Global Thermal Imaging Market Overview

The Global Thermal Imaging market was valued at USD 3.09 billion in 2021 and is expected to reach USD 4.80 billion by the year 2028, at a CAGR of 6.48%.

Thermal Imaging is a method of using infrared radiation and thermal energy to collect information regarding the objects, aiming to develop images of them, even in low visibility environments. It's a type of technology that has conglomerated a broad range of uses across the years. In particular, it's an effective form of night-vision technology, with the capacity to work in the total absence of any light (since it doesn't rely on visible light), and can even work in fog, smog, smoke, and haze. Moreover, thermal imaging is based upon the science of infrared energy (otherwise known as "heat"), which is discharged from all objects. This energy from an object is also known as the "heat signature", and the quantity of radiation emitted tends to be proportional to the overall heat of the object. Thermal cameras or thermal imagers are advanced devices that incorporated a sensitive heat sensor with the capacity to pick up minute differences in temperature. As they gather the infrared radiation from objects in a special environment, they can begin to map out an image based on the differences and inflections of the temperature measurements.

Furthermore, thermal images are grayscale: with white representing heat, black constituting colder regions, and various shades of grey indicating gradients of temperatures between the two. Nevertheless, newer models of thermal imaging cameras even add color to the images they produce, aiming to support users better identify distinct objects more clearly – using colors such as yellow, purple, orange, blue, and red. Amidst the COVID-19 pandemic, the global market for Thermal Imaging projected at US$2.9 Billion in the year 2020, is expected to gain a revised size of US$4.5 Billion by 2027, during the forecast period.

COVID-19 Impact on Thermal Imaging Market

The recent COVID-19 pandemic has disrupted economic stability globally. The consequences of the virus are expected to get worse worldwide. To contain the recent outbreak of the coronavirus the governments across various economies imposed various measures, such as travel restrictions, business and factory shutdowns, and lockdowns, which would affect the growth of the APAC Thermal Imaging Market. Additionally, it has poorly influenced various industries, including the thermal imaging industry. Key players are planning and working on keeping their businesses operational. Production and distributing products are the key challenges experienced by companies. Different economies globally have imposed or prolonged lockdowns to contain the spread of the pandemic, which has resulted in interruptions in the supply chain of the thermal imaging market. However, during the lockdown period, the adoption of thermal scanners was limited, nevertheless as industry and businesses are reopened and the economy started rescuing the thermal imaging market players have observed demand from Food & Beverages, Residential, Healthcare & Life Sciences, and automotive sectors.

Market Dynamics And Factors For The Thermal Imaging Market

Drivers:

Thermal imaging technology is being utilized for the different sectors apart such as Aerospace & Defense, Automotive, Commercial, Law Enforcement, Industrial, Food & Beverages, Residential, Healthcare & Life Sciences, Oil & Gas and other applications. Furthermore, the energy audit sector has created new opportunities for thermal imaging technology, especially in preventative maintenance. The automobile industry is including thermal imaging cameras in cars to overcome the potential dangers of accidents at night. For example, major brands such as BMW and Audi have utilized thermal imaging cameras in cars that support in identifying living objects such as pedestrians and animals, which are difficult to spot in the dark. Furthermore, thermal imaging technology is utilized in the healthcare sector to protect animals and humans from disease. hence, these factors are anticipated to trigger the thermal imaging market development throughout the forecast period.

Furthermore, the advancement of low-priced or low-cost systems is one of the key challenges of the thermal imaging market. These systems creep easily into the market, which in turn increases the demand for new apps owing to their exceptional features such as technological evolutions, outsourcing of work, and increased knowledge. The market is also turned by raised demand for low-price infrared and thermal imaging systems which lay the path for new applications. With an increased target on the size of the system and also its price, manufactures are more concerned about designing, integrating, and developing the system which increases sales of the thermal cameras. This demand is anticipated to be a major factor for continual reduction in the cost of thermal imaging systems, along with the rise in the adoption of thermal imaging systems over various commercial markets.

Restraints:

Export restrictions imposed on thermal imaging products are anticipated to restraint the thermal imaging market expansion during the forecast period. Several economies have foisted strict restrictions on the export of certain thermal imaging products. As per the U.S. Department of State Office of Defense Trade Controls, the export of U.S.-produced night vision equipment is strictly prohibited without a valid export license. The limitations are by the International Traffic in Arms (ITAR), Title 22, Code of Federal Regulation Part 120-130. hence, these factors are anticipated to hamper the thermal imaging market development during the forecast period.

