Global Thermal Imaging Market is valued approximately USD 2.84 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2023-2030. The thermal imaging market refers to the market for thermal imaging technology, which is used to capture and display images of heat radiation emitted by objects and surfaces. Thermal imaging cameras and sensors capture the infrared radiation emitted by objects and convert it into an image that can be analyzed and interpreted for a wide range of applications, including surveillance and security, industrial inspection, healthcare, and firefighting. The major driving factor for the Global Thermal Imaging Market are increasing demand of thermal imaging in various industries and growing awareness of safety and security. Moreover, the government initiatives and regulations and increasing demand for non-invasive screening and diagnostics is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
Government initiatives and regulations aimed at improving industrial safety and security, as well as healthcare screening and diagnostics, are driving the adoption of thermal imaging technology in various applications. The Occupational Safety and Health Administration (OSHA) in the United States has implemented regulations aimed at improving industrial safety and preventing accidents in hazardous environments. Thermal imaging technology is being used in various industries to detect potential issues before they become critical problems and to improve safety and productivity. Along with this, in 2020, the European Union (EU) has implemented regulations for medical devices, including thermal imaging cameras used for non-invasive screening and diagnostics. In addition, many countries, such as India, are investing in healthcare screening and diagnostics programs to improve public health using thermal imaging technology. However, the high cost of Thermal Imaging stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Thermal Imaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The North American thermal imaging market is expected to dominate the market due to the increasing demand for thermal imaging solutions in various applications, such as surveillance and security, industrial inspection, and healthcare. The presence of key players, such as FLIR Systems and Raytheon Technologies, is also expected to contribute to the growth of the market in this region. The Asia Pacific thermal imaging market is expected to grow rapidly due to the increasing demand for thermal imaging solutions in applications such as surveillance, firefighting, and industrial inspection. The increasing investment in infrastructure development in countries like China and India is also expected to drive the growth of the market in this region.
Major market players included in this report are:
- BAE System Plc (Farnborough, United Kingdom)
- Leonardo S.p.A. (Rome, Italy)
- Thales Group (La Defense, France)
- FLIR Systems, Inc. (Oregon, United States)
- American Technologies Network Corporation (California, United States)
- Fluke Corporation (Washington, United States)
- Thermoteknix Systems Ltd. (Cambridge, United Kingdom)
- Seek Thermal, Inc. (California, United States)
- Cantronic Systems, Inc. (British Columbia, Canada)
- Excelitas Technologies Corp. (Waltham, Massachusetts, United States)
Recent Developments in the Market:
- In February 2020, FLIR Systems, Inc. introduced the FLIR A8580 series of thermal cameras that are specifically designed for military, scientific, industrial, and product research and development (R&D) applications. This new solution offers high-speed recording capabilities to capture blur-free images of fast-moving objects.
Global Thermal Imaging Market Report Scope:
- Historical Data: - 2020 - 2021
- Base Year for Estimation: - 2022
- Forecast period: - 2023-2030
- Report Coverage: - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: - Product, Application, Type, Technology, Wavelength, Vertical, Region
- Regional Scope: - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
- Thermal Camera
- Thermal Scopes
- Thermal Module
By Application:
- Border Surveillance
- Vehicle Targeting
- C-UAS
- Maritime & Coastal Surveillance
- Critical Infrastructure
- Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
By Type:
By Technology:
By Wavelength:
- Shortwave Infrared (SWIR)
- Mid-wave Infrared (MWIR)
- Longwave Infrared (LWIR)
By Vertical:
- Aerospace and Defense
- Law Enforcement
- Healthcare
- Automotive
- Oil and Gas
- Residential
- Manufacturing
- Others (Utility, Chemical, etc.)
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Thermal Imaging Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Thermal Imaging Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Thermal Imaging Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Thermal Imaging Market, by Type, 2020-2030 (USD Billion)
- 1.2.5. Thermal Imaging Market, by Technology, 2020-2030 (USD Billion)
- 1.2.6. Thermal Imaging Market, by Wavelength, 2020-2030 (USD Billion)
- 1.2.7. Thermal Imaging Market, by Vertical, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Thermal Imaging Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Thermal Imaging Market Dynamics
- 3.1. Thermal Imaging Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand of thermal imaging in various industries
- 3.1.1.2. Growing awareness of safety and security
