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Thermal Imager Market 2018 Top Manufacturers: BAE Systems Imaging Solution, Leonardo DRS, L-3 Technologies, Raytheon, Seek Thermal, ULIS (Sofradir), Testo SE, Fluke Corporation, Xenics NV, Wuhan Guide Infrared Co., Ltd., ULIS, Tonbo Imaging, hermoteknix S
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Personal vision system devices are expected to register the fastest growth due to the availability of low-cost solutions and demand for technology in consumer outdoor use such as hunting and mountain sports, law enforcement, and border patrol. The emergence of unmanned and airborne vehicles in defense applications is expected to stimulate thermal imager market growth.
World Thermal Imager Market is set to grow from its current market value of $5.5 billion to more than $10 billion by 2024, to grow at 8% CAGR
Industry Growth drivers –
• Increasing demand from military across the U.S.
• Thermal building surveys in the UK
• Growth of automotive night vision market in China
• Stringent border security in Asia Pacific region
• Growing awareness of thermal imaging in Latin America to combat crimes
• Demand across oil & gas industries in the Middle East
The thermal imager market is characterized by the compliance of these products with industry standards such as the National Fire Protection Association (NFPA) 1801 standard, the Ingress Protection (IP) rating 65,67 and the regulations imposed on the export of such devices including the U.S. International Traffic in Arms Regulations and the Export Administration Regulations (EAR). Such regulatory compliances ensure the device?s reliability and performance even under adverse conditions and prevent misuse and trafficking for illegal purposes.
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 imager 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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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 imager 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.
Browse Full Report: https://www.gminsights.com/industry-analysis/thermal-imaging-market
Key vendors in the thermal imager market include FLIR System, BAE Systems Imaging Solution, Leonardo DRS, L-3 Technologies, Raytheon, Seek Thermal, ULIS (Sofradir), Testo SE, Fluke Corporation, Xenics NV, Wuhan Guide Infrared Co., Ltd., ULIS, Tonbo Imaging, hermoteknix Systems, Seek Thermal, Raytheon, Palmer Wahl Instrumentation Group, Opgal Optronic Industries Limited, Magnity Electronics, Leonardo DRS, General Starlight Company Inc., 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., Thermoteknix Systems, Tonbo Imaging, ULIS, Wuhan Guide Infrared Co., Ltd., Xenics NV
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