Analysis of the Thermal Imaging Systems Market: Assessment of Market Size, Trends, Statistics, and Competitors
Global Thermal Imaging Systems Market by Type (Handheld and Fixed/Mounted), by Product (Camera, Module, and Scopes), by Technology (Cooled and Uncooled), by Wavelength (Midwave, Longwave, and Shortwave), by Application (Residential, Automotive, Healthcare, Manufacturing, Oil & Gas, Aerospace & Defense, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Size, Share, COVID-19 Impact, Regional Analysis & Forecast Till 2030
Category - Semiconductor & Electronics
Report Code - OMR-SE-120
Format: PDF, PPT, and Excel
Thermal Imaging Systems Market Overview
Heat imaging is a technique that uses infrared radiation and heat energy to produce images of things, even in low visibility settings. It's a form of technology that's found various applications over the years. In particular, it's a useful sort of night-vision technology that doesn't require any visible light to function so that it can see clearly through conditions like smoke, fog, smog, and haze. Modern thermal cameras and imagers use a sensitive heat sensor to detect extremely small temperature changes. Demand from the business and residential markets is predicted to be strong, contributing significantly to expansion. Affordable cameras are now readily available thanks to mass manufacture. The growing interest in thermal imaging systems for various uses is the key factor projected to propel the market over the forecast time frame. The invention of microbolometers due to technological advancements promises several expansion chances in the years ahead. The expansion of the thermal imaging market will be spurred by rising demand for technology in security and surveillance settings at home and public places. Rapid urbanization is predicted to increase demand for cutting-edge security measures. Thermal imaging system market growth is anticipated to be boosted throughout the forecast period by rising expenditure on infrastructure systems and the high need for professional surveillance. There was always a problem with exporting thermal imaging products. The United States government restricts the export of thermal and infrared cameras to specific countries.
Thermal Imaging Systems Market Growth Factors
Rising Adoption of Advanced Solutions Combined with Increasing Applications for Measuring Body Temperature will Ignite Market Value
As a result of the COVID-19 epidemic, numerous sectors, including the medical and biomedical industries, the transportation sector, and others, have a significant need for thermal imaging solutions. Many establishments have installed temperature screening systems to prevent the transmission of illness. The Chinese police employ thermal cameras and eyewear to spot people with abnormally high body temperatures on the street. The police in Dubai aren't the only ones adopting smart thermal helmets equipped with AI scanners to identify people with abnormally high core body temperatures. Companies are interested in using goods for fever screening when various countries lift quarantines due to the spread of the COVID-19 virus. The increasing demand for combat operations and night patrolling is driving the military and defense industries to use sophisticated thermal imaging cameras, driving the market's expansion. Even in bad weather, these cameras have the range to pick up distant targets. Binoculars, monoculars, military vehicles, and remotely operated turrets are only some of the tools utilized for border monitoring. Due to technical developments, businesses have miniaturized IR and thermal imaging sensors, making them more efficient and user-friendly. IR and thermal imaging handheld systems are gaining popularity due to their portability and finding uses in various industries. Moreover, the next five years should see a rise in automotive applications. The rising popularity of thermal imaging systems like thermal cameras in the automobile industry to make driving safer, especially at night, is a major factor in the expansion of the thermal imaging market. High-performance infrared cameras are now achievable due to recent advancements in cooled mercury cadmium telluride (MCT or HgCdTe) infrared detector technology, which are used in various demanding thermal imaging applications.
The Inclusion of Thermal Imaging Systems within Healthcare and Rising Dependency on Automotives will Augment Market Growth
Businesses now prioritize enterprise mobility due to the proliferation of mobile devices. Dramatic non-invasive diagnostic screening methods are used to make a diagnosis when the disease has progressed to an advanced stage. This method can detect cancer in its earliest stages when used with other screening and diagnostic methods. Conditions such as vascular disease, injury, and infection can all be diagnosed with these methods. Thermal imaging cameras can monitor the amount of heat emitted by a person's body to indicate their general health. Several dangerous diseases, especially if caught at a later stage, can be avoided using this method. This method uses pictures to draw attention to thermal imbalances and recurring heat patterns. Thermal imaging cameras are used to assess inflammation caused by blood flow in the human body. Thermal imaging solutions that provide a premium consumer experience have seen an uptick in demand in response to the rising popularity of driverless and autonomous vehicles. The vehicle's detection and control systems make use of several sensors. They combine thermal cameras and proximity sensors to aid in all vehicle operation aspects. These thermal cameras assess environmental conditions affecting the vehicle's ability to do certain tasks. To reduce casualties, automatic braking devices are used. To rule out anomalous parameters within the human body, many industries worldwide have implemented thermal imaging cameras into their systems. During the pandemic, this technology was implemented because a sudden increase in body temperature was a reliable indicator of who had contracted the virus and who had not, thus protecting the latter group. The military has also found significant success using thermal imaging cameras. Even in unfavorable weather, targets were located at great distances. Using thermal imaging cameras yielded accurate data, aiding military installations. This technology is widely used for surveillance by various military equipment, including monoculars, binoculars, and military vehicles.
