Thermal Imaging Market Type, Application, Industry and Geographical with Top Key Players like Fortive Corporation, Bae Systems, Flir Systems, Sofradir, Leonardo and Global Forecast to 2025

Global Thermal Imaging Market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Global Thermal Imaging Market accounted for USD 2.54 billion in 2017 and is projected to grow at a CAGR of 6.90% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Segmentation: Global Thermal Imaging Market

The global thermal imaging market is Segmented based on

• Type,
• Application,
• Industry and
• Geographical segments.

Based on type, the market is segmented into

• Cameras,
• Modules And
• Scopes.

On the basis of Application, the market is segmented into detection, security and surveillance, monitoring and inspection. Detection is sub segmented into gas detection, body temperature measurement, research and development, fire or flare detection and level measurement. Security and surveillance is sub segmented into tracking, perimeter security and unmanned aerial vehicle (UAV). Monitoring and inspection is sub segmented into quality assessment, machine condition monitoring, heating, ventilation, and air conditioning (HVAC) and structural health monitoring.

On the Basis Of Industry, the market is segmented into:-

• Residential,
• Commercial,
• Industrial,
• Aerospace And Defense,
• Oil And Gas,
• Food And Beverages,
• Automotive,
• Healthcare and
• Life Sciences.

Based on Geography, the market report covers data points for 28 countries across multiple geographies such as:-

• North America,
• South America,
• Europe,
• Asia-Pacific and
• Middle East & Africa.

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Major Market Competitors: Global Thermal Imaging Market

Some of the major players in global thermal imaging market are

• L3 Technologies,
• Fortive Corporation,
• Bae Systems,
• Flir Systems,
• Sofradir,
• Leonardo,
• Allied Vision,
• Dali Technology,
• United Technologies,
• Xenics,
• Axis Communications,
• Testo SE,
• Thermoteknix Systems,
• Seek Thermal and
• Opgal Optronic Industries Limited among others.

Major Market Drivers:

• Dispersion in machine vision based applications
• Price reduction of thermal imaging products
• Reduction of camera cores with respect to enter new application areas
• Growing adoption of thermal imaging in perimeter security

Market Definition: Global Thermal Imaging Market

Thermal imaging is technique for enhancing visibility of items in dark environment by distinguishing the objects’ infrared radiation and making a picture in view of that data. Thermal imaging extends the scope of assignments a robotic device that can be performed in high hazard conditions or amid crises. Its cameras can be exceptionally exact which requires just a little measure of heat to work effectively. One of the factors which have led to drive the thermal imaging market is continuous product launch of thermal imaging products. For instance, Overview Limited launched a series of thermal imaging cameras which functions interchangeable along with previous along with previous Irisys IRI 6000 and IRI 5000 series products, contributes seamless continuity of supply. On April, 2017, FLIR Systems, Inc. launched a thermal imaging and temperature measurement solution named as FLIR ETS320 which will provide a new thermal outlook on electronics testing. Thus with the continuous advancement made by different manufacturers will drive the market in the forecasting period.

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