HOME Top Market Reports Thermal Imaging Market by Solutions (Hardware, Software, Services), by Applications (Surveillance (Airborne, Maritime, Land), Threat Detection, Veterinary, Automotive & others), by End-Users (Military & Defense & Commercial) - Global Forecast to 2020

Thermal Imaging Market by Solutions (Hardware, Software, Services), by Applications (Surveillance (Airborne, Maritime, Land), Threat Detection, Veterinary, Automotive & others), by End-Users (Military & Defense & Commercial) - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: May 2015
Report Code: TC 3414

 

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Thermal imaging cameras basically provide solutions with capabilities to improve visibility during difficult conditions such as night, smoke etc. These devices are capable of detecting the temperature differences in the infrared range which can then be converted to an electronic signal and can be displayed on the screen. Due to this capability of detecting temperature differences, thermal imaging cameras are used in wide variety of applications such as surveillance and security, threat detection, industrial applications and many more across various industries including military, aerospace, automotive and healthcare.

Thermal imaging cameras were previous used for defense and military applications but now has started gaining consideration in commercial applications such as firefighting, personal vision, commercial and residential surveillance and security. As the scope of thermal imaging cameras are increasing, they are finding their way in more and more consumer-oriented applications. The growing usage of thermal imaging cameras for commercial usage and reducing cost are the two main drivers behind the growth of the thermal imaging market.

The report aims at estimating the current market size and future growth potential of this market across all major segments, i.e. solution, applications, end user type and regions. It provides a picture on how thermal imaging cameras are used in a wide variety of applications across various industries. It also spans the overall structure of the thermal imaging market and provides premium insights that can help thermal imaging software vendors, technology providers and OEMs to identify the need and growth of thermal imaging technology. Furthermore, the report also provides insights into major market drivers, restraints, opportunities, challenges, value chain analysis, and key global trends in the thermal imaging market.
The report analyzes the growth rate and penetration of thermal imaging cameras across regions like North America, Europe, APAC, MEA, and Latin America. North America is the biggest contributor in terms of market share as it has a large number of thermal imaging service providers who are driving the growth of the thermal imaging market in this region.  Latin America and APAC are expected to be most lucrative market for thermal imaging vendors in the next five years.

The notable players and technology providers in the thermal imaging market are FLIR Systems, Danaher Corporation, DRS Technologies, BAE Systems, Sofradir Group, Axis Communications, L-3 Communications, Raytheon, and others. These players provide innovative thermal imaging solution via integrated form primarily based on the specifications and features needed for the required application under different circumstances by an organization. The report also covers company profiles of key market players, their product and service portfolio, key strategies and recent developments.

Scope of the Report

The research report segments the thermal imaging market to following sub-markets:

On the basis of Solution:

  • Hardware
  • Software
  • Services

On the basis of Applications:

  • Surveillance
    • Airborne Systems
    • Maritime Systems
    • Land Systems
  • Threat detection
  • Surveys
  • Predictive maintenance
  • Radiology
  • Intelligent transportation systems
  • Commercial and residential security
  • Personal vision
  • Fire fighting
  • Research and Development
  • Automotive
  • Veterinary
  • Others (Food thermography, agriculture and ductwork)

On the basis of End-Users:

  • Military and Defense
  • Commercial

On the basis of Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis:

  • Further breakdown of the North America thermal imaging market
  • Further breakdown of the European thermal imaging market
  • Further breakdown of the Asia Pacific thermal imaging market
  • Further breakdown of the Middle East & Africa thermal imaging market
  • Further breakdown of the Latin America thermal imaging market

Company Profiles:

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Market Size Estimation
           2.1.1 Bottom-Up Approach
           2.1.2 Top-Down Approach
                    2.1.2.1 Breakdown of Primary Interviews
    2.2 Market Breakdown and Data Triangulation
           2.2.1 Market Share Estimation
                    2.2.1.1 Key Data Taken From Secondary Sources
                    2.2.1.2 Key Data From Primary Sources
    2.3 Assumptions
    2.4 Key Industry Insights

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Thermal Imaging Market
    4.2 Market, By Solution
    4.3 Market Based on Region and Application
    4.4 Market Potential
    4.5 Life Cycle Analysis, By Region, 2015

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Evolution of the Thermal Imaging Market
    5.3 Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Rise of Smartphones Thermal Cameras
                    5.4.1.2 Emerging Demand of Commercial Applications
                    5.4.1.3 Reduction in The Price Of A Thermal Imaging Camera
                    5.4.1.4 Environment Friendly
           5.4.2 Restraint
                    5.4.2.1 Decline in Defense Budget
           5.4.3 Opportunities
                    5.4.3.1 Increasing Scope of Consumer Electronics
                    5.4.3.2 Emergence of Integrated Solutions
                    5.4.3.3 Increasing Demand of Services
           5.4.4 Challenge
                    5.4.4.1 Lack of Clarity Differentiation