Thermal Imaging Systems Industry Segmentation
Type
• Handheld
• Fixed/Mounted
Product
• Camera
• Module
• Scopes
Technology
• Cooled
• Uncooled
Wavelength
• Midwave
• Longwave
• Shortwave
Application
• Residential
• Automotive
• Healthcare
• Manufacturing
• Oil & Gas
• Aerospace & Defense
• Others
Thermal Imaging Systems Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
Type Insights
Fixed/Mounted Devices to Sell Rapidly Owing to the Increasing Need for Scanning and Detecting Organisms
The global market can be fragmented across handheld and fixed/mounted based on type.
The segment that refers to fixed or mounted products has the biggest market share. The expansion can be attributed to the increasing demand for fixed CCTV cameras to be used for reasons of monitoring and security. Because the gadget is in a fixed or installed position, a person is no longer required to scan and detect the object or living organisms.
It is anticipated that the handheld sector will be the section with the highest rate of growth due to the portability and simplicity of use associated with this category. The expansion can be attributed to the incorporation of thermal imaging methods into mobile devices such as smartphones.
Product Insights
Cameras to Grow Exponentially in Terms of Share due to their Ability to be Combined with Other Security Features
The global market can be split between camera, module, and scopes based on product.
The worldwide thermal imaging market saw the most revenue increase in the camera segment in 2022. Because catching would-be burglars or vandals in the act is much more likely when thermal imaging cameras are used with other security measures like guards or monitoring services. For example, thermal cameras can see through thick foliage and detect temperature changes. Even in less-than-ideal weather, like heavy rain or fog, the image from a thermal camera is perfectly useful. A standard video camera, however, would certainly struggle to capture good film in such a setting.
The scopes are expected to generate a sizable amount of money for the global thermal imaging industry. This is because a thermal scope can be used at any time of day or night, eliminating the need for a second device. Because the internal picture intensifier tubes can be damaged by direct sunlight, daytime use of night vision is not advised. This renders night-vision-dependent devices largely useless during daylight hours.
Wavelength Insight
Longwave Infrared to Accommodate Lion Market Share Owing to Expanding Features Compared to its Counterparts
Based on application, the global market can be fragmented across midwave, longwave, and shortwave.
Longwave infrared (LWIR) is the category that controls the largest portion of the market. The expansion can be attributed to the development of new technologies and the expanding use of LWIR cameras in various surveillance and protection-related contexts. Compared to MWIR and LWIR, the benefits gained from shortwave infrared (SWIR) devices are more limited.
The mid-wave infrared (MWIR) market is anticipated to experience the highest growth rate over the next few years. This growth can be attributed to the company's capacity to function effectively in challenging settings such as those containing aerosol, smoke, or fog.
Application Insights
Aerospace & Defense Applications to Utilize These Systems Due to Increased Investments in R&D
The global market can be segregated across residential, automotive, healthcare, manufacturing, oil & gas, aerospace & defense, and others based on application.
Initial uses of infrared and thermal imaging systems were in aerospace and defense. Increased spending on surveillance, infrared, and thermal imaging equipment within the defense industry bodes well for the technology's future widespread use. Governments worldwide are investing in military R&D to increase the quality of information available to military troops. IR thermography equipment has become increasingly popular in the defense industry, which has affected the development of particularly short-wavelength IR cameras. Crime and violent acts are on the rise over the world. Because of this, funding for homeland security has increased, allowing for the purchase of more advanced protection systems and equipment. Both nonlethal and lethal weaponry has increased, making modern conflict more asymmetric. The leading companies in the industry are constantly improving thermal imaging equipment.
Similarly, other applications, such as maritime law enforcement agents, utilize these systems for coastal patrol, port navigation, and rescue missions. The market is likely to expand as these products become more widely used in healthcare, automotive, oil and gas, residential, and industrial applications.
