Thermal Imaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Thermal Imaging Market
The global thermal imaging market size was valued at USD 2.27 billion in 2019 and is projected to grow to USD 4.10 billion by 2027, exhibiting a CAGR of 7.7% during the forecast period of 2024-2032.
The COVID-19 pandemic boosted the demand for thermal imaging gadgets, particularly temperature screening in healthcare and public spaces. However, the marketplace faced delivery chain disruptions and production delays, impacting product availability and impeding the thermal imaging market growth.
The thermal imaging marketplace is driven by a growing call for contactless temperature tracking, improvements in AI and accuracy, and growing packages in the healthcare, safety, and industrial sectors. Rising safety and preservation wishes also contribute to the market's growth.
Artificial intelligence (AI) and device mastering (ML) are revolutionizing the thermal imaging era. By studying thermal snapshots in actual time, AI algorithms can discover anomalies and offer treasured insights, expanding the thermal imaging market share globally. Additionally, predictive maintenance abilities powered by AI enable the prediction of potential device disasters, optimizing protection schedules and decreasing downtime. Integrating AI and ML complements the efficiency and effectiveness of thermal imaging across various industries.
Comprehensive Analysis of Thermal Imaging Market
The thermal imaging marketplace is segmented by tool type, technology, product, wavelength, software, and vertical. Handheld devices, which include thermal weapon sights, are predicted to develop hastily due to their portability, while constant/mounted devices dominate and are pushed by the demand for security cameras. Uncooled thermal gadgets are growing because of their decreased cost, while cooled gadgets lead to precision. Thermal cameras keep the most essential percentage, with thermal scopes displaying a robust increase in defense. Mid-wave infrared (MWIR) is the fastest-growing wavelength section, and long-wave infrared (LWIR) dominates due to advancements in protection. Border surveillance leads in programs, and at the same time, aerospace and defense account for the most significant market percentage.
The North America region led the thermal imaging market by benefitting a size of USD 721.9 million in 2019 due to the presence of a vast range of device producers and providers during this boom.
The leading players in the thermal imaging market significantly influence its growth trajectory and set industry standards. These key players, including BAE Systems Plc (United Kingdom), Leonardo S.p.A. (Italy), Thales Group (France), FLIR Systems, Inc. (U.S.), American Technologies Network Corporation (U.S.), Fluke Corporation (U.S.), Thermoteknix Systems Ltd. (U.K.), Seek Thermal, Inc. (U.S.), Cantronic Systems, Inc. (Canada), Excelitas Technologies Corp. (U.S.), Opgal Optronic Industries Ltd. (Israel), and Dali Technology Co., Ltd. (China), contribute to a competitive landscape, driving innovation and market advancement.
In February 2020, FLIR Systems, Inc. Added the FLIR A8580 collection of thermal cameras, tailor-made for army, clinical, industrial, and product research and development (R&D) applications. This solution captures clear, blur-unfastened photos of fast-transferring targets, offers a massive variety of accuracy, guide, and motorized lenses, and seamlessly integrates with the trendy FLIR thermal analysis software program.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016 – 2027
Base Year 2019
Forecast Period 2020 – 2027
Historical Period 2016 – 2018
Unit Value (USD Billion)
SegmentationBy Type
Handheld
Thermal weapon sights
Handheld surveillance sights
Others
Fixed/Mounted
By Technology
Cooled
Uncooled
By Product
Thermal Camera
Thermal Scopes
Thermal Module
By Wavelength
Shortwave Infrared (SWIR)
Mid-wave Infrared (MWIR)
Longwave Infrared (LWIR)
By Application
Border Surveillance
Vehicle Targeting
C-UAS
Maritime & Coastal Surveillance
Critical Infrastructure
Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
By Vertical
Aerospace and Defense
Law Enforcement
Healthcare
Automotive
Oil and Gas
Residential
Manufacturing
Others (Utility, Chemical, etc.)
By Region
North America (U.S. and Canada)
Europe (UK, Germany, France, Russia, Rest of Europe)
Asia Pacific (China, Japan, India, Southeast Asia, and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Force Analysis
- 4.4. Global Thermal Imaging Market Share Analysis and Matrix, 2019
- 5. Key Market Insights and Analysis, By Segments
- 6. Global Thermal Imaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 6.1. By Type (Value)
- 6.1.1. Handheld
- 6.1.1.1. Thermal weapon sights
- 6.1.1.2. Handheld surveillance sights
- 6.1.1.3. Others
- 6.1.2. Fixed/Mounted
- 6.2. By Technology (Value)
- 6.2.1. Cooled
- 6.2.2. Uncooled
- 6.3. By Product (Value)
- 6.3.1. Thermal Camera
- 6.3.2. Thermal Scopes
- 6.3.3. Thermal Module
- 6.4. By Wavelength (Value)
- 6.4.1. Shortwave Infrared (SWIR)
- 6.4.2. Mid-wave Infrared (MWIR)
- 6.4.3. Longwave Infrared (LWIR)
- 6.5. By Application (Value)
- 6.5.1. Border Surveillance
- 6.5.2. Vehicle Targeting
- 6.5.3. C-UAS
- 6.5.4. Maritime & Coastal Surveillance
- 6.5.5. Critical Infrastructure
- 6.5.6. Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
- 6.6. By Vertical (Value)
- 6.6.1. Aerospace and Defense
- 6.6.2. Law Enforcement
- 6.6.3. Healthcare
- 6.6.4. Automotive
- 6.6.5. Oil and Gas
- 6.6.6. Residential
- 6.6.7. Manufacturing
- 6.6.8. Others (Utility, Chemical, etc.)
