Thermal Imaging Systems Market Overview by New Innovations and Technology 2019

The scope of the report is segmented by technology includes cooled, uncooled, form factor includes handheld imaging devices and systems, fixed mounted systems and end user industry are limited to industrial, security & surveillance, thermography, consumer electronics, and transportation. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.

Global market for Thermal Imaging Systems market was valued at USD 2.58 billion in 2017, and is expected to reach a value of USD 4.46 billion by 2023, at a CAGR of 7.78 %, during the forecast period (2018 - 2023). 

Growing Demand for Military Modernization Programs:

Globally, there has been a trend of instability and increase in the number of violent crimes across different regions. There is an increasing trend of cross-border terrorism across the provinces. There are many countries facing insurgency issues across the border from their neighboring countries. Also, the new dimensions of terrorism are causing great losses for many government and non-governmental organizations. These factors are raising the need for modernization programs of the military equipment to maintain deterrent capabilities. These factors are boosting the market for advanced technologies, like thermal imaging systems.

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Top Leading Companies are:  FLIR SYSTEMS, L-3 COMMUNICATIONS HOLDINGS, ULIS S.A.S, LOCKHEED MARTIN, BAE SYSTEMS PLC, DRS TECHNOLOGIES, INC. (LEONARDO DRS), ELBIT SYSTEMS LTD. RAYTHEON COMPANY, SOFRADIR SAS, and THERMOTEKNIX SYSTEMS LTD., amongst other.

Key Developments in the Market:

April 2017 - ULIS, a manufacturer of innovative thermal sensors, announced the launch of Atto320TM, the first in a family of 12-micron, stand-alone, image sensors. The 12-micron pixel pitch is the new industry standard in thermal image sensors for market applications, where reducing the overall size and cost of the camera are important. Key markets include the outdoor leisure/observation, thermography and surveillance sectors. Atto320 brings sharply focused and accurate images, compactness, and extended battery-life to handheld camera makers. The advantage of offering Atto320 as a stand-alone component is that system integrators have ultimate flexibility in configuring designs that meet their specific performance needs, enabling them to offer true product differentiation to end-users. Other 12-micron products are sold either as modules or thermal camera cores, where access to the thermal image sensors performance parameters is restricted

Fixed Mounted Systems has a Major Market Share:

Fixed mounted systems are widely employed in surveillance due to their longer range, high power, and capabilities. Fixed standoff laser detection systems are used in the military to identify toxic chemicals. Accuracy is crucial in the battleground and in a turbid environment, like that creates a need for higher power systems. The fixed mounted systems are used in the defense and civil aircrafts, as they have the ability to provide fast and reliable data, imperative in this case. Additionally, the innovation in technology has led to a close integration of thermal and digital cameras, where the thermal image is superimposed over the original image giving better understanding to the user. Such thermal imaging systems are expected to receive high acceptance especially in the case of fixed mounted systems.

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Essential points covered in Global Thermal Imaging Systems Market 2018 Research are:-

What will the market size and the growth rate be in 2023?
What are the key factors driving the Global Thermal Imaging Systems market?
What are the key market trends impacting the growth of the Global Thermal Imaging Systems market?
What are the challenges to market growth?
Who are the key vendors in the Global Thermal Imaging Systems market?
What are the market opportunities and threats faced by the vendors in the Global Thermal Imaging Systems e market?
What are the key outcomes of the five forces analysis of the Global Thermal Imaging Systems market?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Reasons to Buy:

Current and future Thermal Imaging Systems market outlook in the developed and emerging markets.
Analyzing various perspectives of the market with the help of Porters five forces analysis.
The segment that is expected to dominate the market.
Regions that are expected to witness fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in excel).

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