What’s Driving the Thermal Imaging Market Trends? | Allied Vision, Axis Communications, FLIR Systems, Fluke Corporation, L3 Technologies, Leonardo DRS, Raytheon, Testo SE & Co. KGaA, Tonbo Imaging, Xenics

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 market 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 development of thermography products with better resolution in high definition and smart intelligence capability offers their wide adoption across the application segments of security, surveillance and industrial temperature measurement. The UAV and drone thermal imaging market represents a huge potential for growth as consumers make use of drones for the home inspection of heat loss zones. The FLIR Vue is a dedicated core for the drone market.

The major manufacturers covered in this report: -
1. 3M
2. Allied Vision
3. American Technologies Network, Corp.
4. Avon Protection Systems
5. Axis Communications
6. FLIR Systems
7. Fluke Corporation
8. L3 Technologies
9. Leonardo DRS
10. Raytheon
11. Testo SE & Co. KGaA
12. Tonbo Imaging
13. ULIS
14. Xenics
Some Points From Table of Content: -

Chapter 3. Thermal Imaging Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.2.1. Thermal infrared (IR) detector industry landscape
3.2.1.1. Thermal IR detector market size & forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Product manufacturers/OEMs
3.3.3. System integrators
3.3.4. Distribution channel analysis
3.3.5. End-use landscape
3.3.6. Vendor matrix
3.4. Technology landscape
3.4.1. Advanced Driver-Assistance Systems (ADAS)
3.4.2. Internet of Things (IoT)
3.4.3. Smartphone integration
3.4.4. UAV & drones
3.4.5. Video analytics
3.5. Price trend analysis, 2013 - 2024
3.6. Cost structure analysis
3.6.1. Assembly, test & calibration
3.6.2. Board electronics
3.6.3. Housing & packaging
3.6.4. IR sensor system
3.6.5. Lenses
3.7. Regulatory landscape
3.7.1. National Fire Protection Association (NFPA) Standards
3.7.2. Health & Safety at Work Act 1974
3.7.3. International Traffic in Arms Regulations
3.7.4. Export Administration Regulations (EAR)
3.7.5. Others
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. Increasing demand from military across the U.S.
3.8.1.2. Thermal building surveys in the UK
3.8.1.3. Growth of automotive night vision market in China
3.8.1.4. Stringent border security in Asia Pacific region
3.8.1.5. Growing awareness of thermal imaging in Latin America to combat crimes
3.8.1.6. Demand across oil & gas industries in the Middle East
3.8.2. Industry pitfalls and challenges
3.8.2.1. High cost of devices
3.8.2.2. Export restrictions
3.9. Growth potential analysis

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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.

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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Equipped with vanadium oxide based micro-bolometer sensor, this new thermal camera is claimed to be the smallest yet most effective of its kind in thermal imaging market. Persistently being channelized by extensive technological interventions in tandem with the ever-expanding end-use landscape, thermal imaging industry 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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