The India Thermal Imaging Market is Projected to Grow at a CAGR of 15% During 2019 to 2025
Government initiatives such as "Make in India" has resulted in rising production of several defense and industrial equipment in the country over the last few years. In addition, growing partnerships and surging Foreign Direct Investment (FDI) in Defense vertical have propelled the demand for thermal imaging systems in India. Moreover, India is also registering rapid adoption of next-generation technologies in both industrial and commercial markets. Thermal imaging is an emerging technology in the Indian market is witnessing potential deployments in various areas including surveillance, security, firefighting, and non-destructive testing & measurement.
According to this research, the India thermal imaging market is projected to grow at a CAGR of 15% from 2019 to 2025. At present, India thermal imaging market is dominated by the defense vertical, however, the industrial vertical is also expected to capture lion's share of the market in the future. Further, uncooled hand-held thermal imaging devices accounted for the majority of the market demand, however, on the other hand, cooling technology is expected to dominate the India thermal imaging market forecast revenues over the coming years.
Amongst all the applications, surveillance application acquired the largest market share owing to deployment of thermal imaging devices and systems for border security, air & ground-based surveillance and military application. Over the next six years, industrial and commercial verticals are forecast to grow at a relatively higher CAGR during the forecast period attributed to increasing consumer awareness for testing and detection applications.
The report thoroughly covers the market by technology, form factor, applications, verticals, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Historical Data of India Thermal Imaging Systems Market Revenues for the Period 2015-2018
- India Thermal Imaging Market Size & India Thermal Imaging Market Forecast of Revenues, Until 2025
- Historical Data of India Thermal Imaging Systems Market Revenues, by Technology, for the Period 2015-2018
- Market Size & Forecast of India Thermal Imaging Systems Market Revenues, by Technology, until 2025
- Historical Data of India Thermal Imaging Systems Market Revenues, by Vertical, for the Period 2015-2018
- Market Size & Forecast of India Thermal Imaging Systems Market Revenues, by Vertical, until 2025
- Historical Data of India Thermal Imaging Systems Market Revenues, by Applications, for the Period 2015-2018
- Market Size & Forecast of India Thermal Imaging Systems Market Revenues, by Applications, until 2025
- Historical Data of India Thermal Imaging Systems Market Revenues, by Regions, for the Period 2015-2018
- Market Size & Forecast of India Thermal Imaging System Market Revenues, by Regions, until 2025
- Historical Data of India Thermal Imaging Systems Market Revenues, by Form Factor, for the Period 2015-2018
- Market Size & Forecast of India Thermal Imaging Systems Market Revenues, by Form Factor, until 2025
- Market Drivers and Restraints
- Market Trends and Industry Life Cycle
- Porter's Five Force Analysis
- Market Opportunity Assessment
- Market Share, By Players
- Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered:
The report provides a detailed analysis of the following market segments:
By Technology:
- Cooled
- Uncooled
By Form Factor:
- Handheld
- Fixed Mount
- Rotary
- Non-Rotary
By Applications:
- Security and Surveillance
- Testing and Detection
- Firefighting
- Others
By Verticals:
- Defense/ Military
- Industrial
- Commercial
By Regions:
- Eastern
- Western
- Northern
- Southern
Table of Contents
1 Executive Summary
Samples
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Companies Mentioned
- Alpha Design Technologies Pvt Ltd.
- Bharat Electronics Limited
- Elbit Systems of India Private Limited
- FLIR Systems
- Fluke Technologies Private Limited
- MKU Holdings Private Limited
- Seek Thermal Inc.
- TAK Technologies Private Limited
- Tata Advanced Systems Limited
- Testo India Private Limited
- TONBO Imaging India Private Limited
