Thermal Imaging Market with COVID-19 Impact and Analysis, by Product Type (Modules, Cameras, Scopes), Type (Handheld and Standstill), Technology(Cooled, Uncooled), Application, Wavelength(SWIR, MWIR, LWIR), Vertical, and Region - Global Forecast to 2026
The global thermal imaging market is estimated to be valued at USD 3.6 billion in 2021 and is expected to reach USD 4.7 billion by 2026, growing at a CAGR of 5.5% during the forecast period. The key factors driving the growth of the global thermal imaging market include Increasing government expenditure on the aerospace & defense sector boosting the growth of the thermal imaging market, Increasing adoption of thermal imaging in the automotive industry, growing R&D investments by companies, governments, and capital firms for developing innovative thermal imaging solutions, and others.
The outbreak and spread of COVID-19 have led to a slowdown in global economic growth. It has adversely affected several industries, including the thermal imaging industry. Companies are planning and working on keeping their businesses operational. Manufacturing and distributing products are the key challenges faced by companies. Several countries worldwide have imposed or prolonged lockdowns to contain the spread of the pandemic, which has resulted in disruptions in the supply chain of the thermal imaging market.
Thermal cameras segment to account for the largest share of thermal imaging market during the forecast period
On the basis of product types, the thermal imaging market has been segmented into three categories—thermal cameras, thermal scopes, and thermal modules. The thermal cameras segment held the largest share of the thermal imaging market in 2020 and is expected to continue this growth during the forecast period. Several reasons, such as an electronic image of high-quality precision produced in less time and the availability in different types (handheld, mounted, and standalone) and various micro-and nano-sizes, contribute to this dominance.
Security and surveillance segment to account for the largest share of thermal imaging market during the forecast period
Based on applications, the thermal imaging market has been segmented into security and surveillance, monitoring and inspection, and detection and measurement. The security and surveillance segment held the largest share of the thermal imaging market during the forecast period. Rapid urbanization increases the demand for advanced thermal imaging solutions for security and surveillance applications. The rising conflicts and terrorist activities among countries also increase the demand for well-equipped systems to monitor the country's borders from the illegal intrusion of enemies and protect the country from them.
North America to account for the largest share of thermal imaging market during the forecast period
Among all regions, North America accounted for the largest share of the thermal imaging market and is expected to continue this growth during the forecast period. The region is home to the major producers of thermal imaging components, such as thermal cameras, scopes, and modules. The US is the major contributor to this region and accounts for ~89% of the total thermal imaging market share in North America. The growth of the thermal imaging market in this region is attributed to the presence of numerous manufacturers and distributors, the low cost of thermal imaging components, and the increasing government expenditure in the aerospace & defense sector.
Breakdown of primary participants:
Research Coverage:
In this report, the thermal imaging market has been segmented on the basis of Type, Product Type, Technology, Wavelength, Vertical, Application, and Geography. It also discusses the market dynamics such as drivers, restraints, opportunities, and challenges, along with the impact of COVID-19 on the market and its segments. The report gives a detailed view of the market across four main regions—North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the description of each stage of the chain.
Key Benefits to Buy the Report:
The outbreak and spread of COVID-19 have led to a slowdown in global economic growth. It has adversely affected several industries, including the thermal imaging industry. Companies are planning and working on keeping their businesses operational. Manufacturing and distributing products are the key challenges faced by companies. Several countries worldwide have imposed or prolonged lockdowns to contain the spread of the pandemic, which has resulted in disruptions in the supply chain of the thermal imaging market.
Thermal cameras segment to account for the largest share of thermal imaging market during the forecast period
On the basis of product types, the thermal imaging market has been segmented into three categories—thermal cameras, thermal scopes, and thermal modules. The thermal cameras segment held the largest share of the thermal imaging market in 2020 and is expected to continue this growth during the forecast period. Several reasons, such as an electronic image of high-quality precision produced in less time and the availability in different types (handheld, mounted, and standalone) and various micro-and nano-sizes, contribute to this dominance.
Security and surveillance segment to account for the largest share of thermal imaging market during the forecast period
Based on applications, the thermal imaging market has been segmented into security and surveillance, monitoring and inspection, and detection and measurement. The security and surveillance segment held the largest share of the thermal imaging market during the forecast period. Rapid urbanization increases the demand for advanced thermal imaging solutions for security and surveillance applications. The rising conflicts and terrorist activities among countries also increase the demand for well-equipped systems to monitor the country's borders from the illegal intrusion of enemies and protect the country from them.
North America to account for the largest share of thermal imaging market during the forecast period
Among all regions, North America accounted for the largest share of the thermal imaging market and is expected to continue this growth during the forecast period. The region is home to the major producers of thermal imaging components, such as thermal cameras, scopes, and modules. The US is the major contributor to this region and accounts for ~89% of the total thermal imaging market share in North America. The growth of the thermal imaging market in this region is attributed to the presence of numerous manufacturers and distributors, the low cost of thermal imaging components, and the increasing government expenditure in the aerospace & defense sector.
Breakdown of primary participants:
- By Company Type: Tier 1 = 18%, Tier 2 = 22%, and Tier 3 = 60%
- By Designation: C-Level Executives = 21%, Managers = 35%, and Others = 44%
- By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%
Research Coverage:
In this report, the thermal imaging market has been segmented on the basis of Type, Product Type, Technology, Wavelength, Vertical, Application, and Geography. It also discusses the market dynamics such as drivers, restraints, opportunities, and challenges, along with the impact of COVID-19 on the market and its segments. The report gives a detailed view of the market across four main regions—North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the description of each stage of the chain.
Key Benefits to Buy the Report:
- This report includes statistics for the thermal imaging market based on Type, Product Type, Technology, Wavelength, Vertical, Application, and Geography, along with their respective market sizes.
- Value chain analysis and key industry trends have been provided for the market.
- Major drivers, restraints, opportunities, and challenges for the thermal imaging market have been provided in detail in this report.