Opportunities:

The growing application of thermal imaging in PCs and smartphones can create lucrative opportunities owing to the massive scope for thermal imaging technology in PCs and smartphone applications. Thermal imaging devices need cooling technology, which in turn raises the cost. Key players such as FLIR Systems have launched innovative devices namely the lepton sensor, which is lighter, smaller, and therefore, can be added to a smartphone. Additionally, it does not use an external cooler to run, which decreases the cost of thermal devices. FLIR Systems has also launched a thermal imaging camera named FLIR ONE, which can be easily assimilated in smartphones such as iPhone 5s.

Market Segmentation

Segmentation Analysis of Thermal Imaging Market:

Based on the Product Type, handheld thermal cameras are projected to register the maximum thermal imaging market over the forecast period due to the massive demand for handheld thermal scanners amidst COVID 19 outbreak for temperature measurement over different places such as factories, metro stations, airports, commercial buildings, and others. The growing popularity of handheld thermal imaging devices owing to their portability, ease of utilization, and widespread application in maintenance, quality control, diagnostics, and spot measurements is anticipated to provide market growth.

Based on the Type, The thermal cameras segment is expected to capture the maximum share of the thermal imaging market throughout the forecast period. This growth is due to the rising adoption of thermal cameras in the residential and commercial sectors. In the residential and commercial sectors, thermal imagers are mainly utilized to provide details for leakage, home insulation, cracks, and insufficient insulation. In addition, thermal cameras are competent in operating in the day, fog, night, and cluttered environment.

Based on the Technology, the cooled segment is anticipated to hold the largest share of the thermal imaging market over the projected period. The cooled segment has a maximum market share in 2020 as they can determine even the smallest changes in the temperature. Uncooled thermal imaging is that which has an opportunity to increase during the forecast period owing to cheap-cost devices used in monitoring.

Based on Applications, the security and surveillance segment is expected to dominate the thermal imaging market over the forecast period. Rapid urbanization increases the requirements for developed thermal imaging solutions for security and surveillance applications. The growing conflicts and terrorist activities among economies also increase the demand for well-equipped systems to monitor the country's borders from the illegal intrusion of enemies and defend the country from them.

Based on the Industry Vertical, the oil & gas segment is expected to dominate the thermal imaging market over the forecast period. Oil and gas refineries are forever at risk from terrorist attacks and need security solutions to determine threats before the breach of the perimeter. Thermal imaging systems are efficient in determining any invader and allow threat assessment in darkness, fog, haze, dust, or smoke. Monitoring different kilometers of gas pipeline networks is a monotonous task, but technology has made it easier by taking over labor-intensive tasks. These systems are generally utilized as a preventive maintenance tool that supports in finding leaks in tanks and pipelines. It helps in taking a precautionary measure by finding and declining the surprise of leakage in regulatory agencies.

Regional Analysis of Thermal Imaging Market:

North America is expected to dominate the Thermal Imaging market over the forecast period. This is primarily owing to growing applications of thermal imaging for monitoring and inspection of historical monuments, process and manufacturing industries, commercial and residential buildings. Huge investment of the government in the defense sector and the raised prominence on screening of people in airports, hospitals, railway stations, and other public spaces are turning the demand for thermal scanners in the region. Furthermore, the growth of the thermal imaging market in this region is owing to the presence of major key players such as Lockheed Martin Corporation (US), FLIR Systems (US), Thermoteknix Systems (UK), L-3 Communications Holdings, Inc. (the US), Leonardo DRS (US), and others, and distributors, the low cost of thermal imaging components, and the growing government expenditure in the aerospace & defense sector. This is anticipated to further help the expansion of the thermal imaging market in North America over the forecast period.

In Europe, the United Kingdom, Germany, and France are growingly adopting high-cost cool thermal imaging solutions. The demand for a cooled camera is increasing market demand over healthcare facilities, manufacturing plants, and automobiles.

The Asia Pacific is also anticipated to observe crucial growth due to the growing defense budget. Major economies such as India, South Korea, and China are investing massively to develop their military weapons to protect their borders. Manufactures in the market are emerging several solutions for military operations, depending on the specifications and operations of these defense sectors.

