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Thermal Imaging Market by Component (Software, Hardware and Services), Application (Surveillance & Security, Maintenance & Monitoring, Automotive, Traffic Monitoring, Healthcare, and Others) for Military & Defense, Industrial, Residential, and Commercial End-Users- Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Published Date: 07-Oct-2016 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-215 Status : Published

Global Thermal Imaging Market accounted for USD 9.38 Billion in 2019 and is expected to reach USD 15.66 Billion by 2026, growing at a CAGR of around 6.0% between 2020 and 2026.

Description

Global thermal imaging market report includes comprehensive and profound analysis on the global and regional level. The study gives historic data of the year 2015 and forecast for 2016-2021 on the basis of revenue (USD Million). Assessment of market dynamics gives a brief thought about the drivers, restraints, and opportunities of global thermal imaging market. The report provides an extensive competitive analysis of key vendors in the market.

In order to provide comprehensive coverage on the thermal imaging market, we have incorporated competitive landscape and analysis of Porter’s Five Forces model for this market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the market. Additionally, the report also covers strategic developments of the market including collaborations & joint ventures, new product launch, acquisitions & mergers, agreements, partnerships, research & development, product and regional expansion of major participants involved in the market on the global and regional level. Moreover, the study covers patent analysis (2011-2016) bifurcated into the patent share by company, patent trend, and patent analysis according to the region.

The study provides a decisive view on the thermal imaging market by segmenting the market based on component, applications, end-user and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on the component the market is segmented into software, hardware, and services. Key application market covered under this study includes surveillance & security, maintenance & monitoring, automotive, traffic monitoring, healthcare, and others.

The regional segmentation includes the current and forecast demand forAsia Pacific, Europe,North America, Latin America and the Middle East & Africa with its further bifurcation into major countries including China, Japan, India, UK, France, Germany, U.S., and Brazil. This segmentation includes demand for thermal imaging based on individual applications in all the regions and countries.

Some of the key players in thermal imaging market include Flir Systems, Danaher, L-3 Communications Holdings, Inc., Drs Technologies, Raytheon, Bullard, BAE Systems Inc., Axis, Thermoteknix, Sofradir Group, Testo Ag, CI Infrared Cameras, Inc., Nippon Avionics Co. Ltd., Honeywell International, Inc., and Infratec. 

This report segments the global thermal imaging market as follows:

Global Thermal Imaging Market: Component Segment Analysis

  • Hardware
  • Software
  • Services

Global Thermal Imaging Market: Application Segment Analysis

  • Surveillance & Security
  • Maintenance &Monitoring
  • Automotive
  • Traffic Monitoring
  • Healthcare
  • Others