- This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as product launches/developments, contracts/collaborations/agreements/acquisitions.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 THERMAL IMAGING MARKET
1.4.2 YEARS CONSIDERED
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 THERMAL IMAGING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
FIGURE 3 THERMAL IMAGING MARKET: RESEARCH APPROACH
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary sources
2.1.2.2 Breakdown of primary profiles
2.1.2.3 Primary sources
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SALE OF THE THERMAL IMAGING MARKET
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing the market size by bottom-up analysis (demand side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing the market share by top-down analysis (supply side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENT
TABLE 1 ANALYSIS OF RISK FACTORS
3 EXECUTIVE SUMMARY
FIGURE 8 UNCOOLED TECHNOLOGY TO DOMINATE THE THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
FIGURE 9 SHORT-WAVE INFRARED WAVELENGTH TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 10 THERMAL CAMERAS SEGMENT TO DOMINATE THE THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
FIGURE 11 DETECTION AND MEASUREMENT APPLICATION TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 12 HEALTHCARE & LIFE SCIENCES VERTICAL TO WITNESS THE HIGHEST CAGR DURING 2021–2026
FIGURE 13 NORTH AMERICA TO DOMINATE THE THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE THERMAL IMAGING MARKET
FIGURE 14 RISING DEMAND FOR ADVANCED THERMAL IMAGING COMPONENTS IN THE AEROSPACE & DEFENSE SECTOR TO SPUR THE THERMAL IMAGING MARKET GROWTH DURING THE FORECAST PERIOD
4.2 THERMAL IMAGING MARKET, BY PRODUCT TYPE
FIGURE 15 THERMAL CAMERAS SEGMENT TO RECORD THE HIGHEST CAGR IN THE OVERALL THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
4.3 THERMAL IMAGING MARKET, BY APPLICATION
FIGURE 16 SECURITY AND SURVEILLANCE SEGMENT TO RECORD THE LARGEST SHARE IN THE OVERALL THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
4.4 THERMAL IMAGING MARKET, BY TYPE
FIGURE 17 UNCOOLED SEGMENT EXPECTED TO ACCOUNT FOR A LARGER SHARE BY 2026
4.5 THERMAL IMAGING MARKET, BY COUNTRY
FIGURE 18 CHINA TO WITNESS THE HIGHEST GROWTH IN THE OVERALL THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
5 MARKET OVERVIEW & INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 MARKET DYNAMICS: THERMAL IMAGING MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing government expenditure in the aerospace & defense sector boosting the thermal imaging market growth
FIGURE 20 MILITARY EXPENSES OF DIFFERENT COUNTRIES IN 2020
5.2.1.2 Increasing adoption of thermal imaging in the automotive industry
5.2.1.3 Growing R&D investments by companies, governments, and capital firms for developing innovative thermal imaging solutions
FIGURE 21 THERMAL IMAGING MARKET DRIVERS AND THEIR IMPACT
5.2.2 RESTRAINTS
5.2.2.1 Export restriction imposed on thermal imaging products
FIGURE 22 THERMAL IMAGING MARKET RESTRAINTS AND THEIR IMPACT
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in the adoption of thermography for infancy stage diagnosis in healthcare applications
5.2.3.2 Thermal imaging diagnoses defects in building structures
FIGURE 23 THERMAL IMAGING MARKET OPPORTUNITIES AND THEIR IMPACT
5.2.4 CHALLENGES
5.2.4.1 Thermal cameras do not work through glass and water
5.2.4.2 Thermal imaging does not work for see-through wall applications
FIGURE 24 THERMAL IMAGING MARKET CHALLENGES AND THEIR IMPACT
5.3 VALUE CHAIN ANALYSIS
FIGURE 25 VALUE CHAIN OF THE THERMAL IMAGING MARKET
5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS BUSINESS
FIGURE 26 ARTIFICIAL INTELLIGENCE TO PRESENT NEW GROWTH OPPORTUNITIES FOR THERMAL IMAGING COMPANIES
5.5 PORTER’S FIVE FORCES ANALYSIS
FIGURE 27 THERMAL IMAGING: PORTER’S FIVE FORCES ANALYSIS, 2020
TABLE 2 THERMAL IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020
TABLE 3 THERMAL IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS, (2021–2026)
5.6 CASE STUDY ANALYSIS
5.6.1 USE CASE 1: FLIR SYSTEMS
5.6.2 USE CASE 2: FLIR SYSTEMS
5.7 TECHNOLOGY ANALYSIS
5.7.1 IR IMAGING AS A RAPID TOOL TO ANALYZE ORGANIC COMPOSTS
5.7.2 VIBRATIONAL SPECTROSCOPIC TECHNIQUES FOR TEA QUALITY
AND SAFETY ANALYSES
5.8 PATENT ANALYSIS
TABLE 4 THERMAL IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 28 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS IN THE LAST TEN YEARS
TABLE 5 TOP TEN PATENT OWNERS IN THE LAST TEN YEARS
5.9 THERMAL IMAGING MARKET ECOSYSTEM ANALYSIS
TABLE 6 THERMAL IMAGING MARKET: SUPPLY CHAIN/ECOSYSTEM
5.10 PRICING ANALYSIS
5.10.1 THERMAL IMAGING CAMERAS
TABLE 7 PRICE RANGE OF THERMAL IMAGING CAMERAS
5.11 TRADE ANALYSIS
FIGURE 29 TOP FIVE COUNTRIES WITH THE HIGHEST IMPORTS IN THE LAST FIVE YEARS
TABLE 8 IMPORT FOR TOP FIVE COUNTRIES RELATED TO INSTRUMENTS AND APPARATUS, PHYSICAL OR CHEMICAL ANALYSIS, 2016?2020 (USD BILLION)
FIGURE 30 TOP FIVE COUNTRIES WITH THE HIGHEST EXPORTS IN THE LAST FIVE YEARS
TABLE 9 EXPORT BY TOP FIVE COUNTRIES RELATED TO INSTRUMENTS AND APPARATUS, PHYSICAL OR CHEMICAL ANALYSIS, 2016?2020, (USD MILLION)
5.11.1 TARIFF ANALYSIS
TABLE 10 TARIFF FOR INSTRUMENTS AND APPARATUS RELATED TO PHYSICAL OR CHEMICAL ANALYSIS EXPORTED BY UNITED STATES, 2020
TABLE 11 TARIFF FOR INSTRUMENTS AND APPARATUS RELATED TO PHYSICAL OR CHEMICAL ANALYSIS EXPORTED BY GERMANY, 2020
TABLE 12 TARIFF FOR INSTRUMENTS AND APPARATUS RELATED TO PHYSICAL OR CHEMICAL ANALYSIS EXPORTED BY SINGAPORE, 2020
5.12 REGULATORY STANDARDS
5.12.1 INTERNATIONAL TRAFFIC IN ARMS REGULATIONS (ITAR)
5.12.2 NATIONAL ELECTRONIC DISTRIBUTORS ASSOCIATION (NEDA)
5.12.3 INSTITUTE FOR PRINTED CIRCUITS (IPC)
5.12.4 WORKING-PARTY ON INSTRUMENT BEHAVIOR M-2784 (WIB M-2784) – PROCESS CONTROL DOMAIN: SECURITY REQUIREMENTS FOR VENDORS
6 THERMAL IMAGING MARKET, BY PRODUCT TYPE
6.1 INTRODUCTION
FIGURE 31 THERMAL CAMERAS SEGMENT OF THE THERMAL IMAGING MARKET TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 13 THERMAL IMAGING MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
TABLE 14 THERMAL IMAGING MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
TABLE 15 THERMAL IMAGING MARKET, BY PRODUCT TYPE, 2017–2020 (THOUSAND UNITS)
TABLE 16 THERMAL IMAGING MARKET, BY PRODUCT TYPE, 2021–2026 (THOUSAND UNITS)
6.2 THERMAL CAMERAS
6.2.1 INCREASE IN THE ADOPTION OF THERMAL CAMERAS IN APPLICATIONS SPURRING MARKET GROWTH
6.3 THERMAL SCOPES
6.3.1 HIGH ADOPTION OF THERMAL SCOPES IN THE AEROSPACE & DEFENSE VERTICAL ACCELERATING MARKET GROWTH
6.4 THERMAL MODULES
6.4.1 INCREASING DEMAND FOR THERMAL MODULES TO BOOST THE GROWTH OF THE THERMAL IMAGING MARKET
7 THERMAL IMAGING MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 32 HANDHELD SEGMENT EXPECTED TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026
TABLE 17 THERMAL IMAGING MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 18 THERMAL IMAGING MARKET, BY TYPE, 2021–2026 (USD MILLION)
7.2 FIXED THERMAL CAMERAS
7.3 HANDHELD THERMAL CAMERAS
8 THERMAL IMAGING MARKET, BY TECHNOLOGY
8.1 INTRODUCTION
TABLE 19 THERMAL IMAGING MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
FIGURE 33 UNCOOLED SEGMENT EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