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Thermal Imaging
- 3.1.3. Market Opportunities
- 3.1.3.1. Government initiatives and regulations
- 3.1.3.2. Increasing demand for non-invasive screening and diagnostics
Chapter 4. Global Thermal Imaging Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Thermal Imaging Market, by Product
- 5.1. Market Snapshot
- 5.2. Global Thermal Imaging Market by Product, Performance - Potential Analysis
- 5.3. Global Thermal Imaging Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 5.4. Thermal Imaging Market, Sub Segment Analysis
- 5.4.1. Thermal Camera
- 5.4.2. Thermal Scopes
- 5.4.3. Thermal Module
Chapter 6. Global Thermal Imaging Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Thermal Imaging Market by Application, Performance - Potential Analysis
- 6.3. Global Thermal Imaging Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Thermal Imaging Market, Sub Segment Analysis
- 6.4.1. Border Surveillance
- 6.4.2. Vehicle Targeting
- 6.4.3. C-UAS
- 6.4.4. Maritime & Coastal Surveillance
- 6.4.5. Critical Infrastructure
- 6.4.6. Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
Chapter 7. Global Thermal Imaging Market, by Type
- 7.1. Market Snapshot
- 7.2. Global Thermal Imaging Market by Type, Performance - Potential Analysis
- 7.3. Global Thermal Imaging Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 7.4. Thermal Imaging Market, Sub Segment Analysis
- 7.4.1. Handheld
- 7.4.2. Fixed/Mounted
Chapter 8. Global Thermal Imaging Market, by Technology
- 8.1. Market Snapshot
- 8.2. Global Thermal Imaging Market by Technology, Performance - Potential Analysis
- 8.3. Global Thermal Imaging Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
- 8.4. Thermal Imaging Market, Sub Segment Analysis
- 8.4.1. Cooled
- 8.4.2. Uncooled
Chapter 9. Global Thermal Imaging Market, by Wavelength
- 9.1. Market Snapshot
- 9.2. Global Thermal Imaging Market by Wavelength, Performance - Potential Analysis
- 9.3. Global Thermal Imaging Market Estimates & Forecasts by Wavelength 2020-2030 (USD Billion)
- 9.4. Thermal Imaging Market, Sub Segment Analysis
- 9.4.1. Shortwave Infrared (SWIR)
- 9.4.2. Mid-wave Infrared (MWIR)
- 9.4.3. Longwave Infrared (LWIR)
Chapter 10. Global Thermal Imaging Market, by Vertical
- 10.1. Market Snapshot
- 10.2. Global Thermal Imaging Market by Vertical, Performance - Potential Analysis
- 10.3. Global Thermal Imaging Market Estimates & Forecasts by Vertical 2020-2030 (USD Billion)
- 10.4. Thermal Imaging Market, Sub Segment Analysis
- 10.4.1. Aerospace and Defense
- 10.4.2. Law Enforcement
- 10.4.3. Healthcare
- 10.4.4. Automotive
- 10.4.5. Oil and Gas
- 10.4.6. Residential
- 10.4.7. Manufacturing
- 10.4.8. Others (Utility, Chemical, etc.)
Chapter 11. Global Thermal Imaging Market, Regional Analysis
- 11.1. Top Leading Countries
- 11.2. Top Emerging Countries
- 11.3. Thermal Imaging Market, Regional Market Snapshot
- 11.4. North America Thermal Imaging Market
- 11.4.1. U.S. Thermal Imaging Market
- 11.4.1.1. Product breakdown estimates & forecasts, 2020-2030
- 11.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 11.4.1.3. Type breakdown estimates & forecasts, 2020-2030
- 11.4.1.4. Technology breakdown estimates & forecasts, 2020-2030
- 11.4.1.5. Wavelength breakdown estimates & forecasts, 2020-2030
- 11.4.1.6. Vertical breakdown estimates & forecasts, 2020-2030
- 11.4.2. Canada Thermal Imaging Market
- 11.5. Europe Thermal Imaging Market Snapshot
- 11.5.1. U.K. Thermal Imaging Market
- 11.5.2. Germany Thermal Imaging Market
- 11.5.3. France Thermal Imaging Market
- 11.5.4. Spain Thermal Imaging Market
- 11.5.5. Italy Thermal Imaging Market
- 11.5.6. Rest of Europe Thermal Imaging Market
- 11.6. Asia-Pacific Thermal Imaging Market Snapshot
- 11.6.1. China Thermal Imaging Market
- 11.6.2. India Thermal Imaging Market
- 11.6.3. Japan Thermal Imaging Market
- 11.6.4. Australia Thermal Imaging Market
- 11.6.5. South Korea Thermal Imaging Market
- 11.6.6. Rest of Asia Pacific Thermal Imaging Market
- 11.7. Latin America Thermal Imaging Market Snapshot
- 11.7.1. Brazil Thermal Imaging Market
- 11.7.2. Mexico Thermal Imaging Market
- 11.8. Middle East & Africa Thermal Imaging Market
- 11.8.1. Saudi Arabia Thermal Imaging Market
- 11.8.2. South Africa Thermal Imaging Market
- 11.8.3. Rest of Middle East & Africa Thermal Imaging Market
Chapter 12. Competitive Intelligence
- 12.1. Key Company SWOT Analysis
- 12.1.1. Company 1
- 12.1.2. Company 2
- 12.1.3. Company 3
- 12.2. Top Market Strategies
- 12.3. Company Profiles
- 12.3.1. BAE System Plc (Farnborough, United Kingdom)
- 12.3.1.1. Key Information
- 12.3.1.2. Overview
- 12.3.1.3. Financial (Subject to Data Availability)
- 12.3.1.4. Product Summary
- 12.3.1.5. Recent Developments
- 12.3.2. Leonardo S.p.A. (Rome, Italy)
- 12.3.3. Thales Group (La Defense, France)
- 12.3.4. FLIR Systems, Inc. (Oregon, United States)
- 12.3.5. American Technologies Network Corporation (California, United States)
- 12.3.6. Fluke Corporation (Washington, United States)
- 12.3.7. Thermoteknix Systems Ltd. (Cambridge, United Kingdom)
- 12.3.8. Seek Thermal, Inc. (California, United States)
- 12.3.9. Cantronic Systems, Inc. (British Columbia, Canada)
- 12.3.10. Excelitas Technologies Corp. (Waltham, Massachusetts, United States)
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption