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Thermal Imaging Market

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Thermal Imaging Market, By Applications (Surveillance and security, Monitoring and maintenance, Traffic monitoring, Healthcare, Automobile, Research and development and Others (firefighting and personal vision)), By End Users (Defense and military sector, Industrial sector, Commercial sector and Residential sector) and By Geography (North America, Europe, Asia Pacific and RoW (Rest of the World)) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027 – PowerPoint PPT presentation

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Title: Thermal Imaging Market


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com
  • COVID-19 Impact Tracker

2
THERMAL IMAGING MARKET ANALYSIS
  • Thermal Imaging Market, By Applications
    (Surveillance and security, Monitoring and
    maintenance, Traffic monitoring, Healthcare,
    Automobile, Research and development and Others
    (firefighting and personal vision)), By End Users
    (Defense and military sector, Industrial sector,
    Commercial sector and Residential sector) and By
    Geography (North America, Europe, Asia Pacific
    and RoW (Rest of the World)) - Size, Share,
    Outlook, and Opportunity Analysis, 2020 - 2027

3
  • Market Overview
  • The global Thermal Imaging Market was accounted
    for US 1,978.7 Mn in terms of value in 2019 and
    is expected to grow at CAGR of 9.7 for the
    period 2020-2027.
  • Market Dynamics Drivers
  • Increased investment in armed forces
    modernization is expected to drive growth of the
    global thermal imaging market during the forecast
    period
  • Penetration of thermal imaging devices in new
    applications is expected to propel the global
    thermal imaging market growth over the forecast
    period

4
Figure 1. Global Thermal Imaging market Share ()
in terms of Value, By Region, 2019
5
  • Market Dynamics Restraints
  • Reduction in the defense budget is expected to
    restrain growth of the global thermal imaging
    market during the forecast period
  • Export restrictions imposed on thermal imaging
    products is expected to hamper the global
    thermal imaging market growth over the forecast
    period

6
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7
  • Market Trends
  • Advent of high-resolution thermal cameras
  • Contracts and agreements among market players is
    another major trend

8
Figure 2 Global Thermal Imaging market Value
(US MN), 2017 - 2027
9
  • Value Chain Analysis Component suppliers
  • The market consists of a large number of
    suppliers of components required in making
    thermal imaging devices. Components namely video
    signal generators, IR lenses, detectors, video
    signal generators, and displays are provided by
    various component suppliers such as Vision
    Systems Design, FLIR Systems Inc. and Lightpath
    Technologies among others. 

10
  • Key Developments
  • Key players are focused on product launches, in
    order to expand the product portfolio. For
    instance, in July 2020, FLIR Systems Inc.
    launched TG165-X MSX Thermal Camera with
    multispectral dynamic imaging technology.
  • Major market players are involved in contracts
    and agreements, in order to gain significant
    advantage in the market. For instance, in July
    2019, BAE Systems Inc. received a contract from
    Kongsberg Protech of Norway for thermal imaging
    module TIM 1500.
  • Competitive Section
  • Key players operating in the global thermal
    imaging market are FLIR Systems Inc. (FLIR),
    Raytheon Company, BAE Systems Inc., L-3
    Communications Holdings, Inc., Axis
    Communications AB, Danaher Corporation, and DRS
    Technologies Inc.

11
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    sights.com/press-release/thermal-imaging-market-33
    47

12
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
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  • Long term Engagement Model
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13
Contact Us
  • Mr. Shah
  • Coherent Market Insights Private Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

14
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