TABLE 20 THERMAL IMAGING MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
8.2 COOLED
8.2.1 USAGE OF HIGHLY SENSITIVE COOLED THERMAL CAMERAS TO MONITOR MINUTE TEMPERATURE DIFFERENCE (<20 MK)
TABLE 21 COOLED THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 22 COOLED THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
8.3 UNCOOLED
8.3.1 UNCOOLED THERMAL CAMERAS SUITABLE FOR LOW-COST AND HIGH-VOLUME APPLICATIONS
TABLE 23 UNCOOLED THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 24 UNCOOLED THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
9 THERMAL IMAGING MARKET, BY WAVELENGTH
9.1 INTRODUCTION
FIGURE 34 SWIR SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR
FROM 2021 TO 2026
TABLE 25 THERMAL IMAGING MARKET, BY WAVELENGTH, 2017–2020 (USD MILLION)
TABLE 26 THERMAL IMAGING MARKET, BY WAVELENGTH, 2021–2026 (USD MILLION)
9.2 SHORT-WAVE INFRARED (SWIR)
9.2.1 CAPABILITY OF SWIR THERMAL IMAGING PRODUCTS TO PRODUCE DETAILED IMAGES WITH HIGH-RESOLUTION
9.3 MID-WAVE INFRARED (MWIR)
9.3.1 MWIR THERMAL IMAGING PRODUCTS USED TO PROVIDE HIGH CONTRAST THERMAL IMAGES
9.4 LONG-WAVE INFRARED (LWIR)
9.4.1 LWIR THERMAL IMAGING PRODUCTS USED TO MONITOR HUMAN ACTIVITIES AND VEHICLES
10 THERMAL IMAGING MARKET, BY VERTICAL
10.1 INTRODUCTION
FIGURE 35 HEALTHCARE & LIFE SCIENCES SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 27 THERMAL IMAGING MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 28 THERMAL IMAGING MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
10.2 INDUSTRIAL
10.2.1 RISE IN DEPLOYMENT OF THERMAL CAMERAS IN THE INDUSTRIAL SEGMENT TO SAFEGUARD INDUSTRIAL ASSETS AND HUMAN LIVES
TABLE 29 INDUSTRIAL THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 30 INDUSTRIAL THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.3 COMMERCIAL
10.3.1 GROWING DEMAND FOR THERMAL CAMERAS IN THE COMMERCIAL SEGMENT TO SUPPORT THE GROWTH OF THE MARKET
TABLE 31 COMMERCIAL THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 32 COMMERCIAL THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.4 RESIDENTIAL
10.4.1 INCREASING ADOPTION OF THERMAL CAMERAS FOR BUILDING SAFETY AND INCREASING EFFICIENCY
TABLE 33 RESIDENTIAL THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
FIGURE 36 MONITORING AND INSPECTION SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 34 RESIDENTIAL THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.5 AEROSPACE & DEFENSE
10.5.1 RISING ADOPTION OF ADVANCED THERMAL IMAGING SOLUTIONS ACROSS THE AEROSPACE & DEFENSE INDUSTRY TO FUEL THE MARKET GROWTH
TABLE 35 AEROSPACE & DEFENSE THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 36 AEROSPACE & DEFENSE THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.6 AUTOMOTIVE
10.6.1 EVOLUTION OF ADVANCED THERMAL IMAGING SOLUTIONS FOR AUTOMOTIVE TO SPUR THE MARKET
TABLE 37 AUTOMOTIVE THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 38 AUTOMOTIVE THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.7 HEALTHCARE & LIFE SCIENCES
10.7.1 SIMPLE, NON-INVASIVE, AND LESS EXPENSIVE THERMAL IMAGING TECHNIQUE TO INCREASE THE DEMAND FOR THERMAL CAMERAS IN THE HEALTHCARE & LIFE SCIENCES VERTICAL
TABLE 39 HEALTHCARE & LIFE SCIENCES THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
FIGURE 37 DETECTION AND MEASUREMENT SEGMENT EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
TABLE 40 HEALTHCARE & LIFE SCIENCES THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.8 OIL & GAS
10.8.1 INCREASING IMPORTANCE OF PREDICTIVE MAINTENANCE TO FUEL THE MARKET
TABLE 41 OIL & GAS THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 42 OIL & GAS THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.9 FOOD & BEVERAGES
10.9.1 GROWING NEED FOR PRECISE TEMPERATURE MONITORING OF FOOD PROCESSING TO MAKE THERMAL IMAGING QUALITY CONTROL METHOD PREFERRED BY SEVERAL MANUFACTURERS
TABLE 43 FOOD & BEVERAGES THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 44 FOOD & BEVERAGES THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
11 THERMAL IMAGING MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 38 DETECTION & MEASUREMENT SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 45 THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 46 THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
11.2 SECURITY AND SURVEILLANCE
11.2.1 INCREASING ADOPTION OF SECURITY AND SURVEILLANCE SYSTEMS IN THE AEROSPACE & DEFENSE SECTOR TO BOOST MARKET GROWTH
TABLE 47 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2017–2020 (USD MILLION)
TABLE 48 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2021–2026 (USD MILLION)
TABLE 49 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 50 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 51 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 52 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2.2 PERIMETER SECURITY
11.2.2.1 Rising deployment of thermal cameras in perimeter security
TABLE 53 PERIMETER SECURITY: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
FIGURE 39 INDUSTRIAL VERTICAL EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 54 PERIMETER SECURITY: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 55 PERIMETER SECURITY: SECURITY AND SURVEILLANCE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 56 PERIMETER SECURITY: SECURITY AND SURVEILLANCE MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2.3 UNMANNED AERIAL VEHICLE
11.2.3.1 Advancement in technology will increase the requirement for advanced thermal UAVs to ensure complete protection
TABLE 57 UAV: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 58 UAV: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 59 UAV: SECURITY AND SURVEILLANCE MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 60 UAV: SECURITY AND SURVEILLANCE MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2.4 TRACKING
11.2.4.1 Panoramic thermal imaging system enables tracking in wide area spurring market growth
TABLE 61 TRACKING: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 62 TRACKING: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 63 TRACKING: SECURITY AND SURVEILLANCE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 64 TRACKING: SECURITY AND SURVEILLANCE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3 MONITORING AND INSPECTION
11.3.1 REQUIREMENT OF MONITORING AND INSPECTION TO ASSESS THE QUALITY OF MANUFACTURED DEVICES DRIVING THE ADOPTION OF THERMAL IMAGING PRODUCTS
TABLE 65 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2017–2020 (USD MILLION)
TABLE 66 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2021–2026 (USD MILLION)
TABLE 67 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 68 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 69 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 70 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3.2 MACHINE CONDITION MONITORING
11.3.2.1 Increasing awareness about the safety of machines used for the deployment of thermal cameras propelling the market growth
TABLE 71 MACHINE CONDITION MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
FIGURE 40 INDUSTRIAL VERTICAL EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 72 MACHINE CONDITION MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 73 MACHINE CONDITION MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 74 MACHINE CONDITION MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3.3 STRUCTURAL HEALTH MONITORING
