Thermal Camera Market Trends

  • Report ID: 6418
  • Published Date: Sep 11, 2024
  • Report Format: PDF, PPT

Global Thermal Camera Market 

 

  1. An Outline of the Global Thermal Camera Market
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Primary Research
    2. Secondary Research
    3. Market Size Estimation
    4. SPSS Methodology
  4. Executive Summary
  5. Opportunities
  6. Growth Drivers
  7. Major Roadblocks
  8. Market Trends
  9. Government Regulation
  10. Comparative Analysis of the Current Technologies
  11. Product Type Analysis
  12. End user Analysis
  13. Root Cause Analysis (RCA) for discovering problems of the Thermal Camera Market
  14. Growth Outlook
  15. Risk Analysis
  16. Pricing Benchmarking
  17. SWOT
  18. Supply Chain
  19. Regional Demand
  20. Key Development Analysis
  21. Patent Analysis
  22. Comparative Positioning Analysis
  23. Competitive Landscape
    1. Company Market Share
    2. Business Profile of Key Enterprise
      1. Axis Communications AB
      2. Teledyne FLIR LLC
      3. InfraTec GmbH
      4. Leonardo DRS
      5. Princeton Infrared Technologies, Inc.
      6. SATIR
      7. Konica Minolta, Inc.
      8. Seek Thermal Inc.
      9. Sierra-Olympia Tech.
      10. Synectics plc.
      11. InfiRay
  24. Competitive Model: A Detailed Inside View for Investors
  25. Global Thermal Camera Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
    3. Global Thermal Camera Market Segmentation Analysis (2024-2037)
      1. By Product Type
        1. Handheld Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        2. Mounted Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        3. Others, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
      2. By Technology
        1. Uncooled, Market Value (USD Million), and CAGR, 2024-2037F
        2. Cooled, Market Value (USD Million), and CAGR, 2024-2037F
      3. By Wavelength
        1. Short-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
        2. Mid-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
        3. Long-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
      4. By Application
        1. Monitoring and Inspection, Market Value (USD Million), and CAGR, 2024-2037F
        2. Search and Rescue Operations, Market Value (USD Million), and CAGR, 2024-2037F
        3. Security and Surveillance, Market Value (USD Million), and CAGR, 2024-2037F
        4. Detection and Measurement, Market Value (USD Million), and CAGR, 2024-2037F
      5. By End user
        1. Military and Defense, Market Value (USD Million), and CAGR, 2024-2037F
        2. Oil and Gas, Market Value (USD Million), and CAGR, 2024-2037F
        3. Automotive, Market Value (USD Million), and CAGR, 2024-2037F
        4. Aerospace, Market Value (USD Million), and CAGR, 2024-2037F
        5. Healthcare, Market Value (USD Million), and CAGR, 2024-2037F
        6. Building & Construction, Market Value (USD Million), and CAGR, 2024-2037F
        7. Others, Market Value (USD Million), and CAGR, 2024-2037F
      6. By Region
        1. North America, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        2. Europe, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        3. Asia Pacific Excluding Japan, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        4. Japan, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        5. Latin America, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        6. Middle East and Africa, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        7. Cross Analysis of Product Type W.R.T. End user (USD Million), 2024-2037
    4. North America Thermal Camera Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million), Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
      3. North America Thermal Camera Market Segmentation Analysis (2024-2037)
        1. By Product Type
          1. Handheld Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Mounted Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. Others, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        2. By Technology
          1. Uncooled, Market Value (USD Million), and CAGR, 2024-2037F
          2. Cooled, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Wavelength
          1. Short-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          2. Mid-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          3. Long-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Application
          1. Monitoring and Inspection, Market Value (USD Million), and CAGR, 2024-2037F
          2. Search and Rescue Operations, Market Value (USD Million), and CAGR, 2024-2037F
          3. Security and Surveillance, Market Value (USD Million), and CAGR, 2024-2037F
          4. Detection and Measurement, Market Value (USD Million), and CAGR, 2024-2037F
        5. By End user
          1. Military and Defense, Market Value (USD Million), and CAGR, 2024-2037F
          2. Oil and Gas, Market Value (USD Million), and CAGR, 2024-2037F
          3. Automotive, Market Value (USD Million), and CAGR, 2024-2037F
          4. Aerospace, Market Value (USD Million), and CAGR, 2024-2037F
          5. Healthcare, Market Value (USD Million), and CAGR, 2024-2037F
          6. Building & Construction, Market Value (USD Million), and CAGR, 2024-2037F
          7. Others, Market Value (USD Million), and CAGR, 2024-2037F
        6. By Country
          1. US, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Canada, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. Cross Analysis of Product Type W.R.T. End user (USD Million), 2024-2037
    5. Europe Thermal Camera Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million), Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