- 6.7. By Region (Value)
- 6.7.1. North America
- 6.7.2. Europe
- 6.7.3. Asia Pacific
- 6.7.4. Middle East & Africa
- 6.7.5. Latin America
- 7. North America Thermal Imaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 7.1. By Type (Value)
- 7.1.1. Handheld
- 7.1.1.1. Thermal weapon sights
- 7.1.1.2. Handheld surveillance sights
- 7.1.1.3. Others
- 7.1.2. Fixed/Mounted
- 7.2. By Technology (Value)
- 7.2.1. Cooled
- 7.2.2. Uncooled
- 7.3. By Product (Value)
- 7.3.1. Thermal Camera
- 7.3.2. Thermal Scopes
- 7.3.3. Thermal Module
- 7.4. By Wavelength (Value)
- 7.4.1. Shortwave Infrared (SWIR)
- 7.4.2. Mid-wave Infrared (MWIR)
- 7.4.3. Longwave Infrared (LWIR)
- 7.5. By Application (Value)
- 7.5.1. Border Surveillance
- 7.5.2. Vehicle Targeting
- 7.5.3. C-UAS
- 7.5.4. Maritime & Coastal Surveillance
- 7.5.5. Critical Infrastructure
- 7.5.6. Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
- 7.6. By Vertical (Value)
- 7.6.1. Aerospace and Defense
- 7.6.2. Law Enforcement
- 7.6.3. Healthcare
- 7.6.4. Automotive
- 7.6.5. Oil and Gas
- 7.6.6. Residential
- 7.6.7. Manufacturing
- 7.6.8. Others (Utility, Chemical, etc.)
- 7.7. By Country (Value)
- 7.7.1. United States
- 7.7.2. Canada
- 8. Europe Thermal Imaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.1. By Type (Value)
- 8.1.1. Handheld
- 8.1.1.1. Thermal weapon sights
- 8.1.1.2. Handheld surveillance sights
- 8.1.1.3. Others
- 8.1.2. Fixed/Mounted
- 8.2. By Technology (Value)
- 8.2.1. Cooled
- 8.2.2. Uncooled
- 8.3. By Product (Value)
- 8.3.1. Thermal Camera
- 8.3.2. Thermal Scopes
- 8.3.3. Thermal Module
- 8.4. By Wavelength (Value)
- 8.4.1. Shortwave Infrared (SWIR)
- 8.4.2. Mid-wave Infrared (MWIR)
- 8.4.3. Longwave Infrared (LWIR)
- 8.5. By Application (Value)
- 8.5.1. Border Surveillance
- 8.5.2. Vehicle Targeting
- 8.5.3. C-UAS
- 8.5.4. Maritime & Coastal Surveillance
- 8.5.5. Critical Infrastructure
- 8.5.6. Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
- 8.6. By Vertical (Value)
- 8.6.1. Aerospace and Defense
- 8.6.2. Law Enforcement
- 8.6.3. Healthcare
- 8.6.4. Automotive
- 8.6.5. Oil and Gas
- 8.6.6. Residential
- 8.6.7. Manufacturing
- 8.6.8. Others (Utility, Chemical, etc.)
- 8.7. By Country (Value)
- 8.7.1. Germany
- 8.7.2. UK
- 8.7.3. France
- 8.7.4. Russia
- 8.7.5. Rest of Europe
- 9. Asia Pacific Thermal Imaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 9.1. By Type (Value)
- 9.1.1. Handheld
- 9.1.1.1. Thermal weapon sights
- 9.1.1.2. Handheld surveillance sights
- 9.1.1.3. Others
- 9.1.2. Fixed/Mounted
- 9.2. By Technology (Value)
- 9.2.1. Cooled
- 9.2.2. Uncooled
- 9.3. By Product (Value)
- 9.3.1. Thermal Camera
- 9.3.2. Thermal Scopes
- 9.3.3. Thermal Module
- 9.4. By Wavelength (Value)
- 9.4.1. Shortwave Infrared (SWIR)
- 9.4.2. Mid-wave Infrared (MWIR)
- 9.4.3. Longwave Infrared (LWIR)
- 9.5. By Application (Value)
- 9.5.1. Border Surveillance
- 9.5.2. Vehicle Targeting
- 9.5.3. C-UAS
- 9.5.4. Maritime & Coastal Surveillance
- 9.5.5. Critical Infrastructure
- 9.5.6. Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
- 9.6. By Vertical (Value)
- 9.6.1. Aerospace and Defense
- 9.6.2. Law Enforcement
- 9.6.3. Healthcare
- 9.6.4. Automotive
- 9.6.5. Oil and Gas
- 9.6.6. Residential
- 9.6.7. Manufacturing
- 9.6.8. Others (Utility, Chemical, etc.)
