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

  • ID: 4538910
  • Report
  • Region: Global
  • 141 Pages
  • Markets and Markets
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FEATURED COMPANIES

  • Allied Vision
  • Calumino
  • Dali Technology
  • Ircamera LLC
  • Seek Thermal
  • Thermoteknix Systems
  • MORE

"Global thermal imaging market to grow at a CAGR of 6.73% between 2018 and 2023"

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.

"Market for monitoring and inspection application to witness significant growth between 2018 and 2023"

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.

"Market for healthcare & life sciences vertical to grow at highest CAGR during forecast period"

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.

"Market in APAC to witness considerable growth during forecast period"

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.

Breakup of profiles of primary participants:

  • By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
  • By Designation: C-Level Executives - 50%, Directors - 32%, and Others - 18%
  • By Region: North America - 32%, Europe - 30%, APAC -24%, and RoW - 14%

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).

Research Coverage

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.

Reasons to Buy This Report

The report would help leaders/new entrants in this market in the following ways:

1. This report segments the thermal imaging market comprehensively and provides the closest market size estimation for subsegments across regions.

2. The report would help stakeholders understand the pulse of the market and provide them information on key drivers, restraints, challenges, and opportunities pertaining to the market.

3. This report would help stakeholders understand their competitors better and gain insights to improve their position in the business. The competitive landscape section includes the competitor ecosystem, product launches, acquisitions, partnerships, expansions, agreements, and collaborations.

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Allied Vision
  • Calumino
  • Dali Technology
  • Ircamera LLC
  • Seek Thermal
  • Thermoteknix Systems
  • MORE

1 Introduction
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for This Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
                    2.1.3.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in Thermal Imaging Market
    4.2 Thermal Imaging Market, By Type (2017-2023)
    4.3 Thermal Imaging Market, By Application and Country (2017-2023)
    4.4 Thermal Imaging Market, By Vertical (2017-2023)
    4.5 Thermal Imaging Market, By Region (2018-2023)

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Reduction in Price of Thermal Imaging Products
                    5.2.1.2 Increasing Adoption of Thermal Imaging in Perimeter Security
                    5.2.1.3 Penetration in Machine Vision-Based Applications
           5.2.2 Restraints
                    5.2.2.1 Export Restrictions
                    5.2.2.2 Longwave Infrared Cameras Require Additional Cameras for Better Detailing
           5.2.3 Opportunities
                    5.2.3.1 Thermal Imaging Technology in ADAS
                    5.2.3.2 Miniaturization of Camera Cores to Penetrate New Application Areas
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness About Benefits of Thermographic Inspection

6 Thermal Imaging Market, By Type
    6.1 Introduction
    6.2 Cameras
    6.3 Scopes
    6.4 Modules

7 Thermal Imaging Market, By Application
    7.1 Introduction
    7.2 Security & Surveillance
           7.2.1 Perimeter Security
           7.2.2 Unmanned Aerial Vehicle (UAV)
           7.2.3 Tracking
    7.3 Monitoring & Inspection
           7.3.1 Machine Condition Monitoring
           7.3.2 Structural Health Monitoring
           7.3.3 Quality Assessment
           7.3.4 HVAC
    7.4 Detection
           7.4.1 Gas Detection
           7.4.2 Fire/Flare Detection
           7.4.3 Body Temperature Measurement
           7.4.4 Level Measurement
           7.4.5 Research & Development

8 Thermal Imaging Market, By Vertical
    8.1 Introduction
    8.2 Industrial
    8.3 Commercial
    8.4 Residential
    8.5 Aerospace & Defense
    8.6 Automotive
    8.7 Healthcare & Life Sciences
    8.8 Oil & Gas
    8.9 Food & Beverages

9 Geographic Analysis
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 UK
           9.3.2 Germany
           9.3.3 France
           9.3.4 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 Rest of APAC
    9.5 Rest of the World
           9.5.1 Middle East and Africa
           9.5.2 South America