11.3.3.1 Rising adoption of thermal cameras to safeguard building structures
TABLE 75 STRUCTURAL HEALTH MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 76 STRUCTURAL HEALTH MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 77 STRUCTURAL HEALTH MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 78 STRUCTURAL HEALTH MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3.4 QUALITY ASSESSMENT
11.3.4.1 Human safety increases the demand for the thermal imaging technology
TABLE 79 QUALITY ASSESSMENT: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 80 QUALITY ASSESSMENT: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 81 QUALITY ASSESSMENT: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 82 QUALITY ASSESSMENT: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3.5 HVAC SYSTEM INSPECTION
11.3.5.1 Rise in the awareness of HVAC systems increasing the deployment of thermal imagers driving the market growth
TABLE 83 HVAC SYSTEM INSPECTION: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 84 HVAC SYSTEM INSPECTION: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 85 HVAC SYSTEM INSPECTION: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 86 HVAC SYSTEM INSPECTION: MONITORING AND INSPECTION MARKET, BY REGION, 2021–2026 (USD MILLION)
11.4 DETECTION AND MEASUREMENT
11.4.1 INCREASING ADOPTION OF THERMAL IMAGING DEVICES TO DETECT, MEASURE, AND ENSURE VEHICLE & DRIVER SAFETY AS WELL AS EFFICIENCY
TABLE 87 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2017–2020 (USD MILLION)
FIGURE 41 BODY TEMPERATURE SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 88 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2021–2026 (USD MILLION)
TABLE 89 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 90 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 91 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 92 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.2 GAS DETECTION
11.4.2.1 Strict regulations imposed on the oil & gas industry increasing the adoption of thermal imaging cameras
TABLE 93 GAS DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 94 GAS DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 95 GAS DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 96 GAS DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.3 FIRE/FLARE DETECTION
11.4.3.1 Deployment of thermal cameras to reduce human, material, and property losses to boost market
TABLE 97 FIRE/FLARE DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 98 FIRE/FLARE DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 99 FIRE/FLARE DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 100 FIRE/FLARE DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.4 BODY TEMPERATURE MEASUREMENT
11.4.4.1 Increasing use of thermal cameras propelling the market growth
TABLE 101 BODY TEMPERATURE MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
FIGURE 42 HEALTHCARE & LIFE SCIENCES VERTICAL EXPECTED TO GROW AT A HIGHER CAGR FROM 2021 TO 2026
TABLE 102 BODY TEMPERATURE MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 103 BODY TEMPERATURE MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 104 BODY TEMPERATURE MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.5 LEVEL MEASUREMENT
11.4.5.1 Use of thermal imaging cameras by technicians to maintain appropriate container or tank levels to boost the market growth
TABLE 105 LEVEL MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 106 LEVEL MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 107 LEVEL MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 108 LEVEL MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.6 PROTOTYPE ASSESSMENT
11.4.6.1 Adoption of thermal imagers for prototype assessment increasing their demand
TABLE 109 PROTOTYPE ASSESSMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 110 PROTOTYPE ASSESSMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 111 PROTOTYPE ASSESSMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 112 PROTOTYPE ASSESSMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
12 GEOGRAPHIC ANALYSIS
12.1 INTRODUCTION
TABLE 113 THERMAL IMAGING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 114 THERMAL IMAGING MARKET, BY REGION, 2021–2026 (USD MILLION)
FIGURE 43 THERMAL IMAGING MARKET SNAPSHOT
12.2 NORTH AMERICA
FIGURE 44 NORTH AMERICA: THERMAL IMAGING MARKET SNAPSHOT
TABLE 115 NORTH AMERICA: THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 116 NORTH AMERICA: THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 117 NORTH AMERICA THERMAL IMAGING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 118 NORTH AMERICA: THERMAL IMAGING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
12.2.1 US
12.2.1.1 Presence of thermal imaging manufacturing companies to boost the market growth in the US
12.2.2 CANADA
12.2.2.1 Investment in R&D of thermal imaging by the government
12.2.3 MEXICO
12.2.3.1 Wide distribution network
12.3 EUROPE
FIGURE 45 EUROPE: THERMAL IMAGING MARKET SNAPSHOT
TABLE 119 THERMAL IMAGING MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 120 EUROPE: THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 121 EUROPE: THERMAL IMAGING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 122 EUROPE: THERMAL IMAGING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
12.3.1 UK
12.3.1.1 Increasing use of thermal cameras for monitoring and inspecting building structures in the residential and commercial sector
12.3.2 GERMANY
12.3.2.1 Market for thermal imaging expected to witness significant growth
12.3.3 FRANCE
12.3.3.1 Presence of automobile manufacturers spurring the market growth
12.3.4 REST OF EUROPE
12.4 APAC
FIGURE 46 APAC: THERMAL IMAGING MARKET SNAPSHOT
TABLE 123 APAC: THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 124 APAC: THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 125 APAC: THERMAL IMAGING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 126 APAC: THERMAL IMAGING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Mass production of thermal imaging products
12.4.2 JAPAN
12.4.2.1 Increase in the use of thermal cameras in the healthcare industry and structural health monitoring applications
12.4.3 INDIA
12.4.3.1 Collaborations, government initiatives, and foreign direct investments spurring the market growth
12.4.4 REST OF APAC
12.5 ROW
TABLE 127 ROW: THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 128 ROW: THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 129 ROW: THERMAL IMAGING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 130 ROW: THERMAL IMAGING MARKET, BY REGION, 2021–2026 (USD MILLION)
12.5.1 MIDDLE EAST & AFRICA
12.5.1.1 Ongoing investments in the oil & gas and aerospace & defense industries supporting the market growth
12.5.2 SOUTH AMERICA
12.5.2.1 Increasing demand for monitoring and inspection in the healthcare and life sciences, industrial, and aerospace & defense sectors
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
13.3 REVENUE ANALYSIS
FIGURE 47 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN THE THERMAL IMAGING MARKET
13.4 MARKET SHARE ANALYSIS, 2020
FIGURE 48 THERMAL IMAGING MARKET: MARKET SHARE ANALYSIS (2020)
