Thermal Imaging Market Size By Product (Handheld/Portable Camera, Fixed/Mounted Core, Scopes & Vision Goggles), By Technology (Cooled, Uncooled), By End-Use (Automotive, Commercial, Government & Defense, Healthcare & Life Science, Industrial, Residential), By Application (Detection & Measurement, Monitoring & Inspection, Personal Vision System, Search & Rescue, Security & Surveillance), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, South Korea, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, Israel, South Africa), Application Potential, Competitive Market Share & Forecast, 2018 – 2024

Published Date: Jun 2018  |  Report ID: GMI2654  |  Authors: Ankita Bhutani, Pallavi Bhardwaj

Report Format: PDF   |   Pages: 500   |   Base Year: 2017

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Thermal Imaging Market size crossed USD 5.5 billion in 2017 and is set to attain around 8% growth estimation from 2018 to 2024. The global shipments are forecast to reach 4 million units by 2024.

UK thermal imaging market size, by end-use, 2017 & 2024 (USD Million)

UK thermal imaging market size, by end-use, 2017 & 2024 (USD Million)

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The rising demand for thermal cameras in the military and automotive sector is expected to drive the thermal imaging market over the coming years. The growing popularity of Unmanned Aerial Vehicles (UAVs) equipped with highly advanced video cameras in military & civilian operations is being witnessed as the technology aids the aircraft to fly in the darkness and also helps in detecting the target through clouds and smoke. Moreover, the reduction in the average selling price of these cameras and the integration of camera modules with smartphones are anticipated to drive the industry growth. For instance, the development of ruggedized thermal imaging smartphones, such as the Caterpillar Cat S61, enables novices to easily use the device due to its touchscreen operability.

The growing defense spending by the U.S. government will drive the regional thermal imaging market growth. According to the Stockholm International Peace Research Institute (SIPRI), the U.S. held the first position in military spending with an increase of 1.7% from the previous year to a total military spending of USD 611 billion in 2016, representing 36% of the military spending worldwide. The ongoing soldier modernization programs and an increase in the military spending to enhance vision scopes and weapon sights are positively impacting the market growth. In March 2018, the U.S. Army placed two orders with BAE Systems to provide new thermal weapon sights and night vision goggles, together totaling USD 97 million. The new scopes and goggles will enable soldiers to covertly and rapidly acquire targets in all lighting and weather conditions. The orders are a part of the 2015 five-year contract with BAE systems for USD 434 million, for the Army’s Family of Weapon Sight-Individual (FWS-I) and Enhanced Night Vision Goggle III (ENVG III) program.

Thermal Imaging Market Report Coverage
Report Coverage Details
Base Year: 2017
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Pages: 500 Tables, Charts & Figures: 544
Geographies covered (20): U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, South Korea, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, Israel, South Africa
Segments covered: Product, Technology, End-Use, Application and Region
Companies covered (25): M Scott Fire & Safety, American Technologies Networking Corporation, Allied Vision Technologies GmbH, Avon Protection Systems, Inc., Axis Communications Ab, BAE Systems, Cox, Dragerwerk AG & Co. KGaA, FLIR Systems, Inc., Fluke Corporation, General Starlight Company, Inc., L3 Technologies, Leonardo DRS, Magnity Electronics Co. Ltd., Opgal Optronic Industries Ltd., Palmer Wahl Instrumentation Group, Raytheon Company, Seek Thermal, Inc., Testo SE & Co. KGaA, Thermoteknix Systems, Tonbo Imaging, ULIS, Wuhan Guide Infrared Co. Ltd., Xenics NV, Zhejiang Dali Technology Co. Ltd.,

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By Product

The healthcare and life sciences segment has been particularly receptive to portable/handheld imagers owing to the shift toward Electronic Health Records (EHR) practices and increased focus on patient safety. Medical applications are anticipated to offer substantial growth opportunities for the handheld imager market over the forecast period given the benefits of thermal imaging in diagnostics and visualizations. In addition, the miniaturization of the product addresses the growing concerns of lightweight devices in the healthcare segment. Popular smartphone dongles for imaging include the FLIR One and SEEK Thermal Compact, which are available at a fraction of the cost of handheld imagers, intensifying the price competitiveness in the industry. However, the inability of thermal cameras to function effectively in the presence of glass and water, particularly at high temperatures, may challenge the market size.

