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What's Driving the Thermal Imaging Market Growth? BAE Systems, Cox, Dragerwerk AG & Co. KGaA, FLIR Systems, Inc., Fluke Corporation, General Starlight Company, Inc., L3 Technologies, Leonardo DRS

03-31-2020 09:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Thermal Imaging Market

Thermal Imaging Market

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.

Owing to the introduction of technologically-superior products by leading manufacturers of imaging solutions, the thermal imaging market has emerged as one of the most profitable niche verticals of the global electronics and media industry. The recent launch of Leonardo DRS, Inc.'s innovative Tenum(TM) 640 thermal imager stands testimony to the pioneering efforts being put in by major firms to develop high-performance systems for a variety of applications.

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Predominantly designed for original equipment manufacturers, the latest imager is said to be ideal for personal vision systems utilized in outdoor sporting, ground and aerial unmanned platforms for first responders, and other security and surveillance applications. Moreover, Tenum(TM) 640 thermal imager represents the most advanced and cost-effective breed of devices manufactured with the uncooled technology which has been garnering immense popularity across thermal imaging market.

Speaking in the similar context, the aforementioned instance further reinforces the prominence of uncooled technology in this business sphere. The recent developments in the said technology have resulted in the widescale adoption of thermal imaging devices in a diverse set of applications along the likes of personal vision systems, industrial imaging, residential security, and surveillance. In fact, the uncooled technology segment of thermal imaging market has been making swift progress in the recent years with the overall revenue collection of the segment estimated at USD 2.5 billion in the year 2017.

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 market.

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