Market Overview:
The global thermal imaging market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermal imaging in military and civil applications. The uncooled type segment is expected to dominate the market during the forecast period owing to its low cost and high performance. The Asia Pacific region is expected to witness highest growth during the forecast period, followed by North America and Europe.
Product Definition:
Thermal imaging is the process of creating an image based on the heat emitted by objects in the view. Thermal imaging cameras detect infrared radiation and produce a thermal image that shows variations in temperature. This technology can be used to identify objects, such as people or animals, because they emit more heat than their surroundings. Thermal imaging systems are often used by law enforcement and military organizations for night vision and battlefield surveillance.
Uncooled Type:
Uncooled type is a new term in the market and it has been gaining popularity among customers as well as manufacturers. Uncooled thermal imaging cameras are those that do not use any cooling mechanism to keep the sensor temperature under control. These products have several advantages over their counterparts, which is driving their demand across various application areas such as military & defense, security, law enforcement and industrial inspection markets.
Cooled Type:
The global market for the cooled type is expected to grow at a CAGR of XX% from 2018 to 2025. The growth can be attributed to the increasing demand for thermal imaging cameras in various application areas such as security, surveillance, and automotive. These applications are widely used across developed countries and emerging economies owing to technological advancements in terms of product development and cost-effectiveness offered by them.
Application Insights:
The market is segmented based on application into military, civil and others. The military segment dominated the global thermal imaging market in 2017 owing to increasing defense expenditure by countries such as U.S., China, Russia and India. Moreover, presence of key players such as Lockheed Martin Corporation; Raytheon Company; General Dynamics Corporation; United Technologies Corporation (UTC) that provide advanced systems for thermal imaging in the defense sector is expected to drive the growth of this application segment over the forecast period.
Regional Analysis:
North America dominated the global thermal imaging market in 2017. The U.S. is a major contributor to the regional market owing to high demand for thermal imaging equipment from various military and law enforcement agencies, such as the Department of Defense (DoD), Federal Bureau of Prisons, and Customs and Border Protection (CBP). Furthermore, technological advancements coupled with increased adoption of night vision devices are expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing government initiatives pertaining toward border security in countries such as India and China along with other South East Asian nations.
Growth Factors:
- Increasing demand for thermal imaging in the security and surveillance sector as it can detect human presence even in complete darkness.
- Growing demand for thermal imaging in the medical sector as it helps to diagnose various diseases at early stages.
- Increasing use of thermal imaging in research and development activities to detect minute changes in temperature that cannot be observed with naked eye.
- Rising popularity of thermal cameras among consumers due to their low price and high performance ratio.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Imaging Market Research Report
By Type
Uncooled Type, Cooled Type
By Application
Military, Civil
By Companies
FLIR, Lockheed Martin, Raytheon, L3 Technologies, Thales Group, Northrop, BAE, Elbit, DRS, Fluke, Wuhan Guide, Guangzhou SAT, Dali
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Imaging Market Report Segments:
The global Thermal Imaging market is segmented on the basis of:
Types
Uncooled Type, Cooled Type
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
Military, Civil
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
- Lockheed Martin
- Raytheon
- L3 Technologies
- Thales Group
- Northrop
- BAE
- Elbit
- DRS
- Fluke
- Wuhan Guide
- Guangzhou SAT
- Dali
Highlights of The Thermal Imaging 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:
- Uncooled Type
- Cooled Type
- By Application:
- Military
- Civil
- 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 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?
Thermal imaging is a technology that uses heat to create an image of objects or areas. This image can be used to see details that would otherwise be difficult or impossible to see. Thermal imaging can also be used to detect the presence of people, animals, and other objects in a scene.
Some of the major companies in the thermal imaging market are FLIR, Lockheed Martin, Raytheon, L3 Technologies, Thales Group, Northrop, BAE, Elbit, DRS, Fluke, Wuhan Guide, Guangzhou SAT, Dali.
The thermal imaging market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Imaging Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermal Imaging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermal Imaging Market - Supply Chain
4.5. Global Thermal Imaging Market Forecast
4.5.1. Thermal Imaging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermal Imaging Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermal Imaging Market Absolute $ Opportunity
5. Global Thermal Imaging Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermal Imaging Market Size and Volume Forecast by Type
5.3.1. Uncooled Type
5.3.2. Cooled Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermal Imaging Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermal Imaging Market Size and Volume Forecast by Application
6.3.1. Military
6.3.2. Civil
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermal Imaging Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermal Imaging Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermal Imaging Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermal Imaging Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermal Imaging Demand Share Forecast, 2019-2026
9. North America Thermal Imaging Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermal Imaging Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermal Imaging Market Size and Volume Forecast by Application
9.4.1. Military
9.4.2. Civil
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermal Imaging Market Size and Volume Forecast by Type
9.7.1. Uncooled Type
9.7.2. Cooled Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermal Imaging Demand Share Forecast, 2019-2026
10. Latin America Thermal Imaging Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermal Imaging Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermal Imaging Market Size and Volume Forecast by Application
10.4.1. Military
10.4.2. Civil
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermal Imaging Market Size and Volume Forecast by Type
10.7.1. Uncooled Type
10.7.2. Cooled Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermal Imaging Demand Share Forecast, 2019-2026
11. Europe Thermal Imaging Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermal Imaging Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermal Imaging Market Size and Volume Forecast by Application
11.4.1. Military
11.4.2. Civil
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermal Imaging Market Size and Volume Forecast by Type
11.7.1. Uncooled Type
11.7.2. Cooled Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermal Imaging Demand Share, 2019-2026
12. Asia Pacific Thermal Imaging Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermal Imaging Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermal Imaging Market Size and Volume Forecast by Application
12.4.1. Military
12.4.2. Civil
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermal Imaging Market Size and Volume Forecast by Type
12.7.1. Uncooled Type
12.7.2. Cooled Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermal Imaging Demand Share, 2019-2026
13. Middle East & Africa Thermal Imaging Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermal Imaging Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermal Imaging Market Size and Volume Forecast by Application
13.4.1. Military
13.4.2. Civil
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermal Imaging Market Size and Volume Forecast by Type
13.7.1. Uncooled Type
13.7.2. Cooled Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermal Imaging Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermal Imaging Market: Market Share Analysis
14.2. Thermal Imaging Distributors and Customers
14.3. Thermal Imaging Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. FLIR
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lockheed Martin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Raytheon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. L3 Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Thales Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Northrop
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BAE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Elbit
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DRS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fluke
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wuhan Guide
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Guangzhou SAT
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Dali
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