Players Covered in Thermal Imaging market are :

Key Industry Developments In The Thermal Imaging Market

  • In 2020, FLIR Systems, Inc. introduced the FLIR Ranger HDC MR, a high-performance HD thermal imaging midrange surveillance system. The Ranger HDC MR can identify illicit activities in reduced weather conditions by using immersed analytics and image processing. This is anticipated to improve the product portfolio of the company in the thermal imaging system segment.
  • In April 2021 - Seek Thermal introduced Reveal FirePro X, the latest personal thermal imaging camera (TIC) for firefighters. The developed, handheld thermal imaging camera offers a new charging port, making it even more durable and easier to access when required.
  • In May 2021, the company declared a strategic collaboration with Maire Tecnimont (Italy) to support industrial evolution by developing next-generation greenfield and brownfield plants in the transformation of natural resources and green chemistry sectors.
  • In May 2021, FLIR Systems won a contract to deliver its FLIR Black Hornet ®3 Personal Reconnaissance Systems (PRS). It is a developed nano-unmanned aerial vehicle utilized for monitoring.

Global Thermal Imaging Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 3.09 Bn.

Forecast Period 2022-28 CAGR:

6.48%

Market Size in 2028:

USD 4.80 Bn.

Segments Covered:

By Product Type

  • Thermal Cameras
  • Thermal Modules
  • Thermal Scopes

By Technology

  • Cooled
  • Uncooled

By Application

  • Security & Surveillance
  • Monitoring & Inspection
  • Detection & Measurement
  • Others

By End Users

  • Automotive
  • Commercial
  • Government & defense
  • Healthcare & life sciences
  • Oil & Gas
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Demand for Surveillance Across Several Verticals Globally

Key Market Restraints:

  • High Cost of Devices

Key Opportunities:

  • Growing Application of Thermal Imaging in Pcs and Smartphones

Companies Covered in the report:

  • Lockheed Martin Corporation (US), FLIR Systems (US), Elbit Systems Ltd. (Israel), Testo (Germany), Fluke Corporation (US), and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Product Type
 3.2 By Technology
 3.3 By Application
 3.4 By End-User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Thermal Imaging Market by Product Type
 5.1 Thermal Imaging Market Overview Snapshot and Growth Engine
 5.2 Thermal Imaging Market Overview
 5.3 Thermal Cameras
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Thermal Cameras: Grographic Segmentation
 5.4 Thermal Modules
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Thermal Modules: Grographic Segmentation
 5.5 Thermal Scopes
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Thermal Scopes: Grographic Segmentation

Chapter 6: Thermal Imaging Market by Technology
 6.1 Thermal Imaging Market Overview Snapshot and Growth Engine
 6.2 Thermal Imaging Market Overview
 6.3 Cooled
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Cooled: Grographic Segmentation
 6.4 Uncooled
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Uncooled: Grographic Segmentation

Chapter 7: Thermal Imaging Market by Application
 7.1 Thermal Imaging Market Overview Snapshot and Growth Engine
 7.2 Thermal Imaging Market Overview
 7.3 Security & Surveillance
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Security & Surveillance: Grographic Segmentation
 7.4 Monitoring & Inspection
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Monitoring & Inspection: Grographic Segmentation
 7.5 Detection & Measurement
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Detection & Measurement: Grographic Segmentation
 7.6 Others
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2016-2028F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Others: Grographic Segmentation

Chapter 8: Thermal Imaging Market by End-User
 8.1 Thermal Imaging Market Overview Snapshot and Growth Engine
 8.2 Thermal Imaging Market Overview
 8.3 Automotive
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Automotive: Grographic Segmentation
 8.4 Commercial
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Commercial: Grographic Segmentation
 8.5 Government & Defense
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Government & Defense: Grographic Segmentation
 8.6 Healthcare & Life sciences
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Healthcare & Life sciences: Grographic Segmentation
 8.7 Oil & Gas
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size (2016-2028F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Oil & Gas: Grographic Segmentation
 8.8 Others
  8.8.1 Introduction and Market Overview
  8.8.2 Historic and Forecasted Market Size (2016-2028F)
  8.8.3 Key Market Trends, Growth Factors and Opportunities
  8.8.4 Others: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Thermal Imaging Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Thermal Imaging Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Thermal Imaging Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 LOCKHEED MARTIN CORPORATION
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 FLIR SYSTEMS
 9.4 ELBIT SYSTEMS LTD.
 9.5 TESTO
 9.6 FLUKE CORPORATION
 9.7 OPGAL
 9.8 LEONARDO
 9.9 L3HARRIS TECHNOLOGIES
 9.10 UNITED TECHNOLOGIES
 9.11 AXIS COMMUNICATIONS
 9.12 RAYTHEON COMPAN
 9.13 SOFRADIR GROUP
 9.14 BAE SYSTEMS PLC
 9.15 THERMOTEKNIX SYSTEMS
 9.16 L-3 COMMUNICATIONS HOLDINGS INC.
 9.17 LEONARDO DRS
 9.18 OTHER MAJOR PLAYERS

