The thermal imaging market is predicted to witness noteworthy growth over the coming years owing to its increasing use across diverse applications. Thermal imaging technology is used across applications like perimeter surveillance, search & rescue, firefighting, and environmental law enforcement. The technology provides a continuous and reliable temperature measurement system to ensure enhanced safety of facilities. It also helps in protecting facilities against service interruptions, equipment failures, and unplanned outages.
Growing adoption of technologically advanced monitoring and inspecting systems for critical infrastructures could stimulate the demand for thermal imaging products. For instance, thermal imaging cameras are widely used in electrical and mechanical applications as they are powerful and non-invasive for monitoring and diagnosing the condition of components.
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Robust demand in a low-visibility environment -
The technology is used to create images of an object in a low-visibility environment based on the information collected by utilizing thermal and infrared radiation. Robust advancement in the technology and its growing incorporation in night vision technologies would drive the thermal imaging market growth. The integration of sensitive heat sensors with thermal imaging cameras or imagers enables these imaging devices to trace minute temperature differences.
Growing penetration of smartphone dongles -
Thermal imaging demand from the handheld/portable camera segment is expected to witness lucrative growth in the approaching years. The availability of popular smartphone dongles at comparatively low cost than the handheld imagers, which are designed for imaging such as FLIR One and SEEK Thermal Compact will induce price competitiveness in the industry. Contrastingly, certain limitations of these thermal imaging cameras in terms of their inability to efficiently function in higher temperatures, water, glass, and others could impede the industry expansion to some extent.
Requirements in automotive diagnostics -
Based on the end-use, use of thermal imaging in automotive diagnostics will grow over the next few years. The product’s integration in automobiles is quite helpful in enhancing airbag system designs, carrying out quality checks on welds and bonds, validating HVAC system efficiencies, and quantifying the thermal impacts of operation on vehicle tires. Prominent automotive companies including Audi, BMW, and Porsche have increasingly adopted thermal imaging technology for several years.
Growing applications in UAVs -
The growing adoption of the product in the automotive and military sectors is expected to complement the thermal imaging market share in the upcoming years. The incorporation of advanced cameras in UAVs (Unmanned Aerial Vehicles) that are used in several military operations will boost product demand to increase UAVs’ operational limits. Also, the technology efficiently aids aircraft to easily navigate through dark surroundings and identify the target even in adverse weather conditions.
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The escalating deployment of thermal imaging cameras in countries like Colombia, Mexico, and Brazil for security applications would augment regional industry progression. Growing crime rates in these geographies are influencing governments of these regions to increase their defense budgets, which will positively influence the demand for the product. Also, the surging incorporation of the product for residential security applications in Latin America will complement industry expansion across these territories.
Robust economic growth in the Middle East owing to rapid industrialization and a rising number of oil and gas companies will trigger the product demand for numerous detection applications. The growing penetration of IR cameras in the oil and gas sector on account of their usability in preventive maintenance will uplift the thermal imaging market in the region.
Major Key Points from Table of Content:
Chapter 5. Thermal Imaging Market, By Product
5.1. Key trends by product
5.2. Fixed/mounted core
5.2.1. Thermal imaging market estimates and forecast, 2016 – 2026
5.3. Handheld/portable camera
5.3.1. Market estimates and forecast, 2016 – 2026
5.4. Scopes & vision googles
5.4.1. Market estimates and forecast, 2016 – 2026
Chapter 6. Thermal Imaging Market, By Technology
6.1. Key trends by technology
6.2.1. Market estimates and forecast, 2016 – 2026
6.2.2. Market estimates and forecast, by end-use, 2016 – 2026
6.3.1. Market estimates and forecast, 2016 – 2026
6.3.2. Market estimates and forecast, by end-use, 2016 – 2026
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