DUBLIN, May 25, 2018 /PRNewswire/ --

The "Thermal Imaging Market by Type (Cameras, Modules, Scopes), Application (Security & Surveillance, Monitoring & Inspection, Detection), Vertical (Aerospace & Defense, Industrial, Healthcare & Life Sciences), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The thermal imaging market was valued at USD 2.72 Billion in 2017 and is expected to reach USD 4.04 Billion by 2023, at a CAGR of 6.73% during the forecast period

Reduction in the price of thermal imaging products, the increasing adoption of thermal imaging in perimeter security, and penetration in machine vision applications are driving the growth of this market. However, export restrictions and additional detailing required for longwave infrared cameras restrain the growth of the thermal imaging market.

The thermal imaging market for modules is expected to grow at the highest CAGR during the forecast period. Thermal imaging modules have been witnessing mass adoption 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. With advancements in the technology, thermal camera module manufacturers have been developing low-cost and smaller cores.

The security and surveillance application held the largest share of the thermal imaging market in 2017. Most of the thermal cameras are used by border control professionals during nighttime and other low-light conditions. Thermal imaging technology also helps security management teams reduce the cost of security and surveillance systems with a low rate of false alarms.

Aerospace & defense held the largest share of the thermal imaging market in 2017. In the aerospace & defense industry, thermal imaging plays a major role in temperature measurement. Thermal imaging products are used for safe temperature monitoring and control for application in extremely demanding and hazardous environments. In sensitive defense installations, thermal imaging provides temperature sensing and protection against electromagnetic pulses.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Thermal Imaging Market
4.2 Thermal Imaging Market, By Type (2018-2023)
4.3 Thermal Imaging Market, By Application and Country (2018-2023)
4.4 Thermal Imaging Market, By Vertical (2018-2023)
4.5 Thermal Imaging Market, By Region (2018-2023)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Reduction in Price of Thermal Imaging Products
5.2.1.2 Increasing Adoption of Thermal Imaging in Perimeter Security
5.2.1.3 Penetration in Machine Vision-Based Applications
5.2.2 Restraints
5.2.2.1 Export Restrictions
5.2.2.2 Longwave Infrared Cameras Require Additional Cameras for Better Detailing
5.2.3 Opportunities
5.2.3.1 Thermal Imaging Technology in Adas
5.2.3.2 Miniaturization of Camera Cores to Penetrate New Application Areas
5.2.4 Challenges
5.2.4.1 Lack of Awareness About Benefits of Thermographic Inspection

6 Thermal Imaging Market, By Type
6.1 Introduction
6.2 Cameras
6.3 Scopes
6.4 Modules

7 Thermal Imaging Market, By Application
7.1 Introduction
7.2 Security & Surveillance
7.2.1 Perimeter Security
7.2.2 Unmanned Aerial Vehicle (UAV)
7.2.3 Tracking
7.3 Monitoring & Inspection
7.3.1 Machine Condition Monitoring
7.3.2 Structural Health Monitoring
7.3.3 Quality Assessment
7.3.4 Hvac
7.4 Detection
7.4.1 Gas Detection
7.4.2 Fire/Flare Detection
7.4.3 Body Temperature Measurement
7.4.4 Level Measurement
7.4.5 Research & Development

8 Thermal Imaging Market, By Vertical
8.1 Introduction
8.2 Industrial
8.3 Commercial
8.4 Residential
8.5 Aerospace & Defense
8.6 Automotive
8.7 Healthcare & Life Sciences
8.8 Oil & Gas
8.9 Food & Beverages

9 Geographic Analysis

10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis (2017)
10.3 Competitive Scenario
10.3.1 Product Launches (2015-2017)
10.3.2 Acquisitions (2015-2017)
10.3.3 Partnerships & Collaborations (2015-2017)
10.3.4 Contracts & Agreements (2015-2017)

11 Company Profiles

• Flir Systems
• Fortive Corporation
• United Technologies
• Leonardo
• L3 Technologies
• Axis Communications
• Bae Systems
• Testo SE
• Xenics
• Sofradir
• Seek Thermal
• Thermoteknix Systems
• Allied Vision
• Opgal Optronic Industries Limited
• Dali Technology
• COX
• C-Thermal
• Calumino
• Tonbo
• Ircamera LLC

For more information about this report visit https://www.researchandmarkets.com/research/mljx44/global_thermal?w=5

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