Global Thermal Imaging Market: End-User Segment Analysis

  • Military & Defense,
  • Commercial
  • Residential
  • Industrial

Global Thermal Imaging Market: Regional Segment Analysis

  • North America
  • U.S.
  • Europe
  • UK
  • France
  • Germany
  • Asia Pacific
  • China
  • Japan
  • India
  • Latin America
  • Brazil
  • The Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global thermal imaging market, 2015–2021 (USD Billion)
    • 2.2. Global thermal imaging market : Snapshot
  • Chapter 3. Thermal Imaging – Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global thermal imaging market drivers: Impact analysis
      • 3.2.2. Rising demand for thermal cameras in smartphones
      • 3.2.3. Demand in industrial and commercial sectors
    • 3.3. Market restraints
      • 3.3.1. Global thermal imaging market restraints: Impact analysis
      • 3.3.2. Increasing competition with newest technologies
      • 3.3.3. Lack of awareness
    • 3.4. Opportunities
      • 3.4.1. Increasing application areas globally
      • 3.4.2. Growing demand for thermal imaging services
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by component segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by end-user segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Thermal Imaging Market – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global thermal imaging market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. product Portfolio
    • 4.5. Patent Analysis (2011-2016)
      • 4.5.1. Patent Trend
      • 4.5.2. Patent Share by company
      • 4.5.3. By Region
  • Chapter 5. Global Thermal Imaging Market – Component Segment Analysis
    • 5.1. Global thermal imaging market: componentoverview
      • 5.1.1. Global thermal imaging market revenue share, by component, 2015 and 2021
    • 5.2. Hardware
      • 5.2.1. Global hardware market , 2015 – 2021(USD Million)
    • 5.3. Software
      • 5.3.1. Global softwaremarket , 2015 – 2021(USD Million)
    • 5.4. Services
      • 5.4.1. Global servicesmarket , 2015 – 2021(USD Million)
  • Chapter 6. Global Thermal Imaging Market – Application Segment Analysis
    • 6.1. Global thermal imaging market: Application overview
      • 6.1.1. Global thermal imaging market revenue share, by application, 2015 and 2020
    • 6.2. Surveillance and Security
      • 6.2.1. Global thermal imaging market for surveillance and security, 2015 – 2021 (USD Million)
    • 6.3. Maintenance and Monitoring
      • 6.3.1. Global thermal imaging market for maintenance and monitoring,2015 – 2021(USD Million)
    • 6.4. Automotive
      • 6.4.1. Global medical & healthcaremarket for automotive, 2015 – 2021 (USD Million)
    • 6.5. Traffic Monitoring
      • 6.5.1. Global thermal imaging market for traffic monitoring, 2015 – 2021 (USD Million)
    • 6.6. Healthcare
      • 6.6.1. Global thermal imaging market for healthcare, 2015 - 2021(USD Million)
    • 6.7. Others
      • 6.7.1. Global thermal imaging market for others application, 2015 – 2021(USD Million)
  • Chapter 7. Global Thermal Imaging Market – End-User Segment Analysis
    • 7.1. Global thermal imaging market: end-user overview
      • 7.1.1. Global thermal imaging market revenue share, by end-user, 2015 and 2020
    • 7.2. Military & Defense
      • 7.2.1. Global thermal imaging market for military & defense, 2015 – 2021 (USD Million)
    • 7.3. Commercial
      • 7.3.1. Global thermal imaging market for commercial,2015 – 2021 (USD Million)
    • 7.4. Residential
      • 7.4.1. Global medical & healthcaremarket for residential, 2015 – 2021 (USD Million)
    • 7.5. Industrial
      • 7.5.1. Global thermal imaging market for industrial, 2015 – 2021 (USD Million)
  • Chapter 8. Global Thermal imaging Market – Regional Segment Analysis
    • 8.1. Global thermal imaging market: Regional overview
      • 8.1.1. Global thermal imaging market revenue share, by region, 2015 and 2021
    • 8.2. North America
      • 8.2.1. North America thermal imaging market revenue, by component, 2015 – 2021(USD Million)
      • 8.2.2. North America thermal imaging market revenue, by application, 2015 – 2021(USD Million)
      • 8.2.3. North America thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. thermal imaging market revenue, by component, 2015 – 2021(USD Million)
        • 8.2.4.2. U.S. thermal imaging market revenue, by application, 2015 – 2021(USD Million)
        • 8.2.4.3. U.S. Thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
    • 8.3. Europe
      • 8.3.1. Europe thermal imaging market revenue, by component, 2015 – 2021(USD Million)
      • 8.3.2. Europe thermal imaging market revenue, by application, 2015 – 2021(USD Million)
      • 8.3.3. Europethermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
      • 8.3.4. Germany
        • 8.3.4.1. Germany thermal imaging market revenue, by component, 2015 – 2021(USD Million)
        • 8.3.4.2. Germanythermal imaging market revenue, by application, 2015 – 2021(USD Million)
        • 8.3.4.3. Germany thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
      • 8.3.5. France
        • 8.3.5.1. France thermal imaging market revenue, by component, 2015 – 2021(USD Million)
        • 8.3.5.2. France thermal imaging market revenue, by application, 2015 – 2021(USD Million)
        • 8.3.5.3. France thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
      • 8.3.6. UK
        • 8.3.6.1. UK thermal imaging market revenue, by component, 2015 – 2021(USD Million)
        • 8.3.6.2. UK thermal imaging market revenue, by application, 2015 – 2021(USD Million)
        • 8.3.6.3. UK thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific thermal imaging market revenue, by component, 2015 – 2021, (USD Million)
      • 8.4.2. Asia Pacific thermal imaging market revenue, by application, 2015 – 2021, (USD Million)
      • 8.4.3. Asia Pacific thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
      • 8.4.4. China
        • 8.4.4.1. China thermal imaging market revenue, by component, 2015 – 2021(USD Million)
        • 8.4.4.2. China thermal imaging market revenue, by application, 2015 – 2021(USD Million)
        • 8.4.4.3. China thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan thermal imaging market revenue, by component, 2015 – 2021(USD Million)
        • 8.4.5.2. Japan thermal imaging market revenue, by application, 2015 – 2021(USD Million)
        • 8.4.5.3. Japan thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
      • 8.4.6. India
        • 8.4.6.1. India thermal imaging market revenue, by component, 2015 – 2021(USD Million)
        • 8.4.6.2. India thermal imaging market revenue, by application, 2015 – 2021(USD Million)
        • 8.4.6.3. India thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America thermal imaging market revenue, by component, 2015 – 2021(USD Million)
      • 8.5.2. Latin America thermal imaging market revenue, by application, 2015 – 2021(USD Million)
      • 8.5.3. Latin America thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil thermal imaging market revenue, bycomponent, 2015 – 2021(USD Million)
        • 8.5.4.2. Brazil thermal imaging market revenue, by application, 2015 – 2021 (USD Million)
        • 8.5.4.3. Brazil thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa thermal imaging market revenue, by component, 2015 – 2021 (USD Million)
      • 8.6.2. Middle East and Africa thermal imaging market revenue, by application, 2015 – 2021(USD Million)
      • 8.6.3. Middle East and Africa thermal imaging market revenue, by end-user, 2015 – 2021(USD Million)
  • Chapter 9. Company Profile
    • 9.1. Flir Systems
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Danaher
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. L-3 Communications Holdings, Inc.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Drs Technologies
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Raytheon
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Bullard
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. BAE Systems Inc.
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Axis
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Thermoteknix
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Sofradir Group
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Testo Ag
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments
    • 9.12. CI Infrared Cameras, Inc.
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product portfolio
      • 9.12.4. Business strategy
      • 9.12.5. Recent developments
    • 9.13. Nippon Avionics Co. Ltd.
      • 9.13.1. Overview
      • 9.13.2. Financials
      • 9.13.3. Product portfolio
      • 9.13.4. Business strategy
      • 9.13.5. Recent developments
    • 9.14. Honeywell International, Inc.
      • 9.14.1. Overview
      • 9.14.2. Financials
      • 9.14.3. Product portfolio
      • 9.14.4. Business strategy
      • 9.14.5. Recent developments
    • 9.15. Infratec
      • 9.15.1. Overview
      • 9.15.2. Financials
      • 9.15.3. Product portfolio
      • 9.15.4. Business strategy
      • 9.15.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Thermal Imaging market. Zion Research has collected and analyzed key data belong to the global Thermal Imaging market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Thermal Imaging across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Thermal Imaging industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Thermal Imaging market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The report covers forecast and analysis for the Thermal Imaging market on a global and regional level. The study provides historic data of 2018 along with a forecast from 2019 to 2026 based revenue (USD Billion). The study includes drivers and restraints for the Thermal Imaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Thermal Imaging market on a global level.