TABLE 131 THERMAL IMAGING MARKET: DEGREE OF COMPETITION
13.5 COMPANY EVALUATION QUADRANT
13.5.1 STARS
13.5.2 PERVASIVE PLAYERS
13.5.3 EMERGING LEADERS
13.5.4 PARTICIPANTS
FIGURE 49 THERMAL IMAGING MARKET COMPANY EVALUATION QUADRANT, 2020
13.5.5 THERMAL IMAGING MARKET: COMPANY PRODUCT FOOTPRINT
TABLE 132 COMPANY PRODUCT FOOTPRINT
13.5.6 THERMAL IMAGING MARKET: PRODUCT TYPE FOOTPRINT
TABLE 133 COMPANY PRODUCT TYPE FOOTPRINT
13.5.7 THERMAL IMAGING MARKET: APPLICATION FOOTPRINT
TABLE 134 COMPANY APPLICATION FOOTPRINT
13.5.8 THERMAL IMAGING MARKET: REGIONAL FOOTPRINT
TABLE 135 COMPANY REGIONAL FOOTPRINT
13.6 START-UP/SME EVALUATION QUADRANT, 2020
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 50 THERMAL IMAGING MARKET START-UP/SME EVALUATION
QUADRANT, 2020
13.7 COMPETITIVE SCENARIO
13.7.1 EXPANSIONS, ACQUISITIONS, PARTNERSHIPS, AND COLLABORATIONS
TABLE 136 THERMAL IMAGING MARKET: EXPANSIONS, ACQUISITIONS, PARTNERSHIPS, AND COLLABORATIONS, SEPTEMBER 2019-JUNE 2021
13.7.2 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 137 THERMAL IMAGING MARKET, PRODUCT LAUNCHES, JUNE 2019–JUNE 2021
14 COMPANY PROFILES
(Business Overview, Products/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1 INTRODUCTION
14.2 KEY PLAYERS
14.2.1 FLIR SYSTEMS
FIGURE 51 FLIR SYSTEMS: COMPANY SNAPSHOT
14.2.2 FLUKE
FIGURE 52 FORTIVE CORPORATION: COMPANY SNAPSHOT
14.2.3 LEONARDO SPA
FIGURE 53 LEONARDO S.P.A: COMPANY SNAPSHOT
14.2.4 L3HARRIS TECHNOLOGIES
FIGURE 54 L3HARRIS TECHNOLOGIES: COMPANY SNAPSHOT
14.2.5 RAYTHEON TECHNOLOGIES
FIGURE 55 RAYTHEON TECHNOLOGIES: COMPANY SNAPSHOT
14.2.6 XENICS
14.2.7 AXIS COMMUNICATION
FIGURE 56 AXIS COMMUNICATION: COMPANY SNAPSHOT
14.2.8 BAE SYSTEMS
FIGURE 57 BAE SYSTEMS: COMPANY SNAPSHOT
14.2.9 OPGAL
14.2.10 TESTO SE
14.3 OTHER KEY PLAYERS
14.3.1 AMETEK LAND
14.3.2 DIAS INTERNATIONAL
14.3.3 MOVITHERM
14.3.4 ZHEJIANG DALI TECHNOLOGY
14.3.5 HGH INFRARED SYSTEMS
14.3.6 LYNRED
14.3.7 TONBO IMAGING
14.3.8 INFRATEC
14.3.9 COX
14.3.10 CALUMINO®
14.3.11 SEEK THERMAL
14.3.12 TERABEE
14.3.13 C-THERMAL
14.3.14 HIT NANO
14.3.15 EXMAT RESEARCH
14.3.16 CEM INSTRUMENTS
*Details on Business Overview, Products/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 APPENDIX
15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATION
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 THERMAL IMAGING MARKET
1.4.2 YEARS CONSIDERED
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 THERMAL IMAGING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
FIGURE 3 THERMAL IMAGING MARKET: RESEARCH APPROACH
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary sources
2.1.2.2 Breakdown of primary profiles
2.1.2.3 Primary sources
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SALE OF THE THERMAL IMAGING MARKET
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing the market size by bottom-up analysis (demand side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing the market share by top-down analysis (supply side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENT
TABLE 1 ANALYSIS OF RISK FACTORS
3 EXECUTIVE SUMMARY
FIGURE 8 UNCOOLED TECHNOLOGY TO DOMINATE THE THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
FIGURE 9 SHORT-WAVE INFRARED WAVELENGTH TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 10 THERMAL CAMERAS SEGMENT TO DOMINATE THE THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
FIGURE 11 DETECTION AND MEASUREMENT APPLICATION TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 12 HEALTHCARE & LIFE SCIENCES VERTICAL TO WITNESS THE HIGHEST CAGR DURING 2021–2026
FIGURE 13 NORTH AMERICA TO DOMINATE THE THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE THERMAL IMAGING MARKET
FIGURE 14 RISING DEMAND FOR ADVANCED THERMAL IMAGING COMPONENTS IN THE AEROSPACE & DEFENSE SECTOR TO SPUR THE THERMAL IMAGING MARKET GROWTH DURING THE FORECAST PERIOD
4.2 THERMAL IMAGING MARKET, BY PRODUCT TYPE
FIGURE 15 THERMAL CAMERAS SEGMENT TO RECORD THE HIGHEST CAGR IN THE OVERALL THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
4.3 THERMAL IMAGING MARKET, BY APPLICATION
FIGURE 16 SECURITY AND SURVEILLANCE SEGMENT TO RECORD THE LARGEST SHARE IN THE OVERALL THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
4.4 THERMAL IMAGING MARKET, BY TYPE
FIGURE 17 UNCOOLED SEGMENT EXPECTED TO ACCOUNT FOR A LARGER SHARE BY 2026
4.5 THERMAL IMAGING MARKET, BY COUNTRY
FIGURE 18 CHINA TO WITNESS THE HIGHEST GROWTH IN THE OVERALL THERMAL IMAGING MARKET DURING THE FORECAST PERIOD
5 MARKET OVERVIEW & INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 MARKET DYNAMICS: THERMAL IMAGING MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing government expenditure in the aerospace & defense sector boosting the thermal imaging market growth
FIGURE 20 MILITARY EXPENSES OF DIFFERENT COUNTRIES IN 2020
5.2.1.2 Increasing adoption of thermal imaging in the automotive industry
5.2.1.3 Growing R&D investments by companies, governments, and capital firms for developing innovative thermal imaging solutions
FIGURE 21 THERMAL IMAGING MARKET DRIVERS AND THEIR IMPACT
5.2.2 RESTRAINTS
5.2.2.1 Export restriction imposed on thermal imaging products
FIGURE 22 THERMAL IMAGING MARKET RESTRAINTS AND THEIR IMPACT
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in the adoption of thermography for infancy stage diagnosis in healthcare applications
5.2.3.2 Thermal imaging diagnoses defects in building structures
FIGURE 23 THERMAL IMAGING MARKET OPPORTUNITIES AND THEIR IMPACT
5.2.4 CHALLENGES
5.2.4.1 Thermal cameras do not work through glass and water
5.2.4.2 Thermal imaging does not work for see-through wall applications
FIGURE 24 THERMAL IMAGING MARKET CHALLENGES AND THEIR IMPACT
5.3 VALUE CHAIN ANALYSIS
FIGURE 25 VALUE CHAIN OF THE THERMAL IMAGING MARKET
5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS BUSINESS
FIGURE 26 ARTIFICIAL INTELLIGENCE TO PRESENT NEW GROWTH OPPORTUNITIES FOR THERMAL IMAGING COMPANIES
5.5 PORTER’S FIVE FORCES ANALYSIS
FIGURE 27 THERMAL IMAGING: PORTER’S FIVE FORCES ANALYSIS, 2020
TABLE 2 THERMAL IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020
TABLE 3 THERMAL IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS, (2021–2026)
5.6 CASE STUDY ANALYSIS
5.6.1 USE CASE 1: FLIR SYSTEMS
5.6.2 USE CASE 2: FLIR SYSTEMS
5.7 TECHNOLOGY ANALYSIS
5.7.1 IR IMAGING AS A RAPID TOOL TO ANALYZE ORGANIC COMPOSTS
5.7.2 VIBRATIONAL SPECTROSCOPIC TECHNIQUES FOR TEA QUALITY
AND SAFETY ANALYSES
5.8 PATENT ANALYSIS
TABLE 4 THERMAL IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 28 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS IN THE LAST TEN YEARS
TABLE 5 TOP TEN PATENT OWNERS IN THE LAST TEN YEARS
5.9 THERMAL IMAGING MARKET ECOSYSTEM ANALYSIS
TABLE 6 THERMAL IMAGING MARKET: SUPPLY CHAIN/ECOSYSTEM
5.10 PRICING ANALYSIS
5.10.1 THERMAL IMAGING CAMERAS
TABLE 7 PRICE RANGE OF THERMAL IMAGING CAMERAS
5.11 TRADE ANALYSIS
FIGURE 29 TOP FIVE COUNTRIES WITH THE HIGHEST IMPORTS IN THE LAST FIVE YEARS
TABLE 8 IMPORT FOR TOP FIVE COUNTRIES RELATED TO INSTRUMENTS AND APPARATUS, PHYSICAL OR CHEMICAL ANALYSIS, 2016?2020 (USD BILLION)
FIGURE 30 TOP FIVE COUNTRIES WITH THE HIGHEST EXPORTS IN THE LAST FIVE YEARS
TABLE 9 EXPORT BY TOP FIVE COUNTRIES RELATED TO INSTRUMENTS AND APPARATUS, PHYSICAL OR CHEMICAL ANALYSIS, 2016?2020, (USD MILLION)
