The global thermal imaging market is anticipated to grow at a CAGR 7.2% during the forecast period. The market is driven by growing the growing investments by companies, governments, and capital ventures to develop innovative thermal imaging solutions. For instance, in April 2019, DroneBase raises capital and partners with FLIR Systems to train pilots on thermal imaging technology. FLIR Systems’ investment in DroneBase helps expand the adoption of FLIR thermal imaging technology. Such investment by major market players to develop innovative solutions is significantly contributing to the market growth. In addition, rising demand for thermal imaging solutions in security and surveillance in government & defense is boosting the growth of the thermal imaging market during the forecast period.
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Based on vertical, the market is segmented into industrial, commercial, residential, government& defense, and healthcare & life science. The industrial segment is expected to hold a significant share in the thermal imaging market during the forecast period. In the automotive industry, the thermal imaging devices are utilized by engineers to validate the efficiency of HVAC systems in automobiles, to enhance the designs of airbag systems, quantify thermal impacts on tier wear and perform quality checks on bonds and welds. High-end automakers that include Porsche, Audi and BMW have been fitting their cars with thermal imaging sensors.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Thermal Imaging Market- Segmentation
By Technology
- Cooled Infrared Detectors
- Uncooled Infrared Detectors
By Product Type
- Handheld/Portable Camera
- Fixed/Mounted Cores Fixed/Mounted Cores
- Scopes & Vision Goggles
By Vertical
- Industrial
- Commercial
- Residential
- Government & Defense
- Healthcare & Life Sciences
Global Thermal Imaging Market – Segment by Region
North America
- The US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East Africa
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global thermal imaging market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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