Chapter 10: Global Thermal Imaging Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Product Type
  10.2.1 Thermal Cameras
  10.2.2 Thermal Modules
  10.2.3 Thermal Scopes
 10.3 Historic and Forecasted Market Size By Technology
  10.3.1 Cooled
  10.3.2 Uncooled
 10.4 Historic and Forecasted Market Size By Application
  10.4.1 Security & Surveillance
  10.4.2 Monitoring & Inspection
  10.4.3 Detection & Measurement
  10.4.4 Others
 10.5 Historic and Forecasted Market Size By End-User
  10.5.1 Automotive
  10.5.2 Commercial
  10.5.3 Government & Defense
  10.5.4 Healthcare & Life sciences
  10.5.5 Oil & Gas
  10.5.6 Others

Chapter 11: North America Thermal Imaging Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Product Type
  11.4.1 Thermal Cameras
  11.4.2 Thermal Modules
  11.4.3 Thermal Scopes
 11.5 Historic and Forecasted Market Size By Technology
  11.5.1 Cooled
  11.5.2 Uncooled
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Security & Surveillance
  11.6.2 Monitoring & Inspection
  11.6.3 Detection & Measurement
  11.6.4 Others
 11.7 Historic and Forecasted Market Size By End-User
  11.7.1 Automotive
  11.7.2 Commercial
  11.7.3 Government & Defense
  11.7.4 Healthcare & Life sciences
  11.7.5 Oil & Gas
  11.7.6 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Thermal Imaging Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Product Type
  12.4.1 Thermal Cameras
  12.4.2 Thermal Modules
  12.4.3 Thermal Scopes
 12.5 Historic and Forecasted Market Size By Technology
  12.5.1 Cooled
  12.5.2 Uncooled
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Security & Surveillance
  12.6.2 Monitoring & Inspection
  12.6.3 Detection & Measurement
  12.6.4 Others
 12.7 Historic and Forecasted Market Size By End-User
  12.7.1 Automotive
  12.7.2 Commercial
  12.7.3 Government & Defense
  12.7.4 Healthcare & Life sciences
  12.7.5 Oil & Gas
  12.7.6 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Thermal Imaging Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Product Type
  13.4.1 Thermal Cameras
  13.4.2 Thermal Modules
  13.4.3 Thermal Scopes
 13.5 Historic and Forecasted Market Size By Technology
  13.5.1 Cooled
  13.5.2 Uncooled
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Security & Surveillance
  13.6.2 Monitoring & Inspection
  13.6.3 Detection & Measurement
  13.6.4 Others
 13.7 Historic and Forecasted Market Size By End-User
  13.7.1 Automotive
  13.7.2 Commercial
  13.7.3 Government & Defense
  13.7.4 Healthcare & Life sciences
  13.7.5 Oil & Gas
  13.7.6 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Thermal Imaging Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Product Type
  14.4.1 Thermal Cameras
  14.4.2 Thermal Modules
  14.4.3 Thermal Scopes
 14.5 Historic and Forecasted Market Size By Technology
  14.5.1 Cooled
  14.5.2 Uncooled
 14.6 Historic and Forecasted Market Size By Application
  14.6.1 Security & Surveillance
  14.6.2 Monitoring & Inspection
  14.6.3 Detection & Measurement
  14.6.4 Others
 14.7 Historic and Forecasted Market Size By End-User
  14.7.1 Automotive
  14.7.2 Commercial
  14.7.3 Government & Defense
  14.7.4 Healthcare & Life sciences
  14.7.5 Oil & Gas
  14.7.6 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Thermal Imaging Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Product Type
  15.4.1 Thermal Cameras
  15.4.2 Thermal Modules
  15.4.3 Thermal Scopes
 15.5 Historic and Forecasted Market Size By Technology
  15.5.1 Cooled
  15.5.2 Uncooled
 15.6 Historic and Forecasted Market Size By Application
  15.6.1 Security & Surveillance
  15.6.2 Monitoring & Inspection
  15.6.3 Detection & Measurement
  15.6.4 Others
 15.7 Historic and Forecasted Market Size By End-User
  15.7.1 Automotive
  15.7.2 Commercial
  15.7.3 Government & Defense
  15.7.4 Healthcare & Life sciences
  15.7.5 Oil & Gas
  15.7.6 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Thermal Imaging Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 3.09 Bn.