10 Competitive Landscape
     10.1 Introduction
     10.2 Market Ranking Analysis (2017)
     10.3 Competitive Scenario
             10.3.1 Product Launches (2015-2017)
             10.3.2 Acquisitions (2015-2017)
             10.3.3 Partnerships & Collaborations (2015-2017)
             10.3.4 Contracts & Agreements (2015-2017)

11 Company Profiles
     11.1 Key Players
(Business Overview, Products Offered, Recent Developments, View, SWOT Analysis)*
             11.1.1 Flir Systems
             11.1.2 Fortive Corporation
             11.1.3 United Technologies
             11.1.4 Leonardo
             11.1.5 L3 Technologies
             11.1.6 Axis Communications
             11.1.7 Bae Systems
             11.1.8 Testo SE
             11.1.9 Xenics
             11.1.10 Sofradir
*Business Overview, Products Offered, Recent Developments, View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     11.2 Other Key Players
             11.2.1 Seek Thermal
             11.2.2 Thermoteknix Systems
             11.2.3 Allied Vision
             11.2.4 Opgal Optronic Industries Limited
             11.2.5 Dali Technology
     11.3 Key Start-UPS
             11.3.1 COX
             11.3.2 C-Thermal
             11.3.3 Calumino
             11.3.4 Tonbo
             11.3.5 Ircamera LLC