      3. Europe Thermal Camera Market Segmentation Analysis (2024-2037)
        1. By Product Type
          1. Handheld Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Mounted Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. Others, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        2. By Technology
          1. Uncooled, Market Value (USD Million), and CAGR, 2024-2037F
          2. Cooled, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Wavelength
          1. Short-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          2. Mid-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          3. Long-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Application
          1. Monitoring and Inspection, Market Value (USD Million), and CAGR, 2024-2037F
          2. Search and Rescue Operations, Market Value (USD Million), and CAGR, 2024-2037F
          3. Security and Surveillance, Market Value (USD Million), and CAGR, 2024-2037F
          4. Detection and Measurement, Market Value (USD Million), and CAGR, 2024-2037F
        5. By End user
          1. Military and Defense, Market Value (USD Million), and CAGR, 2024-2037F
          2. Oil and Gas, Market Value (USD Million), and CAGR, 2024-2037F
          3. Automotive, Market Value (USD Million), and CAGR, 2024-2037F
          4. Aerospace, Market Value (USD Million), and CAGR, 2024-2037F
          5. Healthcare, Market Value (USD Million), and CAGR, 2024-2037F
          6. Building & Construction, Market Value (USD Million), and CAGR, 2024-2037F
          7. Others, Market Value (USD Million), and CAGR, 2024-2037F
        6. By Country
          1. UK, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Germany, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. France, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          4. Italy, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          5. Spain, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          6. BENELUX, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          7. Poland, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          8. Russia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          9. Rest of Europe, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          10. Cross Analysis of Product Type W.R.T. End user (USD Million), 2024-2037
    6. Asia Pacific Excluding Japan Thermal Camera Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million), Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
      3. Asia Pacific Excluding Japan Thermal Camera Market Segmentation Analysis (2024-2037)
        1. By Product Type
          1. Handheld Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Mounted Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. Others, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        2. By Technology
          1. Uncooled, Market Value (USD Million), and CAGR, 2024-2037F
          2. Cooled, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Wavelength
          1. Short-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          2. Mid-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          3. Long-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Application
          1. Monitoring and Inspection, Market Value (USD Million), and CAGR, 2024-2037F
          2. Search and Rescue Operations, Market Value (USD Million), and CAGR, 2024-2037F
          3. Security and Surveillance, Market Value (USD Million), and CAGR, 2024-2037F
          4. Detection and Measurement, Market Value (USD Million), and CAGR, 2024-2037F
        5. By End user
          1. Military and Defense, Market Value (USD Million), and CAGR, 2024-2037F
          2. Oil and Gas, Market Value (USD Million), and CAGR, 2024-2037F
          3. Automotive, Market Value (USD Million), and CAGR, 2024-2037F
          4. Aerospace, Market Value (USD Million), and CAGR, 2024-2037F
          5. Healthcare, Market Value (USD Million), and CAGR, 2024-2037F
          6. Building & Construction, Market Value (USD Million), and CAGR, 2024-2037F
          7. Others, Market Value (USD Million), and CAGR, 2024-2037F
        6. By Country
          1. China, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. India, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. South Korea, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          4. Australia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          5. Indonesia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          6. Malaysia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          7. Vietnam, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          8.  
          9. Singapore, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          10. New Zealand, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          11. Rest of Asia Pacific Excluding Japan, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          12. Cross Analysis of Product Type W.R.T. End user (USD Million), 2024-2037
    7. Japan Thermal Camera Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million), Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
      3. Japan Thermal Camera Market Segmentation Analysis (2024-2037)
        1. By Product Type
          1. Handheld Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Mounted Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. Others, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        2. By Technology
          1. Uncooled, Market Value (USD Million), and CAGR, 2024-2037F
          2. Cooled, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Wavelength
