Thermal Imaging Market size is expected to exceed USD 10 billion by 2024. Thermal imaging was primarily used in military applications to analyze surroundings in dim-light situations such as fog and to assist in night-time operations. However, with the evolution of high-precision thermal cameras, it has emerged as one of the most significant tools across various industries. This is one of the major factors contributing toward the growth of thermal imaging market. —
Several industries have realized the significance of using thermal imaging cameras for their maintenance programs. To mitigate costly system failures, thermal imaging is being used by surveyors, electrical & mechanical engineers, environmental engineers, and plumbing engineers to scan overheating areas for any threats. This is propelling the thermal imaging market globally across various industries for maintenance.
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Advancements in imaging technology have augmented the thermal imaging market. Recently, infrared thermometers were used by manufacturing technicians, plumbers, building inspectors, HVACR technicians, electricians, and food processing inspectors for contact readings for single-spot measurement of temperature, which were not feasible for large areas. The introduction of thermal imaging cameras in the market has made the detection of faults very efficient compared to the conventional infrared thermometers.
A single thermal camera of resolution 80x60 pixels is equivalent to approximately 4,800 infrared thermometers. Moreover, thermal imaging cameras are easy to use as they are focus-free, compact, lightweight, and fully automatic. In addition, these cameras can be combined with reporting software and MSX technology. These features of new-generation cameras propel the thermal imaging market.
Moreover, thermal imaging market is witnessing an impressive growth owing to the increasing demand from law enforcement agencies and military sectors. Thermal imagers assist officers to manage surveillance activities effectively to discover & detain suspects, investigate crime scenes, and conduct search & rescue operations. Small, handheld thermal imagers have enabled agencies to move the technology from a position inside a locked case in the captain’s office to a position in the patrol car. This advancement in thermal imagers has made a significant impact on how the technology is being used on the streets in the real world.
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In addition, the emergence of unmanned aerial vehicles will further drive the growth of the thermal imaging market. The other applications of thermal imaging include detection of energy loss, poor insulation, electrical faults, and inspecting central heating systems by plumbing engineers. The increasing deployment of thermal imaging across various applications is driving the growth of the industry. Moreover, its increasing adoption in residential settings in developed nations, such as the U.S., for preventing crimes appears to be promising for the thermal imaging market in the future.
North America is projected to be the major thermal imaging market region due to the impressive adoption of this technology in surveillance. The presence of numerous key players is furthermore spurring the growth of North America thermal imaging market. The market may witness a slowdown in some of the established markets due to the diminishing budget in the military in countries including France.
The companies that contribute toward the growth of the market are FLIR Systems, Inc., Lockheed Martin, BAE Systems, Inc., Testo AG, Honeywell, and others. The companies are introducing innovative products in the market that are cost-effective to maintain a competitive edge over other players. For instance, in June 2017, DAHUA Technology launched its entry-level thermal mini hybrid bullet camera DH-TPC-BF2120 for the industrial market.
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Table of Contents (TOC) of the report:
Chapter 4. Thermal Imaging Market, By Product (Revenue, Shipment)
4.1. Key trends by product
4.2. Handheld/portable camera
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Fixed/mounted cores
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. Scopes & vision goggles
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Thermal Imaging Type Market, By Technology (Revenue, Shipment)
5.1. Key trends by technology
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.2.3. Market estimates and forecast, by end-use, 2013-2024
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.3.3. Market estimates and forecast, by end-use, 2013-2024
Chapter 6. Thermal Imaging Market, By End-Use (Revenue, Shipment)
6.1. Key trends by end-use
6.2.1. Market estimates and forecast, 2013-2024
6.2.2. Market estimates and forecast, by region 2013 – 2024
6.3.1. Market estimates and forecast, 2013-2024
6.3.2. Market estimates and forecast, by region 2013 – 2024
6.4. Government & Defense
6.4.1. Market estimates and forecast, 2013-2024
6.4.2. Market estimates and forecast, by region 2013 – 2024
6.5. Healthcare & life sciences
6.5.1. Market estimates and forecast, 2013-2024
6.5.2. Market estimates and forecast, by region 2013 – 2024
6.6.1. Market estimates and forecast, 2013-2024
6.6.2. Market estimates and forecast, by region 2013 – 2024
6.7.1. Market estimates and forecast, 2013-2024
6.7.2. Market estimates and forecast, by region 2013 – 2024
6.8.1. Market estimates and forecast, 2013-2024
6.8.2. Market estimates and forecast, by region 2013 – 2024
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