The future of the global thermal imaging market looks promising with opportunities in the security & surveillance, monitoring & inspection, and detection & measurement markets. The global thermal imaging market is expected to reach an estimated $5.5 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing adoption in industrial and medical applications, increasing demand for security and surveillance in military and defense industry, and rising research and development investments by the market players.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the thermal imaging market by
product (thermal camera, thermal scopes, and thermal module), technology
(cooled and uncooled), application (security & surveillance, monitoring
& inspection, and detection & measurement), end use (industrial,
commercial, residential, aerospace & defence, automotive, healthcare, oil
& gas, food & beverages, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, thermal
camera, thermal scopes, and thermal module are the major segments of thermal
imaging market by product. Lucintel forecasts that thermal camera will remain
the largest segment over the forecast period due to its increasing adoption in
the commercial as well as residential sectors.
Within this market,
security and surveillance will remain the largest segment due to the rising
urbanization, threat of terrorism is increasing around the world, and
governments and businesses are investing heavily in security measures to protect
their citizens and assets.
North America will
remain the largest region during the forecast period due to increasing
requirement for surveillance from among the various end use industries,
on-going technological advancement of high-speed infrared cameras, and growing
government spending in the aerospace and defense market of the region.
FLIR System, United
Technologies, Opgal, Xenics, and BAE System are the major suppliers in the
thermal imaging market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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