Global thermal imaging market is valued at US$ 7,800.0 Mn in 2018 and is forecast to grow at a CAGR of 8.2% to reach US$ 15,850.0 Mn by 2027. Thermal imaging has evolved into one of the most valuable and sophisticated concept which is being used widely in the field of building safety & surveillance as well as commercial and industrial space. As thermal cameras are able to capture images of heat and detect any anomalies, these devices are being used in detection of COVID-19 by screening temperatures of individuals. Thermal cameras have better range and is more reliable than infrared thermometers. As the world is grappling with COVID-19, governments are focusing on testing. Since high fever is one of the symptoms of COVID-19, many firms have started using thermal cameras to screen temperatures.
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Thermal cameras are also widely used in inspecting buildings which could be commercial or residential, as well as renewable energy structures such as windmill or a solar panel. Solar panels are being used widely across the globe as a safe and eco-friendly way of generating electricity. The modules on the solar panel play an important role in generating electricity. With the help of thermal cameras, any anomalies can be observed and necessary action can be taken. In addition to solar panels, wind turbines are being constructed offshore and onshore as a viable alternative to fossil fuels for generating electricity. Thermal cameras are used widely to detect any mechanical or electrical failures which could be life threatening. These factors would drive the thermal imaging market across the globe.
Thermal imaging cameras are used to inspect buildings. Some of the applications of thermal cameras in building industry include detecting construction failures, electric faults, badly insulated areas amongst others; thereby reducing maintenance costs of the buildings. For example during the summer season, thermal cameras can be used to check whether the building is well insulated or not. In commercial and industrial buildings, the presence of moisture can damage the building as well as cause health issues. With the use of thermal cameras, moisture can be located and necessary action can be taken. These factors would drive the thermal imaging market across the globe.
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Companies have developed thermal cameras which can be integrated with a smart phone and can be used widely for detecting anomalies. With the rise in number of smartphone users, integrated thermal cameras would drive the market in the coming years. Drones with mounted thermal cameras are being used by military and other security personnel, for security surveillance owing to wide range of the thermal cameras. This would also drive the thermal image market in the coming years. These factors would drive the thermal imaging market across the globe.
The detailed research study provides qualitative and quantitative analysis of Thermal Imaging learning market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- On the basis of type, the mounted devices segment is expected to show the maximum growth, due to the increasing demand in military and security systems
- On the basis of technology, cooling systems segment is expected to show the maximum growth owing to wide use in industrial buildings sector
- As far as geography is concerned, Asia Paciifc region is expected to show the highest growth during the forecast years. The growth in construction sector in regions such as India, China and Southeast Asia can be cited as one of the reason for this.
- Some of the players operating in the global online language learning market are Flir Systems Inc. L3 Technologies Inc. Ulis SAS Elbit Systems Ltd Raytheon Company Fluke Corporation BAE Systems PLC Leonardo DRS Inc. Sofradir SAS Thermoteknix Systems Ltd Testo SE & Co. KGaA
Thermal Imaging Market
- By Type
- Hand Held Devices
- Mounted Devices
- By Technology
- By Application
- Residential Buildings
- Commercial Buildings
- By Geography
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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