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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In today’s economy, the technology landscape has changed dramatically. In situations where facilities are subject to equipment failures, circuit breaks, thermal loss, surveillance and security, one needs the right equipment to detect, monitor and analyze the problem. Thermal imaging technology provides one such solution to this problem.  Thermal imaging is a technique to capture Infrared (IR) energy emitted as heat by objects and creating an electronic image based on the information about the temperature differences, to provide visibility during difficult conditions like such as night, smoke, fog and rain.

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, personal vision, firefighting, industrial applications, and many more across various industries including military, aerospace, automotive, commercial industry, medical and many more. Thermal imaging cameras were commonly used in industrial and manufacturing plants but today this technology has started gaining consideration in commercial applications such as firefighting, personal vision, commercial and residential surveillance and security.

The thermal imaging market is growing due to acceptance of thermal camera applications in military and commercial segment, driven in portion by development in the technology and innovation. With evolving technology, the possibilities of thermal imaging camera have become increasingly attractive to the decision makers and operators. The thermal imaging cameras are finding their way in more and more consumer-oriented applications. Horizontal adoption is yet another driver for this market. Continual decrease in prices of thermal cameras is expected to remain the key driver behind the increase in the adoption of thermal imaging technology in the coming years.

The report spans the overall structure of the thermal imaging market (hardware, software and services) and provides premium insights that can help thermal imaging software providers, technology providers, third-party providers, OEMs providers to identify the need and growth of market. The report analyzes the growth rate and penetration of thermal imaging across all the major regions.

The global thermal imaging market report is segmented on the basis of solution, application, end-user type and region. The solution is segmented as hardware, software and services. Further, the application is segmented into surveillance, threat detection, surveys, predictive maintenance, radiology, intelligent transport systems, commercial and residential security, personal vision, firefighting, research and development, automotive, veterinary and others. The end-user type is segmented into military and defense and commercial. In addition, the report classifies the region as North America, Europe, APAC, MEA and Latin America.

Furthermore, the report also includes an extensive analysis of the key players in the thermal imaging space with their profiles, product and service portfolio, key strategies and recent developments. The report also provides insights into major market drivers, restraints, opportunities, challenges, global adoption trends, and key issues in the thermal imaging market.

Scope of the Report

The research report categorizes the thermal imaging market to forecast the revenues and analyze the trends in each of the following sub-markets:

On the basis of Solution types:

  • Hardware
  • Software
  • Services

On the basis of Applications:

  • Surveillance
  • Threat detection
  • Surveys
  • Predictive maintenance
  • Radiology
  • Intelligent transportation systems
  • Commercial and residential security
  • Personal vision
  • Fire fighting

On the basis of End-Users:

  • Military and Defense
  • Commercial

On the basis of regions

  • North America (NA)
  • Europe (EU)
  • Middle East and Africa (MEA)
  • Asia-Pacific (APAC)
  • Latin America (LA)

Table of Contents

1 Introduction (Page No. - 14)
    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. - 19)
    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
                    2.2.1.3 Assumptions
                    2.2.1.4 Key Industry Insights

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities
    4.2 Thermal Imaging 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. - 36)
    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 The Rise of Smartphones Thermal Cameras
                    5.4.1.2 Horizontal Adaption
                    5.4.1.3 Reducing Price
                    5.4.1.4 Environment Friendly
                    5.4.1.5 OEM’s Differentiation
           5.4.2 Restraints
                    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 Challenges
                    5.4.4.1 Lack of Clarity Differentiation

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.1 Porter’s Five Forces Analysis
           6.1.1 Threat From Substitutes
           6.1.2 Bargaining Power of Buyers
           6.1.3 Threat From New Entrants
           6.1.4 Bargaining Power of Suppliers
           6.1.5 Intensity of Rivalry

7 Thermal Imaging Market Analysis, By Solution (Page No. - 48)
    7.1 Introduction
    7.2 Hardware
    7.3 Software
    7.4 Services

8 Thermal Imaging Market Analysis, By Application (Page No. - 53)
    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. - 67)
    9.1 Introduction
    9.2 Military and Defense
    9.3 Commercial

