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, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI2654  |  Authors: Preeti Wadhwani, Saloni Gankar

Report Format: PDF   |   Pages: 450   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Thermal Imaging Market size crossed USD 7 billion in 2019 and is anticipated to grow at a CAGR of over 19% between 2020 and 2026. The global shipments are forecast to reach 7.5 million units by 2026. The rapid adoption of thermal imaging technology among various end-use verticals, such as automotive, government & defense, and healthcare & life science, to monitor critical infrastructure and enhance security will drive the market growth.
 

Thermal Imaging Market

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Terrorist activities have been causing great losses for government agencies and non-governmental organizations globally. Increasing terrorism, geopolitical tension, instability, and cross-border terrorism have raised severe concerns on the capability and efficiency of border patrol and soldiers. The need for soldier modernization programs and upgrade of military equipment will drive the demand for thermal imaging market. The technology helps armed forces to defend the borders during extreme weather conditions and nightfall.
 

The coronavirus (COVID-19) pandemic has increased the demand for thermal imaging solutions from the healthcare and transportation industries. Several market players are developing innovative solutions that are incorporated with AI. In May 2020, Honeywell International, Inc. introduced an AI-enabled thermal imager that detects elevated body temperatures at the entryway of factories, airports, distribution centers, and other commercial buildings. With strict social distancing norms being implemented in several economies, the market demand for such thermal imagers will gain prominence at public places and airports to trace patients.
 

Thermal Imaging Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 7 Billion
Historical Data for: 2016 to 2018 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 19% 2026 Value Projection: USD 16 Billion
Pages: 450 Tables, Charts & Figures: 637
Geographies covered (20): U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, South Korea, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Israel
Segments covered: Product, Technology, End-Use, Application and Region
Companies covered (25): 3M 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.
Growth Drivers:
  • Growing demand for surveillance across several verticals globally
  • Gradual decrease in cost of thermal imaging products
  • Rise in military spending among Asia Pacific & Middle Eastern countries
  • Integration of thermal imaging in autonomous vehicles in the U.S. and Europe
  • Usage of thermal imaging for building surveys in the Europe
  • Growing awareness of thermal imaging in Latin America to combat crimes
  • Demand across oil & gas industries in the Middle East
Pitfalls & Challenges:
  • High cost of devices
  • Stringent export and import regulations
  • Lack of accuracy

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Adoption of handheld thermal imaging solutions to ensure the safety and quality at high resolutions

The U.S. thermal imaging market, handheld/portable cameras will expand at more than 10% CAGR through 2026. These cameras are used in applications where visual camouflage or fog hinders the vision. Major market applications of handheld products are in the government & defense sector for the identification of potential threats during day and night. For the search & rescue team, handheld thermal imagers provide clear images in total darkness. The need to deliver mission-critical information to save lives has led to the high adoption of these rugged and portable systems to reveal the location of the victims.
 

Portable thermal imagers have also gained traction in research-related purposes for planned quality control, preventive maintenance, energy conservation, and environmental control. The U.S. Geological Survey (USGS) scientists use high-resolution portable cameras in surface or groundwater interaction studies and investigations. Cameras are used to locate and characterize heat anomalies in lakes, streams, and adjacent structures. The compact size of cameras allows hydrologists to rapidly identify real-time variations in temperature at high-resolution at remote field sites. This trend in military application is expected to propel the market growth.
 

Cooled thermal imagers to witness industry demand due to features such as high-resolution and sensitivity

The Europe cooled thermal imaging market size is predicted to witness a growth rate of around 9% during the forecast timespan. These cameras have an imaging sensor, electronics for interfacing & onboard image processing, and a cryocooler. The integration of cryocooler can detect the slightest temperature variations and reduce the sensor temperature to around 200° Celsius. The cameras provide image quality, high sensitivity, and frame rate for research applications.
 

The UK, Germany, and France are increasingly adopting expensive cooled thermal imaging solutions which include cryogenic cooling units. The demand for cooled camera is propelling due to growing applications across manufacturing plants, healthcare facilities and automobiles. The superior sensitivity feature of cooled cameras helps in long-range imaging and low-contrast scenes. The market demand is anticipated to increase in other critical infrastructures such as airports, pipelines, high security buildings, nuclear power plants and correction facilities. Thermal imaging products are useful for detection of challenges faced in the hidden compartments of such infrastructure.
 

