Key Highlights
• The commercial application of thermal imaging devices is growing, and the worldwide demand is projected to grow rapidly over the next number of years. Automation of homes, protection, detection of fires, and detecting gases are just a few of the uses for thermal imaging devices and detectors. Thermal cameras, which had originally been developed for military applications, are now increasingly being used in voluntary circumstances. In healthcare, more people are employing robust thermal cameras, which could lead to profitable growth opportunities. Thermal imaging cameras are being utilised in a broader range of healthcare settings.
• The global Market for Thermal Imaging Camera was valued at USD 4.12 billion in 2022 and it is expected to reach a valuation of USD 9.93 billion by 2032, boosting at an 8.8% CAGR between 2023 to 2032.
• May’22 - Teledyne Technologies' Teledyne FLIR Défense has signed an agreement with the US Army to supply proficient thermal imaging equipment valued up to USD 500.2 million. The FWS-I system aims to provide soldiers with infrared imaging in all meteorological and lighting conditions.
• Companies are also developing miniaturised IR & thermal imaging sensors as a result of technological breakthroughs, making them more efficient and thus simpler to operate. Handheld infrared and thermal imaging devices gain popularity due to their compact size and their applications in a variety of industrial verticals, including hospitals, where they save time for repair and heating costs. Furthermore, automotive applications are likely to grow in popularity during the next five years. The rising usage of thermal imaging systems, such as thermal cameras, in the automotive sector to reduce driving risks, particularly at night, is a major driver of market expansion. Furthermore, recent advances in chilled mercury telluride or cadmium telluride (MCT / HgCdTe) infrared detector technologies have enabled the creation of outstanding performance infrared cameras for a variety of demanding thermal scanning applications. Growing requirements for surveillance across all verticals, constantly dropping thermal camera costs, and quick growth in high-speed infrared cameras all contribute to a rise in demand for IR cameras, driving market expansion.
Scope of the Industry Profile
Key Players
• FLIR Systems Inc.
• Seek Thermal
• Axis Communications AB
• Opgal Optronic Industries Ltd.
• Jenoptik AG
• Fluke Corporation
• PCE Instruments
• Mobotix AG
• LumaSense Technologies Inc.
• Spectronic Plc.
• Optris GmbH
• Schneider Electric SE
• DIAS Infrared GmbH
• InfraTec GmbH
• Ulirvision Technology Co. Ltd.
• HikVision Digital Technology Co.
• Micro-Epsilon
• Caterpillar Inc.
• Bullit Mobile Ltd.
• 3M Scott
Segmentation
By Wavelength
• SWIR
• MWIR
• LWIR
By Technology
• Uncooled
• Cooled
By End User
• Military & Défense
• Industrial
• Commercial
• Healthcare & LiveScience’s
• Residential
• Automotive
• Oil & Gas
• Other Applications
By Product
• Handheld/Portable
• Fixed/Mounted
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Thermal Imaging Camera market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the global Thermal Imaging Camera market.
3. Leading company profiles reveal details of key Thermal Imaging Camera market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Thermal Imaging Camera market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Developments
• June’22 - Teledyne FLIR Systems Inc. has added an E52 camera lense into its Exx thermal Imaging equipment line, which now comprises the E54, E96, E86, & E76 models. It has professional-level infrared resolution to provide clear photographs and in-camera routing functionality to improve field survey productivity.
• May’22 - Trijicon Inc. introduced Quick Release Mounts with Q-LOC Technology. Trijicon Inc., a global developer of revolutionary targeting solution for the foraging, filming, military, and law enforcement markets, announced the availability of Trijicon Q-LOC Technology fast-release mounting in a variety of mounting systems to accommodate virtually any optical platform. Riflescopes, thermal optics & Trijicon red dots have been made compliant with Q-LOC Technology.
• April’21 - Seek Thermal has introduced the Reveal FirePro X, the company's most recent portable thermal imaging cameras (TIC) for firefighting. The new charging port on the improved portable thermal imaging camera makes it more resilient and convenient to use when needed.
Segment Insights
• The thermal imaging market has been divided into three applications: Military & Défense, Industrial, Commercial, Healthcare & LiveScience’s, Residential, Automotive, Oil & Gas, Other Applications. During the projection period, the Military & Défense segment retained the greatest share of the market owing to the increasing rapid urbanisation and rising disputes & terrorist activities amongst countries heighten the necessity for adequately equiped systems to monitor and protect the borders of a nation from the illegal infiltration of foes.
• Based on technology segment, cooled thermal imaging detectors are expected to gain popularity during the projected period, owing to their fast capture rate and broad thermal isolation band.
• The industry has been divided into two product categories: Handheld or portable devices & Fixed/Mounted. The portable category led market in 2022.it is predicted to develop further over the forecast period.
Regional Insights
• North America has the largest slice in the overall market, and this trend is projected to continue during the period of forecasting. Thermal imaging components including thermal scopes, imaging sensors, and module are manufactured in the region. The United States is the region's largest contributor, accounting for approx. 80% of the overall share of the market in North American region. The existence of multiple suppliers and manufacturers, the inexpensive nature of thermal imaging elements, and rising government expenditure in the aerospace and defence industry all contribute to the development of the regional market.
