Thermal Imaging Market Future Outlook, Size, Share, Industry Analysis, Business Opportunities, Key Players, Demand Forecast and Impact of COVID

Market Highlights

Thermal Imaging has been at the forefront of surveillance, military operations and secret image capturing by government agencies. With the onset of technological advancement, it has become an indispensable part of industrial supervision, fire-fighting equipment, automatic braking in vehicles, scientific experiments, and detecting surface temperature.   

The aftermath of COVID-19 has generated an open market for this advanced technology. Most countries are installing thermal cameras to identify public activity related to the early detection of the pandemic virus. Thermal cameras have been set up at air-port security checkpoints, border patrol points, public areas and transportations, and entertainment spots. Even massive industrial units are vying this technology to prevent the spread of the virus among their employees by screening them with thermal imaging cameras.

In places like Dubai and China, the police have increased their surveillance by introducing A.I. based googles, cameras, and helmets that have superior thermal Imaging to distinguish pedestrians with high temperatures. This wireless thermal imaging market is expected to grow from USD 2.27 billion in 2019 to USD 4.10 billion by 2027. The projected CAGR rate is 7.7 % during this period.

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Segmentation:

Defence and aerospace technologies are fast gaining pace in the modern world of combat. This has resulted in a massive increase in the thermal imaging market among military-based contractors. This machinery is being used for night patrolling at the borders, in remote surveillance binoculars, installed in extreme weather military vehicles and equipment.

The market is further segmented into mouted or handheld thermal sensors. Handheld thermal imaging sensors have been highly in demand since the onset of the pandemic. It can be installed as an app on a mobile phone or used as a temperature measuring device. The mounted thermal imagers are mostly used in high-tech security of vast areas, industries, government facilities and CCTV settings for malls, entertainment and public places.

It is further divided into short-wave infrared, medium-wave infrared and long-wave infrared devices. These are the fastest-growing markets when it comes to thermal Imaging. With coastal and maritime law surveillance, the patrol along the sea coast has doubled, use of thermal imagers has augmented with time. Border security claims the largest share, unmanned aircraft and drones (C-UAS) are the latest thermal imaging capture technology. It is even being used on an expansive scale by law enforcement for investigating crime scenes, search and rescue operations, and detaining criminals.

Regional Classification

North America dominates the scene in the military-grade thermal imaging market. It is also one of the largest producers of thermal image devices. China has been the key player with phenomenal growth in military activity in the Asia-Pacific region. The Middle East and Latin America are following suit for upgrading their defence. The key companies here are Thales Group – France, Seek Thermal Inc – US, Opgal Optronic Industries Ltd – Israel, and Dali Technology Co. Ltd – China.

Industry News

The thermal imaging market can become a billion-dollar spinning industry shortly due to security and health care facility reasons. Thermal imaging solutions will soon develop into a mass digital revolution.

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Thermal Imaging Market Research Report, by Type (Cameras, Modules, Scopes), Application (Security & Surveillance, Monitoring & Inspection, Detection), Vertical (Industrial, Commercial, Aerospace & Defense, and Others) — Forecast till 2027

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