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Thermal Imaging Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5741595
The thermal imaging market size has grown rapidly in recent years. It will grow from $6.89 billion in 2023 to $7.62 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth observed in the historic period can be primarily attributed to several factors including increased usage in military and defense applications, industrial inspections, building and infrastructure inspections, utilization in law enforcement and public safety sectors, as well as advancements in medical diagnosis. These diverse applications played a significant role in driving the growth witnessed during that time frame.

The thermal imaging market size is expected to see rapid growth in the next few years. It will grow to $11.81 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The anticipated growth in the forecast period is expected to stem from various factors, including increased demands in surveillance and security requirements, ongoing infrastructure development, utilization in firefighting and emergency response scenarios, health screening applications, and advancements in automotive safety measures leveraging thermal imaging technologies.

Growth in the thermal imaging market is propelled by increased government spending in aerospace and defense. Thermal imaging technology serves critical surveillance needs in these sectors. In 2020-21, the Ministry of Defence in a national budget allocation received a substantial $62.76 billion (Rs 4,71,378 crore), representing 15.5% of the central government's budget. This substantial investment fuels the demand for thermal imaging technology.

The thermal imaging market anticipates growth driven by escalating demand from the automotive industry. In this sector, thermal imaging aids in diagnosing vehicle issues by detecting heat anomalies in components, facilitating maintenance. For example, global vehicle production reached 85.4 million units in 2022, up by 5.7% from the previous year, as reported by the European Automobile Manufacturers' Association (ACEA), emphasizing the automotive industry's impact on driving the thermal imaging market.

Technological progression stands as a prominent trend influencing the thermal imaging market. Leading companies in this sector concentrate on pioneering technological solutions to fortify their market presence. InfiRay, a China-based technology firm, introduced an array of thermal imaging innovations in July 2023. These advancements encompass infrared detectors, thermal camera modules, night vision cameras, and thermographic cameras for temperature measurement. Their patented dual FOV objective lens offers versatile wide and narrow field of view options, delivering unparalleled image quality alongside user-friendly features, HD display, extended battery life, durable housing, and ample internal memory.

Major players in the thermal imaging market concentrate on pioneering products such as the thermal imaging camera to cater to customer needs reliably. A thermal imaging camera, leveraging infrared technology, captures images based on emitted heat from objects, transcending visible light limitations. Seek Thermal's FirePRO 300 launch in April 2023 exemplifies this trend. This camera introduces Seek Thermal's unique Mixed Gain mode, enabling firefighters to perceive extreme heat and cold simultaneously in one image, enhancing detail visibility and providing superior situational awareness.

In May 2021 witnessed Teledyne Technologies Incorporated, a US-based technology provider, finalizing the acquisition of FLIR Systems Inc. for $8.2 billion. FLIR, renowned for its thermal imaging infrared camera designs, now operates as Teledyne FLIR under Teledyne's Digital Imaging division. This strategic acquisition expands Teledyne FLIR's scope, encompassing a wide array of unmanned systems and imaging payloads, spanning applications from deep-sea ventures to space exploration.

Major companies operating in the thermal imaging market report are United Technologies Corporation, RTX Corporation, Canon Inc., BAE Systems PLC, L3HARRIS Technologies Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Zhejiang ULIRvision Technology Co. Ltd., Leonardo S.p.A., Teledyne Technologies Incorporated, Sofradir SAS, FLIR Systems Inc., Axis Communications AB, Fluke Corporation, Jenoptik AG, Testo SE & Co. KGaA, Wuhan Guide Sensmart Tech Co. Ltd., Guide Infrared Co. Ltd., Vertex Aerospace LLC, Nippon Avionics Co. Ltd., Thermoteknix Systems Ltd., InfraTec Infrared LLC, Xenics NV, Opgal Optronic Industries Ltd., Cantronic Systems Inc., Tonbo Imaging Pvt. Ltd., MoviTHERM, New Imaging Technologies, Seek Thermal Inc., Argus Thermal Imaging Cameras.

