Thermal Imaging Cameras Market Size, Status and Forecast 2026| HT Italia S.r.l., Allied Vision Technologies GmbH, Axis Communications AB., BAE Systems, Testo SE & Co. KGaA

Global Thermal Imaging Cameras Market

Global Thermal Imaging Cameras Market By Component (Hardware, Software, Services), Application (Surveillance, Threat Detection, Surveys, Predictive Maintenance, Radiology, Intelligent Transportation Systems, Commercial and Residential Security, Personal Vision, Firefighting, Research and Development, Automotive, Veterinary), Types (Active Receiving, Passive Receiving), End-User (Military and Defense, Industrial, Commercial, and Residential), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2026

Global thermal imaging cameras market is set to witness a substantial CAGR of 7.20% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market value can be attributed due to increasing adoption of thermal imaging in perimeter security and penetration in machine vision-based applications.

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Some of the major competitors currently working in the global thermal imaging cameras market are Xenics, Lynred, FLIR Systems, Inc., Fortive, United Technologies, Leonardo S.p.A., L3Harris Technologies, Inc., Axis Communications AB., BAE Systems, Testo SE & Co. KGaA, Fluke Corporation, JENOPTIK AG, AMETEK Land (Land Instruments International Ltd)., HT Italia S.r.l., Allied Vision Technologies GmbH, Zhejiang Dali Technology Co.,Ltd., FluxData Inc., CorDEX Instruments., IRCameras LLC., Keysight Technologies among others.

Market Definition: 

An optical system, display, sensor, signal processing and amplifier are the five elements present in thermal imaging cameras. These sections are integrated into heat-resistant, rough and water-resistant housing by specific thermal imaging cameras fire-service. These components operate together to make infrared radiation, such as that produced by hot objects or flames, visible in actual moment.

Market Drivers:

  • Development in the surveillance camera technology, is driving the market growth
  • Penetration in machine vision-based applications, is fueling the growth of the market
  • Reduction in value of thermal imaging products, is helping the market to grow
  • Growing acceptance of thermal imaging in perimeter security, fosters the growth of the market

Market Restraints:

  • Longwave infrared cameras require additional cameras for better detailing, and hampers the market growth
  • High initial investment associated with thermal imaging products, hinders the market growth

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By Component

  • Hardware
  • Software
  • Services

By Application

  • Surveillance
  • Threat Detection
  • Surveys
  • Predictive Maintenance
  • Radiology
  • Intelligent Transportation Systems
  • Commercial and Residential Security
  • Personal Vision
  • Firefighting
  • Research and Development
  • Automotive
  • Veterinary

By Types

  • Active Receiving
  • Passive Receiving

By End-User

  • Military and Defense
  • Industrial
  • Commercial
  • Residential

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Competitive Analysis

Global thermal imaging cameras market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of thermal imaging cameras market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Insights in the report

  1. Profiles of key players and brands
  2. To analyze based on end-users and applications and focus on the growth rate of each application.
  3. Market Penetration: Comprehensive information on the product portfolios of the top players in the Thermal Imaging Cameras Market
  4. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
  5. Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Thermal Imaging Cameras Market

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