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of Substitutes
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of New Entrants
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry

7 Thermal Imaging Market Analysis, By Solution (Page No. - 46)
    7.1 Introduction
    7.2 Hardware
    7.3 Software
    7.4 Services

8 Thermal Imaging Market Analysis, By Application (Page No. - 50)
    8.1 Introduction
    8.2 Surveillance
           8.2.1 Airborne Systems
           8.2.2 Maritime Systems
           8.2.3 Land Systems
    8.3 Threat Detection
    8.4 Surveys
    8.5 Predictive Maintenance
    8.6 Radiology
    8.7 Intelligent Transportation Systems
    8.8 Commercial and Residential Security
    8.9 Personal Vision
    8.10 Fire Fighting
    8.11 Research and Development (R&D)
    8.12 Automotive
    8.13 Veterinary
    8.14 Others

9 Thermal Imaging Market Analysis, By End User (Page No. - 63)
    9.1 Introduction
    9.2 Military and Defense
    9.3 Commercial

10 Geographic Analysis (Page No. - 68)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific (APAC)
     10.5 Middle East and Africa (MEA)
     10.6 Latin America

11 Competitive Landscape (Page No. - 91)
     11.1 Overview
     11.2 Competitive Situation and Trends
             11.2.1 New Product Launches
             11.2.2 Mergers and Acquisitions
             11.2.3 Partnerships and Collaborations
             11.2.4 Business Expansion

12 Company Profile (Page No. - 98)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     12.2 Flir Systems, Inc.
     12.3 Danaher Corporation
     12.4 BAE Systems
     12.5 L-3 Communications Holdings, Inc.
     12.6 DRS Technologies, Inc.
     12.7 AXIS Communications
     12.8 Raytheon
     12.9 Sofradir Group
     12.10 Thermoteknix Systems Ltd.
     12.11 Testo AG

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 129)
     13.1 Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (69 Tables)

