Thermal Imaging Market in Asia Pacific Region is Expected to be Driven by Rising Demand for Thermal Cameras in Smartphones | Key Players 3M, Axis Communications, FLIR Systems, Fluke Corporation, L3 Technologies, Leonardo DRS, Raytheon, Testo SE & Co. KGaA

The Asia Pacific thermal imaging 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.

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. 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.

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The key players covered in this study: -

1. 3M
2. Allied Vision
3. Avon Protection Systems
4. Axis Communications
5. FLIR Systems
6. Fluke Corporation
7. L3 Technologies
8. Leonardo DRS
9. Magnitude Electronics Ltd
10. Raytheon
11. Testo SE & Co. KGaA
12. Tonbo Imaging
13. Xenics

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.

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The thermal imaging 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 devices 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 imaging market growth for the segment.

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Persistently being channelized by extensive technological interventions in tandem with the ever-expanding end-use landscape, thermal imaging market is likely to augment commendably in terms of remuneration over the ensuing years. The global thermal imaging market share is forecast to exceed USD 10 billion by 2024.

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