
Thermal Imaging Market
Thermal Imaging - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Thermal Imaging market is accounted for $2.90 billion in 2018 and is expected to reach $5.90 billion by 2027 growing at a CAGR of 8.2% during the forecast period. Some of the key factors propelling the market growth are the decrease in the average selling price of these cameras, rising government expenditure on aerospace & defence industries, and the incorporation of camera modules with smart phones. However, export restriction imposed on these products and high costs of these devices are the restraining factor for the growth of the market.
Thermal Imaging is the procedure of improving visibility and clarity of objects even in dark by identifying an object or an image utilizing infrared light. Emergence of thermal imaging has helped organizations decrease their down time. Organizations no longer would need to shut down their operational systems even during thermal audit. It aids organizations save lot money by helping them detect defective components at the beginning itself. Besides this, the procedure is totally non-invasive and includes zero physical contact. Consequently, there is no harm caused to the devices exposed to thermal surveys.
By application, monitoring and inspection segment is expected to grow at the significant market share during the forecast period due to the increasing adoption of thermal cameras in commercial, residential, and industrial sectors. They are utilized as a maintenance tool for monitoring and inspection application in different buildings, historical monuments, and industrial equipment. Besides, they are significantly in demand from these sectors to monitor the structural health of buildings and equipment.
On the basis of geography, North America is anticipated to hold considerable market share during the forecast period as the thermal cameras are utilized by maintenance operators for monitoring and inspection of business and residential buildings. North America is home to various historical monuments, commercial as well as residential buildings, and different process and manufacturing industries.
Some of the key players in Thermal Imaging Market include Axis Communications AB, BAE Systems, FLIR Systems Inc, Fluke Corporation, L3HARRIS TECHNOLOGIES INC, Leonardo S.p.A., Opgal, Testo SE & Co KGaA, United Technologies and Xenics.
Solutions Covered:
• Software
• Hardware
• Services
Wavelengths Covered:
• Short-Wave Infrared (SWIR)
• Mid-Wave Infrared (MWIR)
• Long-Wave Infrared (LWIR)
Products Covered:
• Thermal Cameras
• Thermal Scopes
• Thermal Modules
• Fixed/Mounted Cores
• Scopes & Vision Goggles
Technologies Covered:
• Cooled
• Uncooled
Applications Covered:
• Security and Surveillance
• Monitoring and Inspection
• Detection and Measurement
• Personal Vision Systems
• Search & Rescue
• Firefighting
• Intelligent Transportation System
• Surveys
• Research & Development
End Users Covered:
• Industrial
• Commercial
• Military
• Electronics
• Residential
• Aerospace & Defense
• Automotive
• Healthcare & Life Sciences
• Oil & Gas
• Food & Beverages
• Government
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Thermal Imaging Market, By Solution
