Thermal Imaging - Global Market Outlook (2018-2027)

According to Stratistics MRC, the Global Thermal Imaging market is accounted for $2.90 billion in 2018 and is expected to reach $5.90 billion by 2027 growing at a CAGR of 8.2% during the forecast period. Some of the key factors propelling the market growth are the decrease in the average selling price of these cameras, rising government expenditure on aerospace & defence industries, and the incorporation of camera modules with smart phones. However, export restriction imposed on these products and high costs of these devices are the restraining factor for the growth of the market.

Thermal Imaging is the procedure of improving visibility and clarity of objects even in dark by identifying an object or an image utilizing infrared light. Emergence of thermal imaging has helped organizations decrease their down time. Organizations no longer would need to shut down their operational systems even during thermal audit. It aids organizations save lot money by helping them detect defective components at the beginning itself. Besides this, the procedure is totally non-invasive and includes zero physical contact. Consequently, there is no harm caused to the devices exposed to thermal surveys.

By application, monitoring and inspection segment is expected to grow at the significant market share during the forecast period due to the increasing adoption of thermal cameras in commercial, residential, and industrial sectors. They are utilized as a maintenance tool for monitoring and inspection application in different buildings, historical monuments, and industrial equipment. Besides, they are significantly in demand from these sectors to monitor the structural health of buildings and equipment.

On the basis of geography, North America is anticipated to hold considerable market share during the forecast period as the thermal cameras are utilized by maintenance operators for monitoring and inspection of business and residential buildings. North America is home to various historical monuments, commercial as well as residential buildings, and different process and manufacturing industries.

Some of the key players in Thermal Imaging Market include Axis Communications AB, BAE Systems, FLIR Systems Inc, Fluke Corporation, L3HARRIS TECHNOLOGIES INC, Leonardo S.p.A., Opgal, Testo SE & Co KGaA, United Technologies and Xenics.

Solutions Covered:

• Software
• Hardware
• Services

Wavelengths Covered:

• Short-Wave Infrared (SWIR)
• Mid-Wave Infrared (MWIR)
• Long-Wave Infrared (LWIR)

Products Covered:

• Thermal Cameras
• Thermal Scopes
• Thermal Modules
• Fixed/Mounted Cores
• Scopes & Vision Goggles

Technologies Covered:

• Cooled
• Uncooled

Applications Covered:

• Security and Surveillance
• Monitoring and Inspection
• Detection and Measurement
• Personal Vision Systems
• Search & Rescue
• Firefighting
• Intelligent Transportation System
• Surveys
• Research & Development

End Users Covered:

• Industrial
• Commercial
• Military
• Electronics
• Residential
• Aerospace & Defense
• Automotive
• Healthcare & Life Sciences
• Oil & Gas
• Food & Beverages
• Government

Regions Covered:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• UK
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• New Zealand
• Rest of Asia Pacific
• South America
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
• Comprehensive profiling of additional market players (up to 3)
• SWOT Analysis of key players (up to 3)
• Regional Segmentation
• Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
• 2.4.1 Data Mining
• 2.4.2 Data Analysis
• 2.4.3 Data Validation
• 2.4.4 Research Approach
• 2.5 Research Sources
• 2.5.1 Primary Research Sources
• 2.5.2 Secondary Research Sources
• 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Technology Analysis
• 3.8 Application Analysis
• 3.9 End User Analysis
• 3.10 Emerging Markets
• 3.11 Futuristic Market Scenario

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Thermal Imaging Market, By Solution

• 5.1 Introduction
• 5.2 Software
• 5.3 Hardware
• 5.4 Services

6 Global Thermal Imaging Market, By Wavelength

• 6.1 Introduction
• 6.2 Short-Wave Infrared (SWIR)
• 6.3 Mid-Wave Infrared (MWIR)
• 6.4 Long-Wave Infrared (LWIR)

7 Global Thermal Imaging Market, By Product

• 7.1 Introduction
• 7.2 Thermal Cameras
• 7.3 Thermal Scopes
• 7.4 Thermal Modules
• 7.5 Fixed/Mounted Cores
• 7.6 Scopes & Vision Goggles

