Thermal Camera Market Research Report - Forecast till 2027

Thermal Camera Market Research Report: By Type (Cooled IR Detector and Uncooled IR Detector), Mobility (Handheld and Fixed/Mounted), Application (Building Inspection, Fault Detection, Law Enforcement, Medical, Industrial Process, Astronomy, Meteorology, and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/SEM/7238-HCR | February 2021 | Region: Global | 100 pages         

Thermal Camera Market

Thermal Camera Market was valued at USD 6.85 Billion in 2018; it is expected to reach USD 13.78 Billion by the end of the forecast period at a CAGR of 10.8%.

Segmentation

Thermal Camera Market, By Type Cooled IR detector Uncooled IR detector
Thermal Camera Market, By Mobility Handheld fixed Handheld Mounted
Thermal Camera Market, By Application Building inspection Fault detection Law enforcement Medical Industrial process Astronomy Meteorology Others
Thermal Camera Market, By Region Europe Americas Asia Pacific the Rest-of-the-World.

Key Players

  • FLIR Systems Inc.
  • Seek Thermal
  • Axis Communications AB
  • Opgal Optronic Industries Ltd.
  • Jenoptik AG
  • Fluke Corporation
  • PCE Instruments
  • Mobotix AG
  • LumaSense Technologies Inc.
  • Spectronic Plc.
  • Optris GmbH
  • Schneider Electric SE
  • DIAS Infrared GmbH
  • InfraTec GmbH
  • Ulirvision Technology Co. Ltd.
  • HikVision Digital Technology Co.
  • Micro-Epsilon
  • Caterpillar Inc.
  • Bullit Mobile Ltd.
  • 3M Scott

Drivers

  • Rapid development of new cooling technologies
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Thermal Camera Market Overview


Thermal Camera Market was valued at USD 6.85 Billion in 2018; it is expected to reach USD 13.78 Billion by the end of the forecast period at a CAGR of 10.8%. Thermal cameras are devices that aid in the monitoring and recording of temperatures generated by electrical enclosure devices. Thermal camera designers must ensure that the finished product is compatible with the thermal management system's technology. The latest thermal management systems work in and around the three primary heat transmission modes: conduction, convection, and radiation. It is now easier to maintain dependability and hence avoid early failure thanks to the rapid development of new cooling technologies increasing the Thermal Camera Market Trends. Thermal cameras are used mostly in high-powered military weapons, construction inspection, fault detection and diagnostics, and medical and astronomical research.


COVID 19 Analysis


Global economic growth has slowed as a result of the onset and spread of COVID-19. It has hurt several sectors, including the Thermal Camera Market. Companies are planning and trying to keep their operations running. It is the primary obstacle that businesses encounter and it is product manufacturing and distribution. To restrict the spread of the epidemic, some nations around the world have implemented or extended lockdowns, causing interruptions in the thermal imaging market's supply chain. Thermal cameras are crucial in limiting the spread of the coronavirus within a company. These cameras use thermal imaging to identify people with high body temperatures reliably and rapidly. Thermal body temperature solutions aid in the detection of body temperature, a key symptom of the disease, and can thus be used as a supplement to other COVID-19 prevention measures in healthcare institutions. Thermal cameras have been installed at several airports across the world as demand for non-contact temperature sensing technology grows as the number of COVID-19 cases rises. Thermal cameras have also been installed at other transit hubs where passenger traffic is heavy and it is impossible to physically check each person's temperature. This helps in growing Thermal Camera Market Opportunities during the Thermal Camera Market Analysis.


Market Dynamics


Drivers


In the automotive business, high-tech autonomous vehicles, often known as driverless vehicles or Advanced Driver-Assistance Systems (ADAS), are now gaining traction. Multiple sensors, such as a Light Detection and Ranging (LIDAR) sensor, a Radio Detection and Ranging (RADAR) sensor, a proximity sensor, and thermal cameras, substitute drivers in these cars to enable automatic driving, navigation, and better situational awareness. Thermal imaging cameras are put into self-driving cars to improve night vision and detect pedestrians or animals in congested settings, misty or foggy situations, and automatically stop the vehicle to avoid any accidents. Thermal imaging cameras are used in the automotive industry to allow drivers to see in extreme lighting and weather situations to avoid accidents and assure safety. Automotive manufacturers and thermal imaging solution suppliers are working together to develop innovative thermal solutions for the automotive industry increasing the Thermal Camera Market Trends during the Thermal Camera Market Analysis. For example, ADASKY, an Israeli startup, teamed up with Magneti Marelli, an Italian developer, and manufacturer of high-tech automotive components, to create the Viper thermal detecting camera, which is integrated into autonomous car headlamps.


Restraints


The US state government has imposed export restrictions on thermal imaging cameras, thermal cameras, and thermal sensors under the International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR) legislation. The US Department of State is in charge of ITAR legislation, while the US Department of Commerce is in charge of EAR laws. Devices are subjected to these limitations based on sensor size and pixel pitch, thus decreasing the Thermal Camera Market Size and Thermal Camera Market Share. Uncooled microbolometer-based thermal imaging cameras with a frequency of less than or equal to 9 Hz, for example, can be purchased without limitation, however thermal imaging cameras with a pixel pitch of less than 17 um are restricted. There are not only manufacturers but also distributors need commodity jurisdiction approval to sell these items, which adds to the complexity and costs of the sale and acquisition of these devices. As a result, prohibiting US firms from selling their goods in nations other than the United States stifles the Thermal Camera Market Opportunities.


