Thermal Camera Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Thermal Camera Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Thermal Camera Market

The thermal camera market size was valued at USD 1,888.5 million in 2019, and the market is now projected to grow from USD 5,813.5 million by 2032, exhibiting a CAGR of 8.4% during the forecast period of 2020-2027.

The outbreak of COVID-19 has boosted the influx of individuals utilizing thermal cameras to check the body temperature of individuals and identify those infected with the virus. These cameras have 0.3 °C accuracy and have been installed in airports and public places. Drone-towing thermal imaging cameras were first used in Wuhan to monitor the early activity and temperatures. Both portable and fixed infrared cameras help safeguard employees who interact directly with clients by screening people with a fever. Recent developments in thermal imaging technology, reinforced by the growing focus on research and development continue to steer the thermal camera market growth.

The increasing use of thermal cameras in vehicle development, such as testing or monitoring the engine and thermal management system performance, is boosting the market. Their ability to capture thousands of temperature points in one image offers superior insights compared to traditional tools. Thermal imaging's non-contact nature reduces costs and processing time and accelerates product launches. As the industry expands, compact and advanced thermal imaging solutions are in high demand, significantly influencing the thermal camera market share.

Additionally, thermal imaging devices are increasingly adopted for security and surveillance due to their ability to detect threats in low-visibility areas and reduce false alarms. A single thermal camera can cover wide perimeters, minimizing the need for multiple devices and lowering total costs. These cameras provide heat-based images, enhancing precision and efficiency over traditional outdoor cameras. Advanced thermal imaging technology makes them more effective and accessible, enabling cost-effective security solutions. This trend supports market growth and strengthens thermal camera market.

Comprehensive Analysis of Thermal Camera Market

The thermal camera market and semiconductor & electronics industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the semiconductor & electronics industry. These segmentations are methodically segregated by product, by technology, by application and by end-use. The product includes, Handheld, Mounted, and Scopes and Goggles. The technology includes, Cooled and Uncooled. The application includes, Monitoring and Inspection, Security and Surveillance, Detection and Measurement and, Search and Rescue Operations. The end-use includes, Military and Defense, Industrial, Commercial, Healthcare and Life Sciences, Residential and Automotive.

North America is expected to dominate the thermal camera market share due to rising demand in manufacturing, commercial sectors and military & defense applications. The region is also witnessing gradual progress in IoT and advanced thermal imaging adoption, supported by semiconductor companies. Businesses leverage thermal technology to enhance industrial safety, compliance management and data interpretation. These advancements boost financial returns, protection and convenience. Increasing focus on emerging imaging technologies continues to drive market growth.

The top players in the market play a crucial role in the semiconductor & electronics industry assuring industrial prospectus growth and setting market standards. These players include, Axis Communications AB (Sweden), FLIR Systems, Inc. (U.S.), InfraTec GmbH Infrarotsensorik und Messtechnik (Germany), InView Technology Corporation (U.S.), IRCameras LLC (U.S.), Leonardo S.p.A. (U.S.), Lynred (France), New Imaging Technologies (NIT) (France), Princeton Infrared Technologies, Inc. (U.S.), SATIR (Ireland), Seek Thermal (U.S.), Sierra-Olympic Systems, Inc. (U.S.), Synectics plc, Thermoteknix Systems Ltd, BAE Systems and Raytheon Company. These market players provide a level-playing competitive landscape.

In June 2021, Teledyne FLIR LLC a thermal imaging camera-providing organization in the U.S. introduced FLIR A500f and A700f thermal cameras with a provision for high-temperature detection for extremely critical environments. These cameras provide alarm options and on-camera analysis for outdoor conditioning check uses.

Segmentation Table

Global Thermal Camera Market Scope

Study Period2016 – 2027

Base Year2019

Forecast Period2020 – 2027

Growth RateCAGR of 8.4% from 2020 to 2027

Historical Period 2016 – 2018

UnitValue (USD Billion)

SegmentationBy Product, Technology, Application, End-Use, and Region

By ProductHandheld

Mounted

Scopes and Goggles

By TechnologyCooled

Uncooled

By ApplicationMonitoring and Inspection

Security and Surveillance

Detection and Measurement

Search and Rescue Operations

By End-UseMilitary and Defense

Industrial

Commercial

Healthcare and Life Sciences

Residential

Automotive

Oil and Gas

By RegionNorth America (The U.S. and Canada)

Europe (The U.K., Germany, France, Russia, and Rest of Europe)

Asia-Pacific (Japan, China, Korea, India, Southeast Asia, and Rest of Asia-Pacific)

The Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Latin America (Brazil, Mexico, and Rest of Latin America)


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