• Europe holds the second-largest market share & it is likely to expand as the demand for defence and surveillance grows. The steady decline in the price of thermal cameras, combined with the low cost of thermal sensors, additionally had a significant impact on demand in this sector. Furthermore, countries such as France, UK, as well as Italy have increased their military spending, accounting for a sizable percentage of the market. The market for Asia-Pacific is expected to grow at an exceptional rate due to growing border tensions between countries such as India and China.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 THERMAL IMAGING CAMERA MARKET
OVERVIEW, BY WAVELENGTH
6.1 Global Market Revenue & Share Analysis, By Wavelength
6.1.1 SWIR
6.1.2 MWIR
6.1.3 LWIR
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 THERMAL IMAGING CAMERA MARKET
OVERVIEW, BY TECHNOLOGY
7.1 Global Market Revenue & Share Analysis, By Technology
7.1.1 Uncooled
7.1.2 Cooled
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 THERMAL IMAGING CAMERA MARKET
OVERVIEW, BY END USER
8.1 Global Market Revenue & Share Analysis, By End User
8.1.1 Military and Défense
8.1.2 Industrial
8.1.3 Commercial
8.1.4 Healthcare and LiveScience’s
8.1.5 Residential
8.1.6 Automotive
8.1.7 Oil and Gas
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 – 2032
8.4 Key Takeaways
9 THERMAL IMAGING
CAMERA MARKET OVERVIEW, BY PRODUCT
9.1 Global Market Revenue & Share Analysis, By Product
9.1.1 Handheld
9.1.2 Fixed/Mounted
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 THERMAL IMAGING CAMERA MARKET
OVERVIEW, BY REGION
10.1 Global Market Revenue & Share Analysis, By Region
10.1.1 North America
10.1.2 Europe
10.1.3 Asia Pacific
10.1.4 Middle East & Africa
10.1.5 South America
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 NORTH AMERICA MARKET
ANALYSIS
11.1 North America Market Revenue & Share Analysis, By
Wavelength
11.2 North America Market Revenue & Share Analysis, By
Technology
11.3 North America Market Revenue & Share Analysis, By End User
11.4 North America Market Revenue & Share Analysis, By Product
11.5 North America Market Revenue & Share Analysis, By Country
11.5.1 US
11.5.2 Canada
11.5.3 Mexico
11.6 Key Takeaways
12 EUROPE MARKET ANALYSIS
12.1 Europe Market Revenue & Share Analysis, By Wavelength
12.2 Europe Market Revenue & Share Analysis, By Technology
12.3 Europe Market Revenue & Share Analysis, By End User
12.4 Europe Market Revenue & Share Analysis, By Product
12.5 Europe Market Revenue & Share Analysis, By Country
12.5.1 UK
12.5.2 Italy
12.5.3 Spain
12.5.4 Germany
12.5.5 France
12.5.6 Rest of Europe
12.6 Key Takeaways
13 ASIA PACIFIC MARKET ANALYSIS
13.1 APAC Market Revenue & Share Analysis, By Wavelength
13.2 APAC Market Revenue & Share Analysis, By Technology
13.3 APAC Market Revenue & Share Analysis, By End User
13.4 APAC Market Revenue & Share Analysis, By Product
13.5 APAC Market Revenue & Share Analysis, By Country
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 South Korea
13.5.5 Rest of APAC
13.6 Key Takeaways
14 MIDDLE EAST & AFRICA MARKET
ANALYSIS
14.1 MEA Market Revenue & Share Analysis, By Wavelength
14.2 MEA Market Revenue & Share Analysis, By Technology
14.3 MEA Market Revenue & Share Analysis, By End User
14.4 MEA Market Revenue & Share Analysis, By Product
14.5 MEA Market Revenue & Share Analysis, By Country
14.5.1 GCC
14.5.2 South Africa
14.5.3 Rest of MEA
14.6 Key Takeaways
15 SOUTH AMERICA MARKET ANALYSIS
15.1 SA Market Revenue & Share Analysis, By Wavelength
15.2 SA Market Revenue & Share Analysis, By Technology
15.3 SA Market Revenue & Share Analysis, By End User
15.4 SA Market Revenue & Share Analysis, By Product
15.5 SA Market Revenue & Share Analysis, By Country
15.5.1 Brazil
15.5.2 Argentina
15.5.3 Rest of SA
15.6 Key Takeaways
16 COMPETITIVE SCENARIO
16.1 Overview
16.2 Key Players Market Share Analysis
16.3 Recent Developments & Product Launches
16.4 Mergers & Acquisitions
16.5 Partnerships, Agreements & Collaborations
17 COMPANY PROFILES
17.1 Overview
17.2 Key players
17.2.1 FLIR Systems Inc.
17.2.1.1 Business Overview
17.2.1.2 Products Offered
17.2.1.3 Financial Insights
17.2.1.4 Strategic Developments
17.2.1.4.1 New Product Launches
17.2.1.4.2 Agreements & Collaborations
17.2.1.5 Business Aspects (NOISE Analysis)
17.2.1.5.1 Key Strengths
17.2.1.5.2 Opportunities
17.2.1.5.3 Weaknesses & Competitive Threats
17.2.1.5.4 Needs & Improvements
17.2.2 Seek Thermal
17.2.3 Axis Communications AB
17.2.4 Opgal Optronic Industries Ltd.
17.2.5 Jenoptik AG
17.2.6 Fluke Corporation
17.2.7 PCE Instruments
17.2.8 Mobotix AG
17.2.9 LumaSense Technologies Inc.
17.2.10 Spectronic Plc.
18 DISCLAIMER
19 APPENDIX