          1. Short-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          2. Mid-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          3. Long-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Application
          1. Monitoring and Inspection, Market Value (USD Million), and CAGR, 2024-2037F
          2. Search and Rescue Operations, Market Value (USD Million), and CAGR, 2024-2037F
          3. Security and Surveillance, Market Value (USD Million), and CAGR, 2024-2037F
          4. Detection and Measurement, Market Value (USD Million), and CAGR, 2024-2037F
        5. By End user
          1. Military and Defense, Market Value (USD Million), and CAGR, 2024-2037F
          2. Oil and Gas, Market Value (USD Million), and CAGR, 2024-2037F
          3. Automotive, Market Value (USD Million), and CAGR, 2024-2037F
          4. Aerospace, Market Value (USD Million), and CAGR, 2024-2037F
          5. Healthcare, Market Value (USD Million), and CAGR, 2024-2037F
          6. Building & Construction, Market Value (USD Million), and CAGR, 2024-2037F
          7. Others, Market Value (USD Million), and CAGR, 2024-2037F
          8. Cross Analysis of Product Type W.R.T. End user (USD Million), 2024-2037
    8. Latin America Thermal Camera Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million), Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
      3. Latin America Thermal Camera Market Segmentation Analysis (2024-2037)
        1. By Product Type
          1. Handheld Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Mounted Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. Others, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        2. By Technology
          1. Uncooled, Market Value (USD Million), and CAGR, 2024-2037F
          2. Cooled, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Wavelength
          1. Short-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          2. Mid-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          3. Long-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Application
          1. Monitoring and Inspection, Market Value (USD Million), and CAGR, 2024-2037F
          2. Search and Rescue Operations, Market Value (USD Million), and CAGR, 2024-2037F
          3. Security and Surveillance, Market Value (USD Million), and CAGR, 2024-2037F
          4. Detection and Measurement, Market Value (USD Million), and CAGR, 2024-2037F
        5. By End user
          1. Military and Defense, Market Value (USD Million), and CAGR, 2024-2037F
          2. Oil and Gas, Market Value (USD Million), and CAGR, 2024-2037F
          3. Automotive, Market Value (USD Million), and CAGR, 2024-2037F
          4. Aerospace, Market Value (USD Million), and CAGR, 2024-2037F
          5. Healthcare, Market Value (USD Million), and CAGR, 2024-2037F
          6. Building & Construction, Market Value (USD Million), and CAGR, 2024-2037F
          7. Others, Market Value (USD Million), and CAGR, 2024-2037F
        6. By Country
          1. Brazil, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Argentina, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. Mexico, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          4. Rest of Latin America, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          5. Cross Analysis of Product Type W.R.T. End user (USD Million), 2024-2037
    9. Middle East & Africa Thermal Camera Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million), Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
      3. Middle East & Africa Thermal Camera Market Segmentation Analysis (2024-2037)
        1. By Product Type
          1. Handheld Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Mounted Thermal Camera, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. Others, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
        2. By Technology
          1. Uncooled, Market Value (USD Million), and CAGR, 2024-2037F
          2. Cooled, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Wavelength
          1. Short-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          2. Mid-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
          3. Long-Wave Infrared, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Application
          1. Monitoring and Inspection, Market Value (USD Million), and CAGR, 2024-2037F
          2. Search and Rescue Operations, Market Value (USD Million), and CAGR, 2024-2037F
          3. Security and Surveillance, Market Value (USD Million), and CAGR, 2024-2037F
          4. Detection and Measurement, Market Value (USD Million), and CAGR, 2024-2037F
        5. By End user
          1. Military and Defense, Market Value (USD Million), and CAGR, 2024-2037F
          2. Oil and Gas, Market Value (USD Million), and CAGR, 2024-2037F
          3. Automotive, Market Value (USD Million), and CAGR, 2024-2037F
          4. Aerospace, Market Value (USD Million), and CAGR, 2024-2037F
          5. Healthcare, Market Value (USD Million), and CAGR, 2024-2037F
          6. Building & Construction, Market Value (USD Million), and CAGR, 2024-2037F
          7. Others, Market Value (USD Million), and CAGR, 2024-2037F
        6. By Country
          1. GCC, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          2. Israel, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          3. South Africa, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          4. Rest of Middle East & Africa, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
          5. Cross Analysis of Product Type W.R.T. End user (USD Million), 2024-2037
  26. World Economic Outlook
  27. About Research Nester

