Thermal Imaging Market shipments to grow at 13% CAGR from 2018 to 2024 - PowerPoint PPT Presentation

About This Presentation

Thermal Imaging Market shipments to grow at 13% CAGR from 2018 to 2024


Request Sample of Report @ Thermal imaging market is witnessing a rising adoption in the automotive industry and is expected to reach over USD 900 million by 2024, particularly in the Advanced Driver-Assistance Systems (ADAS). Such camera systems enable vision under low-light conditions and help in improving driver awareness and prevention of impending risks. According to the National Highway Traffic Administration System (NHTSA), in the U.S., 5,376 pedestrians were killed in traffic crashes mostly in the night or low-light conditions in 2015. The development of self-driving and autonomous cars is anticipated to offer the potential for growth of the automotive thermal imaging market. – PowerPoint PPT presentation

Number of Views:75


Transcript and Presenter's Notes

Title: Thermal Imaging Market shipments to grow at 13% CAGR from 2018 to 2024

Global Thermal Imaging Market to grow at 8 CAGR
from 2018 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
  • Key Insights from Thermal Imaging Market
  • Thermal Imaging Market size was estimated at over
    USD 5.5 billion in 2017, and is set to exceed USD
    10 billion by 2024 according to a new research
    report by Global Market Insights, Inc. The global
    shipments are set to grow at over 13 CAGR
    between 2018 and 2024. The cooled thermal imaging
    market accounted for over 50 of the revenue
    share in 2017, with the chief growth drivers
    being the surging demand for security,
    surveillance, and firefighting applications for
    better accuracy and image details. Indoor
    applications including emergency management and
    building security are poised to offer growth
    opportunities for cooled thermal imaging product
    suppliers. The segment is forecast to lose share
    in the coming years to uncooled technology due to
    the growing number of application industries for
    the latter.
  • The demand across healthcare life sciences
    applications in the thermal imaging market is
    expected to grow at a rapid pace due to the
    provision of advanced diagnostic and
    visualizations offered by such solutions.
    Thermography facilitates quantifiable, accurate,
    and non-invasive diagnostic detection by means of
    changes in surface temperatures. In the
    healthcare sector, thermography applications
    include muscle strain assessment, vascular
    evaluation, and bleeding point detection. In
    addition, the technology helps to identify the
    tissue damage site in case of injuries, aiding
    the sports medicine field.

  • Thermography helps in the detection of fever and
    related signs of infection. Thus, the technology
    has been used extensively by airports during an
    epidemic outbreak such as Severe Acute
    Respiratory Syndrome (SARS), swine flu, and Ebola
    to screen passengers with elevated body
    temperatures. Hyperspectral imaging and remote
    sensing are expected to serve as the key
    opportunity domains for thermal imaging market
  • The rising awareness of the thermal imaging
    market for applications other than security
    surveillance, such as detection, monitoring, and
    inspection, to offer additional revenue growth
    opportunities for industry players, particularly
    in high industrial demand markets including
    China, India, Middle East, and South America. The
    miniaturization of infrared detector cores opens
    diverse avenues for the deployment and
    integration of the technology with other consumer
    electronic devices. In addition, the emerging
    application segments in the thermal imaging
    market including personal vision systems have led
    to the development of low-cost solutions that
    meet the needs of the end users.

China thermal imaging market size, by end-use,
2017 2024 (USD Million)


Browse Full Market Research Report Thermal
Imaging Market _at_ https//
Request for a Sample of this Research report _at_
  • Personal vision system devices are expected to
    register the fastest growth due to the
    availability of low-cost solutions and demand for
    technology in consumer outdoor use such as
    hunting and mountain sports, law enforcement, and
    border patrol. The emergence of unmanned and
    airborne vehicles in defense applications is
    expected to stimulate thermal imaging market
  • Handheld/portable cameras constitute the largest
    segment accounting for over 50 of the thermal
    imaging market revenue share in 2017. Growing
    security concerns coupled with technological
    advancements, reduction in size, and an average
    selling price are the major factors driving the
    demand for handheld imagers. The ability of such
    devices to track, locate, capture, and record
    criminal activity in adverse conditions is
    expected to favorably drive the handheld thermal
    imaging market demand.
  • Major thermal imaging market drivers in Asia
    Pacific countries including India, Malaysia, and
    South include the rapid pace of technology
    adoption and penetration in the region. The
    declining price of thermal cameras and the
    presence of regional vendors offering low-cost
    solutions are expected to favorably impact the
    market growth in India and China.

