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Thermal Imaging Trends and Forecast
The future of the global thermal imaging market looks promising with opportunities in the security & surveillance, monitoring & inspection, and detection & measurement markets. The global thermal imaging market is expected to reach an estimated $5.5 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing adoption in industrial and medical applications, increasing demand for security and surveillance in military and defense industry, and rising research and development investmements by the market players.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Thermal Imaging by Segment
The study includes a forecast for the global thermal imaging by product, technology, application, end use, and region.
Thermal Imaging Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Thermal Camera
• Thermal Scopes
• Thermal Module
Thermal Imaging Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Cooled
• Uncooled
Thermal Imaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Security & Surveillance
• Monitoring & Inspection
• Detection & Measurement
Thermal Imaging Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Industrial
• Commercial
• Residential
• Aerospace & Defence
• Automotive
• Healthcare
• Oil & Gas
• Food & Beverages
• Others
Thermal Imaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Thermal Imaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermal imaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermal imaging companies profiled in this report include-
• FLIR System
• United Technologies
• Opgal
• Xenics
• BAE System
Thermal Imaging Market Insights
Lucintel forecasts that thermal camera will remain the largest segment over the forecast period due to its increasing adoption in the commercial as well as residential sectors.
Within this market, security and surveillance will remain the largest segment due to the rising urbanization, threat of terrorism is increasing around the world, and governments and businesses are investing heavily in security measures to protect their citizens and assets.
North America will remain the largest region during the forecast period due to increasing requirement for surveillance from among the various end use industries, on-going technological advancement of high-speed infrared cameras, and growing government spending in the aerospac and defense market of the region.
Features of the Global Thermal Imaging Market
Market Size Estimates: Thermal imaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Thermal imaging market size by various segments, such as by product, technology, application, end use, and region in terms of ($B).
Regional Analysis: Thermal imaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, technologies, applications, end uses, and regions for the thermal imaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermal imaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the thermal imaging market size?
Answer: The global thermal imaging market is expected to reach an estimated $5.5 billion by 2030.
Q.2 What is the growth forecast for thermal imaging market?
Answer: The global thermal imaging market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the thermal imaging market?
Answer: The major drivers for this market are growing adoption in industrial and medical applications, increasing demand for security and surveillance in military and defense industry, and rising research and development investmements by the market players.
Q4. What are the major segments for thermal imaging market?
Answer: The future of the thermal imaging market looks promising with opportunities in the security & surveillance, monitoring & inspection, and detection & measurement markets.
Q5. Who are the key thermal imaging market companies?
Answer: Some of the key thermal imaging companies are as follows:
• FLIR System
• United Technologies
• Opgal
• Xenics
• BAE System
Q6. Which thermal imaging market segment will be the largest in future?
Answer: Lucintel forecasts that thermal camera will remain the largest segment over the forecast period due to its increasing adoption in the commercial as well as residential sectors.
Q7. In thermal imaging market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region during the forecast period due to increasing requirement for surveillance from among the various end use industries, on-going technological advancement of high-speed infrared cameras, and growing government spending in the aerospac and defense market of the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the thermal imaging market by product (thermal camera, thermal scopes, and thermal module), technology (cooled and uncooled), application (security & surveillance, monitoring & inspection, and detection & measurement), end use (industrial, commercial, residential, aerospace & defence, automotive, healthcare, oil & gas, food & beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Thermal Imaging Market, Thermal Imaging Market Size, Thermal Imaging Market Growth, Thermal Imaging Market Analysis, Thermal Imaging Market Report, Thermal Imaging Market Share, Thermal Imaging Market Trends, Thermal Imaging Market Forecast, Thermal Imaging Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Thermal Imaging Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Thermal Imaging Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Thermal Imaging Market by Product
3.3.1: Thermal Camera
3.3.2: Thermal Scopes
3.3.3: Thermal Module
3.4: Global Thermal Imaging Market by Technology
3.4.1: Cooled
3.4.2: Uncooled
3.5: Global Thermal Imaging Market by Application
3.5.1: Security & Surveillance
3.5.2: Monitoring & Inspection
3.5.3: Detection & Measurement
3.6: Global Thermal Imaging Market by End Use
3.6.1: Industrial
3.6.2: Commercial
3.6.3: Residential
3.6.4: Aerospace & Defence
3.6.5: Automotive
3.6.6: Healthcare
3.6.7: Oil & Gas
3.6.8: Food & Beverages
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Thermal Imaging Market by Region
4.2: North American Thermal Imaging Market
4.2.2: North American Thermal Imaging Market by Application: Security & Surveillance, Monitoring & Inspection, and Detection & Measurement
4.3: European Thermal Imaging Market
4.3.1: European Thermal Imaging Market by Product: Thermal Camera, Thermal Scopes, and Thermal Module
4.3.2: European Thermal Imaging Market by Application: Security & Surveillance, Monitoring & Inspection, and Detection & Measurement
4.4: APAC Thermal Imaging Market
4.4.1: APAC Thermal Imaging Market by Product: Thermal Camera, Thermal Scopes, and Thermal Module
4.4.2: APAC Thermal Imaging Market by Application: Security & Surveillance, Monitoring & Inspection, and Detection & Measurement
4.5: ROW Thermal Imaging Market
4.5.1: ROW Thermal Imaging Market by Product: Thermal Camera, Thermal Scopes, and Thermal Module
4.5.2: ROW Thermal Imaging Market by Application: Security & Surveillance, Monitoring & Inspection, and Detection & Measurement
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Thermal Imaging Market by Product
6.1.2: Growth Opportunities for the Global Thermal Imaging Market by Technology
6.1.3: Growth Opportunities for the Global Thermal Imaging Market by Application
6.1.4: Growth Opportunities for the Global Thermal Imaging Market by End Use
6.1.5: Growth Opportunities for the Global Thermal Imaging Market by Region
6.2: Emerging Trends in the Global Thermal Imaging Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Thermal Imaging Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thermal Imaging Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: FLIR System
7.2: United Technologies
7.3: Opgal
7.4: Xenics
7.5: BAE system
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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