5.11.1 TARIFF ANALYSIS
TABLE 10 TARIFF FOR INSTRUMENTS AND APPARATUS RELATED TO PHYSICAL OR CHEMICAL ANALYSIS EXPORTED BY UNITED STATES, 2020
TABLE 11 TARIFF FOR INSTRUMENTS AND APPARATUS RELATED TO PHYSICAL OR CHEMICAL ANALYSIS EXPORTED BY GERMANY, 2020
TABLE 12 TARIFF FOR INSTRUMENTS AND APPARATUS RELATED TO PHYSICAL OR CHEMICAL ANALYSIS EXPORTED BY SINGAPORE, 2020
5.12 REGULATORY STANDARDS
5.12.1 INTERNATIONAL TRAFFIC IN ARMS REGULATIONS (ITAR)
5.12.2 NATIONAL ELECTRONIC DISTRIBUTORS ASSOCIATION (NEDA)
5.12.3 INSTITUTE FOR PRINTED CIRCUITS (IPC)
5.12.4 WORKING-PARTY ON INSTRUMENT BEHAVIOR M-2784 (WIB M-2784) – PROCESS CONTROL DOMAIN: SECURITY REQUIREMENTS FOR VENDORS
6 THERMAL IMAGING MARKET, BY PRODUCT TYPE
6.1 INTRODUCTION
FIGURE 31 THERMAL CAMERAS SEGMENT OF THE THERMAL IMAGING MARKET TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 13 THERMAL IMAGING MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
TABLE 14 THERMAL IMAGING MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
TABLE 15 THERMAL IMAGING MARKET, BY PRODUCT TYPE, 2017–2020 (THOUSAND UNITS)
TABLE 16 THERMAL IMAGING MARKET, BY PRODUCT TYPE, 2021–2026 (THOUSAND UNITS)
6.2 THERMAL CAMERAS
6.2.1 INCREASE IN THE ADOPTION OF THERMAL CAMERAS IN APPLICATIONS SPURRING MARKET GROWTH
6.3 THERMAL SCOPES
6.3.1 HIGH ADOPTION OF THERMAL SCOPES IN THE AEROSPACE & DEFENSE VERTICAL ACCELERATING MARKET GROWTH
6.4 THERMAL MODULES
6.4.1 INCREASING DEMAND FOR THERMAL MODULES TO BOOST THE GROWTH OF THE THERMAL IMAGING MARKET
7 THERMAL IMAGING MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 32 HANDHELD SEGMENT EXPECTED TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026
TABLE 17 THERMAL IMAGING MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 18 THERMAL IMAGING MARKET, BY TYPE, 2021–2026 (USD MILLION)
7.2 FIXED THERMAL CAMERAS
7.3 HANDHELD THERMAL CAMERAS
8 THERMAL IMAGING MARKET, BY TECHNOLOGY
8.1 INTRODUCTION
TABLE 19 THERMAL IMAGING MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
FIGURE 33 UNCOOLED SEGMENT EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
TABLE 20 THERMAL IMAGING MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
8.2 COOLED
8.2.1 USAGE OF HIGHLY SENSITIVE COOLED THERMAL CAMERAS TO MONITOR MINUTE TEMPERATURE DIFFERENCE (<20 MK)
TABLE 21 COOLED THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 22 COOLED THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
8.3 UNCOOLED
8.3.1 UNCOOLED THERMAL CAMERAS SUITABLE FOR LOW-COST AND HIGH-VOLUME APPLICATIONS
TABLE 23 UNCOOLED THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 24 UNCOOLED THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
9 THERMAL IMAGING MARKET, BY WAVELENGTH
9.1 INTRODUCTION
FIGURE 34 SWIR SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR
FROM 2021 TO 2026
TABLE 25 THERMAL IMAGING MARKET, BY WAVELENGTH, 2017–2020 (USD MILLION)
TABLE 26 THERMAL IMAGING MARKET, BY WAVELENGTH, 2021–2026 (USD MILLION)
9.2 SHORT-WAVE INFRARED (SWIR)
9.2.1 CAPABILITY OF SWIR THERMAL IMAGING PRODUCTS TO PRODUCE DETAILED IMAGES WITH HIGH-RESOLUTION
9.3 MID-WAVE INFRARED (MWIR)
9.3.1 MWIR THERMAL IMAGING PRODUCTS USED TO PROVIDE HIGH CONTRAST THERMAL IMAGES
9.4 LONG-WAVE INFRARED (LWIR)
9.4.1 LWIR THERMAL IMAGING PRODUCTS USED TO MONITOR HUMAN ACTIVITIES AND VEHICLES
10 THERMAL IMAGING MARKET, BY VERTICAL
10.1 INTRODUCTION
FIGURE 35 HEALTHCARE & LIFE SCIENCES SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 27 THERMAL IMAGING MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 28 THERMAL IMAGING MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
10.2 INDUSTRIAL
10.2.1 RISE IN DEPLOYMENT OF THERMAL CAMERAS IN THE INDUSTRIAL SEGMENT TO SAFEGUARD INDUSTRIAL ASSETS AND HUMAN LIVES
TABLE 29 INDUSTRIAL THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 30 INDUSTRIAL THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.3 COMMERCIAL
10.3.1 GROWING DEMAND FOR THERMAL CAMERAS IN THE COMMERCIAL SEGMENT TO SUPPORT THE GROWTH OF THE MARKET
TABLE 31 COMMERCIAL THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 32 COMMERCIAL THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.4 RESIDENTIAL
10.4.1 INCREASING ADOPTION OF THERMAL CAMERAS FOR BUILDING SAFETY AND INCREASING EFFICIENCY
TABLE 33 RESIDENTIAL THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
FIGURE 36 MONITORING AND INSPECTION SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 34 RESIDENTIAL THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.5 AEROSPACE & DEFENSE
10.5.1 RISING ADOPTION OF ADVANCED THERMAL IMAGING SOLUTIONS ACROSS THE AEROSPACE & DEFENSE INDUSTRY TO FUEL THE MARKET GROWTH
TABLE 35 AEROSPACE & DEFENSE THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 36 AEROSPACE & DEFENSE THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.6 AUTOMOTIVE
10.6.1 EVOLUTION OF ADVANCED THERMAL IMAGING SOLUTIONS FOR AUTOMOTIVE TO SPUR THE MARKET
TABLE 37 AUTOMOTIVE THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 38 AUTOMOTIVE THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.7 HEALTHCARE & LIFE SCIENCES
10.7.1 SIMPLE, NON-INVASIVE, AND LESS EXPENSIVE THERMAL IMAGING TECHNIQUE TO INCREASE THE DEMAND FOR THERMAL CAMERAS IN THE HEALTHCARE & LIFE SCIENCES VERTICAL
TABLE 39 HEALTHCARE & LIFE SCIENCES THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
FIGURE 37 DETECTION AND MEASUREMENT SEGMENT EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
TABLE 40 HEALTHCARE & LIFE SCIENCES THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.8 OIL & GAS
10.8.1 INCREASING IMPORTANCE OF PREDICTIVE MAINTENANCE TO FUEL THE MARKET
TABLE 41 OIL & GAS THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 42 OIL & GAS THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
10.9 FOOD & BEVERAGES
10.9.1 GROWING NEED FOR PRECISE TEMPERATURE MONITORING OF FOOD PROCESSING TO MAKE THERMAL IMAGING QUALITY CONTROL METHOD PREFERRED BY SEVERAL MANUFACTURERS
TABLE 43 FOOD & BEVERAGES THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 44 FOOD & BEVERAGES THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
11 THERMAL IMAGING MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 38 DETECTION & MEASUREMENT SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 45 THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 46 THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
11.2 SECURITY AND SURVEILLANCE
11.2.1 INCREASING ADOPTION OF SECURITY AND SURVEILLANCE SYSTEMS IN THE AEROSPACE & DEFENSE SECTOR TO BOOST MARKET GROWTH
TABLE 47 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2017–2020 (USD MILLION)
TABLE 48 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2021–2026 (USD MILLION)
TABLE 49 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 50 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 51 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 52 SECURITY AND SURVEILLANCE: THERMAL IMAGING MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2.2 PERIMETER SECURITY
11.2.2.1 Rising deployment of thermal cameras in perimeter security
TABLE 53 PERIMETER SECURITY: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