By Technology

Asia Pacific thermal imaging market size, by technology, 2017

Asia Pacific thermal imaging market size, by technology, 2017

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Cooled thermal imagers are bulky and expensive due to the need for cryogenic cooling units; however, they provide sensitivity and are largely suitable for low-contrast long-range imaging applications. Airports, pipelines, nuclear power plants, correctional facilities, high-security buildings, and other sensitive areas also benefit from the enhanced image quality offered by cooled thermal cameras. The integration of cooled thermal camera cores into CCTV cameras offers enhanced surveillance for critical infrastructure applications. They are predominantly used in military applications and are restricted from being used in commercial applications under export regulations owing to concerns over misuse. Furthermore, cryogenic coolers require servicing after about 10,000 hours of operation, which may hinder the adoption across price and time-sensitive application segments. The segment is expected to witness a surge in the demand across maritime and land surveillance applications, offering several growth opportunities to the thermal imaging market players.

By End-Use

Automotive diagnostics also represents a major segment, driving the demand for thermal imaging market. The device can be used by engineers to validate the efficiencies of HVAC systems, improve the designs of airbag systems, perform quality checks on bonds and welds, and quantify thermal impacts on tire wear, among other uses. High-end automakers including BMW, Porsche, and Audi, have been fitting their cars with thermal imaging sensors for several years. The technology alerts drivers about the presence of people or animals on the road at night, which may not be within reach of the car's headlights. Moreover, manufacturers are developing such advanced solutions that assist drivers during night-time driving. The ADAS is integrated with night vision cameras that use thermal technology. Increasing road safety regulations and programs are driving the adoption of such technologies in the automotive sector.

By Application

The demand for these imaging solutions across detection applications has gained traction over the past few years owing to the decline in the price of uncooled thermal cameras and the availability of the technology for commercial uses. Detection & measurement applications in the thermal imaging market will witness a growth of 7% CAGR over the forecast timespan. The benefits of these cameras are non-contact detection & measurement and quick, safe, and efficient decision making across critical infrastructure and medical diagnostic applications. Thermal imaging temperature measurement across manufacturing and production industries provides the capability to economically achieve high product quality by constant measurement of the product temperature, which are often critical in certain processes. Moreover, thermographic detection applications across city surveillance, commercial, and residential end-users for perimeter security and intruder awareness are offered by a bullet and pan-tilt-zoom fixed thermal cameras. For example, the FLIR FB-Series ID, fixed bullet thermal camera combined with onboard analytics, for sterile-zone monitoring, and wide area & narrow perimeter detection. Such trends are expected to favorably impact the segment growth over the forecast period.

By Region

Europe thermal imaging industry size, by country, 2024

Europe thermal imaging industry size, by country, 2024

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The adoption of the imaging technique across residential applications in the European thermal imaging market will be witnessed over the coming years. The decline in the price of smart home devices, the ubiquity of wireless connection, and the rising trend of home automation will drive down the cost of residential imaging solutions. Moreover, the region is witnessing a growing usage of cooled cameras that are bulkier and expensive due to the requirement of cryogenic cooling units. They are preferably used in automotive, special industrial detection, healthcare, and life sciences applications to provide superior imagery. The integration of cooled thermal camera cores into CCTV cameras offers enhanced surveillance for critical infrastructure applications.

Competitive Market Share

Prominent vendors identified in the ecosystem include 3M Scott, Axis Communications (parent Canon Inc.), Raytheon Company, L3 Technologies, Inc., Leonardo DRS, Fluke Corporation, FLIR Systems, Inc., BAE Systems Imaging Solutions, Tonbo Imaging, Seek Thermal, and ULIS, among others. The market is consolidated in nature, with companies providing customized solutions to their clients. They provide several advanced technologies across  maritime, air, cyber, and land domains. The development of alternative uses of thermographic imagery such as drone, UAV, and smartphone integration are being witnessed in the industry, with several start-ups offering diverse products.

Industry Background

Thermal Imaging Market Segmentation

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The thermal imaging industry is characterized by stiff competition among vendors on price differentiation and technology innovations. The supplier power has been relatively low due to the availability of a large number of suppliers for generic components and the production for critical components by the vendors themselves. Partnerships enable thermal imaging camera manufacturers to gain necessary expertise in the field. Vertical integration enables to control the cost, design, and time of procurement of critical components. New entrants in the industry have been targeting niche application segments such as consumer electronic device integration and residential thermal cameras.

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