  • Major vendors in the thermal imaging market space
    are FLIR Systems, Leonardo DRS, Raytheon Company,
    and Fluke Corporation. The market is
    characterized by stiff price competitiveness and
    innovative solutions. To sustain competition,
    players have been focusing on vertical
    integration to cut down input costs and
    developing technologically-advanced products.
  • In addition, the expansion of product offering to
    penetrate new application verticals, such as
    smartphone integration offered by FLIR One and
    Seek Thermal Compact, enables vendors to garner
    additional revenue thermal imaging market growth
  • The integration of thermal camera cores into CCTV
    applications creates a bi-spectral camera
    solution that enables users to capture both
    visible image and thermal heat signatures for
    accurate surveillance and reduction in false
    alarms. The combination of thermography with
    other complementary sensing technologies, such as
    radar, laser, sonar, environmental, and chemical
    sensing, increases the functionality of the
    systems. Classification-based analytics and
    networking-enabled thermal cameras improve the
    response time for emergency situations while
    lowering the costs associated with the downtime
    and potential hazards contributes to the thermal
    imaging market.

Industry Coverage

Table OF Content
  • Chapter 1. Methodology and Scope
  • 1.1. Methodology
  • 1.1.1. Initial data exploration
  • 1.1.2. Statistical model and forecast
  • 1.1.3. Industry insights and validation
  • 1.1.4. Definition and forecast parameters
  • Definitions
  • Assumptions, methodology and forecast
  • 1.2. Data Sources
  • 1.2.1. Primary
  • 1.2.2. Secondary
  • Chapter 2. Executive Summary
  • 2.1. Thermal imaging industry 3600 synopsis,
    2013 - 2024
  • 2.1.1. Business trends
  • 2.1.2. Product trends
  • 2.1.3. Technology trends
  • 2.1.4. End-use industry trends
  • 2.1.5. Application trends
  • 2.1.6. Regional trends

  • Chapter 3. Thermal Imaging Industry Insights
  • 3.1. Industry segmentation
  • 3.2. Industry landscape, 2013 2024
  • 3.2.1. Thermal infrared (IR) detector industry
  • Thermal IR detector market size
    forecast, 2013 2024
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA
  • 3.3. Industry ecosystem analysis
  • 3.3.1. Component suppliers
  • 3.3.2. Product manufacturers/OEMs
  • 3.3.3. System integrators
  • 3.3.4. Distribution channel analysis
  • 3.3.5. End-use landscape
  • 3.3.6. Vendor matrix

  • 3.4. Technology landscape
  • 3.4.1. Advanced Driver-Assistance Systems (ADAS)
  • 3.4.2. Internet of Things (IoT)
  • 3.4.3. Smartphone integration
  • 3.4.4. UAV drones
  • 3.4.5. Video analytics
  • 3.5. Price trend analysis, 2013 - 2024
  • 3.5.1. North America
  • 3.5.2. Europe
  • 3.5.3. Asia Pacific
  • 3.5.4. Latin America
  • 3.5.5. Middle East and Africa
  • 3.6. Cost structure analysis
  • 3.6.1. Assembly, test calibration
  • 3.6.2. Board electronics
  • 3.6.3. Housing packaging
  • 3.6.4. IR sensor system
  • 3.6.5. Lenses

Stay In Touch Website Soci
al Media
Write a Comment
User Comments (0)