List of Tables
Table 1 Thermal Imaging Market, By Type, 2015-2023 (USD Million)
Table 2 Thermal Imaging Market, By Application, 2015-2023 (USD Million)
Table 3 Thermal Imaging Market for Security & Surveillance, By Sub-Application, 2015-2023 (USD Million)
Table 4 Thermal Imaging Market for Security & Surveillance, By Region, 2015-2023 (USD Million)
Table 5 Thermal Imaging Market for Security & Surveillance, By Vertical, 2015-2023 (USD Million)
Table 6 Thermal Imaging Market for Perimeter Security, By Region, 2015-2023 (USD Million)
Table 7 Thermal Imaging Market for Perimeter Security, By Vertical, 2015-2023 (USD Million)
Table 8 Thermal Imaging Market for Unmanned Aerial Vehicle, By Region, 2015-2023 (USD Million)
Table 9 Thermal Imaging Market for Unmanned Aerial Vehicle, By Vertical, 2015-2023 (USD Million)
Table 10 Thermal Imaging Market for Tracking, By Region, 2015-2023 (USD Million)
Table 11 Thermal Imaging Market for Tracking, By Vertical, 2015-2023 (USD Million)
Table 12 Thermal Imaging Market for Monitoring & Inspection, By Sub-Application, 2015-2023 (USD Million)
Table 13 Thermal Imaging Market for Monitoring & Inspection, By Region, 2015-2023 (USD Million)
Table 14 Thermal Imaging Market for Monitoring & Inspection, By Vertical, 2015-2023 (USD Million)
Table 15 Thermal Imaging Market for Machine Condition Monitoring, By Region, 2015-2023 (USD Million)
Table 16 Thermal Imaging Market for Machine Condition Monitoring, By Vertical, 2015-2023 (USD Million)
Table 17 Thermal Imaging Market for Structural Health Monitoring, By Region, 2015-2023 (USD Million)
Table 18 Thermal Imaging Market for Structural Health Monitoring, By Vertical, 2015-2023 (USD Million)
Table 19 Thermal Imaging Market for Quality Assessment, By Region, 2015-2023 (USD Million)
Table 20 Thermal Imaging Market for Quality Assessment, By Vertical, 2015-2023 (USD Million)
Table 21 Thermal Imaging Market for HVAC, By Region, 2015-2023 (USD Million)
Table 22 Thermal Imaging Market for HVAC, By Vertical, 2015-2023 (USD Million)
Table 23 Thermal Imaging Market for Detection, By Sub Application, 2015-2023 (USD Million)
Table 24 Thermal Imaging Market for Detection, By Region, 2015-2023 (USD Million)
Table 25 Thermal Imaging Market for Detection, By Vertical, 2015-2023 (USD Million)
Table 26 Thermal Imaging Market for Gas Detection, By Region, 2015-2023 (USD Million)
Table 27 Thermal Imaging Market for Gas Detection, By Vertical, 2015-2023 (USD Million)
Table 28 Thermal Imaging Market for Fire/Flare Detection, By Region, 2015-2023 (USD Million)
Table 29 Thermal Imaging Market for Fire/Flare Detection, By Vertical, 2015-2023 (USD Million)
Table 30 Thermal Imaging Market for Body Temperature Measurement, By Region, 2015-2023 (USD Million)
Table 31 Thermal Imaging Market for Body Temperature Measurement, By Vertical, 2015-2023 (USD Million)
Table 32 Thermal Imaging Market for Level Measurement, By Region, 2015-2023 (USD Million)
Table 33 Thermal Imaging Market for Level Measurement, By Vertical, 2015-2023 (USD Million)
Table 34 Thermal Imaging Market for Research & Development, By Region, 2015-2023 (USD Million)
Table 35 Thermal Imaging Market for Research & Development, By Vertical, 2015-2023 (USD Million)
Table 36 Thermal Imaging Market, By Vertical, 2015-2023 (USD Million)
Table 37 Industrial Thermal Imaging Market, By Application, 2015-2023 (USD Million)
Table 38 Industrial Thermal Imaging Market for Security & Surveillance, By Sub-Application, 2015-2023 (USD Million)
Table 39 Industrial Thermal Imaging Market for Monitoring & Inspection, By Sub-Application, 2015-2023 (USD Million)
Table 40 Industrial Thermal Imaging Market for Detection, By Sub-Application, 2015-2023 (USD Million)
Table 41 Commercial Thermal Imaging Market, By Application, 2015-2023 (USD Million)
Table 42 Commercial Thermal Imaging Market for Security & Surveillance, By Sub-Application, 2015-2023 (USD Million)
Table 43 Commercial Thermal Imaging Market for Monitoring & Inspection, By Sub-Application, 2015-2023 (USD Million)
Table 44 Commercial Thermal Imaging Market for Detection, By Sub-Application, 2015-2023 (USD Million)
Table 45 Residential Thermal Imaging Market, By Application, 2015-2023 (USD Million)
Table 46 Residential Thermal Imaging Market for Monitoring & Inspection, By Sub-Application, 2015-2023 (USD Million)
Table 47 Aerospace & Defense Thermal Imaging Market, By Application, 2015-2023 (USD Million)
Table 48 Aerospace & Defense Thermal Imaging Market for Security & Surveillance, By Sub-Application, 2015-2023 (USD Million)
Table 49 Aerospace & Defense Thermal Imaging Market for Monitoring & Inspection, By Sub-Application, 2015-2023 (USD Million)
Table 50 Aerospace & Defense Thermal Imaging Market for Detection, By Sub-Application, 2015-2023 (USD Million)
Table 51 Automotive Thermal Imaging Market, By Application, 2015-2023 (USD Million)
Table 52 Healthcare & Life Sciences Thermal Imaging Market, By Application, 2015-2023 (USD Million)
Table 53 Healthcare & Life Sciences Thermal Imaging Market for Detection, By Sub-Application, 2015-2023 (USD Million)
Table 54 Oil & Gas Thermal Imaging Market, By Application, 2015-2023 (USD Million)
Table 55 Oil & Gas Thermal Imaging Market for Detection, By Sub-Application, 2015-2023 (USD Million)
Table 56 Food & Beverages Thermal Imaging Market, By Application, 2015-2023 (USD Million)
Table 57 Food & Beverages Thermal Imaging Market for Monitoring & Inspection, By Sub-Application, 2015-2023 (USD Million)
Table 58 Food & Beverages Thermal Imaging Market for Detection, By Sub-Application, 2015-2023 (USD Million)
Table 59 Thermal Imaging Market, By Region, 2015-2023 (USD Million)
Table 60 Thermal Imaging Market in North America, By Application, 2015-2023 (USD Million)
Table 61 Thermal Imaging Market in North America, By Country, 2015-2023 (USD Million)
Table 62 Thermal Imaging Market in Europe, By Application, 2015-2023 (USD Million)
Table 63 Thermal Imaging Market in Europe, By Country, 2015-2023 (USD Million)
Table 64 Thermal Imaging Market in APAC, By Application, 2015-2023 (USD Million)
Table 65 Thermal Imaging Market in APAC, By Country, 2015-2023 (USD Million)
Table 66 Thermal Imaging Market in RoW, By Application, 2015-2023 (USD Million)
Table 67 Thermal Imaging Market in RoW, By Region, 2015-2023 (USD Million)

