industrial environments. This product enables industrial teams to set up thermal imaging systems without the need for a constantly connected computer, offering robust features such as temperature alarming, direct integration without a PC, reduced installation costs, and the ability to work in harsh conditions. The ThermoView TV30 enhances Fluke's product portfolio and strengthens its position in the industrial temperature measurement and imaging market, offering advanced solutions for process control and asset monitoring.
• In October 2022, Guide Sensmart Co. Ltd. unveiled the PT Series, the world's first portable thermal camera with megapixel-level infrared resolution at OPTATEC 2022, marking a significant advancement in the high-end thermal camera market. This launch enhanced the company's product portfolio and positioned them as an industry leader, enabling professionals to diagnose electrical and mechanical issues with clarity and ease, ultimately benefiting the company's competitiveness and customer satisfaction.
• In September 2021, Tonbo Imaging secured orders from the Indian Army for specialized sights through emergency procurement, encompassing thermal imaging binoculars and multi-mission sights. This contract provided an opportunity for Tonbo Imaging to contribute to the military's needs, enhance its reputation, and potentially expand its market presence in defense technology solutions.

Regional Analysis

Geographically, the countries covered in the global thermal imaging market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Poland, Sweden, Denmark, Norway, Finland, Turkey, Rest of Europe, Japan, Taiwan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, Israel, U.A.E., South Africa, Egypt, Qatar, Bahrain, Kuwait, Oman and Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

North America is expected to dominate the global thermal imaging market

North America is expected to dominate the global thermal imaging market as it has a strong technological leadership, substantial defense budgets, a robust defense industry, and favorable regulatory conditions. In addition, the U.S. was the pioneer of UAVs, backed by the history of thermal imaging use in modern warfare. These factors collectively contribute to North America's position as a dominant player in this industry.

Asia-Pacific is estimated to be the fastest-growing region in the global thermal imaging market

Asia-Pacific region is expected to be the fastest-growing region as it encompasses countries such as China, India, Japan, South Korea, and others that are experiencing significant economic growth. This growth has led to increased industrialization, infrastructure development, and investments in technology across various sectors. In addition, many countries in the Asia-Pacific region, particularly China and India, have been increasing their defense budgets.

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