Global Thermal Imaging Market By 2024 Key Players: FLIR Systems, BAE Systems, Raytheon, Leonardo DRS, Testo SE, L-3 Technologies, Seek Thermal, ULIS, Fluke Corporation, 3M Scott, Allied Vision, ATN Corp., Avon Protection Systems

Market Overview: -

Thermal Imaging Market set to cross USD 10 billion by 2024. Technological advancements in thermographic imagery have led to the development of mobile solutions for numerous applications including surveillance, remote sensing, and space imaging. The performances of thermal cameras is based on their bandwidth and spectral sensitivity for a broad range of applications. The emergence and incorporation of communication interfaces have favorably impacted the user adoption, driving the global thermal imaging market growth.

Due to the economic slowdown in recent years, most of the countries including the U.S., the UK, and France have been cautious with their military funding. Any defense budget cut may inhibit the growth of the thermal imaging market. In addition, the high cost of devices may deter smaller and niche application segments from investing in the technology thereby posing a challenge to the industry growth.

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Top Key Players: -

Key vendors in the thermal imaging market include FLIR Systems, BAE Systems, Raytheon, Leonardo DRS, Testo SE, L-3 Technologies, Seek Thermal, ULIS (Sofradir), and Fluke Corporation, 3M Scott, Allied Vision, American Technologies Network (ATN) Corp., Avon Protection Systems Inc., Axis Communications, Bae Systems Imaging Solutions, COX, Dali Technology, Draeger Safety Inc., General Starlight Company Inc. (GSCI), L3 Technologies, Leonardo DRS, Magnity Electronics, Raytheon, Testo SE, etc.

Market share calculation in this report is not done based on companies covered in it. The calculation of thermal imaging market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

The Asia Pacific market is largely driven by the rising demand for thermal cameras in smartphones and the availability of low-cost imagers. The MEA thermal imaging market is expected to witness a sharp growth owing to the favorable infrastructure development trends and the rising demand across oil & gas industries in the region.

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Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope

1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.1.4.1. Definitions
1.1.4.2. Assumptions, methodology and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Thermal imaging industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Technology trends
2.1.4. End-use industry trends
2.1.5. Application trends
2.1.6. Regional trends

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Scopes & vision goggles offer the flexibility of day and night time use even under adverse weather conditions such as fog or smoke. Riflescopes enable military personnel to read off the target’s heat signatures for the most accurate position decision. Most riflescopes feature several color palates for better visualization and are more expensive than the monochrome models. Geopolitical unrest and the need for technologically-equipped border patrol are expected to drive thermal imaging market growth for the segment.

Cooled cameras are more expensive and bulkier owing to the requirement of cryogenic cooling units; however, they provide superior imagery and are therefore are preferably used in life sciences, healthcare, special industrial detection, and automotive applications. With their superior sensitivity, the cooled camera is largely suitable for long-range imaging in low-contrast scenes. Nuclear power plants, airports, pipelines, high-security buildings, correctional facilities, and other sensitive areas also benefit from detailed imagery offered by cooled camera systems.

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