FIGURE 39 INDUSTRIAL VERTICAL EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 54 PERIMETER SECURITY: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 55 PERIMETER SECURITY: SECURITY AND SURVEILLANCE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 56 PERIMETER SECURITY: SECURITY AND SURVEILLANCE MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2.3 UNMANNED AERIAL VEHICLE
11.2.3.1 Advancement in technology will increase the requirement for advanced thermal UAVs to ensure complete protection
TABLE 57 UAV: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 58 UAV: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 59 UAV: SECURITY AND SURVEILLANCE MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 60 UAV: SECURITY AND SURVEILLANCE MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2.4 TRACKING
11.2.4.1 Panoramic thermal imaging system enables tracking in wide area spurring market growth
TABLE 61 TRACKING: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 62 TRACKING: SECURITY AND SURVEILLANCE MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 63 TRACKING: SECURITY AND SURVEILLANCE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 64 TRACKING: SECURITY AND SURVEILLANCE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3 MONITORING AND INSPECTION
11.3.1 REQUIREMENT OF MONITORING AND INSPECTION TO ASSESS THE QUALITY OF MANUFACTURED DEVICES DRIVING THE ADOPTION OF THERMAL IMAGING PRODUCTS
TABLE 65 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2017–2020 (USD MILLION)
TABLE 66 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2021–2026 (USD MILLION)
TABLE 67 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 68 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 69 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 70 MONITORING AND INSPECTION: THERMAL IMAGING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3.2 MACHINE CONDITION MONITORING
11.3.2.1 Increasing awareness about the safety of machines used for the deployment of thermal cameras propelling the market growth
TABLE 71 MACHINE CONDITION MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
FIGURE 40 INDUSTRIAL VERTICAL EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 72 MACHINE CONDITION MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 73 MACHINE CONDITION MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 74 MACHINE CONDITION MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3.3 STRUCTURAL HEALTH MONITORING
11.3.3.1 Rising adoption of thermal cameras to safeguard building structures
TABLE 75 STRUCTURAL HEALTH MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 76 STRUCTURAL HEALTH MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 77 STRUCTURAL HEALTH MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 78 STRUCTURAL HEALTH MONITORING: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3.4 QUALITY ASSESSMENT
11.3.4.1 Human safety increases the demand for the thermal imaging technology
TABLE 79 QUALITY ASSESSMENT: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 80 QUALITY ASSESSMENT: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 81 QUALITY ASSESSMENT: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 82 QUALITY ASSESSMENT: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.3.5 HVAC SYSTEM INSPECTION
11.3.5.1 Rise in the awareness of HVAC systems increasing the deployment of thermal imagers driving the market growth
TABLE 83 HVAC SYSTEM INSPECTION: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 84 HVAC SYSTEM INSPECTION: MONITORING AND INSPECTION MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 85 HVAC SYSTEM INSPECTION: MONITORING AND INSPECTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 86 HVAC SYSTEM INSPECTION: MONITORING AND INSPECTION MARKET, BY REGION, 2021–2026 (USD MILLION)
11.4 DETECTION AND MEASUREMENT
11.4.1 INCREASING ADOPTION OF THERMAL IMAGING DEVICES TO DETECT, MEASURE, AND ENSURE VEHICLE & DRIVER SAFETY AS WELL AS EFFICIENCY
TABLE 87 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2017–2020 (USD MILLION)
FIGURE 41 BODY TEMPERATURE SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 88 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY APPLICATION TYPE, 2021–2026 (USD MILLION)
TABLE 89 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 90 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 91 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 92 DETECTION AND MEASUREMENT: THERMAL IMAGING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.2 GAS DETECTION
11.4.2.1 Strict regulations imposed on the oil & gas industry increasing the adoption of thermal imaging cameras
TABLE 93 GAS DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 94 GAS DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 95 GAS DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 96 GAS DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.3 FIRE/FLARE DETECTION
11.4.3.1 Deployment of thermal cameras to reduce human, material, and property losses to boost market
TABLE 97 FIRE/FLARE DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 98 FIRE/FLARE DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 99 FIRE/FLARE DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 100 FIRE/FLARE DETECTION: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.4 BODY TEMPERATURE MEASUREMENT
11.4.4.1 Increasing use of thermal cameras propelling the market growth
TABLE 101 BODY TEMPERATURE MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
FIGURE 42 HEALTHCARE & LIFE SCIENCES VERTICAL EXPECTED TO GROW AT A HIGHER CAGR FROM 2021 TO 2026
TABLE 102 BODY TEMPERATURE MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 103 BODY TEMPERATURE MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 104 BODY TEMPERATURE MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.5 LEVEL MEASUREMENT
11.4.5.1 Use of thermal imaging cameras by technicians to maintain appropriate container or tank levels to boost the market growth
TABLE 105 LEVEL MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 106 LEVEL MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 107 LEVEL MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 108 LEVEL MEASUREMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
11.4.6 PROTOTYPE ASSESSMENT
11.4.6.1 Adoption of thermal imagers for prototype assessment increasing their demand
TABLE 109 PROTOTYPE ASSESSMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 110 PROTOTYPE ASSESSMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 111 PROTOTYPE ASSESSMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 112 PROTOTYPE ASSESSMENT: DETECTION AND MEASUREMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
12 GEOGRAPHIC ANALYSIS
12.1 INTRODUCTION
TABLE 113 THERMAL IMAGING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 114 THERMAL IMAGING MARKET, BY REGION, 2021–2026 (USD MILLION)
FIGURE 43 THERMAL IMAGING MARKET SNAPSHOT
12.2 NORTH AMERICA
FIGURE 44 NORTH AMERICA: THERMAL IMAGING MARKET SNAPSHOT
TABLE 115 NORTH AMERICA: THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 116 NORTH AMERICA: THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 117 NORTH AMERICA THERMAL IMAGING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 118 NORTH AMERICA: THERMAL IMAGING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