10 Geographic Analysis (Page No. - 72)
     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. - 92)
     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. - 101)
     12.1 Introduction
     12.2 FLIR Systems, Inc.
             12.2.1 Business Overview
             12.2.2 Products and Services
             12.2.3 Key Strategies
             12.2.4 SWOT Analysis
             12.2.5 Recent Developments
     12.3 Danaher Corporation
             12.3.1 Business Overview
             12.3.2 Products and Services
             12.3.3 Key Strategies
             12.3.4 SWOT Analysis
             12.3.5 Recent Developments
     12.4 BAE Systems
             12.4.1 Business Overview
             12.4.2 Products and Services
             12.4.3 Key Strategies
             12.4.4 SWOT Analysis
             12.4.5 Recent Developments
     12.5 L-3 Communications Holdings, Inc.
             12.5.1 Business Overview
             12.5.2 Products and Services
             12.5.3 Key Strategies
             12.5.4 SWOT Analysis
             12.5.5 Recent Developments
     12.6 DRS Technologies, Inc.
             12.6.1 Business Overview
             12.6.2 Products and Services
             12.6.3 Key Strategies
             12.6.4 SWOT Analysis
             12.6.5 Recent Developments
     12.7 Axis Communications
             12.7.1 Business Overview
             12.7.2 Products
             12.7.3 Key Strategies
             12.7.4 Recent Developments
     12.8 Raytheon
             12.8.1 Business Overview
             12.8.2 Products and Services
             12.8.3 Key Strategies
             12.8.4 Recent Developments
     12.9 Sofradir Group
             12.9.1 Business Overview
             12.9.2 Products and Services
             12.9.3 Key Strategies
             12.9.4 Recent Developments
     12.10 Thermoteknix Systems Ltd.
             12.10.1 Business Overview
             12.10.2 Products and Services
             12.10.3 Key Strategies
             12.10.4 Recent Developments
     12.11 Testo AG
             12.11.1 Business Overview
             12.11.2 Products and Services
             12.11.3 Key Strategies
             12.11.4 Recent Developments

13 Appendix (Page No. - 130)
     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 (58 Tables)

Table 1 Thermal Imaging Market Size and Growth, By Solution, 2015–2020 ($Million, Y-O-Y %)
Table 2 Drivers: Impact Analysis
Table 3 Restraints: Impact Analysis
Table 4 Opportunities: Impact Analysis
Table 5 Challenges: Impact Analysis
Table 6 Thermal Imaging Market Size, By Solution, 2013–2020 ($Million)
Table 7 Hardware: Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 8 Hardware: Market Size, By Com[Ponent, 2013–2020 ($Million)
Table 9 Software: Thermal Imaging 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 ($Million)
Table 12 Surveillance: Market Size, By Region, 2013–2020 ($Million)
Table 13 Airborne Systems: Market Size, By Region, 2013–2020 ($Million)
Table 14 Maritime Systems: Market Size , By Region, 2013–2020 ($Million)
Table 15 Land Systems: Market Size, By Region, 2013–2020 ($Million)
Table 16 Threat Detection: Market Size, By Region, 2013–2020 ($Million)
Table 17 Surveys: Market Size, By Region, 2013–2020 ($Million)
Table 18 Predictive Maintenance: Market Size, By Region, 2013–2020 ($Million)
Table 19 Radiology: Market Size, By Region, 2013–2020 ($Million)
Table 20 Intelligent Transportation Systems:Market Size, By Region, 2013–2020 ($Million)
Table 21 Commercial and Residential Security: Market Size, By Region, 2013–2020 ($Million)
Table 22 Personal Vision: Market Size, By Region, 2013–2020 ($Million)
Table 23 Fire Fighting: Market Size, By Region, 2013–2020 ($Million)
Table 24 R&D: Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 25 Automotive: Market Size, By Region, 2013–2020 ($Million)
Table 26 Veterinary: Market Size, By Region, 2013–2020 ($Million)
Table 27 Others: Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 28 Thermal Imaging Market Size, By End User, 2013–2020 ( Thousand Units)
Table 29 Thermal Imaging Market Size , By End User, 2013–2020 ($Million)
Table 30 Military and Defense: Market Size, By Region, 2013–2020 (Thousand Units)
Table 31 Military and Defense: Market Size, By Region, 2013–2020 ($Million)
Table 32 Commercial: Market Size, By Region, 2013–2020 (Thousand Units)
Table 33 Commercial: Market Size, By Region, 2013–2020 ($Million)
Table 34 Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 35 North America: Market Size, By Solution, 2013–2020 ($Million)
Table 36 North America: Market Size, By Application, 2013–2020 ($Million)
Table 37 North America: Market Size, By Surveillance System, , 2013–2020 ($Million)
Table 38 North America: Market Size, By End User, 2013–2020 ($Million)
Table 39 Europe: Market Size, By Solution, 2013–2020 ($Million)
Table 40 Europe: Market Size, By Application, 2013–2020 ($Million)
Table 41 Europe: Market Size , By Surveillance System, 2013–2020 ($Million)
Table 42 Europe: Market Size, By End User, 2013–2020 ($Million)
Table 43 Asia-Pacific: Market Size, By Solution, 2013–2020 ($Million)
Table 44 Asia-Pacific: Market Size, By Application, 2013–2020 ($Million)
Table 45 Asia-Pacific: Market Size , By Surveillance System, 2013–2020 ($Million)
Table 46 Asia-Pacific: Market Size, By End User, 2013–2020 ($Million)
Table 47 Middle East and Africa: Market Size, By Solution, 2013–2020 ($Million)
Table 48 Middle East and Africa: Market Size, By Application, 2013–2020 ($Million)
Table 49 Middle East and Africa: Market Size, By Surveillance System, 2013–2020 ($Million)
Table 50 Middle East and Africa: Market Size, By End User, 2013–2020 ($Million)
Table 51 Latin America: Market Size, By Solution, 2013–2020 ($Million)
Table 52 Latin America: Market Size, By Application, 2013–2020 ($Million)
Table 53 Latin America: Market Size, By Surveillance System, 2013–2020 ($Million)
Table 54 Latin America: Market Size, By End User, 2013–2020 ($Million)
Table 55 New Product Launches, 2013–2015
Table 56 Mergers and Acquisitions, 2012–2015
Table 57 Partnerships and Collaborations, 2013–2015
Table 58 Business Expansion, 2013–2015


