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Thermal Imaging Global Market to 2029 - Rising Spending by Defense and Military is Driving Growth - ResearchAndMarkets.com

·5-min read

DUBLIN, Jun 14, 2021--(BUSINESS WIRE)--The "Thermal Imaging Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.

The thermal imaging market is forecasted to grow at CAGR of 9%.

Companies Mentioned

  • Suangsi Infrared

  • Axis communications

  • FLIR Commercial Systems

  • LYNRED

  • DJI Gmbh

  • Greentel

  • SONY Europe

  • Iluminar

  • Sesys Ltd

  • Thermoteknix Systems Ltd

Thermal imaging is a method of using infrared radiation and thermal energy to gather information about objects, in order to formulate images of them, even in low visibility environments. It's a type of technology that has built up a broad range of uses over the years. Decades ago, application of thermal imaging technology was highly restricted to defense and military, however, with advancements in technology it is finding new applications in threat detection, veterinary and residential & commercial security. This, in turn, is boosting growth of the thermal imaging market across the globe. Additionally, rising spending by defense and military, especially in developing regions, on up gradation of existing arms is increasing the uptake of thermal imaging technology in the sector. Further, integration of thermal imaging technology in electronic devices is support growth of the market. However, budgetary cuts by defense in developed region are impeding the adoption of thermal imaging cameras. As a result, growth of the thermal imaging market in few developed countries is expected below.

Emerging technology in Defense sector

Tracing the origins of thermal imaging, it's believed to have the beginnings in the Korean War, used for military purposes such as scouting and night combat missions. The use of thermal imaging has expanded far and wide, across different disciplines and for a variety of practical applications. Thermal imaging is a boon to the armed forces such as army, navy and airforce because of its day night working capability and ability to perform well in all weather conditions. They are also being employed in civil aviation for health monitoring of aircrafts.

Uncooled technology accounted for large share

There is a wide requirement of low cost lightweight thermal imaging sensors for both military and civilian applications. In Europe these requirements are met by systems called as large uncooled ferroelectric detector arrays offering accurate performance levels. These requirements were also met by cryogenically cooled systems which were highly expensive however they have more accuracy. The performance of uncooled technology & cooled technology are diverse due to environment factors.

Thermal imaging a boon in Covid-19 crisis

Thermal imaging systems measure the surface skin temperature accurately without being physically close to the person being evaluated. Thermal imaging systems have been used by several countries during pandemic to reduce the spread of disease, by recognizing the temperature. The FDA has issued the Enforcement Policy for Telethermographic Systems during the Coronavirus Disease in 2019 as "Public Health Emergency" guidance to expand the availability of thermal imaging systems and mitigate thermometer shortages during the public health emergency. Thermal imaging systems measured inaccurate temperature results in case of measuring multiple people at the same time. The accuracy of these systems depends on careful set up and operation, as well as proper preparation of the person being evaluated.

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?

  • What are the key market segments in current scenario and in the future by regions?

  • What is the key impact of Covid-19 over market revenues and market determinants in the Thermal Imaging market?

  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?

  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?

  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?

  • Who are the key players in the Thermal Imaging market and what are their key product categories and strategies?

  • What are the key strategies - mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?

Key Topics Covered:

1. Preface

2. Executive Summary

3. Global Thermal Imaging Market Analysis

3.1. Global Thermal Imaging Market Overview

3.2. Market Inclination Insights

3.3. Market Dynamics

3.4. Attractive Investment Proposition

3.5. Market Positioning of Key Industry Participants

3.6. Major Strategies Adopted

4. Global Thermal Imaging Market Revenue, By Type, 2019 - 2029 (US$ Mn)

5. Global Thermal Imaging Market Revenue, By Application, 2019 - 2029 (US$ Mn)

6. Global Thermal Imaging Market Revenue, By End User, 2019 - 2029 (US$ Mn)

7. Global Thermal Imaging Market Revenue, By Geography, 2019 - 2029 (US$ Mn)

8. North America Thermal Imaging Market Analysis, 2019 - 2029 (US$ Mn)

9. Europe Thermal Imaging Market Analysis, 2019 - 2029 (US$ Mn)

10. Asia Pacific Thermal Imaging Market Analysis, 2019 - 2029 (US$ Mn)

11. Rest of World Thermal Imaging Market Analysis, 2019 - 2029 (US$ Mn)

12. Company Profile

For more information about this report visit https://www.researchandmarkets.com/r/4ymvi2

View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005537/en/

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