Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
According to the research report “Thermal Imaging Market by Technology (Uncooled, Cooled), Wavelength (LWIR, SWIR), Product (Cameras, Modules), Application (Security & Surveillance, Monitoring & Inspection), Vertical (Aerospace & Defense, Healthcare), Region – Global Forecast to 2025”, published by MarketsandMarkets™, the global Thermal Imaging Market is estimated to grow from USD 3.4 billion in 2020 to USD 4.6 billion by 2025; at a CAGR of 6.2%. Increasing government expenditure on the aerospace & defense sector is one of the factors fueling the growth of this market.
Ask for PDF Brochure:
Market for uncooled technology-based thermal products accounted for larger share of thermal imaging market in 2019
The market for uncooled thermal products accounted for a larger share of the thermal imaging market in 2019. The growth of this market is attributed to the increasing demand for uncooled thermal solutions for commercial applications. Furthermore, the availability of HD resolution makes uncooled thermal solutions an ideal solution for high-resolution applications, such as military security and surveillance, perimeter protection, industrial detection, and automotive diagnostic. Moreover, they offer long-time services due to the presence of less moving parts.
Market for SWIR thermal products expected to grow at highest CAGR during forecast period
The SWIR segment is projected to lead the thermal imaging market with the highest CAGR of 8.9% from 2020 to 2025. The growth is expected due to several advantages offered by SWIR, such as the ability to see through a glass, availability in small size, and ability to see the covert laser. Moreover, as the technological advancements and efforts to launch new low-priced SWIR cameras, is likely to increase the penetration of SWIR cameras.
Market for thermal modules is expected to grow at highest CAGR during forecast period
Thermal modules are estimated to grow at the highest CAGR during the forecast period. The growth is estimated owing to their compact size, low cost, and flexibility to integrate with other devices such as drones, smartphones, and wearables, enabling them to penetrate in new application areas. Leonardo S.p.A. (Rome, Italy), and Leonardo DRS (US), BAE Systems (UK), and Xenics (Belgium) are the major manufacturer and supplier of thermal modules.
Security and surveillance application accounted for largest share of thermal imaging market in 2019
The security and surveillance application held the largest share of the thermal imaging market in 2019. The growth is attributed to the increasing government expenditure in the military sector. According to the Stockholm International Peace Research Institute (SIPRI), in 2018, the global military expenditure was USD 1,822 billion, which was increased by 2.6% compared to 2017. This increase is mainly carried out to procure advance protective systems and gadgets, which enables the soldiers to safeguard country borders from illegal human or animal activities.
Browse in-depth TOC on “Thermal Imaging Market“
121 – Tables
54 – Figures
188 – Pages
Inquiry Before Buying:
Market for healthcare and life sciences vertical is expected to grow at highest CAGR during forecast period
The healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. The growth is attributed to increasing usage of thermography for detection of internal injuries without affecting the human body. This technique is also useful in monitoring wildlife health, which helps to cure and protect them from illness.
APAC is expected to grow at highest CAGR during forecast period
APAC is expected to grow at the highest CAGR during forecast period. The growth of the thermal imaging market in APAC is attributed to the presence of regional vendors in China and India, offering low-cost solutions, which in turn causes a decline in prices of thermal imaging products. Additionally, the increase in mass production of the thermal camera in China supports the growth of the market along with the presence of a number of OEMs as well as thermal imaging product manufacturers.
FLIR Systems, Inc. (Oregon, US), Fluke Corporation (Washington, US), Leonardo S.p.A. (Rome, Italy), L3HARRIS TECHNOLOGIES, INC. (Florida, US), and United Technologies (Connecticut, US) are the key players in the thermal imaging market. These players are increasingly undertaking strategies such as product launches & developments, expansions, partnerships, agreements, contracts, and mergers & acquisitions to increase their market share.
Please Explore Relevant Reports:
Infrared Detector Market by Type (MCT, InGaAs, Pyroelectric, Thermopile, Microbolometer, and Others), Technology (Cooled and Uncooled), Wavelength (NIR & SWIR, MWIR, and LWIR), Application, Vertical, and Geography – Global Forecast to 2025
Shortwave Infrared (SWIR) Market by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Application (Security & Surveillance, Monitoring & Inspection, and Detection), Vertical, and Geography – Global Forecast to 2024
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
In Situ Hybridization Market worth $1.3 billion by 2025 – Size, Industry Trends, Key Players and Forecast
Advanced Tires Market Size, Share and Market Forecast to 2030 | MarketsandMarkets
COVID-19 Impact on Automotive In-Cabin Air Quality Improvement Solutions Market
Best Data Acquisition Systems In 2021 – Latest Quadrant Ranking Released by 360Quadrants
Energy-Efficient Window Market by Component, Application, End-Use Sector, Glazing Type, Region – Global Forecast to 2026