Technology Analysis


Manufacturers have reduced the size of semiconductor components as a result of technological developments across industry verticals, resulting in a reduction in overall device size. Miniaturization brings electronic components closer together in a device, limiting heat conduction and raising the gadget's overall temperature. Due to miniaturization, the demand for tiny electronic components in the automotive industry, consumer electronics, healthcare, aerospace, and the military is predicted to rise, resulting in a greater demand for effective heat management systems and, as a result, for thermal cameras.


Segment Overview


The Global Thermal Camera Market is further bifurcated into various segments depending on various factors to help the market to grow as per the predicted CAGR growth by the end of the forecast period in 2023. The Global Thermal Camera Market is segmented based on the following:


Thermal Camera Market, By Type



  • Cooled IR detector

  • Uncooled IR detector


Thermal Camera Market, By Mobility



  • Handheld fixed

  • Handheld Mounted


Thermal Camera Market, By Application



  • Building inspection

  • Fault detection

  • Law enforcement

  • Medical

  • Industrial process

  • Astronomy

  • Meteorology

  • Others


Thermal Camera Market, By Region



  • North America

  • Europe

  • Asia-Pacific

  • The Rest of the World


Regional Classification


Because of the rising usage of thermal cameras in the automotive, medical, and industrial industries for applications such as fault detection and diagnostics, heat dissipation detection, and meteorology, North America dominated the market during the historic forecast period. Asia-Pacific, on the other hand, is predicted to have the greatest CAGR during the forecast period. North America held the highest share of the thermal imaging market, and this trend is projected to continue during the forecast period. Thermal imaging components, such as thermal cameras, scopes, and modules, are produced in large quantities in the region. The United States is the region's largest contributor, accounting for 89 percent of the total thermal imaging market share in North America. The existence of multiple manufacturers and distributors, the low cost of thermal imaging components, and the increasing government expenditure in the aerospace and military industry are all contributing to the growth of the thermal imaging market in this region.


Competitive Landscape


With a large number of regional and worldwide players, the thermal imaging system market is relatively consolidated. Product innovations are being used by the market's leading players to win market share. Cost, product quality, and reliability are all factors in the vendors' competition. This market's vendors are concentrating on upgrading their services and expanding geographically into undeveloped and developing countries. Their key focus is on improving existing camera technologies with innovative cooling solutions to ensure that heat is maintained efficiently and optimally within devices and equipment. The major key players in the Thermal Camera Market are as follows:



  • FLIR Systems Inc.

  • Seek Thermal

  • Axis Communications AB

  • Opgal Optronic Industries Ltd.

  • Jenoptik AG

  • Fluke Corporation

  • PCE Instruments

  • Mobotix AG

  • LumaSense Technologies Inc.

  • Spectronic Plc.

  • Optris GmbH

  • Schneider Electric SE

  • DIAS Infrared GmbH

  • InfraTec GmbH

  • Ulirvision Technology Co. Ltd.

  • HikVision Digital Technology Co.

  • Micro-Epsilon

  • Caterpillar Inc.

  • Bullit Mobile Ltd.

  • 3M Scott


Thermal Camera Market Recent Developments



  • ABB bought GE Industrial Solutions to expand its global reach, distribution network, and sales force to provide a comprehensive product portfolio to its clients.

  • Schneider Electric SE introduced the ClimaSys DT data loggers to investigate various temperature conditions in current and new equipment. The ClimaSys DT data recorders are used to monitor both indoor and outdoor temperatures.

  • Caterpillar Inc. and ANSYS Inc. cooperated on CFD simulation software to tackle the industry's biggest design issues while providing consumers with some of the most cutting-edge solutions available.


Thermal Camera Market Report Overview


This report includes an analytical picture of the global thermal camera market size, as well as current trends and future projections, to show potential investment areas. The overall goal of the global thermal camera market analysis is to identify profitable trends to obtain a firmer foothold. To gauge financial competency, the present global thermal imaging camera market prediction is statistically analyzed. The potency of buyers and suppliers in the worldwide thermal camera market is illustrated. The research contains the market share of leading manufacturers in the global thermal camera market as well as global industry trends.



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Frequently Asked Questions (FAQ) :

The upsurge in demand from high-power military systems is expected to drive the market in the forecast period.

Opgal Optronic Industries Ltd, PCE Instruments, Axis Communications AB, Mobotix AG, LumaSense Technologies Inc, Spectric Plc, Optris GmbH, Jenoptik AG, DIAS Infrared GmbH and Ulirvision Technology Co Ltd are the market contenders.

USD 13.78 Billion is the expected revenues from the market in the forecast period.

The broad application scope of thermal cameras in the North American region is expected to make the region a leader in the global market.

The interval included in the report is from 2018 to 2025.