North America was the largest region in the thermal imaging market in 2023. The regions covered in the thermal imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the thermal imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

In the realm of thermal imaging, key products include thermal cameras, thermal scopes, and thermal modules. Thermal imaging cameras function by converting thermal energy into visible light, facilitating analysis of specific objects or scenes. These cameras utilize diverse technologies such as cooled and uncooled systems, employing wavelengths such as shortwave infrared, mid-wave infrared, and long-wave infrared. Their applications span across thermography, surveillance, personal vision systems, firefighting, ruggedized smartphones, and various other uses. These technologies find utility in sectors such as aerospace and defense, law enforcement, healthcare, automotive, oil and gas, residential purposes, manufacturing, and beyond.

The thermal imaging market research report is one of a series of new reports that provides thermal imaging market statistics, including thermal imaging industry global market size, regional shares, competitors with a thermal imaging market share, detailed thermal imaging market segments, market trends and opportunities, and any further data you may need to thrive in the thermal imaging industry. This thermal imaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The thermal imaging market consists of revenues earned by entities by providing thermal imaging services such as gathering and analysis of thermal radiation, infrared thermal imaging services, detect radiation. The market value includes the value of related goods sold by the service provider or included within the service offering. The thermal imaging market also includes sales of computers, infrared thermal camera, thermometers which are used in providing thermal imaging services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Thermal Imaging Market Characteristics3. Thermal Imaging Market Trends and Strategies
4. Thermal Imaging Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Thermal Imaging Market Size and Growth
5.1. Global Thermal Imaging Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Thermal Imaging Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Thermal Imaging Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Thermal Imaging Market Segmentation
6.1. Global Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Thermal Cameras
  • Thermal Scopes
  • Thermal Modules
6.2. Global Thermal Imaging Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Cooled
  • Uncooled
6.3. Global Thermal Imaging Market, Segmentation by Wavelength, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Shortwave Infrared
  • Mid Wave Infrared
  • Long Wave Infrared
6.4. Global Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Thermography
  • Surveillance
  • Personal Vision Systems?
  • Fire Fighting?
  • Smartphones (Ruggedized)
  • Other Applications
6.5. Global Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Aerospace and Defense
  • Law enforcement
  • Healthcare
  • Automotive
  • Oil and Gas
  • Residential
  • Manufacturing
  • Other Verticals
7. Thermal Imaging Market Regional and Country Analysis
7.1. Global Thermal Imaging Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Thermal Imaging Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Thermal Imaging Market
8.1. Asia-Pacific Thermal Imaging Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Thermal Imaging Market
9.1. China Thermal Imaging Market Overview
9.2. China Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Thermal Imaging Market
10.1. India Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Thermal Imaging Market
11.1. Japan Thermal Imaging Market Overview
11.2. Japan Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Thermal Imaging Market
12.1. Australia Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Thermal Imaging Market
13.1. Indonesia Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Thermal Imaging Market
14.1. South Korea Thermal Imaging Market Overview
14.2. South Korea Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Thermal Imaging Market
15.1. Western Europe Thermal Imaging Market Overview
15.2. Western Europe Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Thermal Imaging Market
16.1. UK Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Thermal Imaging Market
17.1. Germany Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Thermal Imaging Market
18.1. France Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Thermal Imaging Market