Regional Insights
North America to Expand its Horizon in Terms of Sales as Aerospace and Defense Industry to Flourish
The global market can be split into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa regarding geographical expansion.
The worldwide thermal imaging market is anticipated to expand in North America, which currently holds the largest market share. Rapid economic expansion can be attributed to the increasing value of maintaining stringent safety criteria for engine-accurate thermal performance. The aerospace and military industry is a trend that is anticipated to maintain its momentum over the next few years. The military uses thermal imaging extensively for border patrol and criminal investigations. Advanced technology is urgently needed in the aviation and defense industries, particularly for quality assessment tasks like quality control and fault diagnosis. Thermal imagers can detect issues in the airframe, the wings, and the propellers. Heat flow thermography testing is also performed extensively on aerospace composite materials to identify problems before they escalate.
Growth in Europe is anticipated to continue through the projection horizon. Germany, the United Kingdom, France, Russia, Spain, Italy, and the Rest of Europe are all distinct segments of Europe's thermal imaging market. For thermal imaging, Germany remained Europe's most important market. Factors like the expanding requirement for security and monitoring should drive demand higher over the predicted horizon. The 911 is equipped with cutting-edge technology, such as a thermal imaging sensor, that aids visibility at night and in dim lighting. Government and industry investments in thermal camera R&D are on the rise worldwide, and this technology has many potential applications in various fields.
High demand is anticipated in the Asia-Pacific area due to the expanding market for thermal imaging in the military. The growing prevalence and decreasing cost of smartphones with thermal imaging cameras also contribute to Asia-Pacific demand. This study highlights key regions including China and India, as examples of the Asia Pacific's (APAC) importance as a market for thermal imaging. Thermal imaging technology is one of the most important diagnostic tools in the industrial industry today. Due to its effectiveness in preventing breakdowns before they happen, thermal imaging has been widely used by the Asia-Pacific region's industrial sector.
Thermal Imaging Systems Industry Analysis
Fewer than a dozen large corporations dominate the global thermal imaging business generating the lion's share of income. Major players are trying out new tactics and forming new alliances and mergers, strategic partnerships, contracts, R&D, testing, and market introductions that are more efficient.
Established market leaders, including BAE System, Plc, Thales Group, Leonardo, S.p.A., and FLIR Systems, Inc., are expanding their offerings to better serve the needs of the military. FLIR Systems, Inc. provides a variety of sensing technologies and other safety and security solutions, including high-end intelligence, surveillance, reconnaissance, thermal imaging, and more. The industrial division of the corporation is responsible for the production, research & development of thermal imaging equipment and parts.
Thermal Imaging Systems Market Recent Developments
• In July 2022, the NATO training range in Greece now has access to the most cutting-edge Leonardo air defense radar equipment.
• In May 2022, The U.S. Army will receive thermal imaging equipment from Teledyne FLIR System Inc., Defense. The FWS-I technology will allow soldiers to do infrared imaging in lighting or environmental conditions. The United States Army has contracted Teledyne Technologies' subsidiary Teledyne FLIR Defense to provide state-of-the-art thermal imaging equipment for up to USD 500.2 million.
• In May 2022, Q-LOC Technology Quick Release Mounts were introduced by Trijicon, Inc. Quick-release Trijicon Q-LOC Technology mounts are now available in a wide range of mounting systems to work with virtually any optical platform, as announced by Trijicon Inc., a global developer of revolutionary targeted solutions for the hunting, shooting, military, and law enforcement sectors. The Q-LOC Technology is compatible with thermal optics, riflescopes, and red dots from Trijicon.
Global Thermal Imaging Systems Market Prominent Players
• Leonardo S.p.A (Italy)
• American Technologies Network Corporation (U.S.)
• Dali Technology Co., Ltd. (China)
• Opgal Optronic Industries Ltd (Israel)
• Cantronic Systems, Inc. (Canada)
• Thermoteknix Systems Ltd. (U.K.)
• Seek Thermal, Inc (U.S.)
• Centrify Corporation (U.S.)
• Thales Group (France)
• BAE Systems (U.K.)
• FLIR Systems Inc. (U.S.)
• American Technologies Network Corporation (U.S.)
Frequently Asked Questions (FAQs)
At what rate will the Thermal Imaging Systems Market Expand?
Objective Market Research quotes that the thermal imaging systems market is predicted to grow at a CAGR of 7.9% during the forecast period.
What are the factors driving the global Thermal Imaging Systems Market?
