Global Thermal Imaging Market By Type (Handheld or Portable Camera, Fixed and Mounted Core, Scopes and Vision Goggles, Others), Application (Security and Surveillance, Monitoring and Inspection, Detection and Measurement, Personal Vision System, Search and Rescue, Others), Product (Thermal Cameras, Thermal Scopes, Thermal Modules), Technology (Cooled, Uncooled), Wavelength (Long-Wave Infrared (LWIR), Mid-Wave Infrared (MWIR), Short-Wave Infrared (SWIR)), End Use (Industrial, Commercial, Residential, Aerospace and Defense, Automotive, Healthcare, Life Sciences, Oil and Gas, Food and Beverages), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Thermal Imaging Market
Thermal imaging market is expected to render the strategic business ground while registering growth at the rate of 3.20% for the forecast period of 2020 to 2027. Thermal imaging market is growing across the globe due to beneficial integration of technology and application which is fulfilled by the successive demand of thermal imaging devices and gadgets in the end user sector, thus adding potential thrust in the market growth.
Thermal imaging market is increasing owing to its application penetration in multiple sectors, the technology of thermal imaging devices aids in inspection and monitoring of the various objects, thus meeting the certain criteria market is expected to grow. The germinating demand from the United States military services for security and surveillance, monitoring and inspection, detection and measurement, personal vision system, search and rescue is enhancing the market growth exponentially upside the success verticals. To detect the solid objects fault thermal imaging devices are required, owed to the progressive demand from the construction industry market is growing at high pace. Technological amendments going in the automotive sector for equipping the vehicles with night vision, which is supported with thermal imaging devices, on contrary propelling the growth of thermal imaging market. Oil and gas industry requires thermal imaging for the safety parameters as a minute mistake can bring havoc, the demand from the oil and gas industry is boosting the market growth.
During the forecast period of market growth, certain restrictions can hamper the development of thermal imaging market such as expensive quotients of the devices, export prohibition by the government authorities, and inefficacy of thermal imaging devices to respond inside water or through glass. To overcome discussed restraints, thermal devices application in detection of defects in the buildings and architectural structures will act as latent force to equalize the market growth, amidst this familiarity of the pharmaceuticals and medical diagnosis with thermal imaging market will also work in the favour of market growth.
This thermal imaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on thermal imaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Thermal Imaging Market Scope and Market Size
Thermal imaging market is segmented on the basis of type, product, technology, wavelength, end use and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the thermal imaging market is segmented into handheld or portable camera, fixed and mounted core, scopes and vision goggles, and others.
- Based on application, the thermal imaging market is bifurcated into security and surveillance, monitoring and inspection, detection and measurement, personal vision system, search and rescue, and others. This section is further segregated into three different sub-segments. On the basis of security and surveillance, the market is fragment into perimeter security, unmanned aerial vehicle (UAV), and tracking. Monitoring and inspection is again divided into machine condition monitoring, structural health monitoring, quality assessment, and HVAC system inspection. Detection and measurement is further categorised into gas detection, fire detection, body temperature measurement, level measurement, and prototype assessment.
- On the basis of product, the thermal imaging market is fragmented into thermal cameras, thermal scopes, and thermal modules.
- On the basis of technology, the thermal imaging market is segmented into cooled, and uncooled.
- On the basis of wavelength, the thermal imaging market is segregated into long-wave infrared (LWIR), mid-wave infrared (MWIR), and short-wave infrared (SWIR).
- On the basis of end use, the thermal imaging market is bifurcated into industrial, commercial, residential, aerospace & defense, automotive, healthcare & life sciences, oil & gas, and food & beverages.
Thermal Imaging Market Country Level Analysis
Thermal imaging market is analysed and market size, volume information is provided by country type, product, technology, wavelength, end use and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to deliver the most lucrative ground base for thermal imaging market in terms of volume and revenue owing to the boosting military and defense industry that demand the competent thermal imaging tools and gears. This upgradation is backed up the European regions because of progression in security and surveillance aspect, moreover the Asia-Pacific (APAC) region is complementing the thermal imaging market growth owed to the focus upon defense sector and funding provided for that.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermal Imaging Market Share Analysis
Thermal imaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to thermal imaging market.
The major players covered in the thermal imaging market report are 3M, ATN Company, Allied Vision Technologies GmbH, Avon Protection Systems, Inc., Axis Communications Ab, BAE Systems, Cox, Dragerwerk AG & Co. KGaA, FLIR Systems, Inc., Fluke Corporation, General Starlight Company, Inc., L3 Technologies, Leonardo DRS, Magnity Electronics Co. Ltd., Opgal Optronic Industries Ltd., Palmer Wahl Instrumentation Group, Raytheon Company, Seek Thermal, Inc., Testo SE & Co. KGaA, Thermoteknix Systems, Tonbo Imaging, ULIS, Wuhan Guide Infrared Co. Ltd., Xenics NV, Zhejiang Dali Technology Co. Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Thermal Imaging Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.