Thermal Camera Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3430
Thermal Camera Market size is predicted to register significant gains during the forecast years due to its feature of converting infrared rays to visible images that help in providing night vision. Several application sectors, such as aerospace & defense, military, healthcare, traffic surveillance, and public & government institutions, are witnessing high adoption of these products for improving the security of their infrastructure facilities. The usage of Longwave Infrared (LWIR) cameras that offer a sensing ability of around 8-12 μm, helps to detect the enemy base and location during nighttime in military applications. The camera captures infrared radiations, which allows users to spot geo-location and geo-pointing, improving reliability and tactical coordination amongst the military unit. Moreover, the compatibility of these products with drones has accelerated its use in military, aerospace & defense sectors, positively impacting the growth in the thermal camera market.
The increasing usage of these solutions for airport security & passenger safety is expected to drive the thermal camera market over the coming years. In recent years, the utilization of air transport for traveling has increased to a great extent, forcing airport authorities to implement modern security devices for managing the passenger crowd. According to the Airports Council International (ACI), the utilization of airplanes for transportation reached to over 8.2 billion passengers in 2017. The security devices will help authorities to avoid crimes and terror activities as international airports are considered a major target location for infiltrates. Such factors are encouraging the adoption of modern security solutions in the airport, driving the thermal camera market demand. Moreover, in comparison to the traditional camera, thermal devices offer high-resolution pictures even in low-light conditions. It helps to monitor and inspect air terminals’ security during nighttime.
The increasing usage of security solutions in automotive vehicles to avoid road accidents will drive the thermal camera market growth. Automotive manufacturers are developing several modern technologies including ADAS, autonomous vehicles, and night vision system that uses IR cameras for improving safety in assisted driving, propelling the market demand. For instance, FLIR Systems Inc. is offering FLIR ADK, a 640 x 512 resolution camera that is specifically developed for autonomous vehicles and ADAS systems. Some of the major automobile manufacturers that are incorporating these advanced systems in their product offerings include BMW, Audi, Volkswagen, and Mercedes Benz.
Handheld devices are witnessing high demand in the thermal camera market with an increase in the mobility of products that allows users to carry thermal solutions easily. It becomes difficult to analyze the critical temperature of the situation when it comes to smoke and fire. Firefighters make use of handheld thermal cameras, which help to get a clear view of the fire location and rescue operations. Analyzing the place of incident and visualizing the plan of rescue are being performed with the help of these solutions, accelerating the market demand. For instance, FLIR Systems, Inc provides a handheld camera, FLIR K1 Situational Awareness Camera, giving a 360° assessment in total darkness and through the smoke.
The growing usage of these solutions in the healthcare industry is anticipated to accelerate the thermal camera market share. The application of the product in the thermography technique for pre-clinical diagnosis and measures during the treatment of homeostatic imbalances is growing rapidly. Similarly, it is also being widely used for digital mammography that helps to detect tumor and reduce the chances of breast cancer. Moreover, rapid technological advancements and innovations in the healthcare sector for upgrading traditional diagnostic solutions will drive the market size.
The North America thermal camera market is witnessing high growth due to rise in the adoption of the technology in several industry sectors. Countries including the U.S and Canada are preliminary adopters of advanced technology. The region consists of some major thermal camera market players who are partnering with government organizations to provide solutions for military use. For instance, in March 2019, Leonardo DRS announced that it received USD 67 million to manufacture Second Generation-Forward Looking Infrared (SG-FLIR) sensor to be installed in M1A1 Abrams tanks. The adoption of thermal solutions in tanks will provide a clear view of the warfare situation even in dark light conditions. The growing demand for long-range scout surveillance systems in darkness and through a multitude of environmental conditions including smoke, rain, snow, dust, and dense fog will drive the market demand. The increase in such military investments for modern armaments is providing a great opportunity for industry players.
The key players in the thermal camera market include Opgal, Lynred, Axis Communications AB, Zhejiang Dali Technology Co. Ltd, FLIR Systems, Inc., and SATIR. Players in the market are engaged in developing advanced technologies that will enhance and improve security surveillance in different application segments. For instance, in January 2019, Caterpillar Inc. announced the launch of a mobile phone that is integrated with 13 MP thermal camera for monitoring and diagnosing problems more quickly in industrial facilities.
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