List of Figures (53 Figures)

Figure 1 Global Thermal Imaging 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 Market, By Solution (2015 vs. 2020)
Figure 7 Surveillance is Expected to Lead the 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 Market, By End User (2015 vs. 2020)
Figure 10 North America Will Have the Largest Market Share for the Market in 2015
Figure 11 Attractive Market Opportunities in the Thermal Imaging Market (2015–2020)
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 Period 2015–2020
Figure 16 Thermal Imaging Market: Evolution
Figure 17 Thermal Imaging 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 The 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
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
Figure 52 Thermoteknix Systems Ltd.: Company Snapshot
Figure 53 Testo AG: Company Snapshot

Thermal imaging is a technique used to produce an electronic image by detecting IR energy emitted by objects in difficult conditions such as night, smoke and fog. Thermal imagers/cameras are capable of detecting temperature differences in IR range and converting it into electronic image in a form of color palette. This report describes the global thermal imaging market by solution, application, end user type, and region.

Thermal imaging cameras/sensors are used across various ranges of industries including defense, automotive, aerospace, industrial, medical, and many more. They are widely used for different number of applications such as surveillance, threat detection, commercial and residential security, firefighting, R&D, veterinary, and more. The geographic analysis includes the classification of solutions, applications and end-user segmentation into North America, Europe, APAC, MEA, and Latin America.

North America is expected to be the largest contributor of the regional market share, with Asia-Pacific showing tremendous growth potential in future. The market is dominated by military and defense segment. In the coming years, commercial and industrial segment is expected to show huge growth in the market due to boost in worldwide demand. Increasing demands of imagers/sensors, growth in competition, and price reduction are few strong drivers for the industry. The customer value proposition includes cost reduction, wide range of products and services, superior customer service, and global deployment.

In addition, the market players are investing about 10% of their annual turnover into R&D to upgrade the technologies and develop new products for thermal imaging. FLIR Systems launched world’s first thermal imaging camera for iPhone in 2014; Raytheon won Prism 2015 award for lightweight thermal camera plug-in for smartphones; and Axis Communications launched first temperature-based alarm camera in 2015 for remote monitoring of critical equipment. These are few of the recent technology innovation examples in the thermal imaging market.

Key players of 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 adopted various strategies to cater to the unmet needs of the market, namely new product launches (50%), mergers and acquisitions (22%), partnerships and collaborations (22%), and business expansion (6%), of the total strategic developments in the market. Also, in order to increase their market share the key players are focusing on low-cost imagers/sensors with high-volume manufacturing.

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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