- 9.7. By Country (Value)
- 9.7.1. China
- 9.7.2. Japan
- 9.7.3. India
- 9.7.4. Southeast Asia
- 9.7.5. Rest of Asia Pacific
- 10. Middle East & Africa Thermal Imaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 10.1. By Type (Value)
- 10.1.1. Handheld
- 10.1.1.1. Thermal weapon sights
- 10.1.1.2. Handheld surveillance sights
- 10.1.1.3. Others
- 10.1.2. Fixed/Mounted
- 10.2. By Technology (Value)
- 10.2.1. Cooled
- 10.2.2. Uncooled
- 10.3. By Product (Value)
- 10.3.1. Thermal Camera
- 10.3.2. Thermal Scopes
- 10.3.3. Thermal Module
- 10.4. By Wavelength (Value)
- 10.4.1. Shortwave Infrared (SWIR)
- 10.4.2. Mid-wave Infrared (MWIR)
- 10.4.3. Longwave Infrared (LWIR)
- 10.5. By Application (Value)
- 10.5.1. Border Surveillance
- 10.5.2. Vehicle Targeting
- 10.5.3. C-UAS
- 10.5.4. Maritime & Coastal Surveillance
- 10.5.5. Critical Infrastructure
- 10.5.6. Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
- 10.6. By Vertical (Value)
- 10.6.1. Aerospace and Defense
- 10.6.2. Law Enforcement
- 10.6.3. Healthcare
- 10.6.4. Automotive
- 10.6.5. Oil and Gas
- 10.6.6. Residential
- 10.6.7. Manufacturing
- 10.6.8. Others (Utility, Chemical, etc.)
- 10.7. By Country (Value)
- 10.7.1. GCC
- 10.7.2. South Africa
- 10.7.3. Rest of the Middle East and Africa
- 11. Latin America Thermal Imaging Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 11.1. By Type (Value)
- 11.1.1. Handheld
- 11.1.1.1. Thermal weapon sights
- 11.1.1.2. Handheld surveillance sights
- 11.1.1.3. Others
- 11.1.2. Fixed/Mounted
- 11.2. By Technology (Value)
- 11.2.1. Cooled
- 11.2.2. Uncooled
- 11.3. By Product (Value)
- 11.3.1. Thermal Camera
- 11.3.2. Thermal Scopes
- 11.3.3. Thermal Module
- 11.4. By Wavelength (Value)
- 11.4.1. Shortwave Infrared (SWIR)
- 11.4.2. Mid-wave Infrared (MWIR)
- 11.4.3. Longwave Infrared (LWIR)
- 11.5. By Application (Value)
- 11.5.1. Border Surveillance
- 11.5.2. Vehicle Targeting
- 11.5.3. C-UAS
- 11.5.4. Maritime & Coastal Surveillance
- 11.5.5. Critical Infrastructure
- 11.5.6. Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
- 11.6. By Vertical (Value)
- 11.6.1. Aerospace and Defense
- 11.6.2. Law Enforcement
- 11.6.3. Healthcare
- 11.6.4. Automotive
- 11.6.5. Oil and Gas
- 11.6.6. Residential
- 11.6.7. Manufacturing
- 11.6.8. Others (Utility, Chemical, etc.)
- 11.7. By Country (Value)
- 11.7.1. Brazil
- 11.7.2. Mexico
- 11.7.3. Rest of Latin America
- 12. Profiles of Key Players (Would be provided for 10 players only)
- 12.1. Overview
- 12.1.1. Key Management
- 12.1.2. Headquarters etc.
- 12.2. Offerings/Business Segments
- 12.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 12.3.1. Employee Size
- 12.3.2. Past and Current Revenue
- 12.3.3. Geographical Share
- 12.3.4. Business Segment Share
- 12.4. Recent Developments
- 12.4.1. BAE System Plc
- 12.4.2. Leonardo S.p.A.
- 12.4.3. Thales Group
- 12.4.4. FLIR Systems, Inc.
- 12.4.5. American Technologies Network Corporation
- 12.4.6. Fluke Corporation
- 12.4.7. Thermoteknix Systems Ltd.
- 12.4.8. Seek Thermal, Inc.
- 12.4.9. Cantronic Systems, Inc.
- 12.4.10. Excelitas Technologies Corp.
- 12.4.11. Opgal Optronic Industries Ltd.
- 12.4.12. Dali Technology Co., Ltd.
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