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Global Thermal Imaging Market Report 2025: Thriving with a Compound Annual Growth Rate of 10.4% and Multi-Spectral Thermal Imaging Solutions Trending
A comprehensive overview of the thermal imaging market trends, key growth drivers and the rising significance of this technology in areas like surveillance, security needs, and more.What Is The Projected Market Size Of The Global Thermal Imaging Market And Its Growth Rate?
• The thermal imaging market size has grown rapidly from $7.57 billion in 2024 to $8.36 billion in 2025, showcasing a Compound Annual Growth Rate (CAGR) of 10.4%.
• The strong growth can be attributed to military and defense applications, industrial inspections, building and infrastructure inspections, law enforcement and public safety, medical diagnosis.
• The market size is anticipated to reach $13.31 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 12.3%. The projected growth is driven by areas such as surveillance and security needs, infrastructure development, firefighting and emergency response, health screening, automotive safety.
What Is Driving The Growth In The Thermal Imaging Market?
The augmentation in government expenditure in the aerospace and defense sector is significantly driving the growth of the thermal imaging market. This improved technology assists in the surveillance and observation in these domains, requiring additional surveillance. A major instance is the rise in the total global military expenditure, reaching $2,443 billion in 2023, with a real-term increase of 6.8 percent compared to 2022, according to the Stockholm International Peace Research Institute. The top nations including the United States, China, and Russia increased their defense budgets, leading to the driving force in the thermal imaging market.
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Who Are the Key Players Driving Thermal Imaging Market Growth?
• RTX Corporation
• Canon Inc.
• BAE Systems plc
• L3HARRIS Technologies Inc.
• Hangzhou Hikvision Digital Technology Co Ltd.
• Zhejiang ULIRvision Technology Co Ltd.
• Leonardo S.p.A.
• Teledyne Technologies Incorporated
• Sofradir SAS
• FLIR Systems Inc.
• Axis Communications AB
• Fluke Corporation
• Jenoptik AG
• Testo SE & Co KGaA
• Wuhan Guide Sensmart Tech Co Ltd.
• Guide Infrared Co Ltd.
• Nippon Avionics Co Ltd.
• Thermoteknix Systems Ltd.
• InfraTec Infrared LLC
• Xenics NV
• Opgal Optronic Industries Ltd.
• Cantronic Systems Inc.
• Tonbo Imaging Pvt Ltd.
• MoviTHERM
• New Imaging Technologies
• Seek Thermal Inc.
• Argus Thermal Imaging Cameras
What Are The Key Trends In The Thermal Imaging Market?
• High-resolution thermal imaging for surveillance
• Application of thermal imaging in building and infrastructure inspection
• Innovation in thermal imaging for agricultural and environmental monitoring
• Utilization of thermal imaging in industrial predictive maintenance
• Development of multi-spectral thermal imaging solutions
What Are The Segments Of The Global Thermal Imaging Market?
• By Type: Thermal Cameras, Thermal Scopes, Thermal Modules
• By Technology: Cooled, Uncooled
• By Wavelength: Shortwave Infrared, Mid Wave Infrared, Long Wave Infrared
• By Application: Thermography, Surveillance, Personal Vision Systems?, Fire Fighting?, Smartphones (Ruggedized), Other Applications
• By Vertical: Aerospace And Defense, Law enforcement, Healthcare, Automotive, Oil And Gas, Residential, Manufacturing, Other Verticals
Which Region Leads The Thermal Imaging Market?
North America was the largest region in the thermal imaging market in 2024. Along with North America, the thermal imaging market report also covers Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Thermal Imaging Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Thermal Imaging Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Thermal Imaging Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Thermal Imaging Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Thermal Imaging Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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