Global Thermal Imaging Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global thermal imaging market comprises a host of key players-
Axis Communications (Sweden), Leonardo (Italy), FLIR Systems (US), Fortive (US), United Technologies (US), Sofradir (France), L3 Technologies (US), BAE Systems (UK), Testo (Germany), Xenics (Belgium), and Seek Thermal (US). The players in the market are making constant efforts and investing in various research-based activities to ensure their topmost standing and positioning in the market.
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The report published on the global thermal imaging market revealed the growth to be at a notable pace. The valuation of the thermal imaging market was further stated to surpass its previous valuation.
Advances in the field of thermal imaging can be attributed to the increasing need for thermal-based inspections and monitoring across the military sector. Additionally, it was reported that the introduction of unmanned aerial vehicles in airborne thermal imaging will massively boost the growth of the market. The growing focus on technological advancement in regard to thermal imaging components is expected to allow manufacturers offer new opportunities to the players in the market.
Low pricing of thermal imaging solutions, rising utilization of the technology across different industries, adoption of thermal imaging sensors in smartphones, and less impact on the environment are some of the key factors that are boosting the market. Some of the key players in the market of thermal imaging are laying focus on investing a massive amount in R&D activities in order to introduce cost-effective and technologically advanced products that meets customer needs and differentiates from the competitors. On the other hand, the extra detailing needed for longwave infrared cameras and export limitations can challenge the growth of the market in the coming years of the forecast period.
- Companies in the thermal imaging market
- Electronics and semiconductor companies
- Technical standards organizations
- Investment communities in the market
- Research institutes and organizations
- Government and financial institutions
- Venture capitalists
- Private equity firms
- Analysts and strategic business planners
- Investors and consultants
- Research/Consultancy Firms
The global market for thermal imaging has been segmented in terms of type and applications.
By application, the market segments into monitoring & inspection, security & surveillance, and detection. The security & surveillance segment is further broken down into unmanned aerial vehicle (UAV), perimeter security, and tracking. On the other hand, the monitoring & inspection segment is narrowed down into quality assessment, structural health monitoring, machine condition monitoring, and HVAC. Lastly, the detection segment is classified into body temperature measurement, gas detection, level measurement, fire/flare detection, and research & development.
By vertical, the market comprises aerospace & defense, commercial, industrial, healthcare & life sciences, oil & gas, residential, automotive, and food & beverages.
The global Thermal Imaging Market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. North America is the dominant regional player in the global marker for thermal imaging. The region’s dominance can be attributed to the presence of various R&D centers and thermal imaging product manufacturers. The major factor boosting the market herein is the significantly high demand for thermal imaging devices across different law enforcement activities and industrial and commercial sectors.
Elsewhere, in Europe, growing demand for security and surveillance applications and decreasing cost for thermal cameras are some of the major factors boosting the growth of the regional market. In Asia Pacific, the thermal imaging market is projected to grow at a considerably high pace due to the rising demand for the technology with its increasing deployment in military organizations. Growing awareness concerning thermal imaging application areas like monitoring, detection, and inspection is boosting the market and offering new opportunities, especially across geographies with high industrial demand like Latin America, China, India, and the Middle East.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Thermal Imaging Market
5 Industry Overview Of Global Thermal Imaging Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
LIST OF TABLES
Table 1 Global Thermal Imaging Market, By Region, 2018–2023
Table 2 North America: Thermal Imaging Market, By Country, 2018–2023
Table 3 Europe: Thermal Imaging Market, By Country, 2018–2023
Table 4 Asia Pacific: Thermal Imaging Market, By Country, 2018–2023
Table 5 Middle East & Africa: Thermal Imaging Market, By Country, 2018–2023
Table 6 Latin America: Thermal Imaging Market, By Country, 2018–2023
Table 7 Global Thermal Imaging Type Market, By Region, 2018–2023
Table 8 North America: Thermal Imaging Type Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Thermal Imaging Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Thermal Imaging Market
FIGURE 4 Value Chain Of Global Thermal Imaging Market
FIGURE 5 Share Of Global Thermal Imaging Market In 2017, By Country (In %)
FIGURE 6 Global Thermal Imaging Market, 2018–2023
FIGURE 7 Sub-Segments Of Type
FIGURE 8 Global Thermal Imaging Market Size, By Type, 2017
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