8 Global Thermal Imaging Market, By Technology

• 8.1 Introduction
• 8.2 Cooled
• 8.3 Uncooled

9 Global Thermal Imaging Market, By Application

• 9.1 Introduction
• 9.2 Security and Surveillance
• 9.2.1 Perimeter Security
• 9.2.2 Unmanned Aerial Vehicle (UAV)
• 9.2.3 Tracking
• 9.3 Monitoring and Inspection
• 9.3.1 Machine Condition Monitoring
• 9.3.2 Structural Health Monitoring
• 9.3.3 Quality Assessment
• 9.3.4 HVAC System Inspection
• 9.4 Detection and Measurement
• 9.4.1 Gas Detection
• 9.4.2 Fire/Flare Detection
• 9.4.3 Body Temperature Measurement
• 9.4.4 Level Measurement
• 9.4.5 Prototype Assessment
• 9.5 Personal Vision Systems
• 9.6 Search & Rescue
• 9.7 Firefighting
• 9.8 Intelligent Transportation System
• 9.9 Surveys
• 9.10 Research & Development

10 Global Thermal Imaging Market, By End User

• 10.1 Introduction
• 10.2 Industrial
• 10.3 Commercial
• 10.4 Military
• 10.5 Electronics
• 10.6 Residential
• 10.7 Aerospace & Defense
• 10.8 Automotive
• 10.9 Healthcare & Life Sciences
• 10.10 Oil & Gas
• 10.11 Food & Beverages
• 10.12 Government

11 Global Thermal Imaging Market, By Geography

• 11.1 Introduction
• 11.2 North America
• 11.2.1 US
• 11.2.2 Canada
• 11.2.3 Mexico
• 11.3 Europe
• 11.3.1 Germany
• 11.3.2 UK
• 11.3.3 Italy
• 11.3.4 France
• 11.3.5 Spain
• 11.3.6 Rest of Europe
• 11.4 Asia Pacific
• 11.4.1 Japan
• 11.4.2 China
• 11.4.3 India
• 11.4.4 Australia
• 11.4.5 New Zealand
• 11.4.6 South Korea
• 11.4.7 Rest of Asia Pacific
• 11.5 South America
• 11.5.1 Argentina
• 11.5.2 Brazil
• 11.5.3 Chile
• 11.5.4 Rest of South America
• 11.6 Middle East & Africa
• 11.6.1 Saudi Arabia
• 11.6.2 UAE
• 11.6.3 Qatar
• 11.6.4 South Africa
• 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Axis Communications AB
• 13.2 BAE Systems
• 13.3 Calumino
• 13.4 COX
• 13.5 C-Thermal
• 13.6 FLIR Systems Inc
• 13.7 Fluke Corporation
• 13.8 Hgh Infrared Systems
• 13.9 L3HARRIS TECHNOLOGIES INC
• 13.10 Leonardo S.p.A.
• 13.11 Lynred
• 13.12 Opgal
• 13.13 Seek Thermal
• 13.14 Terabee
• 13.15 Testo SE & Co KGaA
• 13.16 Thermoteknix Systems Ltd
• 13.17 Tonbo Imaging
• 13.18 United Technologies
• 13.19 Xenics
• 13.20 Zhejiang Dali Technology Co Ltd
• 13.21 Zhejiang Ulirvision Technology Co Ltd