Table 1 Thermal Imaging Market Size and Growth, By Solution,2013–2020 ($Million, Y-O-Y %)
Table 2 Drivers: Impact Analysis
Table 3 Restraint: Impact Analysis
Table 4 Opportunities: Impact Analysis
Table 5 Challenge: Impact Analysis
Table 6 Thermal Imaging Market Size, By Solution, 2013–2020 ($Million)
Table 7 Hardware: Market Size, By Region,2013–2020 ($Million)
Table 8 Hardware: Market Size, By Component,2013–2020 ($Million)
Table 9 Software: Market Size, By Region,2013–2020 ($Million)
Table 10 Services: Market Size, By Region, 2013–2020 ($Million)
Table 11 Thermal Imaging Market Size, By Application, 2013–2020 ($Million)
Table 12 Surveillance Market Size and Growth, By Types,2013–2020 ($Million, Y-O-Y %)
Table 13 Surveillance: Market Size, By Region,2013–2020 ($Million)
Table 14 Airborne Systems: Market Size, By Region,2013–2020 ($Million)
Table 15 Maritime Systems: Market Size , By Region,2013–2020 ($Million)
Table 16 Land Systems: Market Size, By Region,2013–2020 ($Million)
Table 17 Threat Detection: Market Size, By Region,2013–2020 ($Million)
Table 18 Surveys: Market Size, By Region, 2013–2020 ($Million)
Table 19 Predictive Maintenance: Market Size, By Region,2013–2020 ($Million)
Table 20 Radiology: Market Size, By Region,2013–2020 ($Million)
Table 21 Intelligent Transportation Systems: Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 22 Commercial and Residential Security: Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 23 Personal Vision: Market Size, By Region,2013–2020 ($Million)
Table 24 Fire Fighting: Market Size, By Region,2013–2020 ($Million)
Table 25 R&D: Market Size, By Region, 2013–2020 ($Million)
Table 26 Automotive: Market Size, By Region,2013–2020 ($Million)
Table 27 Veterinary: Market Size, By Region,2013–2020 ($Million)
Table 28 Others: Market Size, By Region, 2013–2020 ($Million)
Table 29 Market Size, By End User, 2013–2020 ( Thousand Units)
Table 30 Market Size , By End User, 2013–2020 ($Million)
Table 31 Military and Defense: Market Size, By Region,2013–2020 (Thousand Units)
Table 32 Military and Defense: Market Size, By Region,2013–2020 ($Million)
Table 33 Commercial: Market Size, By Region,2013–2020 (Thousand Units)
Table 34 Commercial: Market Size, By Region,2013–2020 ($Million)
Table 35 Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 36 North America: Market Size, By Solution,2013–2020 ($Million)
Table 37 North America: Market Size, By End User (Thousand Units) 2013–2020 ($Million)
Table 38 North America: Market Size, By Country2013–2020 ($Million)
Table 39 North America: Market Size, By Application,2013–2020 ($Million)
Table 40 North America: Market Size, By Surveillance System, 2013–2020 ($Million)
Table 41 North America: Thermal Imaging Market Size, By End User,2013–2020 ($Million)
Table 42 Europe: Market Size, By Solution,2013–2020 ($Million)
Table 43 Europe: Market Size, By End User,2013–2020 (In Thousand Units),
Table 44 Europe: Market Size, By Country, 2013–2020 ($Million)
Table 45 Europe: Market Size, By Application,2013–2020 ($Million)
Table 46 Europe: Market Size , By Surveillance System,2013–2020 ($Million)
Table 47 Europe: Thermal Imaging Market Size, By End User,2013–2020 ($Million)
Table 48 Asia-Pacific: Market Size, By Solution,2013–2020 ($Million)
Table 49 Asia Pacific: Market Size, By End User(In Thousand Units), 2013–2020 ($Million)
Table 50 Asia Pacific: Market Size, By Country,2013–2020 ($Million)
Table 51 Asia-Pacific: Market Size, By Application,2013–2020 ($Million)
Table 52 Asia-Pacific: Market Size , By Surveillance System, 2013–2020 ($Million)
Table 53 Asia-Pacific: Thermal Imaging Market Size, By End User,2013–2020 ($Million)
Table 54 Middle East and Africa: Market Size, By Solution, 2013–2020 ($Million)
Table 55 Middle East and Africa: Market Size, By End User, 2013–2020 (Thousand Units)
Table 56 Middle East and Africa: Market Size, By Country, 2013–2020 ($Million)
Table 57 Middle East and Africa: Market Size, By Application, 2013–2020 ($Million)
Table 58 Middle East and Africa: Market Size, By Surveillance System, 2013–2020 ($Million)
Table 59 Middle East and Africa: Thermal Imaging Market Size, By End User, 2013–2020 ($Million)
Table 60 Latin America: Market Size, By Solution,2013–2020 ($Million)
Table 61 Latin America: Market Size, By End User(In Thousand Units), 2013–2020 ($Million)
Table 62 Latin America: Market Size, By Country,2013–2020 ($Million)
Table 63 Latin America: Market Size, By Application,2013–2020 ($Million)
Table 64 Latin America: Market Size, By Surveillance System, 2013–2020 ($Million)
Table 65 Latin America: Thermal Imaging Market Size, By End User,2013–2020 ($Million)
Table 66 New Product Launches, 2013–2015
Table 67 Mergers and Acquisitions, 2012–2015
Table 68 Partnerships and Collaborations, 2013–2015
Table 69 Business Expansion, 2013–2015
 
 
List of Figures (51 Figures)
 