Thermal Camera Market Trends

Growth Drivers:

  • Increasing demand for security and surveillance: High crime rates recorded across the globe have shifted more attention towards security-related solutions, increasing thermal camera demand globally. Artificial Intelligence-based thermal surveillance systems are gaining huge traction due to their application in high-level detection and real-time analysis in urban as well as industrial areas. Prama India, in association with C-DAC, launched thermal surveillance systems for Urban security in April 2024. Such innovations further drive the adoption of thermal cameras.
  • Rising adoption in automotive: Thermal cameras find their increasing adoption in autonomous vehicles and ADAS systems since they are able to provide clear visibility even when the light condition is low, which proves to be very helpful while driving at night. Teledyne FLIR launched the FLIR ADK in 2024 for detecting pedestrians in autonomous vehicles. This application further acts as a growth driver for the thermal camera market.
  • Industrial application expansion: Thermal cameras have become important tools in various industrial sectors due to their role in ensuring safety and enabling predictive maintenance. Energy industries, manufacturing industries, and utilities apply the thermal imaging technique in the early detection of impending equipment failure, checking heat distribution and potential hazards before they cause financial setbacks due to downtimes or accidents. For instance, continuous electrical component monitoring, overheating or inefficient motors, and other mechanical systems make wide usage of thermal cameras. Predictive maintenance, preventive maintenance, or reliability-centered maintenance ensure that thermal cameras reach or exceed their design life. Federal Energy Management Program (FEMP) estimates that a predictive maintenance program enables 30% to 40% cost-savings over reactive maintenance.

Challenges:  

  • Limitations of technology: One of the most important limitations to thermal camera adoption is linked to the inherent limitation of infrared radiation in specific environments. Infrared cannot pass through glass or water, for instance, resembling the effectiveness of thermal cameras in applications where observing through windscreens or seeing items submerged underwater is required. These are areas where such a limitation has consequences in places like the monitoring of traffic, where clear visibility of the condition of vehicles is paramount.
  • Higher maintenance and installation costs: Although thermal cameras ensure worthy services, their high initial costs and maintenance contribute to potential improvement in the general adaptability of these devices on large-scale projects. These projects, as well as initiatives with considerable infrastructure needs, such as smart cities, require heavy investment costs in implementing thermal cameras due to large implementations.

Thermal Camera Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

7.3%

Base Year Market Size (2024)

USD 4.3 billion

Forecast Year Market Size (2037)

USD 10.7 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 6418
  • Published Date: Sep 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of thermal camera was USD 4.3 billion.

The global thermal camera market size is anticipated to reach USD 4.3 billion in 2024 and is projected to reach USD 10.7 billion by the end of 2037, rising at a CAGR of 7.3% during the forecast period, i.e., 2025-2037.

Key players in the market are Axis Communications AB, Teledyne FLIR LLC, InfraTec GmbH, Leonardo DRS, Princeton Infrared Technologies, Inc., SATIR, Konica Minolta, Inc., Seek Thermal Inc., Sierra-Olympia Tech., Synectics plc., and InfiRay.

The uncooled technology segment is expected to dominate the thermal camera market during the forecast period.

North America is expected to present significant expansion opportunities to players in the thermal camera sector in the coming years.
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