The global thermal imaging systems market is estimated to expand during the forecast period due to the increased adoption of advanced solutions during the pandemic, the integration of thermal cameras for border surveillance, and rising investments by prominent players.
Which segment accounted for the largest Thermal Imaging Systems Market share by Application?
Initial applications of infrared and thermal imaging systems were in the aerospace and military sectors. The defense industry's higher expenditures on monitoring, infrared, and thermal imaging equipment augur well for the technology's eventual widespread adoption.
What region holds the major share in the global market scape?
The global market for thermal imaging is expected to grow in North America, which currently claims the largest market share. The increasing value of sustaining stringent safety standards for engine-accurate thermal efficiency can be attributed to rapid economic growth.
Which are the dominating players in the market during the forecast period?
Some of the major global thermal imaging systems market leaders are Leonardo S.p.A (Italy), American Technologies Network Corporation (U.S.), Dali Technology Co., Ltd. (China), Opgal Optronic Industries Ltd (Israel), Cantronic Systems, Inc. (Canada), and Thermoteknix Systems Ltd. (U.K.), among others.
*Our reports are available on a region/wise and chapter/wise basis as well. For any additional personalization contact our sales representative directly at sales@objectivemarketresearch.com
Table of Content
1. Introduction
1.1 Market Definition
1.2 Objective of the Study
1.3 Market Scope
1.4 Years Considered in the Study
1.4.1 Historic Year: 2019-2021
1.4.2 Base Year: 2022
1.4.3 Forecast Period: 2023-2030
1.5 Currency Used in the Study
1.6 Boundaries for the Study
1.7 Collaborators/Stakeholders/Benefactors
2. Research Methodology
2.1 Research Outline
2.2 Data Collection Methods
2.3 Data Sources
2.3.1 Secondary Sources
2.3.1.1 Paid Sources
2.3.1.2 Unpaid Sources
2.3.2 Primary Sources
2.4 Market Estimation Methodology
2.4.1 Top-Down Approach
2.4.2 Bottom-Up Approach
2.5 Data Triangulation
2.6 Assumptions of the Study
2.7 Limitations of the Study
3. Executive Summary
3.1 Market Outlook
3.2 Analysts Perspective
4. Market Overview
4.1 Market Dynamics
4.1.1 Drivers
4.1.1.1. Technological Advancements
4.1.1.2. Rising Research & Development Activities
4.1.2. Restrain
4.1.2.1. High Manufacturing Costs
4.1.3. Opportunities
4.1.3.1. Rapid Adoption in Healthcare Application
4.1.4. Impact of Market Dynamics
4.2. Impact of COVID-19 pandemic
4.3. Value Chain Analysis
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Threat of Substitution
4.4.4. Threat of New Entrants
4.4.5. Competitive Rivalry
5. Global Thermal Imaging Systems Market Analysis & Forecast, by Type from 2019-2030 (in USD million)
5.1. Handheld
5.2. Fixed/Mounted
6. Global Thermal Imaging Systems Market Analysis & Forecast, by Product from 2019-2030 (in USD million)
6.1. Camera
6.2. Module
6.3. Scopes
7. Global Thermal Imaging Systems Market Analysis & Forecast, by Technology from 2019-2030 (in USD million)
7.1. Cooled
7.2. Uncooled
8. Global Thermal Imaging Systems Market Analysis & Forecast, by Wavelength from 2019-2030 (in USD million)
8.1. Midwave
8.2. Longwave
8.3. Shortwave
9. Global Thermal Imaging Systems Market Analysis & Forecast, by Application from 2019-2030 (in USD million)
9.1. Residential
9.2. Automotive
9.3. Healthcare
9.4. Manufacturing
9.5. Oil & Gas
9.6. Aerospace & Defense
9.7. Others
10. Global Thermal Imaging Systems Market Analysis & Forecast, by Region from 2019-2030 (in USD million)
10.1. North America
10.1.1. North America Thermal Imaging Systems Market Analysis & Forecast, By Country
10.1.1.1. U.S.
10.1.1.2. Canada
10.1.1.3. Mexico
10.1.2. North America Thermal Imaging Systems Market Analysis & Forecast, By Type
10.1.3. North America Thermal Imaging Systems Market Analysis & Forecast, By Product
