Thermal Imaging Market by Key Vendors: FLIR System, Leonardo DRS, Testo SE, Fluke Corporation, ULIS, Seek Thermal, Raytheon, Magnity Electronics, Leonardo DRS, 3M Scott, ULIS, Wuhan Guide Infrared Co., Ltd., Xenics NV

Thermal imaging market share from automotive applications, as per reports, is slated to cross USD 900 million by 2024. The escalating revenue graph of the business space can primarily be credited to the increasing penetration of self-driving cars in automotive space. With these autonomous vehicles equipped with advanced features like high-resolution cameras, LIDAR, the domain has turned out to be a viable investment avenue for thermal imaging industry players.

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With the onslaught of technological advancements, thermal imaging market has emerged to be one of the most rapidly evolving verticals of the dynamic electronics & media industry. In an era of connected technologies like machine learning, artificial intelligence, and IoT, the business space has been lately experiencing extensive profiling of its application terrain.

By Product
• Handheld/portable camera
• Fixed/mounted cores
• Scopes & vision goggles
By Technology
o Cooled
o Uncooled
By End-Use
• Automotive
• Commercial
• Government & defense
• Healthcare & life sciences
• Industrial
• Residential
• Others
By Application
• Detection & measurement
• Monitoring & inspection
• Personal vision systems
• Search & rescue
• Security & surveillance

The fact is quite vividly coherent from the incessant efforts undertaken by thermal imaging industry players to bring forth novelty in their product portfolio. In a recent turn of events, FLIR, one of the top-notch thermal imaging industry giants launched its free machine learning dataset which is touted to bring a revolution of sorts in the automotive or rather autonomous vehicle navigation landscape.

The thermal dataset designed for ADAS and self-driving vehicles features a compilation of over 10000 annotated thermal images of both the day and night scenarios. Encompassing a portfolio that is claimed to be the first of its kind in thermal imaging marketplace, the aforementioned thermal imaging dataset starter reportedly allows developers to test and evolve CNN (convolutional neural networks) with the company’s patent ADK (Automotive Development Kit). The thermal dataset is claimed to commence commercialization in July this year with an anticipation of a price dip in these sensors, in a bid to expand its reach across millions of autonomous vehicles.

Speaking along similar lines, the automotive sector unquestionably is one of the lucrative end-use domains for thermal imaging market. The rising percentage of low light traffic crashes especially across developed nations is bound to generate a considerably higher demand for these advanced camera systems, subject to its ability to enable vision even during nighttime. Estimates suggest that a disproportionate number of road accidents occur during low light conditions. Despite the fact that there is 60% reduction in road traffic, 40% of the fatal road accidents happen during nighttime, cite sources. According to NHTSA (National Highway Traffic Administration System) in the year 2015, around 5376 pedestrians were reported to be have died from traffic crashes at nighttime. These estimations give a clear picture of the earnest requirement of integrating thermal imaging in modern vehicles.

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Recently, Seek Thermal, the U.S. based company has unveiled its latest high-resolution thermal imaging camera at the Consumer Electronics Show for automotive aftermarket. Reportedly this new camera can be seamlessly incorporated with existing infotainment systems. Equipped with thermal sensors of 320 x 240 resolution capacity, this new thermal imaging camera by the company claims to provide high image clarity. Complementing with its outstanding features, the news that the latest camera is available at quite an affordable price further adds to its positioning in thermal imaging industry.
In recent years, most of the contemporary innovations that thermal imaging market is characterized by grounds on two major rationales – cost and resolution.

Most of the high resolution thermal cameras nowadays are available at comparatively reasonable price. Another anticipating trend of miniaturization of cores is also bringing a plethora of advancements in the business space particularly from industrial applications.

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Some of the key vendors identified in the thermal imaging 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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