The thermal
imaging 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.
In this
report, the thermal imaging market has been
segmented on the basis of type, application, vertical, and geography.
Ask for PDF
Copy:
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.
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.
67 – Tables
41 – Figures
140 – Pages
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 Sample Pages:
The thermal
imaging market in APAC is expected to grow at the highest CAGR during
2018–2023. 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.
About
MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™
INC.
630 Dundee
Road
Suite 430
Northbrook,
IL 60062
USA :
1-888-600-6441