Forecast Period 2022-28 CAGR:

6.48%

Market Size in 2028:

USD 4.80 Bn.

Segments Covered:

By Product Type

  • Thermal Cameras
  • Thermal Modules
  • Thermal Scopes

By Technology

  • Cooled
  • Uncooled

By Application

  • Security & Surveillance
  • Monitoring & Inspection
  • Detection & Measurement
  • Others

By End Users

  • Automotive
  • Commercial
  • Government & defense
  • Healthcare & life sciences
  • Oil & Gas
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Demand for Surveillance Across Several Verticals Globally

Key Market Restraints:

  • High Cost of Devices

Key Opportunities:

  • Growing Application of Thermal Imaging in Pcs and Smartphones

Companies Covered in the report:

  • Lockheed Martin Corporation (US), FLIR Systems (US), Elbit Systems Ltd. (Israel), Testo (Germany), Fluke Corporation (US), and other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. THERMAL IMAGING MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. THERMAL IMAGING MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. THERMAL IMAGING MARKET COMPETITIVE RIVALRY
TABLE 005. THERMAL IMAGING MARKET THREAT OF NEW ENTRANTS
TABLE 006. THERMAL IMAGING MARKET THREAT OF SUBSTITUTES
TABLE 007. THERMAL IMAGING MARKET BY PRODUCT TYPE
TABLE 008. THERMAL CAMERAS MARKET OVERVIEW (2016-2028)
TABLE 009. THERMAL MODULES MARKET OVERVIEW (2016-2028)
TABLE 010. THERMAL SCOPES MARKET OVERVIEW (2016-2028)
TABLE 011. THERMAL IMAGING MARKET BY TECHNOLOGY
TABLE 012. COOLED MARKET OVERVIEW (2016-2028)
TABLE 013. UNCOOLED MARKET OVERVIEW (2016-2028)
TABLE 014. THERMAL IMAGING MARKET BY APPLICATION
TABLE 015. SECURITY & SURVEILLANCE MARKET OVERVIEW (2016-2028)
TABLE 016. MONITORING & INSPECTION MARKET OVERVIEW (2016-2028)
TABLE 017. DETECTION & MEASUREMENT MARKET OVERVIEW (2016-2028)
TABLE 018. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 019. THERMAL IMAGING MARKET BY END-USER
TABLE 020. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
TABLE 021. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 022. GOVERNMENT & DEFENSE MARKET OVERVIEW (2016-2028)
TABLE 023. HEALTHCARE & LIFE SCIENCES MARKET OVERVIEW (2016-2028)
TABLE 024. OIL & GAS MARKET OVERVIEW (2016-2028)
TABLE 025. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 026. NORTH AMERICA THERMAL IMAGING MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 027. NORTH AMERICA THERMAL IMAGING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 028. NORTH AMERICA THERMAL IMAGING MARKET, BY APPLICATION (2016-2028)
TABLE 029. NORTH AMERICA THERMAL IMAGING MARKET, BY END-USER (2016-2028)
TABLE 030. N THERMAL IMAGING MARKET, BY COUNTRY (2016-2028)
TABLE 031. EUROPE THERMAL IMAGING MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 032. EUROPE THERMAL IMAGING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 033. EUROPE THERMAL IMAGING MARKET, BY APPLICATION (2016-2028)
TABLE 034. EUROPE THERMAL IMAGING MARKET, BY END-USER (2016-2028)
TABLE 035. THERMAL IMAGING MARKET, BY COUNTRY (2016-2028)
TABLE 036. ASIA PACIFIC THERMAL IMAGING MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 037. ASIA PACIFIC THERMAL IMAGING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 038. ASIA PACIFIC THERMAL IMAGING MARKET, BY APPLICATION (2016-2028)
TABLE 039. ASIA PACIFIC THERMAL IMAGING MARKET, BY END-USER (2016-2028)
TABLE 040. THERMAL IMAGING MARKET, BY COUNTRY (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA THERMAL IMAGING MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA THERMAL IMAGING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 043. MIDDLE EAST & AFRICA THERMAL IMAGING MARKET, BY APPLICATION (2016-2028)
TABLE 044. MIDDLE EAST & AFRICA THERMAL IMAGING MARKET, BY END-USER (2016-2028)
TABLE 045. THERMAL IMAGING MARKET, BY COUNTRY (2016-2028)
TABLE 046. SOUTH AMERICA THERMAL IMAGING MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 047. SOUTH AMERICA THERMAL IMAGING MARKET, BY TECHNOLOGY (2016-2028)
TABLE 048. SOUTH AMERICA THERMAL IMAGING MARKET, BY APPLICATION (2016-2028)
TABLE 049. SOUTH AMERICA THERMAL IMAGING MARKET, BY END-USER (2016-2028)
TABLE 050. THERMAL IMAGING MARKET, BY COUNTRY (2016-2028)
TABLE 051. LOCKHEED MARTIN CORPORATION: SNAPSHOT
TABLE 052. LOCKHEED MARTIN CORPORATION: BUSINESS PERFORMANCE
TABLE 053. LOCKHEED MARTIN CORPORATION: PRODUCT PORTFOLIO
TABLE 054. LOCKHEED MARTIN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. FLIR SYSTEMS: SNAPSHOT
TABLE 055. FLIR SYSTEMS: BUSINESS PERFORMANCE
TABLE 056. FLIR SYSTEMS: PRODUCT PORTFOLIO
TABLE 057. FLIR SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. ELBIT SYSTEMS LTD.: SNAPSHOT
TABLE 058. ELBIT SYSTEMS LTD.: BUSINESS PERFORMANCE
