Global Thermal Imaging Systems Market |By Solution Type, By Application type, By Industry Type, By Band and Global Region Market Size, Share & Forecast 2016-2022
After a surge of usage in the military market, thermal imaging has increased its vitality in other markets like smartphones industry, medicine, aviation, etc, i.e., commercial markets. Thermal imaging is a technology which is used to detect heat signature of the objects via devices such as camera, binoculars, smartphones etc, thereby, ensuring awareness about the location of the objects even in the dark. Heat signature is the specific heat radiated by an object which is used by the device to create an electronic image of the object associated with the heat.
Therefore, thermal imaging systems are essentially heat sensors which are capable of sensing minute differences in the level of heat radiated. The same technology is also used to locate an otherwise hidden object through opaque walls, buildings etc. The heat signature given off by the object to be located is read by the sensor and the location of the same is shown in the device like cameras, binoculars etc. This is specifically used in military to locate terrorists as well as to create artillery which locate and hit the targets. One of the major benefits of thermal imaging over other night-vision technologies is that it can penetrate through obscurants such as smoke, fog and haze with comparatively higher level of accuracy.
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The primary driver of this market is the increasing application of the technology in commercial market like medicine, aviation, transportation, surveillance etc. Another upcoming driver of the market is the development of multiple megapixel detectors and systems followed by implementation of thermographic sensors (result of megapixel detectors) into turn-key solutions in industrial environment. Another key driver of the market is increasing focus towards soldier modernization programs driven by huge investments from government in defense sector.
Furthermore, because of advent of high definition thermal imaging technology, new and advanced applications are expected to drive the growth of the market. Surfacing of integrated solutions such as smartphones, automotive and closed circuit television (CCTV) cameras is expected to boost the market. Demand for cheaper products in the commercial sector has led companies to focus on low-price solutions which will result in greater awareness about the technology and new applications. Government policies in some countries can act as the deterrent for the growth of the market.
The thermal imaging market can be segmented primarily by technology; cooled and uncooled. Currently, uncooled thermal imaging is prevailing because of newness of the cooled thermal imaging technology. However, cooled thermal imaging provides superior response time, spectral behavior and sensitivity which makes this technology better than uncooled thermal imaging. Furthermore, segmentation can also be done by verticals; commercial, military and industrial. Market is gradually shifting from military dominated towards commercial and industrial dominated because of great acceptance of integrated solutions like smartphones etc. The segmentation by application; security, surveillance, detection, testing and firefighting. From all the applications, surveillance derives maximum revenue.
With current existence in North America, Europe, Asia-Pacific, Middle East and Africa, North America is the major contributor to the thermal imaging market revenue. However, the annual growth rate of North America is expected to be lower than Asia-Pacific region.
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Flir Systems Inc, Drs Technologies, Raytheon Company, Bae Systems, Danaher Corporation, Elbit Systems Ltd, Honeywell Aerospace, Thales Group and Lockheed Martin are the critical players in the market.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
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