5.1 Introduction
5.2 Software
5.3 Hardware
5.4 Services
6 Global Thermal Imaging Market, By Wavelength
6.1 Introduction
6.2 Short-Wave Infrared (SWIR)
6.3 Mid-Wave Infrared (MWIR)
6.4 Long-Wave Infrared (LWIR)
7 Global Thermal Imaging Market, By Product
7.1 Introduction
7.2 Thermal Cameras
7.3 Thermal Scopes
7.4 Thermal Modules
7.5 Fixed/Mounted Cores
7.6 Scopes & Vision Goggles
8 Global Thermal Imaging Market, By Technology
8.1 Introduction
8.2 Cooled
8.3 Uncooled
9 Global Thermal Imaging Market, By Application
9.1 Introduction
9.2 Security and Surveillance
9.2.1 Perimeter Security
9.2.2 Unmanned Aerial Vehicle (UAV)
9.2.3 Tracking
9.3 Monitoring and Inspection
9.3.1 Machine Condition Monitoring
9.3.2 Structural Health Monitoring
9.3.3 Quality Assessment
9.3.4 HVAC System Inspection
9.4 Detection and Measurement
9.4.1 Gas Detection
9.4.2 Fire/Flare Detection
9.4.3 Body Temperature Measurement
9.4.4 Level Measurement
9.4.5 Prototype Assessment
9.5 Personal Vision Systems
9.6 Search & Rescue
9.7 Firefighting
9.8 Intelligent Transportation System
9.9 Surveys
9.10 Research & Development
10 Global Thermal Imaging Market, By End User
10.1 Introduction
10.2 Industrial
10.3 Commercial
10.4 Military
10.5 Electronics
10.6 Residential
10.7 Aerospace & Defense
10.8 Automotive
10.9 Healthcare & Life Sciences
10.10 Oil & Gas
10.11 Food & Beverages
10.12 Government
11 Global Thermal Imaging Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Axis Communications AB
13.2 BAE Systems
13.3 Calumino
13.4 COX
13.5 C-Thermal
13.6 FLIR Systems Inc
13.7 Fluke Corporation
13.8 Hgh Infrared Systems
13.9 L3HARRIS TECHNOLOGIES INC
13.10 Leonardo S.p.A.
13.11 Lynred
13.12 Opgal
13.13 Seek Thermal
13.14 Terabee
13.15 Testo SE & Co KGaA
13.16 Thermoteknix Systems Ltd
13.17 Tonbo Imaging
13.18 United Technologies
13.19 Xenics
13.20 Zhejiang Dali Technology Co Ltd
13.21 Zhejiang Ulirvision Technology Co Ltd
List of Tables
1 Global Thermal Imaging Market Outlook, By Region (2017-2027) ($MN)
2 Global Thermal Imaging Market Outlook, By Solution (2017-2027) ($MN)
3 Global Thermal Imaging Market Outlook, By Software (2017-2027) ($MN)
4 Global Thermal Imaging Market Outlook, By Hardware (2017-2027) ($MN)
5 Global Thermal Imaging Market Outlook, By Services (2017-2027) ($MN)
6 Global Thermal Imaging Market Outlook, By Wavelength (2017-2027) ($MN)
7 Global Thermal Imaging Market Outlook, By Short-Wave Infrared (SWIR) (2017-2027) ($MN)
8 Global Thermal Imaging Market Outlook, By Mid-Wave Infrared (MWIR) (2017-2027) ($MN)
9 Global Thermal Imaging Market Outlook, By Long-Wave Infrared (LWIR) (2017-2027) ($MN)
10 Global Thermal Imaging Market Outlook, By Product (2017-2027) ($MN)
11 Global Thermal Imaging Market Outlook, By Thermal Cameras (2017-2027) ($MN)
12 Global Thermal Imaging Market Outlook, By Thermal Scopes (2017-2027) ($MN)
13 Global Thermal Imaging Market Outlook, By Thermal Modules (2017-2027) ($MN)
14 Global Thermal Imaging Market Outlook, By Fixed/Mounted Cores (2017-2027) ($MN)
15 Global Thermal Imaging Market Outlook, By Scopes & Vision Goggles (2017-2027) ($MN)
16 Global Thermal Imaging Market Outlook, By Technology (2017-2027) ($MN)
17 Global Thermal Imaging Market Outlook, By Cooled (2017-2027) ($MN)
18 Global Thermal Imaging Market Outlook, By Uncooled (2017-2027) ($MN)
19 Global Thermal Imaging Market Outlook, By Application (2017-2027) ($MN)
20 Global Thermal Imaging Market Outlook, By Security and Surveillance (2017-2027) ($MN)
21 Global Thermal Imaging Market Outlook, By Perimeter Security (2017-2027) ($MN)
22 Global Thermal Imaging Market Outlook, By Unmanned Aerial Vehicle (UAV) (2017-2027) ($MN)
23 Global Thermal Imaging Market Outlook, By Tracking (2017-2027) ($MN)
24 Global Thermal Imaging Market Outlook, By Monitoring and Inspection (2017-2027) ($MN)
25 Global Thermal Imaging Market Outlook, By Machine Condition Monitoring (2017-2027) ($MN)
26 Global Thermal Imaging Market Outlook, By Structural Health Monitoring (2017-2027) ($MN)
27 Global Thermal Imaging Market Outlook, By Quality Assessment (2017-2027) ($MN)
28 Global Thermal Imaging Market Outlook, By HVAC System Inspection (2017-2027) ($MN)
29 Global Thermal Imaging Market Outlook, By Detection and Measurement (2017-2027) ($MN)
30 Global Thermal Imaging Market Outlook, By Gas Detection (2017-2027) ($MN)
31 Global Thermal Imaging Market Outlook, By Fire/Flare Detection (2017-2027) ($MN)
32 Global Thermal Imaging Market Outlook, By Body Temperature Measurement (2017-2027) ($MN)
33 Global Thermal Imaging Market Outlook, By Level Measurement (2017-2027) ($MN)
34 Global Thermal Imaging Market Outlook, By Prototype Assessment (2017-2027) ($MN)
35 Global Thermal Imaging Market Outlook, By Personal Vision Systems (2017-2027) ($MN)
36 Global Thermal Imaging Market Outlook, By Search & Rescue (2017-2027) ($MN)
37 Global Thermal Imaging Market Outlook, By Firefighting (2017-2027) ($MN)
38 Global Thermal Imaging Market Outlook, By Intelligent Transportation System (2017-2027) ($MN)
39 Global Thermal Imaging Market Outlook, By Surveys (2017-2027) ($MN)
40 Global Thermal Imaging Market Outlook, By Research & Development (2017-2027) ($MN)
41 Global Thermal Imaging Market Outlook, By End User (2017-2027) ($MN)
42 Global Thermal Imaging Market Outlook, By Industrial (2017-2027) ($MN)
43 Global Thermal Imaging Market Outlook, By Commercial (2017-2027) ($MN)
44 Global Thermal Imaging Market Outlook, By Military (2017-2027) ($MN)
45 Global Thermal Imaging Market Outlook, By Electronics (2017-2027) ($MN)
46 Global Thermal Imaging Market Outlook, By Residential (2017-2027) ($MN)
47 Global Thermal Imaging Market Outlook, By Aerospace & Defense (2017-2027) ($MN)
48 Global Thermal Imaging Market Outlook, By Automotive (2017-2027) ($MN)
49 Global Thermal Imaging Market Outlook, By Healthcare & Life Sciences (2017-2027) ($MN)
50 Global Thermal Imaging Market Outlook, By Oil & Gas (2017-2027) ($MN)
51 Global Thermal Imaging Market Outlook, By Food & Beverages (2017-2027) ($MN)
52 Global Thermal Imaging Market Outlook, By Government (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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