The Global Thermal Imaging Market was valued at USD 7.92 billion in 2016 and is projected to reach USD 13.39 billion by 2025, growing at a CAGR of 6.01% from 2017 to 2025.
Thermal imaging is a method of improving visibility of objects in a dark environment by detecting the objects' infrared radiation and creating an image based on that information. Thermal imaging works in environments without any ambient light and can penetrate obscurants such as smoke, fog and haze. Thermal imaging can spot electric issues, identify thermal performance, capable of capturing moving targets in real-time, detects objects in dark, and is able to find deterioration.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing demand for thermal imaging solutions
1.2 Evolution of integrated solutions
1.3 Rising demand for thermal imaging cameras in commercial applications
1.4 Reduced costs of thermal cameras
2. Market Restraints
2.1 Designing highly accurate cameras
2.2 Budget constraints
2.3 Competition with alternative technologies
Market Segmentation:
The Global Thermal Imaging Market is segmented on the application, end user, component, and region.
1. By Application:
1.1 Threat detection
1.2 Surveillance
1.3 Predictive maintenance, Radiology
1.4 Commercial and residential security
1.5 Personal vision, Veterinary
1.6 Research and development
1.7 Surveys
1.8 Intelligent transportation system
1.9 Firefighting
1.10 Automotive
2. By End User:
2.1 Industrial, commercial, and residential
2.2 Military and defense
3. By Component:
3.1 Software
3.2 Hardware
3.3 Services
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. DRS Technologies, Inc.
2. Thermoteknix Systems Ltd.
3. Honeywell International, Inc.
4. BAE Systems
5. Raytheon Company
6. L-3 Communications Holdings, Inc.
7. AXIS Communications
8. Fluke Corporation (Fortive Corporation)
9. Flir Systems, Inc.
10. Testo AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Thermal Imaging Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
INTRODUCTION OF GLOBAL THERMAL IMAGING MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL THERMAL IMAGING MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL THERMAL IMAGING MARKET BY APPLICATION
5.1 Threat detection
5.2 Surveillance
5.3 Predictive maintenance, Radiology
5.4 Commercial and residential security
5.5 Personal vision, Veterinary
5.6 Research and development
5.7 Surveys
5.8 Intelligent transportation system
5.9 Firefighting
5.10 Automotive
6 GLOBAL THERMAL IMAGING MARKET BY END USER
6.1 Industrial, commercial, and residential
6.2 Military and defense
7 GLOBAL THERMAL IMAGING MARKET BY COMPONENT
7.1 Software
7.2 Hardware
7.3 Services
8 GLOBAL THERMAL IMAGING MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
8.5.1 Brazil
8.5.2 Argentina
8.6 Rest of the World Regional Market Estimates and Forecasts, 2012 â€" 2025
9 GLOBAL THERMAL IMAGING MARKETCOMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Share
9.3 Vendor Landscape
9.4 Key Development Strategies
10 COMPANY PROFILES
10.1 DRS Technologies, Inc.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Thermoteknix Systems Ltd.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Honeywell International, Inc.
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 BAE Systems
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Raytheon Company
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 L-3 Communications Holdings, Inc.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 AXIS Communications
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Fluke Corporation (Fortive Corporation)
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Flir Systems, Inc.
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Testo AG
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
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Executive Summary
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