Market Overview:
The global thermal imaging systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for thermal imaging systems in various applications such as automotive, government & defense, healthcare & life science, maritime, security and research and development among others. Additionally, the growing awareness about the benefits of using thermal imaging systems is also contributing to the growth of this market.
Product Definition:
Thermal imaging systems are used to detect and measure thermal radiation emitted from objects. Thermal imaging systems have a variety of applications, including military, law enforcement, firefighting, search and rescue, and industrial inspection.
Hardware:
Hardware is the part of a system that can be removed or substituted and still yield the same functionality. In other words, hardware is permanent in nature. It includes devices such as cameras, lenses, sensors among others. Thermal imaging systems comprise various hardware components such as lens assembly (if any), camera body/sensor housing along with circuit parts (such as processors and image converters) which are used to process the captured images into digital form for storage & further use.
Software:
Software is the part of a Thermal Imaging System (TIS) that controls the device and provides it with commands to operate. It helps in receiving, storing, and interpreting data as well as providing output. The software used in TIS can be standalone or integrated with other devices such as cameras, drives etc. Software used in thermal imaging systems mainly includes image processing software and driver software for camera control among others.
Application Insights:
The market is segmented by application into automotive, government & defense, healthcare & life science, maritime, security and research and development. The automotive sector accounted for the largest share in 2017 owing to the extensive use of thermal imaging systems in off-highway applications such as engine diagnostics. Moreover, growing demand for vehicles with enhanced safety features is expected to drive the global market over the forecast period.
Thermal imaging has been used extensively during military operations especially at night time when it comes to identifying targets and assessing threats which contributes towards a significant share of security applications globally.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of prominent players such as FLIR Systems, Inc.; Raytheon Technologies Corporation; andVaisala Inc. Moreover, these companies are actively involved in providing thermal imaging equipment for security applications and training sessions for law enforcement agencies. Additionally, increasing demand for thermal imaging cameras from UAV/UAS manufacturers is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising defense budgets by various governments across countries such as India and China along with growing investments by private players in emerging economies including Japan and South Korea. In addition, increasing use of drones or UAVs for agricultural monitoring purposes coupled with stringent government regulations on commercial flights is further expected boost regional demand during the forecast period from 2018 to 2030 (estimated).
Growth Factors:
- Increasing demand for thermal imaging systems in the security and surveillance sector as it offers better visibility in low-light and dark conditions.
- Growing demand for thermal imaging systems from the military and defense sector due to their ability to detect targets even in adverse weather conditions.
- Increasing use of thermal imaging systems in medical applications such as diagnostics, treatment, and surgery.
- Rising adoption of thermal imaging systems for industrial applications such as process monitoring, quality control, research & development, and product testing & development.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Imaging Systems Market Research Report
By Type
Hardware, Software, Services
By Application
Automotive, Government & Defense, Healthcare & Life Science, Maritime, Security, Research and Development, Construction & Building, Others
By Companies
BAE Systems Plc., Flir Systems, L-3 Communications Holdings, Ulis S.A.S, Lockheed Martin, Drs Technologies, Inc., Elbit Systems Ltd., Raytheon Company, Sofradir Sas, Thermoteknix Systems Ltd.
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Imaging Systems Market Report Segments:
The global Thermal Imaging Systems market is segmented on the basis of:
Types
Hardware, Software, Services
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
Automotive, Government & Defense, Healthcare & Life Science, Maritime, Security, Research and Development, Construction & Building, Others
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:
- BAE Systems Plc.
- Flir Systems
- L-3 Communications Holdings
- Ulis S.A.S
- Lockheed Martin
- Drs Technologies, Inc.
- Elbit Systems Ltd.
- Raytheon Company
- Sofradir Sas
- Thermoteknix Systems Ltd.
Highlights of The Thermal Imaging Systems 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:
- Hardware
- Software
- Services
- By Application:
- Automotive
- Government & Defense
- Healthcare & Life Science
- Maritime
- Security
- Research and Development
- Construction & Building
- Others
- 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 Thermal Imaging Systems 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
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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?
Thermal imaging systems are devices that use infrared radiation to produce images of objects. They can be used to detect the presence of people, animals, and objects in a room or area. Thermal imaging systems can also be used to identify the temperature of different parts of an object.
Some of the major companies in the thermal imaging systems market are BAE Systems Plc., Flir Systems, L-3 Communications Holdings, Ulis S.A.S, Lockheed Martin, Drs Technologies, Inc., Elbit Systems Ltd., Raytheon Company, Sofradir Sas, Thermoteknix Systems Ltd..
The thermal imaging systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Imaging Systems 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 Thermal Imaging Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Imaging Systems 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 Thermal Imaging Systems 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 Thermal Imaging Systems Market Size & Forecast, 2018-2028
4.5.1 Thermal Imaging Systems Market Size and Y-o-Y Growth
4.5.2 Thermal Imaging Systems Market Absolute $ Opportunity
Chapter 5 Global Thermal Imaging Systems 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 Thermal Imaging Systems Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermal Imaging Systems 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 Thermal Imaging Systems Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Government & Defense
6.2.3 Healthcare & Life Science
6.2.4 Maritime
6.2.5 Security
6.2.6 Research and Development
6.2.7 Construction & Building
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Imaging Systems 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 Thermal Imaging Systems 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 Thermal Imaging Systems Analysis and Forecast
9.1 Introduction
9.2 North America Thermal Imaging Systems 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 Thermal Imaging Systems Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
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 Thermal Imaging Systems Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Government & Defense
9.10.3 Healthcare & Life Science
9.10.4 Maritime
9.10.5 Security
9.10.6 Research and Development
9.10.7 Construction & Building
9.10.8 Others
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 Thermal Imaging Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Thermal Imaging Systems 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 Thermal Imaging Systems Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
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 Thermal Imaging Systems Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Government & Defense
10.10.3 Healthcare & Life Science
10.10.4 Maritime
10.10.5 Security
10.10.6 Research and Development
10.10.7 Construction & Building
10.10.8 Others
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 Thermal Imaging Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermal Imaging Systems 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 Thermal Imaging Systems Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
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 Thermal Imaging Systems Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Government & Defense
11.10.3 Healthcare & Life Science
11.10.4 Maritime
11.10.5 Security
11.10.6 Research and Development
11.10.7 Construction & Building
11.10.8 Others
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 Thermal Imaging Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermal Imaging Systems 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 Thermal Imaging Systems Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
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 Thermal Imaging Systems Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Government & Defense
12.10.3 Healthcare & Life Science
12.10.4 Maritime
12.10.5 Security
12.10.6 Research and Development
12.10.7 Construction & Building
12.10.8 Others
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) Thermal Imaging Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermal Imaging Systems 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) Thermal Imaging Systems Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
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) Thermal Imaging Systems Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Government & Defense
13.10.3 Healthcare & Life Science
13.10.4 Maritime
13.10.5 Security
13.10.6 Research and Development
13.10.7 Construction & Building
13.10.8 Others
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 Thermal Imaging Systems Market: Competitive Dashboard
14.2 Global Thermal Imaging Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE Systems Plc.
14.3.2 Flir Systems
14.3.3 L-3 Communications Holdings
14.3.4 Ulis S.A.S
14.3.5 Lockheed Martin
14.3.6 Drs Technologies, Inc.
14.3.7 Elbit Systems Ltd.
14.3.8 Raytheon Company
14.3.9 Sofradir Sas
14.3.10 Thermoteknix Systems Ltd.