12.2.1 US
12.2.1.1 Presence of thermal imaging manufacturing companies to boost the market growth in the US
12.2.2 CANADA
12.2.2.1 Investment in R&D of thermal imaging by the government
12.2.3 MEXICO
12.2.3.1 Wide distribution network
12.3 EUROPE
FIGURE 45 EUROPE: THERMAL IMAGING MARKET SNAPSHOT
TABLE 119 THERMAL IMAGING MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 120 EUROPE: THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 121 EUROPE: THERMAL IMAGING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 122 EUROPE: THERMAL IMAGING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
12.3.1 UK
12.3.1.1 Increasing use of thermal cameras for monitoring and inspecting building structures in the residential and commercial sector
12.3.2 GERMANY
12.3.2.1 Market for thermal imaging expected to witness significant growth
12.3.3 FRANCE
12.3.3.1 Presence of automobile manufacturers spurring the market growth
12.3.4 REST OF EUROPE
12.4 APAC
FIGURE 46 APAC: THERMAL IMAGING MARKET SNAPSHOT
TABLE 123 APAC: THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 124 APAC: THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 125 APAC: THERMAL IMAGING MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 126 APAC: THERMAL IMAGING MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Mass production of thermal imaging products
12.4.2 JAPAN
12.4.2.1 Increase in the use of thermal cameras in the healthcare industry and structural health monitoring applications
12.4.3 INDIA
12.4.3.1 Collaborations, government initiatives, and foreign direct investments spurring the market growth
12.4.4 REST OF APAC
12.5 ROW
TABLE 127 ROW: THERMAL IMAGING MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 128 ROW: THERMAL IMAGING MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 129 ROW: THERMAL IMAGING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 130 ROW: THERMAL IMAGING MARKET, BY REGION, 2021–2026 (USD MILLION)
12.5.1 MIDDLE EAST & AFRICA
12.5.1.1 Ongoing investments in the oil & gas and aerospace & defense industries supporting the market growth
12.5.2 SOUTH AMERICA
12.5.2.1 Increasing demand for monitoring and inspection in the healthcare and life sciences, industrial, and aerospace & defense sectors
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
13.3 REVENUE ANALYSIS
FIGURE 47 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN THE THERMAL IMAGING MARKET
13.4 MARKET SHARE ANALYSIS, 2020
FIGURE 48 THERMAL IMAGING MARKET: MARKET SHARE ANALYSIS (2020)
TABLE 131 THERMAL IMAGING MARKET: DEGREE OF COMPETITION
13.5 COMPANY EVALUATION QUADRANT
13.5.1 STARS
13.5.2 PERVASIVE PLAYERS
13.5.3 EMERGING LEADERS
13.5.4 PARTICIPANTS
FIGURE 49 THERMAL IMAGING MARKET COMPANY EVALUATION QUADRANT, 2020
13.5.5 THERMAL IMAGING MARKET: COMPANY PRODUCT FOOTPRINT
TABLE 132 COMPANY PRODUCT FOOTPRINT
13.5.6 THERMAL IMAGING MARKET: PRODUCT TYPE FOOTPRINT
TABLE 133 COMPANY PRODUCT TYPE FOOTPRINT
13.5.7 THERMAL IMAGING MARKET: APPLICATION FOOTPRINT
TABLE 134 COMPANY APPLICATION FOOTPRINT
13.5.8 THERMAL IMAGING MARKET: REGIONAL FOOTPRINT
TABLE 135 COMPANY REGIONAL FOOTPRINT
13.6 START-UP/SME EVALUATION QUADRANT, 2020
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 50 THERMAL IMAGING MARKET START-UP/SME EVALUATION
QUADRANT, 2020
13.7 COMPETITIVE SCENARIO
13.7.1 EXPANSIONS, ACQUISITIONS, PARTNERSHIPS, AND COLLABORATIONS
TABLE 136 THERMAL IMAGING MARKET: EXPANSIONS, ACQUISITIONS, PARTNERSHIPS, AND COLLABORATIONS, SEPTEMBER 2019-JUNE 2021
13.7.2 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 137 THERMAL IMAGING MARKET, PRODUCT LAUNCHES, JUNE 2019–JUNE 2021
14 COMPANY PROFILES
(Business Overview, Products/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1 INTRODUCTION
14.2 KEY PLAYERS
14.2.1 FLIR SYSTEMS
FIGURE 51 FLIR SYSTEMS: COMPANY SNAPSHOT
14.2.2 FLUKE
FIGURE 52 FORTIVE CORPORATION: COMPANY SNAPSHOT
14.2.3 LEONARDO SPA
FIGURE 53 LEONARDO S.P.A: COMPANY SNAPSHOT
14.2.4 L3HARRIS TECHNOLOGIES
FIGURE 54 L3HARRIS TECHNOLOGIES: COMPANY SNAPSHOT
14.2.5 RAYTHEON TECHNOLOGIES
FIGURE 55 RAYTHEON TECHNOLOGIES: COMPANY SNAPSHOT
14.2.6 XENICS
14.2.7 AXIS COMMUNICATION
FIGURE 56 AXIS COMMUNICATION: COMPANY SNAPSHOT
14.2.8 BAE SYSTEMS
FIGURE 57 BAE SYSTEMS: COMPANY SNAPSHOT
14.2.9 OPGAL
14.2.10 TESTO SE
14.3 OTHER KEY PLAYERS
14.3.1 AMETEK LAND
14.3.2 DIAS INTERNATIONAL
14.3.3 MOVITHERM
14.3.4 ZHEJIANG DALI TECHNOLOGY
14.3.5 HGH INFRARED SYSTEMS
14.3.6 LYNRED
14.3.7 TONBO IMAGING
14.3.8 INFRATEC
14.3.9 COX
14.3.10 CALUMINO®
14.3.11 SEEK THERMAL
14.3.12 TERABEE
14.3.13 C-THERMAL
14.3.14 HIT NANO
14.3.15 EXMAT RESEARCH
14.3.16 CEM INSTRUMENTS
*Details on Business Overview, Products/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 APPENDIX
15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATION
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
ccording to the new market research report on "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", this market is expected to be worth USD 4.04 Billion by 2023 from USD 2.72 Billion in 2017, at a CAGR of 6.73% between 2018 and 2023. 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.
The key players in this industry are:
- 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), among others.
The report profiles the most promising players in the thermal imaging market. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players.
Thermal imaging cameras to hold largest market share during forecast period
Owing to the increase in need for thermal inspections and monitoring in residential and commercial sectors, the use of thermal imaging cameras is on the rise. A thermal imaging camera provides insights into home insulation systems, locates air leaks, spots inadequate insulations, and so on. Additionally, these cameras have been used in perimeter security and tracking applications in most countries around the globe. Cameras accounted for the largest share of ~52% of the overall thermal imaging market in 2017.
Thermal imaging market for monitoring and inspection application to grow at highest CAGR during forecast period
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.
Aerospace & defense vertical to hold largest share of thermal imaging market during forecast period
The thermal imaging market is dominated by the aerospace & defense vertical owing to the growing need for border security for law enforcement. Moreover, thermal imaging scopes and defense solutions conform to the strictest military standards for deployment (land, sea, and air). These solutions are used for thermal scopes, weapon sights and stations, gimbals, UAVs, naval observation, IR sensors, and driver vision enhancers (DVEs) for tanks and military vehicles.
North America to hold largest share of thermal imaging market during forecast period
North America is likely to continue to lead the thermal imaging market; it accounted for the largest share of the global thermal imaging market in 2017. Growing demand for smartphone-based devices and the increasing adoption of thermal imaging in commercial and home automation are driving the growth of the thermal imaging market in the region. Owing to the presence of thermal imaging product manufacturers and R&D centers in the region, demand for thermal imaging is high in North America.