Rising demand for thermal cameras in smartphones due to decrease in the cost of is expected to be the major drivers for the global thermal imaging market. In addition, growing application of thermal imaging in the security and surveillance and automobile industry and escalated demand from industrial and commercial sectors is expected to trigger the growth of this industry. Moreover, the use of thermal cameras in devices including CCTV camera and smartphones are also anticipated to drive the thermal imaging market over the forecast period. However, lack of awareness and availability of alternative technologies to these systems may pose the challenge to the market growth.

Based on the component, thermal imaging market has been segmented into software, hardware, and services. Thermal imaging market was dominated by hardware segment and is expected to continue its dominance in the global market over the estimated period. Software emerged as another key outlet for thermal imaging market in 2015. This segment is expected to exhibit moderate growth over the forecast period. The services segment is expected to play a significant role in changing the thermal imaging landscape and is projected to grow at the highest CAGR during the forecast period.

 

On the basis of end-user, thermal imaging market can be segmented as military & defense, commercial, residential and industrial. Military and defense segments dominated the thermal imaging with over 45% share of the overall market in 2015. Military & defense was followed by industrial, commercial and residential application segments. Industrial was the second largest application segment of thermal imaging market. The residential and industrial segment is expected to exhibit moderate growth in the next few years due to the availability of low-cost devices.

Different application segments of the thermal imaging market include surveillance and security, maintenance and monitoring, automotive, traffic monitoring, healthcare, and others. Surveillance and security dominated the thermal imaging market in 2018. Surveillance & security was followed by maintenance & monitoring segment and accounted for over 45 % share of the overall market in 2018. Moreover, automotive application segment is expected to grow at a moderate rate in the next five years due to the increasing use of thermal cameras in this sector.

Thermal imaging market is growing across the world. North America was the largest regional market and accounted for over 30% share of thermal imaging market in 2018. Europe would be the second largest market for thermal imaging followed by Asia Pacific.

Increasing demand in surveillance and security applications is expected to fuel the thermal imaging demand in Europe. Asia Pacific was expected to be the fastest growing region due to the rising defense budget in this region.

Some of the key players in the global thermal imaging market include Flir Systems, Danaher, L-3 Communications Holdings, Inc., Drs Technologies, Raytheon, Bullard, BAE Systems Inc., Axis, Thermoteknix, Sofradir Group, Testo Ag, CI Infrared Cameras, Inc., Nippon Avionics Co. Ltd., Honeywell International, Inc., and Infratec

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