Thermal Imaging Technologies Market Scope, Technological Advancement Growth Analysis by 2028 | Top Players: Elbit Systems Ltd, Raytheon Company, Lockheed Martin, Fluke Corporation, BAE Systems PLC, Leonardo DRS, Inc., Sofradir SAS

The Global Thermal Imaging Technologies Market is projected to reach USD 5.13 billion by 2028, growing at a CAGR of 5.1% during the forecast period. The research study presented in this report provides a comprehensive and insightful overview of the market, segmentation, dynamics and geographic development of the Global thermal imaging technologies Market. The research study is designed using in-depth qualitative and quantitative analysis of the global market for thermal imaging technologies.

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Thermal imaging helps to enhance visibility by sensing infrared radiation of the objects and creating an image based on that data. Progress in thermal imaging systems and their related technologies have reached numerous verticals over the years, sectors such as Aerospace and Defense, Thermography, Safety and Surveillance, NDT, and others have increasing the scope of the thermal imaging technologies market.

The global thermal imaging technologies market has been segmented based on technology, form factor application, and region. Based on the technology the market is further segmented into Cooled, Uncooled. Based on the application, the market is classified as Industrial, Security & Surveillance, Thermography, Consumer Electronics, Transportation, Others. Security & Surveillance is anticipated to be a prime segment of the thermal imaging technologies market during the forecast period. The rise in the military modernization program includes the application of thermal imaging systems which will drive the market during the forecast period.

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The thermal imaging technologies market report presents an in-depth assessment of the offering of various players- Flir Systems Inc., Technologies, Inc., Ulis S.A.S., Elbit Systems Ltd, Raytheon Company, Lockheed Martin, Fluke Corporation, BAE Systems PLC, Leonardo DRS, Inc., Sofradir SAS, Thermoteknix Systems Ltd, and Testo SE & Co. KGaA. Their strategies to consolidate their shares or positions and their insight into brand positioning strategies for key traction players are studied here. The analysis in the report looks at the investment patterns of leading players more closely.

Based on the region, the global thermal imaging technologies market is bifurcated into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America is expected to dominate the market due to the continuous evolution and use of new techniques.

Key Developments in the Thermal Imaging Technologies Market:

In June 2018, Thales S.A. (France) introduced Sophie Ultima, a thermal imager designed to give tactical superiority through collaborative and augmented imaging capability at night and by the day. It is a lightweight four in one thermal imager combining tactical binoculars, infrared target locator, daytime laser rangefinder, and teleconverter.

In March 2019, FLIR Systems Inc. (US) announced the acquisition of Endeavor Robotic Holdings Inc. (US), a leading developer of tried and tested unmanned tactical ground vehicles (UGVs) for worldwide military, government security and critical infrastructure markets. FLIR will be leveraging its thermal imaging and adjacent technologies to provide innovative, intelligent solutions for the new segments of the acquisition.

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This report shows the volume of sales, revenue (US$ million), product quality, market share and growth rate of each form. The global thermal imaging technologies market report monitors the size of demand for key product types and applications patterns that affect the sales shares of different products in key regions. The global thermal imaging technologies market report provides insights into the revenues and volumes generated by key end-users. The study provides an analysis of goods that attracted significant investments from existing players and new entrants.

Market Segmentation:

By Technology:
o Cooled
o Uncooled

By Form Factor:
o Handheld
o Fixed Mounted

By Application:
o Industrial
o Security & Surveillance
o Thermography
o Consumer Electronics
o Transportation
o Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Technology
o By Form Factor
o By Application

Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Technology
o By Form Factor
o By Application

Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Technology
o By Form Factor
o By Application

Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Technology
o By Form Factor
o By Application

Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Technology
o By Form Factor
o By Application

Rest of the World
o By Region (South America, Africa)
o By Technology
o By Form Factor
o By Application

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