Figure 1 Global Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Hardware Segment is Covering the Maximum Share of Thermal Imaging Market, By Solution (2015 vs. 2020)
Figure 7 Surveillance is Expected to Lead the Thermal Imaging Market By Application (2015 vs. 2020)
Figure 8 Land Systems is Dominating the Thermal Imaging Surveillance Market (2015 vs. 2020)
Figure 9 Military and Defense is the Market Leader in the Thermal Imaging Market, By End User (2015 vs. 2020)
Figure 10 North America Will Have the Largest Market Share for the Thermal Imaging Market in 2015
Figure 11 Growing Demand of Thermal Imaging Cameras for Smart Phones is Driving the Thermal Imaging Market
Figure 12 Service Market is Expected to Grow at the Highest Rate Among the Segments During the Forecast Period
Figure 13 North America Accounted for the Maximum CAGR of 8.4% During the Forecast Period
Figure 14 Asia-Pacific Will Grow With the Highest CAGR Than Other Regional Markets Between 2015 and 2020
Figure 15 Asia-Pacific Will Be the Most Lucrative Market During the Period2015–2020
Figure 16 Market Evolution
Figure 17 Market Segmentation
Figure 18 Drivers, Restraints, Opportunities, and Challenges of the Thermal Imaging Market
Figure 19 Value Chain
Figure 20 Porter’s Five Forces Analysis
Figure 21 Hardware Market is Dominated By Thermal Imaging Solutions
Figure 22 Surveillance Accounts for the Maximum Share in the Application Market
Figure 23 Commercial End Users Account for the Maximum Share in the Thermal Imaging Market
Figure 24 North America has the Maximum Market Share in the Global Thermal Imaging Market During the Forecast Period
Figure 25 Regional Snapshot: APAC is Emerging as A New Hotspot
Figure 26 APAC: an Attractive Destination for Thermal Imaging
Figure 27 North America Market Snapshot: Presence of Major Industries is A Factor Contributing Towards Growth in This Region
Figure 28 Hardware Market is Expected to Dominate the Thermal Imaging Market in North America
Figure 29 Hardware Market is Expected to Grow at the Highest CAGR During 2015–2020
Figure 30 Asia-Pacific Market Snapshot: Growth is Driven By BPM Solutions
Figure 31 Asia-Pacific Represents Huge Growth Opportunities for the Thermal Imaging Hardware Market
Figure 32 Emerging Market of Middle East and Africa Presents Growth Prospects for the Thermal Imaging Hardware Market
Figure 33 Thermal Imaging Hardware Market is Expected to Gain Traction in the Latin American Region
Figure 34 Companies Adopted New Product Launches and Enhancements as the Key Growth Strategy for the Period 2013–2015
Figure 35 Area Chart Showing Historical CAGR of the Top Players
Figure 36 Market Evaluation Framework
Figure 37 Battle for Market Share: New Product Launch, Merger & Acquisition, and Partnership & Collaboration Were the Key Strategies
Figure 38 Geographic Revenue Mix of the Top 5 Market Players in 2014
Figure 39 Flir Systems, Inc.: Company Snapshot
Figure 40 SWOT Analysis: Flir Systems
Figure 41 Danaher Corporation: Company Snapshot
Figure 42 SWOT Analysis: Danaher Corporation
Figure 43 BAE Systems: Company Snapshot
Figure 44 SWOT Analysis: BAE Systems
Figure 45 L-3 Communications: Company Snapshot
Figure 46 SWOT Analysis: L-3 Communications
Figure 47 DRS Technologies, Inc.: Company Snapshot
Figure 48 SWOT Analysis: DRS Technologies, Inc.
Figure 49 AXIS Communications: Company Snapshot
Figure 50 Raytheon: Company Snapshot
Figure 51 Sofradir: Company Snapshot

Thermal imaging is a technique used to produce an electronic image of an object by detecting infrared energy emitted by them in difficult conditions such as night, smoke and fog. Due to this capability of detecting temperature differences, thermal imaging cameras are used across various industries including defence, automotive, aerospace, industrial, healthcare and many more. They are widely used for different variety of applications such as surveillance, threat detection, commercial and residential security, firefighting, R&D, veterinary, and more. Traditionally dependent on the United States defence spending, the thermal imaging industry now is expected to be driven by commercial applications such as predictive maintenance, automotive, personal vision and others.

Emerging demand of thermal imaging cameras for commercial usage and reducing cost are the main drivers behind the growth of the thermal imaging market. With evolving technologies and emerging integrated solutions, great opportunity lies for thermal imaging market in the next five years.

North America is expected to be the largest contributor of the regional market share large with the presence large number of thermal imaging services providers. Asia-Pacific is one of the growing economies and favourable markets showing a high growth potential for the thermal imaging market. In Europe, due to the impact of the European debt crisis, the growth of thermal imaging systems in the industrial segment has been restrained, but it is expected to improve during the forecast period.
Key players of the thermal imaging market are FLIR Systems, Danaher Corporation, DRS Technologies, BAE Systems, Sofradir Group, Axis Communications, L-3 Communications, and Raytheon. Partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, expansions, and new product launches are some of the major strategies adopted by the market players to achieve growth in the thermal imaging market. Also, in order to increase their market share the key players are focusing on low-cost imagers/sensors with high-volume manufacturing. In addition, the market players like Testo, Sofradir are investing about 10% of their annual turnover into R&D to upgrade the technologies and develop new products for thermal imaging.

This report describes the global thermal imaging market by solution, application, end user type, and region. Furthermore, the report also provides insights into major market drivers, restraints, opportunities, challenges, value chain analysis, and key global trends in the thermal imaging market. The geographical analysis covers the growth rate and penetration of thermal imaging cameras across regions like North America, Europe, APAC, MEA, and Latin America. The report also covers company profiles of key market players, their product and service portfolio, key strategies and recent developments.

The table given below highlights the thermal imaging market size and Year-Over-Year (Y-O-Y) growth rate by solution. The thermal imaging market size is expected to grow from $7,252.0 Million in 2015 to $9,998.9 Million by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 6.6% from 2015 to 2020.

Thermal Imaging Market

Source: MarketsandMarkets Analysis

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