Thermal Imaging Market 2019 – Latest Technological Advancement, Detailed Analysis of Current and Post-COVID-19 Scenario, SWOT Analysis Forecasts by 2026 | FLIR Systems, Fortive, Axis Communications

Thermal Imaging Market Snapshot:

The global thermal imaging market is expected to grow at a CAGR of 6.0% and reach a market size of USD 4.6 billion by the end of the forecast period.

Thermal imaging is a technique of improving visibility of objects in a dark environment by detecting infrared radiation effectively and creating an image based on the information. Thermal imaging light can penetrate through any medium such as smoke, fog and haze, and this characteristic makes a thermal imaging camera useful for all sort of applications, such as security, surveillance and for military. Thermal imagining technology provides clear images on a display system through electronic signals that process the information gathered by the thermal imaging camera.

The increasing need for thermal inspections and monitoring in army, navy and air force sectors has been driving market growth as thermal imagining technology is cable of functioning in all weather conditions and day as well as night conditions. In addition, increasing applications of this technology across several industries, low cost of thermal imaging cameras and low environmental impact are some of the other factors driving market growth, globally. Furthermore, recent developments in unmanned aerial vehicles (UAV) with thermal imaging are likely to provide impetus to market growth as they present new opportunities for wildlife experts to inexpensively survey relatively large areas for agricultural, environmental and wildlife monitoring applications. For example, unmanned aerial vehicles (UAV) with thermal imaging for wildlife management include monitoring sea turtles, black bears, large land mammals, marine mammals and birds.

North America is pegged to be a prominent region in the thermal imaging market with rapid growth of commercial and residential applications due to the declining prices of thermal cameras. In addition, the presence of thermal imaging manufacturers and R&D centres in this region is expected to boost market growth in years to come. FLIR Systems (US), Fortive, L3 Technologies and United Technologies are some of the major players contributing to market growth in North America. Growth in the region can also be attributed to the use of thermal imaging in the U.S military.

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The Major Prominent Players Covered in this Report:
FLIR Systems, Fortive, Axis Communications, Leonardo, BAE Systems, L3 Technologies, United Technologies, Sofradir, Testo, Xenics, Seek Thermal & More.

By Type
Cameras
Modules
Scopes

By Application
Security & Surveillance
Monitoring & Inspection
Detection
Others

By Vertical
Aerospace & Defense
Industrial
Healthcare & Life Sciences

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Thermal Imaging in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Thermal Imaging market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Thermal Imaging and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Thermal Imaging. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Thermal Imaging market growth rate?
What are the key factors driving the global Thermal Imaging market?
Who are the key manufacturers in the Thermal Imaging market space?
What are the market opportunities, market risk, and market overview of the Thermal Imaging market?
What are sales, revenue, and price analysis of top manufacturers of the Thermal Imaging market?
Who are the distributors, traders, and dealers of the Thermal Imaging market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Thermal Imaging Industry?
What are sales, revenue, and price analysis by regions of Thermal Imaging industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Thermal Imaging Market Trends:
- The report identifies, determines, and forecasts the Global Thermal Imaging Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Thermal Imaging Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Thermal Imaging Market.

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