TABLE 059. ELBIT SYSTEMS LTD.: PRODUCT PORTFOLIO
TABLE 060. ELBIT SYSTEMS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. TESTO: SNAPSHOT
TABLE 061. TESTO: BUSINESS PERFORMANCE
TABLE 062. TESTO: PRODUCT PORTFOLIO
TABLE 063. TESTO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. FLUKE CORPORATION: SNAPSHOT
TABLE 064. FLUKE CORPORATION: BUSINESS PERFORMANCE
TABLE 065. FLUKE CORPORATION: PRODUCT PORTFOLIO
TABLE 066. FLUKE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. OPGAL: SNAPSHOT
TABLE 067. OPGAL: BUSINESS PERFORMANCE
TABLE 068. OPGAL: PRODUCT PORTFOLIO
TABLE 069. OPGAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. LEONARDO: SNAPSHOT
TABLE 070. LEONARDO: BUSINESS PERFORMANCE
TABLE 071. LEONARDO: PRODUCT PORTFOLIO
TABLE 072. LEONARDO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. L3HARRIS TECHNOLOGIES: SNAPSHOT
TABLE 073. L3HARRIS TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 074. L3HARRIS TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 075. L3HARRIS TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. UNITED TECHNOLOGIES: SNAPSHOT
TABLE 076. UNITED TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 077. UNITED TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 078. UNITED TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. AXIS COMMUNICATIONS: SNAPSHOT
TABLE 079. AXIS COMMUNICATIONS: BUSINESS PERFORMANCE
TABLE 080. AXIS COMMUNICATIONS: PRODUCT PORTFOLIO
TABLE 081. AXIS COMMUNICATIONS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. RAYTHEON COMPAN: SNAPSHOT
TABLE 082. RAYTHEON COMPAN: BUSINESS PERFORMANCE
TABLE 083. RAYTHEON COMPAN: PRODUCT PORTFOLIO
TABLE 084. RAYTHEON COMPAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. SOFRADIR GROUP: SNAPSHOT
TABLE 085. SOFRADIR GROUP: BUSINESS PERFORMANCE
TABLE 086. SOFRADIR GROUP: PRODUCT PORTFOLIO
TABLE 087. SOFRADIR GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. BAE SYSTEMS PLC: SNAPSHOT
TABLE 088. BAE SYSTEMS PLC: BUSINESS PERFORMANCE
TABLE 089. BAE SYSTEMS PLC: PRODUCT PORTFOLIO
TABLE 090. BAE SYSTEMS PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. THERMOTEKNIX SYSTEMS: SNAPSHOT
TABLE 091. THERMOTEKNIX SYSTEMS: BUSINESS PERFORMANCE
TABLE 092. THERMOTEKNIX SYSTEMS: PRODUCT PORTFOLIO
TABLE 093. THERMOTEKNIX SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 093. L-3 COMMUNICATIONS HOLDINGS INC.: SNAPSHOT
TABLE 094. L-3 COMMUNICATIONS HOLDINGS INC.: BUSINESS PERFORMANCE
TABLE 095. L-3 COMMUNICATIONS HOLDINGS INC.: PRODUCT PORTFOLIO
TABLE 096. L-3 COMMUNICATIONS HOLDINGS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 096. LEONARDO DRS: SNAPSHOT
TABLE 097. LEONARDO DRS: BUSINESS PERFORMANCE
TABLE 098. LEONARDO DRS: PRODUCT PORTFOLIO
TABLE 099. LEONARDO DRS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 099. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 100. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 101. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 102. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. THERMAL IMAGING MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. THERMAL IMAGING MARKET OVERVIEW BY PRODUCT TYPE
FIGURE 012. THERMAL CAMERAS MARKET OVERVIEW (2016-2028)
FIGURE 013. THERMAL MODULES MARKET OVERVIEW (2016-2028)
FIGURE 014. THERMAL SCOPES MARKET OVERVIEW (2016-2028)
FIGURE 015. THERMAL IMAGING MARKET OVERVIEW BY TECHNOLOGY
FIGURE 016. COOLED MARKET OVERVIEW (2016-2028)
FIGURE 017. UNCOOLED MARKET OVERVIEW (2016-2028)
FIGURE 018. THERMAL IMAGING MARKET OVERVIEW BY APPLICATION
FIGURE 019. SECURITY & SURVEILLANCE MARKET OVERVIEW (2016-2028)
FIGURE 020. MONITORING & INSPECTION MARKET OVERVIEW (2016-2028)
FIGURE 021. DETECTION & MEASUREMENT MARKET OVERVIEW (2016-2028)
FIGURE 022. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 023. THERMAL IMAGING MARKET OVERVIEW BY END-USER
FIGURE 024. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
FIGURE 025. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 026. GOVERNMENT & DEFENSE MARKET OVERVIEW (2016-2028)
FIGURE 027. HEALTHCARE & LIFE SCIENCES MARKET OVERVIEW (2016-2028)
FIGURE 028. OIL & GAS MARKET OVERVIEW (2016-2028)
FIGURE 029. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 030. NORTH AMERICA THERMAL IMAGING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. EUROPE THERMAL IMAGING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. ASIA PACIFIC THERMAL IMAGING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. MIDDLE EAST & AFRICA THERMAL IMAGING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 034. SOUTH AMERICA THERMAL IMAGING MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Thermal Imaging Market research report?