List of Figures
Figure 1 Thermal Imaging Market Segmentation
Figure 2 Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Thermal Imaging Market for Modules to Grow at Highest CAGR During Forecast Period
Figure 7 Security & Surveillance Held Largest Size of Thermal Imaging Market in 2017
Figure 8 Thermal Imaging Market for Healthcare & Life Sciences to Grow at Highest CAGR During Forecast Period
Figure 9 North America Held Largest Market Share in 2017
Figure 10 Growing Adoption of Thermal Imaging Cameras Drives Thermal Imaging Market Growth
Figure 11 Thermal Cameras Expected to Hold Largest Market Size By 2023
Figure 12 Security & Surveillance to Hold Largest Share of Thermal Imaging Market in North America By 2017
Figure 13 Aerospace & Defense to Hold Largest Size of Thermal Imaging Market By 2023
Figure 14 Thermal Imaging Market in APAC to Grow at Highest CAGR During 2018-2023
Figure 15 Adoption of Thermal Imaging Technology in ADAS Fueling Market Growth
Figure 16 Thermal Imaging Market, By Type
Figure 17 Thermal Imaging Market, By Application
Figure 18 Security & Surveillance Held Largest Market Size in 2017
Figure 19 Thermal Imaging Market for Perimeter Security in APAC to Grow at Highest During Forecast Period
Figure 20 Industrial Vertical Held Largest Size of Thermal Imaging Market for Monitoring & Inspection in 2017
Figure 21 North America Held Largest Size of Thermal Imaging Market for Quality Assessment in 2017
Figure 22 Market for Healthcare & Life Sciences to Grow at Highest CAGR During Forecast Period
Figure 23 North America Held Largest Size of Thermal Imaging Market for Body Temperature Measurement in 2017
Figure 24 Thermal Imaging Market, By Vertical
Figure 25 Industrial Vertical to Hold Largest Size of Thermal Imaging Market By 2023
Figure 26 Industrial Thermal Imaging Market for Quality Assessment to Grow at Highest CAGR Between 2018 and 2013
Figure 27 Security & Surveillance Held Largest Size of Commercial Thermal Imaging Market in 2017
Figure 28 Security & Surveillance Held Largest Size of Automotive Thermal Imaging Market in 2017
Figure 29 Security & Surveillance Held Largest Size of Oil & Gas Thermal Imaging Market in 2017
Figure 30 Thermal Imaging Market, By Geography
Figure 31 Thermal Imaging Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 32 North America: Thermal Imaging Market Snapshot
Figure 33 Europe: Thermal Imaging Market Snapshot
Figure 34 Organic and Inorganic Strategies Adopted By Companies in Thermal Imaging Market
Figure 35 Flir Systems: Company Snapshot
Figure 36 Fortive: Company Snapshot
Figure 37 United Technologies: Company Snapshot
Figure 38 Leonardo: Company Snapshot
Figure 39 L3 Technologies: Company Snapshot
Figure 40 Axis Communications: Company Snapshot
Figure 41 BAE Systems: Company Snapshot

Note: Product cover images may vary from those shown
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  • Allied Vision
  • Axis Communications
  • Bae Systems
  • C-Thermal
  • COX
  • Calumino
  • Dali Technology
  • Flir Systems
  • Fortive Corporation
  • Ircamera LLC
  • L3 Technologies
  • Leonardo
  • Opgal Optronic Industries Limited
  • Seek Thermal
  • Sofradir
  • Testo SE
  • Thermoteknix Systems
  • Tonbo
  • United Technologies
  • Xenics
Note: Product cover images may vary from those shown
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