Global Thermal Imaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global thermal imaging market in its upcoming report titled, “Global Thermal Imaging Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global thermal imaging market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global thermal imaging market report has been segmented on the basis of application, industry verticals, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Thermal imaging is a technique used to improve visibility of objects in a dark environment by using the objects infrared radiation so as to create an image using that information. All objects emit heat signature; a thermal camera is capable of detecting such thermal radiations or heat signatures. The device then collects the thermal radiation from objects so as to create an electronic image based on information based on the temperature difference.

Increasing demand in security and surveillance applications across the globe is a major factor driving growth of the global thermal imaging market. In addition, rapid urbanization coupled with increasing spending on security systems in residential sector is another factor further propelling growth of the global market. Moreover, increasing adoption from various sectors such as automotive and food and packaging is another factor fueling growth of the global market.

High cost of thermal imaging devices is a major factor hampering growth thermal imaging market. In addition, export restriction is another factor restraining growth of the global market to a significant extent. Increasing demand for thermal imaging devices from commercial sector is expected to further drive growth of the global market to a significant extent over the forecast period.

The North America market accounts for highest share in the global thermal imaging market in terms of revenue and is expected to maintain its dominance over the forecast period. Presence of major manufacturers is a major factor driving growth of the North America thermal imaging market. The Europe market accounts for significant share in terms of revenue in the global market. The Europe thermal imaging market is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period. The Asia Pacific thermal imaging market is expected to witness highest growth in terms of revenue in the global market and is projected to register a CAGR of XX.X% over the next 10 years. Increasing military expenses and rising adoption of security and surveillance systems are major factors driving growth of the Asia Pacific thermal imaging market.

Global thermal imaging market segmentation:

Segmentation on the basis of application:

• Security & Surveillance
• Monitoring & Inspection
• Detection

Segmentation on the basis of industry verticals:

• Industrial
• Commercial
• Residential
• Aerospace & Defense
• Automotive
• Food & Beverages
• Others

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Axis Communications
• DRS Technologies Inc.
• Testo AG
• BAE Systems Inc.
• FLIR Systems Inc.
• Thermoteknix Systems Ltd
• Lockheed Martin Corporation
• Raytheon Company
• Sofradir EC, Inc.
• Danaher Corporation
• Honeywell International Inc.