Market Research Report
Thermal Imaging Market by Type (Cameras, Modules, Scopes), Application (Security & Surveillance, Monitoring & Inspection, Detection), Vertical (Aerospace & Defense, Industrial, Healthcare & Life Sciences), and Geography - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||639936|
|Published||Content info||141 Pages
Delivery time: 1-2 business days
|Thermal Imaging Market by Type (Cameras, Modules, Scopes), Application (Security & Surveillance, Monitoring & Inspection, Detection), Vertical (Aerospace & Defense, Industrial, Healthcare & Life Sciences), and Geography - Global Forecast to 2023|
|Published: May 11, 2018||Content info: 141 Pages||
The thermal imaging market was valued at USD 2.72 billion in 2017 and is expected to reach USD 4.04 billion by 2023, at a CAGR of 6.73% during the forecast period. Reduction in the price of thermal imaging products, the increasing adoption of thermal imaging in perimeter security, and penetration in machine vision applications are driving the growth of this market. However, export restrictions and additional detailing required for longwave infrared cameras restrain the growth of the thermal imaging market.
The market for the monitoring and inspection application is expected to grow at the highest CAGR owing to the penetration of low-cost and high-quality thermal imaging cameras in home automation, medical, food processing, and ADAS. Moreover, miniaturized camera modules are used by most of the OEMs for their customized solutions, resulting in their increased growth.
The market for healthcare & life sciences is expected to grow at the highest CAGR during the forecast period. Thermography in the healthcare & life sciences sector provides an accurate, quantifiable, and noncontact diagnostic detection, which is used to visualize and quantify changes in surface temperatures. In this sector, the applications of thermography include vascular evaluation, muscle strain assessment, and bleeding point detection.
The thermal imaging market in APAC is expected to grow at the highest CAGR during 2018-2023. A number of OEMs as well as product manufacturers have presence in APAC. Growing demand for thermal imaging is attributed to the increasing demand for security and surveillance in aerospace & defense and commercial sectors.
The report details the competitive landscape for prominent players, including FLIR Systems (US), Fortive (US), Axis Communications (Sweden), Leonardo (Italy), BAE Systems (UK), L3 Technologies (US), United Technologies (US), Sofradir (France), Testo (Germany), Xenics (Belgium), and Seek Thermal (US).
This research report categorizes the global thermal imaging market on the basis of type, application, vertical, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the market.
The report would help leaders/new entrants in this market in the following ways:
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.