The global Thermal Imaging Market accounted for USD 10.28 Billion in 2020 and is expected to reach USD 17.71 Billion by 2028, growing at a CAGR of 6.8% from 2021 to 2028.
The Thermal Imaging market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2016 to 2019 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study comprises drivers, restraints, and opportunities in the Thermal Imaging market along with the impact on the demand over the forecast period.
The report provides the complete view of the Thermal Imaging market and encompasses detailed type portfolio and strategic developments of key vendors. To know the competitive landscape of the Thermal Imaging market, an analysis of Porter’s five forces model is done.
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The study provides a decisive view on the thermal imaging market by segmenting the market based on component, applications, end-user and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028. Based on the component the market is segmented into software, hardware, and services. Key application market covered under this study includes surveillance & security, maintenance & monitoring, automotive, traffic monitoring, healthcare, and others.
The regional segmentation includes the current and forecast demand for Asia Pacific, Europe, North America, Latin America and the Middle East & Africa with its further bifurcation into major countries including China, Japan, India, UK, France, Germany, U.S., and Brazil. This segmentation includes demand for thermal imaging based on individual applications in all the regions and countries.
Demand for thermal imaging was highest in North America, with around 30% of the market share in 2020. North America was followed by Europe and Asia-Pacific in terms of demand. In terms of revenue, Asia Pacific was the fastest-growing region within the forecast period. Europe is predicted to grow at a moderate rate due to the increased adoption of thermal imaging devices for commercial security and enforcement activities.
Some of the key players in the thermal imaging market include Flir Systems, Danaher, L-3 Communications Holdings, Inc., Drs Technologies, Raytheon, Bullard, BAE Systems Inc., Axis, Thermoteknix, Sofradir Group, Testo Ag, CI Infrared Cameras, Inc., Nippon Avionics Co. Ltd., Honeywell International, Inc., and Infratec.
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The global Thermal Imaging Market is segmented as follows:
- Surveillance & Security
- Maintenance &Monitoring
- Traffic Monitoring
- Military & Defense
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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