thermal imaging market size

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thermal imaging market size Report-Forecast 2023
thermal imaging market size Report- Forecast
2023
P a g e 1 Copyright 2017
Market Research Future.
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thermal imaging market size Report- Forecast 2023
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thermal imaging market size Report- Forecast
2023 Summary Thermal imaging is a technique of
improving visibility and clarity of objects in a
dark environment by detecting them using
infrared radiation and creating an image based on
that information. thermal imaging market size
can penetrate obscurants such as smoke, fog, and
haze and can work in environments without any
ambient light. With the help of thermal imaging,
companies can reduce their downtime as they no
longer have to shut down their operational
systems even during thermal energy audit.
Furthermore, this is non-invasive technique and
involves zero physical contact. Thus, there is no
damage caused to the devices subjected to
thermal surveys. Thermal imaging is used in
industrial, residential, commercial and military
defense applications to monitor critical
manufacturing processes and detect hot spots in
mechanical or electrical installation in
industries. Commercial applications consist of
building diagnosis and airport security.
Furthermore, it is also used in numerous
security applications. The residential sector is
expected to witness substantial growth owing to
the availability of low-cost devices and high
market penetration. Thermal imaging helps in
detecting moisture in walls, ceiling, roofs,
plumbing leaks and blockages. Players like FLIR
Systems, Bae Systems, L-3 Communications
contributes to the major share in the thermal
imaging market size. However, new startups like
Bounce Imaging are challenging the existing
players with their innovative product portfolio.
Companies such as FLIR Systems and Vummi have
introduced smartphones with thermal imaging
capability. BAE Systems OASYS thermal imaging
product uses the latest uncooled thermal
technology to deliver thermal imaging and aiming
products for the most discerning operators.
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• thermal imaging market size Report- Forecast 2023
• Major Key Players
• The prominent players in the market of thermal
  imaging are
• FLIR Systems (US)
• Fortive (US)
• Axis Communications (Sweden)
• Leonardo (Italy)
• BAE Systems (UK)
• L3 Technologies (US)
• United Technologies (US)
• Sofradir (France)
• Testo (Germany)
• Xenics (Belgium)
• Seek Thermal (US).

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thermal imaging market size Report- Forecast
2023 Segmentation By type, the market is
segmented into cameras, modules, and scopes. By
application, the market is segmented into
security surveillance, monitoring
inspection, and detection. Security
surveillance segment is further bifurcated into
perimeter security, unmanned aerial vehicle (UAV)
and tracking. Monitoring inspection segment is
further bifurcated into machine condition
monitoring, structural health monitoring,
quality assessment and HVAC. Detection segment is
further segmented into gas detection, fire/flare
detection, body temperature measurement, level
measurement, and research development. By
vertical, the market is segmented into
industrial, commercial, residential, aerospace
defense, automotive, healthcare life sciences,
oil gas and food beverages.
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thermal imaging market size Report- Forecast
2023 Regional Analysis The global market for
thermal imaging is estimated to grow at a
significant rate during the forecast period from
2018 to 2023. The geographical analysis of
thermal imaging market size is studied for North
America, Europe, Asia-Pacific, and the rest of
the world. North America is expected to dominate
the thermal imaging market size due to the
presence of thermal imaging product
manufacturers and RD centers. The main factor
driving the thermal imaging market size in this
region is high demand for thermal imaging devices
across several law enforcement activities as
well as in the commercial and industrial sectors.
In Europe, rising demand in surveillance
security applications, and gradual decrease of
cost for thermal cameras is expected to fuel the
growth of this market in this region.
Asia-Pacific is estimated to hold the largest
market size owing high demand for thermal imaging
due to increasing deployment of thermal imaging
technology in various military applications. The
rising awareness of the thermal imaging
applications areas other than security
surveillance, such as detection, monitoring, and
inspection is offering additional growth
opportunities for industry players, particularly
in markets with a high industrial demand such as
China, India, Middle East, and South America.
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thermal imaging market size Report- Forecast 2023
q (Germany) are focusing on the digital utilities
transformation.