Increasing installations of thermal cameras in high security and critical infrastructure settings

Spain Thermal Imaging Market By Application

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For security & surveillance purposes, thermal imaging solutions are being widely used in utility, marine, oil & gas, and critical infrastructure environments for process safety and offshore threat detection. High-powered thermal perimeter security cameras monitor and safeguard assets effectively. They are also used for intruder detection in facilities, solar farms, and prisons. The Abertura Solar Park, a solar plant in Spain has installed 27 FLIR Systems thermal imaging cameras to protect its nine-kilometer-long perimeter.
 

Ongoing COVID-19 pandemic will boost the thermal imaging market demand

In the healthcare industry, several researchers are deploying thermal cameras to capture and measure human temperature owing to ongoing COVID-19 pandemic. These cameras aid in detecting temperature with precision and detail. The technology is also used to detect several other illnesses, wherein skin temperatures reflect the underlying tissue inflammation or variations in blood flow.
 

In September 2019, healthcare facilities in France adopted infrared thermography as a substitution to X-rays in mammograms for screening breast cancer. The infrared thermography is less invasive and painless compared to mammography. It detects temperature differences on the body’s surface. The growing adoption of thermal imaging technology in healthcare & life science sector will drive further innovations in neonatal care.
 

Growing industrialization and manufacturing sector in Asia Pacific will surge the market expansion

Asia Pacific Thermal Imaging Market By Country

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The Asia Pacific thermal imaging market accounted for around 25% revenue share in 2019 due to its growing adoption in automotive sector in the region. Increasing population and rising needs for high-quality and improved transportation are driving the regional automotive industry. Automakers have been focusing on improving designs and incorporating the latest technology solutions such as LiDAR, Radar, and thermal imaging for better driver assistance. Road tracking systems and night vision cameras are witnessing a promising market demand across high-end vehicles in the region.
 

China, India, and South Korea are investing heftily to upgrade their military weapons to defend their borders. Players in the market are developing several solutions for military operations, depending on the specifications and operations of these defense sectors. China’s military spending is increasing at a rapid pace. The country is adopting advanced military weapons to strengthen its military presence around the world. The country is the second-largest military spending economy in the world.
 

Product innovation remains as the key growth strategy for market players

Companies are focusing on launching robust products to strengthen their market presence. For instance, in March 2020, Seek Thermal launched the Seek Scan, an affordable and simple imaging system to automate body temperature screening. The solution is specifically developed to deliver precise skin temperature measurements while maintaining social distancing measures. Increasing competition from major players to offer technologically developed solutions will drive the industry growth.
 

Key players operating in the industry include 3M Scott, BAE Systems Imaging Solutions, FLIR Systems, Inc., Axis Communications (parent Canon, Inc.), Leonardo DRS, Raytheon Company, L3 Technologies, Inc., Seek Thermal, Fluke Corporation, and Tonbo Imaging.
 

The thermal imaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2016 to 2026 for the following segments:
 

Market, By Product

  • Fixed/ mounted core
  • Handheld/ portable camera
  • Scopes & vision googles

Market, By Technology

  • Cooled
  • Uncooled

Market, By End-Use

  • Automotive
  • Commercial
  • Government & defense
  • Healthcare & life sciences
  • Industrial
  • Residential
  • Others

Market, By Application

  • Detection & measurement
  • Monitoring & inspection
  • Personal vision systems
  • Search & rescue
  • Security & surveillance
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
       

Frequently Asked Questions (FAQ) :

The market size of thermal imaging crossed USD 7 billion in 2019.
The industry share of thermal imaging is anticipated to grow at a CAGR of over 19% between 2020 and 2026.
The cooled technology segment in the European market is predicted to witness a growth rate of around 9% during the forecast timespan.
According to the analysts at GMI, the handheld/portable cameras segment in the U.S. market will expand at more than 10% CAGR through 2026.
Several researchers are deploying thermal cameras to capture and measure human temperature owing to ongoing COVID-19 pandemic. These cameras aid in detecting temperature with precision and detail. The technology is also used to detect several other illnesses, wherein skin temperatures reflect the underlying tissue inflammation or variations in blood flow.
Key players operating in the industry include 3M Scott, BAE Systems Imaging Solutions, FLIR Systems, Inc., Axis Communications (parent Canon, Inc.), Leonardo DRS, Raytheon Company, L3 Technologies, Inc., Seek Thermal, Fluke Corporation, and Tonbo Imaging.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 450
  • Tables: 605
  • Charts / Figures: 32
  • Companies covered: 25
  • Countries covered: 20

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