Thermal Imaging Market by Type (Fixed Camera and Handheld Camera), Technology (Cooled and Uncooled), Wave [(Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR) and Long-Wave Infrared (LWIR)], End User (Aerospace & Defense, Healthcare & Life Sciences, Oil & Gas, Food & Beverages, and Others) Application (Security & Surveillance, Monitoring & Inspection, Detection & Measurement), Global Market Size Estimates and Forecast (2022-2030)
The thermal imaging market is expected to cross US$ 3.4 billion mark in 2022 and is projected to hit US$ 5.3 billion by 2030, recording a CAGR of 5.8% during the forecast period.
Thermal Imaging Market has been significantly growing with the increasing concerns for security and safety in residential sector
Infrared scanning enables energy accessors to determine whether the insulation in the building construction is effective. The thermograms provide information about where insulation in a building is required. The thermographic scans can also identify roof leaks. Even the house purchasers also opt for thermal scanning before house purchasing as, new houses can also have defects in thermal envelopes. Some house purchasers now even include clause in contract for thermal scanning of the house. Thus, rising concerns for security and safety in residential sector is driving the thermal imaging market growth.
Within the report, the thermal imaging market is segmented into type, technology, wave, end user, application and geography. By type, the market is bifurcated into fixed camera and handheld camera. On the basis of technology, the thermal imaging market is bifurcated into cooled and uncooled. Based on wave, thermal is segmented into short-wave infrared (SWIR), mid-wave infrared (MWIR) and long-wave infrared (LWIR). On the basis of end user, the market is characterized into aerospace & defense, healthcare & life sciences, oil & gas, food & beverages, and others. Based on application, the thermal imaging market is segmented into security & surveillance, monitoring & inspection, detection & measurement. Geographically, the thermal imaging market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Thermal Imaging is a far-reaching technology that empowered the growth of futuristic innovations.
Thermal imaging offers data to diagnose energy efficiency and air tightness of a building. It can be related in identifying of leakage of air through walls, chimneys, roofs and attics. It is also helpful in detecting poorly sealed windows, doors and all the areas having lack of insulation.
Rising adoption in various industries is one of the major factors accelerating the thermal imaging market growth.
The end user industries in the thermal imaging market are aerospace & defense, healthcare & life sciences, oil & gas, food & beverages, and others. These industries are adopting thermal imaging actively in their business. For instance, in food & beverages the thermal imaging use is increasing, due to the increasing demand to control the temperature of goods throughout the process from production, transportation, storage to sales. As food & beverages are considered as perishable goods, it is required for food processors to use tools that provide information about the quality of food such as improperly cooked, tainted or rotten. Companies such as FLIR Systems Inc and DIAS International offer thermal imaging solutions for food & beverages. Thus, adoption of thermal imaging in aforesaid industries is providing lucrative growth opportunities to the thermal imaging market.
Recent strategic developments in thermal imaging market
The thermal imaging market has undergone several significant developments, and a few of these have been mentioned below:
- In June 2022, FLIR Systems announced the launch of its E52 handheld thermal imaging camera.
- March 2022, Satellite Vu announced that the company will launch its satellite constellation with thermal imaging with US$ 21million a round.
The thermal imaging market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships Flir Systems, Inc.; Fluke Corporation; BAE Systems; L-3 Communications Holdings, Inc.; DRS Technologies, Inc.; AXIS Communications; Honeywell International, Inc.; Thermoteknix Systems Ltd; Testo AG; and Raytheon Company are among the prominent players operating in the thermal imaging market.
Target audience for the thermal imaging market report:
- Raw material providers
- Semiconductor component suppliers
- Thermal imaging manufacturers
- Thermal imaging distributors and sales firms
- End users of thermal imaging
Scope of the report:
In this report, the thermal imaging market has been segmented on the basis of:
- Type:
- Fixed Camera
- Handheld Camera
- Technology
- Cooled
- Uncooled
- Wave
- Short-Wave Infrared (SWIR)
- Mid-Wave Infrared (MWIR)
- Long-Wave Infrared (LWIR)
- End User
- Aerospace & Defense
- Healthcare & Life Sciences
- Oil & Gas
- Food & Beverages
- Others
- Application
- Security & Surveillance
- Monitoring & Inspection
- Detection & Measurement
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- FLIR Systems, Inc.
- Fluke Corporation
- BAE Systems
- Honeywell International, Inc.
- Raytheon
Companies profiled
- FLIR Systems, Inc.
- Fluke Corporation
- BAE Systems
- Honeywell International, Inc.
- Raytheon