Market Overview:
The global handheld thermal imaging equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The increasing demand for handheld thermal imaging equipment in the defence sector is one of the major factors driving the growth of this market. Handheld thermal imaging equipment are used by defence forces for various purposes such as night vision, target acquisition, and surveillance. The increasing use of handheld thermal imaging equipment in fire departments is also fuelling the growth of this market. These devices are used by firefighters for search and rescue operations, detecting hot spots during fires, and identifying victims trapped in burning buildings. Additionally, rising demand from other applications such as manufacturing, retail, health care, and others is also propelling the growth of this market.
Product Definition:
A handheld thermal imager is a device that captures an image of the heat radiation emitted from an object. The image shows the relative temperature of the object's surface. Thermal imagers can be used to detect things such as leaks in insulation, problems with electrical wiring, and overheating components. They are also used for security purposes to identify people or objects that are hotter than their surroundings.
Infrared Thermal Imaging:
Infrared (IR) thermal imaging is a two-dimensional heat transfer analysis using infrared radiation to image the temperature. It is primarily used for determining surface temperatures of objects without making physical contact with the object. IR cameras are widely used in various industries such as military, automotive and electronics owing to their ability to provide high resolution images even at long distances and in low ambient light conditions.
Microwave Thermal imaging:
The global microwave thermal imaging and it's usage in handheld thermal imaging equipment market size was valued at USD 1.5 billion in 2015. The increasing demand for law enforcement agencies to combat the rising crime rate is expected to drive the industry growth over the forecast period. In addition, growing awareness among people regarding security issues coupled with an increase in disposable income is anticipated to propel growth over the next eight years.
Application Insights:
The defense segment dominated the global handheld thermal imaging equipment market in 2017. The use of these devices by military personnel for reconnaissance and target identification is expected to drive demand over the forecast period. Furthermore, growing concerns regarding personal safety and security have led to an increased adoption of these devices across the defense sector.
Manufacturing was the second largest application segment in 2017 owing to its wide-spread use for industrial purposes such as quality control, process monitoring, machine vision inspection, 3D scanning etc. In manufacturing units where heat plays a vital role in various processes such as sterilization or metalworking; handheld infrared thermal imaging cameras are used on a regular basis for effective monitoring of processes from start till completion ensuring quality control at every stage which eventually leads to cost reduction and increased productivity. These factors are anticipated to boost demand over the forecast period thus driving overall industry growth during this time span.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the increasing demand for thermal imaging devices from various application areas, such as manufacturing, retail and healthcare. Moreover, technological advancements coupled with high adoption rate of new technologies are also expected to drive regional growth over the forecast period.
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising government initiatives for developing advanced defense systems and increasing demand from law enforcement agencies for handheld thermal imaging devices with higher range and sensitivity. In addition, growing use in agricultural fields will also boost product penetration in this region during the forecast period (2018-2030).
Growth Factors:
- Increasing demand for handheld thermal imaging equipment in the military and defense sector due to its features such as high resolution, low noise levels, and ability to detect objects in complete darkness.
- Growing demand for handheld thermal imaging equipment from the law enforcement agencies owing to its features such as night vision and heat detection capabilities.
- Increasing use of handheld thermal imaging equipment in the construction industry for tasks such as detecting moisture content, insulation defects, and electrical wiring faults.
- Rising demand for handheld thermal imaging equipment from the medical sector for diagnosis of various diseases including cancer, heart problems, and respiratory disorders.
Scope Of The Report
Report Attributes
Report Details
Report Title
Handheld Thermal Imaging Equipment Market Research Report
By Type
Infrared Thermal Imaging, Microwave Thermal imaging
By Application
Defence, Fire Department, Manufacturing, Retail, Health Care, Other
By Companies
Flir Systems, BAE Systems, Leonardo DRS, Raytheon, Danaher, L3 Technologies, Thales, American Technologies Network, Sofradir, Thermoteknix Systems, Flir Systems, Elbit Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Handheld Thermal Imaging Equipment Market Report Segments:
The global Handheld Thermal Imaging Equipment market is segmented on the basis of:
Types
Infrared Thermal Imaging, Microwave Thermal imaging
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defence, Fire Department, Manufacturing, Retail, Health Care, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Flir Systems
- BAE Systems
- Leonardo DRS
- Raytheon
- Danaher
- L3 Technologies
- Thales
- American Technologies Network
- Sofradir
- Thermoteknix Systems
- Flir Systems
- Elbit Systems
Highlights of The Handheld Thermal Imaging Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Infrared Thermal Imaging
- Microwave Thermal imaging
- By Application:
- Defence
- Fire Department
- Manufacturing
- Retail
- Health Care
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Handheld Thermal Imaging Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Handheld thermal imaging equipment is a device that uses infrared radiation to produce images of objects. The image is created by detecting the heat emitted from the object. This type of equipment can be used for a variety of purposes, including security and safety inspections, agricultural monitoring, and product identification.
Some of the major companies in the handheld thermal imaging equipment market are Flir Systems, BAE Systems, Leonardo DRS, Raytheon, Danaher, L3 Technologies, Thales, American Technologies Network, Sofradir, Thermoteknix Systems, Flir Systems, Elbit Systems.
The handheld thermal imaging equipment market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Handheld Thermal Imaging Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Handheld Thermal Imaging Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Handheld Thermal Imaging Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Handheld Thermal Imaging Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Handheld Thermal Imaging Equipment Market Size & Forecast, 2020-2028
4.5.1 Handheld Thermal Imaging Equipment Market Size and Y-o-Y Growth
4.5.2 Handheld Thermal Imaging Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Infrared Thermal Imaging
5.2.2 Microwave Thermal imaging
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Defence
6.2.2 Fire Department
6.2.3 Manufacturing
6.2.4 Retail
6.2.5 Health Care
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Handheld Thermal Imaging Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Handheld Thermal Imaging Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Infrared Thermal Imaging
9.6.2 Microwave Thermal imaging
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Defence
9.10.2 Fire Department
9.10.3 Manufacturing
9.10.4 Retail
9.10.5 Health Care
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Infrared Thermal Imaging
10.6.2 Microwave Thermal imaging
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Defence
10.10.2 Fire Department
10.10.3 Manufacturing
10.10.4 Retail
10.10.5 Health Care
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Infrared Thermal Imaging
11.6.2 Microwave Thermal imaging
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Defence
11.10.2 Fire Department
11.10.3 Manufacturing
11.10.4 Retail
11.10.5 Health Care
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Infrared Thermal Imaging
12.6.2 Microwave Thermal imaging
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Defence
12.10.2 Fire Department
12.10.3 Manufacturing
12.10.4 Retail
12.10.5 Health Care
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Infrared Thermal Imaging
13.6.2 Microwave Thermal imaging
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Defence
13.10.2 Fire Department
13.10.3 Manufacturing
13.10.4 Retail
13.10.5 Health Care
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Handheld Thermal Imaging Equipment Market: Competitive Dashboard
14.2 Global Handheld Thermal Imaging Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Flir Systems
14.3.2 BAE Systems
14.3.3 Leonardo DRS
14.3.4 Raytheon
14.3.5 Danaher
14.3.6 L3 Technologies
14.3.7 Thales
14.3.8 American Technologies Network
14.3.9 Sofradir
14.3.10 Thermoteknix Systems
14.3.11 Flir Systems
14.3.12 Elbit Systems