List of Tables

• Table 1 Global Thermal Imaging Market Outlook, By Region (2017-2027) ($MN)
• Table 2 Global Thermal Imaging Market Outlook, By Solution (2017-2027) ($MN)
• Table 3 Global Thermal Imaging Market Outlook, By Software (2017-2027) ($MN)
• Table 4 Global Thermal Imaging Market Outlook, By Hardware (2017-2027) ($MN)
• Table 5 Global Thermal Imaging Market Outlook, By Services (2017-2027) ($MN)
• Table 6 Global Thermal Imaging Market Outlook, By Wavelength (2017-2027) ($MN)
• Table 7 Global Thermal Imaging Market Outlook, By Short-Wave Infrared (SWIR) (2017-2027) ($MN)
• Table 8 Global Thermal Imaging Market Outlook, By Mid-Wave Infrared (MWIR) (2017-2027) ($MN)
• Table 9 Global Thermal Imaging Market Outlook, By Long-Wave Infrared (LWIR) (2017-2027) ($MN)
• Table 10 Global Thermal Imaging Market Outlook, By Product (2017-2027) ($MN)
• Table 11 Global Thermal Imaging Market Outlook, By Thermal Cameras (2017-2027) ($MN)
• Table 12 Global Thermal Imaging Market Outlook, By Thermal Scopes (2017-2027) ($MN)
• Table 13 Global Thermal Imaging Market Outlook, By Thermal Modules (2017-2027) ($MN)
• Table 14 Global Thermal Imaging Market Outlook, By Fixed/Mounted Cores (2017-2027) ($MN)
• Table 15 Global Thermal Imaging Market Outlook, By Scopes & Vision Goggles (2017-2027) ($MN)
• Table 16 Global Thermal Imaging Market Outlook, By Technology (2017-2027) ($MN)
• Table 17 Global Thermal Imaging Market Outlook, By Cooled (2017-2027) ($MN)
• Table 18 Global Thermal Imaging Market Outlook, By Uncooled (2017-2027) ($MN)
• Table 19 Global Thermal Imaging Market Outlook, By Application (2017-2027) ($MN)
• Table 20 Global Thermal Imaging Market Outlook, By Security and Surveillance (2017-2027) ($MN)
• Table 21 Global Thermal Imaging Market Outlook, By Perimeter Security (2017-2027) ($MN)
• Table 22 Global Thermal Imaging Market Outlook, By Unmanned Aerial Vehicle (UAV) (2017-2027) ($MN)
• Table 23 Global Thermal Imaging Market Outlook, By Tracking (2017-2027) ($MN)
• Table 24 Global Thermal Imaging Market Outlook, By Monitoring and Inspection (2017-2027) ($MN)
• Table 25 Global Thermal Imaging Market Outlook, By Machine Condition Monitoring (2017-2027) ($MN)
• Table 26 Global Thermal Imaging Market Outlook, By Structural Health Monitoring (2017-2027) ($MN)
• Table 27 Global Thermal Imaging Market Outlook, By Quality Assessment (2017-2027) ($MN)
• Table 28 Global Thermal Imaging Market Outlook, By HVAC System Inspection (2017-2027) ($MN)
• Table 29 Global Thermal Imaging Market Outlook, By Detection and Measurement (2017-2027) ($MN)
• Table 30 Global Thermal Imaging Market Outlook, By Gas Detection (2017-2027) ($MN)
• Table 31 Global Thermal Imaging Market Outlook, By Fire/Flare Detection (2017-2027) ($MN)
• Table 32 Global Thermal Imaging Market Outlook, By Body Temperature Measurement (2017-2027) ($MN)
• Table 33 Global Thermal Imaging Market Outlook, By Level Measurement (2017-2027) ($MN)
• Table 34 Global Thermal Imaging Market Outlook, By Prototype Assessment (2017-2027) ($MN)
• Table 35 Global Thermal Imaging Market Outlook, By Personal Vision Systems (2017-2027) ($MN)
• Table 36 Global Thermal Imaging Market Outlook, By Search & Rescue (2017-2027) ($MN)
• Table 37 Global Thermal Imaging Market Outlook, By Firefighting (2017-2027) ($MN)
• Table 38 Global Thermal Imaging Market Outlook, By Intelligent Transportation System (2017-2027) ($MN)
• Table 39 Global Thermal Imaging Market Outlook, By Surveys (2017-2027) ($MN)
• Table 40 Global Thermal Imaging Market Outlook, By Research & Development (2017-2027) ($MN)
• Table 41 Global Thermal Imaging Market Outlook, By End User (2017-2027) ($MN)
• Table 42 Global Thermal Imaging Market Outlook, By Industrial (2017-2027) ($MN)
• Table 43 Global Thermal Imaging Market Outlook, By Commercial (2017-2027) ($MN)
• Table 44 Global Thermal Imaging Market Outlook, By Military (2017-2027) ($MN)
• Table 45 Global Thermal Imaging Market Outlook, By Electronics (2017-2027) ($MN)
• Table 46 Global Thermal Imaging Market Outlook, By Residential (2017-2027) ($MN)
• Table 47 Global Thermal Imaging Market Outlook, By Aerospace & Defense (2017-2027) ($MN)
• Table 48 Global Thermal Imaging Market Outlook, By Automotive (2017-2027) ($MN)
• Table 49 Global Thermal Imaging Market Outlook, By Healthcare & Life Sciences (2017-2027) ($MN)
• Table 50 Global Thermal Imaging Market Outlook, By Oil & Gas (2017-2027) ($MN)
• Table 51 Global Thermal Imaging Market Outlook, By Food & Beverages (2017-2027) ($MN)
• Table 52 Global Thermal Imaging Market Outlook, By Government (2017-2027) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.