Thermal Imaging Market is growing at a Steady CAGR within the Forecast Period of 2019-2023

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MarketsandMarkets Presents

Thermal Imaging Market is growing at a Steady
CAGR within the Forecast Period of
2019-2023 Thermal Imaging Market by Type
(Cameras, Modules, Scopes), Application (Security
Surveillance, Monitoring Inspection,
Detection), Vertical (Aerospace Defense,
Industrial, Healthcare Life Sciences), and
Geography - Global Forecast to 2023
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In this report, the thermal imaging market has
been segmented on the basis of type, application,
vertical, and geography. The market is expected
to be worth USD 4.04 billion by 2023, growing at
a CAGR of 6.73 between 2018 and 2023. Major
factors driving the growth of the thermal imaging
market include reduction in the price of thermal
imaging products, increasing adoption of thermal
imaging in perimeter security, and penetration in
machine vision-based applications. Browse 67
market data Tables and 41 Figures spread
through 140 Pages and in-depth TOC on "Thermal
Imaging Market - Global Forecast to 2023"
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Thermal imaging cameras offer better visibility
in total darkness and extreme weather conditions,
and require no additional lighting or
illumination and regular maintenance. The thermal
imaging system provides automated perimeter
surveillance, intrusion detection, and alert
capabilities for every perimeter security
application, including critical infrastructure,
petrochemical facilities, nuclear facilities,
commercial campuses, and residential
installations. Thermal cameras have been used in
automotive night vision applications for
pedestrian and animal detection owing to their
capability of night vision tracking. Owing to
technological advancements that have driven down
the cost and size of thermal imaging products,
few thermal imaging products such as 12 µm
sensors from FLIR Systems (US) are being used in
the new Boson camera for elegant packaging within
the car. Ask PDF Brochure https//www.marketsand
markets.com/pdfdownloadNew.asp?id1300 The
market for thermal imaging modules is expected to
grow at the highest CAGR during the forecast
period owing to their compactness, low cost, and
flexibility to integrate with other devices such
as drones, smartphones, and wearables, enabling
them to penetrate in new application areas.
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The market for the monitoring and inspection
application is expected to grow at the highest
CAGR owing to the penetration of low-cost and
high-quality thermal imaging cameras in home
automation, medical, food processing, and ADAS.
Moreover, miniaturized camera modules are used by
most of the OEMs for their customized solutions,
resulting in their increased growth. The market
for healthcare life sciences is expected to
grow at the highest CAGR during the forecast
period. Thermography in the healthcare life
sciences sector provides an accurate,
quantifiable, and noncontact diagnostic
detection, which is used to visualize and
quantify changes in surface temperatures. In this
sector, the applications of thermography include
vascular evaluation, muscle strain assessment,
and bleeding point detection. Request Free
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questsampleNew.asp?id1300 The thermal imaging
market in APAC is expected to grow at the highest
CAGR during 20182023. A number of OEMs as well
as product manufacturers have presence in APAC.
Growing demand for thermal imaging is attributed
to the increasing demand for security and
surveillance in aerospace defense and
commercial sectors.
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