10.1.4. North America Thermal Imaging Systems Market Analysis & Forecast, By Technology
10.1.5. North America Thermal Imaging Systems Market Analysis & Forecast, By Wavelength
10.1.6. North America Thermal Imaging Systems Market Analysis & Forecast, By Application
10.2. Europe
10.2.1. Europe Thermal Imaging Systems Market Analysis & Forecast, By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe (RoE)
10.2.2. Europe Thermal Imaging Systems Market Analysis & Forecast, By Type
10.2.3. Europe Thermal Imaging Systems Market Analysis & Forecast, By Product
10.2.4. Europe Thermal Imaging Systems Market Analysis & Forecast, By Technology
10.2.5. Europe Thermal Imaging Systems Market Analysis & Forecast, By Wavelength
10.2.6. Europe Thermal Imaging Systems Market Analysis & Forecast, By Application
10.3. Asia-Pacific (APAC)
10.3.1. Asia-Pacific Thermal Imaging Systems Market Analysis & Forecast, By Country
10.3.1.1. Japan
10.3.1.2. China
10.3.1.3. India
10.3.1.4. South Korea
10.3.1.5. Rest of the APAC
10.3.2. Asia-Pacific Thermal Imaging Systems Market Analysis & Forecast, By Type
10.3.3. Asia-Pacific Thermal Imaging Systems Market Analysis & Forecast, By Product
10.3.4. Asia-Pacific Thermal Imaging Systems Market Analysis & Forecast, By Technology
10.3.5. Asia-Pacific Thermal Imaging Systems Market Analysis & Forecast, By Wavelength
10.3.6. Asia-Pacific Thermal Imaging Systems Market Analysis & Forecast, By Application
10.4. Latin America
10.4.1. Latin America Thermal Imaging Systems Market Analysis & Forecast, By Country/Region
10.4.1.1. Argentina
10.4.1.2. Brazil
10.4.1.3. Rest of Latin America
10.4.2. Latin America Thermal Imaging Systems Market Analysis & Forecast, By Type
10.4.3. Latin America Thermal Imaging Systems Market Analysis & Forecast, By Product
10.4.4. Latin America Thermal Imaging Systems Market Analysis & Forecast, By Technology
10.4.5. Latin America Thermal Imaging Systems Market Analysis & Forecast, By Wavelength
10.4.6. Latin America Thermal Imaging Systems Market Analysis & Forecast, By Application
10.5. Middle East & Africa
10.5.1. Middle East & Africa Thermal Imaging Systems Market Analysis & Forecast, By Country/Region
10.5.1.1. South Africa
10.5.1.2. UAE
10.5.1.3. Saudi Arabia
10.5.1.4. Rest of Middle East & Africa
10.5.2. Middle East & Africa Thermal Imaging Systems Market Analysis & Forecast, By Type
10.5.3. Middle East & Africa Thermal Imaging Systems Market Analysis & Forecast, By Product
10.5.4. Middle East & Africa Thermal Imaging Systems Market Analysis & Forecast, By Technology
10.5.5. Middle East & Africa Thermal Imaging Systems Market Analysis & Forecast, By Wavelength
10.5.6. Middle East & Africa Thermal Imaging Systems Market Analysis & Forecast, By Application
11. Competitive Landscape
11.1. Market Share Analysis (2022)
11.2. Market Positioning of Top Players (2022)
11.3. Key Developments & Growth Strategies (2020-2022)
11.3.1. Product Launches
11.3.2. Merges, Collaborations & Agreements
11.3.3. Expansion
11.4. SWOT Analysis
12. Company Profiles (Business Overview, Products Offered, Financial Details*, Recent Developments)
12.1. Leonardo S.p.A (Italy)
12.1.1. Company Snapshot
12.1.2. Business Overview
12.1.3. Financial Data
12.1.4. Key Products Offered
12.1.5. Recent Developments
12.2. American Technologies Network Corporation (U.S.)
12.3. Dali Technology Co., Ltd. (China)
12.4. Opgal Optronic Industries Ltd (Israel)
12.5. Cantronic Systems, Inc. (Canada)
12.6. Thermoteknix Systems Ltd. (U.K.)
12.7. Seek Thermal, Inc (U.S.)
12.8. Centrify Corporation (U.S.)
12.9. Thales Group (France)
12.10. BAE Systems (U.K.)
12.11. FLIR Systems Inc. (U.S.)
12.12. American Technologies Network Corporation (U.S.)
12.13. Others
13. Appendix
13.1. Currency Exchange Rate to USD
13.2. Abbreviations
* Financial details captured might be subjected to information available and not be given for privately-held companies or for companies that do not report it in the public domain