Press release
Thermal Imaging Market Size, Share, Technology, Revenue, Manufacturers, Region, Applications and Forecast to 2029
The Global Thermal Imaging market was valued at USD 3.09 billion in 2021 and is expected to reach USD 4.80 billion by the year 2028, at a CAGR of 6.48%.
Thermal imaging is a technique that uses thermal energy and infrared radiation to gather information about objects and create images of them, even in low-light conditions. It is a type of technology that has been put to many different uses over the years. Because it does not rely on visible light, it is especially useful as a night-vision technology because it can function even in fog, smog, smoke, and haze, as well as in total darkness. In addition, the science of infrared energy, also known as "heat," that is released by all objects is the foundation of thermal imaging.
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Market Dynamics:
Driver:
Aerospace & Defense, Automotive, Commercial, Law Enforcement, Industrial, Food & Beverages, Residential, Healthcare & Life Sciences, Oil & Gas, and other applications all make use of thermal imaging technology. Thermal imaging technology has also found new applications in the energy audit industry in preventative maintenance. To mitigate the potential dangers of accidents occurring at night, the auto industry is incorporating thermal imaging cameras into automobiles. Thermal imaging cameras have been used in automobiles by major manufacturers like BMW and Audi to help identify living things like pedestrians and animals in the dark.
Opportunities:
The Use of Thermal Imaging In Computers And Smartphones Is Expanding.
Due to the enormous potential for thermal imaging technology in smartphone applications and personal computers. The need for cooling technology in thermal imaging devices drives up costs. Key players like FLIR Systems have introduced novel products like the lepton sensor, which is smaller, lighter, and can be integrated into a smartphone. Also, it doesn't utilize an outside cooler to run, which diminishes the expense of warm gadgets.
The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Market Segmentation
By Product Type
• Thermal Cameras
• Thermal Modules
• Thermal Scopes
By Technology
• Cooled
• Uncooled
By Application
• Security & Surveillance
• Monitoring & Inspection
• Detection & Measurement
• Others
By End Users
• Automotive
• Commercial
• Government & defense
• Healthcare & life sciences
• Oil & Gas
• Others
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Regional Analysis of Thermal Imaging Market
North America is expected to dominate the Thermal Imaging market over the forecast period. This is primarily owing to growing applications of thermal imaging for monitoring and inspection of historical monuments, process and manufacturing industries, commercial and residential buildings. Huge investment of the government in the defense sector and the raised prominence on screening of people in airports, hospitals, railway stations, and other public spaces are turning the demand for thermal scanners in the region.
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Key Players Covered in Thermal Imaging market
• Lockheed Martin Corporation (US)
• FLIR Systems (US)
• Elbit Systems Ltd. (Israel)
• Testo (Germany)
• Fluke Corporation (US)
• Opgal (Israel)
• Leonardo (Italy)
• L3HARRIS TECHNOLOGIES (US)
• United Technologies (US)
• Axis Communications (Sweden)
• Raytheon Company (US)
• Sofradir Group (US)
• BAE Systems PLC (UK)
• Xenics (Belgium)
• Thermoteknix Systems (UK)
• L-3 Communications Holdings
• Inc. (the US)
• Leonardo DRS (US) and others Major Players.
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Key Industry Developments In The Thermal Imaging Market
• In 2020, FLIR Systems, Inc. introduced the FLIR Ranger HDC MR, a high-performance HD thermal imaging midrange surveillance system. The Ranger HDC MR can identify illicit activities in reduced weather conditions by using immersed analytics and image processing. This is anticipated to improve the product portfolio of the company in the thermal imaging system segment.
• In April 2021 - Seek Thermal introduced Reveal FirePro X, the latest personal thermal imaging camera (TIC) for firefighters. The developed, handheld thermal imaging camera offers a new charging port, making it even more durable and easier to access when required.
• In May 2021, the company declared a strategic collaboration with Maire Tecnimont (Italy) to support industrial evolution by developing next-generation greenfield and brownfield plants in the transformation of natural resources and green chemistry sectors.
• In May 2021, FLIR Systems won a contract to deliver its FLIR Black Hornet ®3 Personal Reconnaissance Systems (PRS). It is a developed nano-unmanned aerial vehicle utilized for monitoring.
Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?
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https://introspectivemarketresearch.com/reports/thermal-imaging-technology-market/
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