With the emergence and long-term Impact of COVID-19, Global Thermal Imaging Market to reach USD 5.14 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Thermal Imaging Market points towards a potential rise to USD 5.14 Billion by 2030. The thermal imaging market refers to the market for thermal imaging technology, which is used to capture and display images of heat radiation emitted by objects and surfaces. Thermal imaging cameras and sensors capture the infrared radiation emitted by objects and convert it into an image that can be analyzed and interpreted for a wide range of applications, including surveillance and security, industrial inspection, healthcare, and firefighting.
The major driving factor for the Global Thermal Imaging Market are increasing demand of thermal imaging in various industries and growing awareness of safety and security. Moreover, the government initiatives and regulations and increasing demand for non-invasive screening and diagnostics is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
Geographically, the global Thermal Imaging market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). The North American thermal imaging market is expected to dominate the market due to the increasing demand for thermal imaging solutions in various applications, such as surveillance and security, industrial inspection, and healthcare. The presence of key players, such as FLIR Systems and Raytheon Technologies, is also expected to contribute to the growth of the market in this region.
The Asia Pacific thermal imaging market is expected to grow rapidly due to the increasing demand for thermal imaging solutions in applications such as surveillance, firefighting, and industrial inspection. The increasing investment in infrastructure development in countries like China and India is also expected to drive the growth of the market in this region.
The global Thermal Imaging market is highly competitive owing to the presence of several key players such as BAE System Plc (Farnborough, United Kingdom) Leonardo S.p.A. (Rome, Italy) Thales Group (La Défense, France) FLIR Systems, Inc. (Oregon, United States) American Technologies Network Corporation (California, United States) Fluke Corporation (Washington, United States) Thermoteknix Systems Ltd. (Cambridge, United Kingdom) Seek Thermal, Inc. (California, United States) Cantronic Systems, Inc. (British Columbia, Canada) Excelitas Technologies Corp. (Waltham, Massachusetts, United States) and others.
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Key findings of the study suggest:
- Global Thermal Imaging Market is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2023-2030.
- In the Product segment, Thermal Camera emerged out as the leading market segment in 2022.
- North American is anticipated to drive regional growth owing to the increasing demand for thermal imaging solutions in various applications, such as surveillance and security, industrial inspection, and healthcare. The presence of key players, such as FLIR Systems and Raytheon Technologies, is also expected to contribute to the growth of the market in this region.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Thermal Camera
- Thermal Scopes
- Thermal Module
By Application:
- Border Surveillance
- Vehicle Targeting
- C-UAS
- Maritime & Coastal Surveillance
- Critical Infrastructure
- Others (Thermal Imaging in Machineries, Medical, and Firefighting, etc.)
By Type:
- Handheld
- Fixed/Mounted
By Technology:
- Cooled
- Uncooled
By Wavelength:
- Shortwave Infrared (SWIR)
- Mid-wave Infrared (MWIR)
- Longwave Infrared (LWIR)
By Vertical:
- Aerospace and Defense
- Law Enforcement
- Healthcare
- Automotive
- Oil and Gas
- Residential
- Manufacturing
- Others (Utility, Chemical, etc.)
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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