19.1. Italy Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Thermal Imaging Market
20.1. Spain Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Thermal Imaging Market
21.1. Eastern Europe Thermal Imaging Market Overview
21.2. Eastern Europe Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Thermal Imaging Market
22.1. Russia Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Thermal Imaging Market
23.1. North America Thermal Imaging Market Overview
23.2. North America Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Thermal Imaging Market
24.1. USA Thermal Imaging Market Overview
24.2. USA Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Thermal Imaging Market
25.1. Canada Thermal Imaging Market Overview
25.2. Canada Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Thermal Imaging Market
26.1. South America Thermal Imaging Market Overview
26.2. South America Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Thermal Imaging Market
27.1. Brazil Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Thermal Imaging Market
28.1. Middle East Thermal Imaging Market Overview
28.2. Middle East Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Thermal Imaging Market
29.1. Africa Thermal Imaging Market Overview
29.2. Africa Thermal Imaging Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Thermal Imaging Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Thermal Imaging Market, Segmentation by Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Thermal Imaging Market Competitive Landscape and Company Profiles
30.1. Thermal Imaging Market Competitive Landscape
30.2. Thermal Imaging Market Company Profiles
30.2.1. United Technologies Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. RTX Corporation
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Canon Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. BAE Systems plc
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. L3HARRIS Technologies Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Thermal Imaging Market Other Major and Innovative Companies
31.1. Hangzhou Hikvision Digital Technology Co. Ltd.
31.2. Zhejiang ULIRvision Technology Co. Ltd.
31.3. Leonardo S.p.A.
31.4. Teledyne Technologies Incorporated
31.5. Sofradir SAS
31.6. FLIR Systems Inc.
31.7. Axis Communications AB
31.8. Fluke Corporation
31.9. Jenoptik AG
31.10. Testo SE & Co. KGaA
31.11. Wuhan Guide Sensmart Tech Co. Ltd.
31.12. Guide Infrared Co. Ltd.
31.13. Vertex Aerospace LLC
31.14. Nippon Avionics Co. Ltd.
31.15. Thermoteknix Systems Ltd.
32. Global Thermal Imaging Market Competitive Benchmarking33. Global Thermal Imaging Market Competitive Dashboard34. Key Mergers and Acquisitions in the Thermal Imaging Market
35. Thermal Imaging Market Future Outlook and Potential Analysis
35.1 Thermal Imaging Market in 2028 - Countries Offering Most New Opportunities
35.2 Thermal Imaging Market in 2028 - Segments Offering Most New Opportunities
35.3 Thermal Imaging Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Thermal Imaging Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on thermal imaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for thermal imaging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Thermal Cameras; Thermal Scopes; Thermal Modules
2) By Technology: Cooled; Uncooled
3) By Wavelength: Shortwave Infrared; Mid Wave Infrared; Long Wave Infrared
4) By Application: Thermography; Surveillance; Personal Vision Systems​; Fire Fighting​; Smartphones (Ruggedized); Other Applications
5) By Vertical: Aerospace and Defense; Law enforcement; Healthcare; Automotive; Oil and Gas; Residential; Manufacturing; Other Verticals

Key Companies Mentioned: United Technologies Corporation; RTX Corporation; Canon Inc.; BAE Systems plc; L3HARRIS Technologies Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • United Technologies Corporation
  • RTX Corporation
  • Canon Inc.
  • BAE Systems plc
  • L3HARRIS Technologies Inc.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Zhejiang ULIRvision Technology Co. Ltd.
  • Leonardo S.p.A.
  • Teledyne Technologies Incorporated
  • Sofradir SAS
  • FLIR Systems Inc.
  • Axis Communications AB
  • Fluke Corporation
  • Jenoptik AG
  • Testo SE & Co. KGaA
  • Wuhan Guide Sensmart Tech Co. Ltd.
  • Guide Infrared Co. Ltd.
  • Vertex Aerospace LLC
  • Nippon Avionics Co. Ltd.
  • Thermoteknix Systems Ltd.
  • InfraTec Infrared LLC
  • Xenics NV
  • Opgal Optronic Industries Ltd.
  • Cantronic Systems Inc.
  • Tonbo Imaging Pvt. Ltd.
  • MoviTHERM
  • New Imaging Technologies
  • Seek Thermal Inc.
  • Argus Thermal Imaging Cameras

Methodology

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