The forecast period in the Thermal Imaging Market research report is 2022-2028.

Who are the key players in Thermal Imaging Market?

Lockheed Martin Corporation (US), FLIR Systems (US), Elbit Systems Ltd. (Israel), Testo (Germany), Fluke Corporation (US), Opgal (Israel), Leonardo (Italy), L3HARRIS TECHNOLOGIES (US), United Technologies (US), Axis Communications (Sweden), Raytheon Company (US), Sofradir Group (US), BAE Systems PLC (UK), Xenics (Belgium), Thermoteknix Systems (UK), L-3 Communications Holdings, Inc. (the US), Leonardo DRS (US), and other major players.

What are the segments of the Thermal Imaging Market?

The Thermal Imaging Market is segmented into Product Type, Technology, Application, End Users, and region. By Product Type, the market is categorized into Thermal Cameras, Thermal Modules, and Thermal Scopes. By Technology, the market is categorized into Cooled, Uncooled. By Application, the market is categorized into Security & Surveillance, Monitoring & Inspection, Detection & Measurement, and Others. By End-User the market is categorized into Automotive, Commercial, Government & Defense, Healthcare & life sciences, Oil & Gas, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Thermal Imaging Market?

Thermal Imaging is a method of using infrared radiation and thermal energy to collect information regarding the objects, aiming to develop images of them, even in low visibility environments. It's a type of technology that has conglomerated a broad range of uses across the years.

How big is the Thermal Imaging Market?

The Global Thermal Imaging market was valued at USD 3.09 billion in 2021 and is expected to reach USD 4.80 billion by the year 2028, at a CAGR of 6.48%.