Thermal Imaging Market

Industry Overview

The Global Thermal Imaging Market size was valued at USD 4.8 billion in 2023. It is likely to grow up to USD 5.7 billion by 2030 at a CAGR of 6.2% during the forecast period ranging between 2025 and 2030.

Rising government expenditure globally on the aerospace & defense sector is fueling the growth of the thermal imaging market size. Also the thermal imaging is adopted widely in the automotive industry, governments are developing innovative thermal imaging solutions and rising R&D investments by companies too contribute the market growth.

Global Thermal Imaging Market Report Coverage

Global Thermal Imaging Industry Dynamics     

Global Thermal Imaging Market Trends/ Growth Drivers:

Rising acceptance of thermal imaging in the automotive industry

Now-a-days various technological advancements in automotive industry are gaining traction like driverless vehicles, high-tech autonomous vehicles, and Advanced Driver-Assistance Systems (ADAS). In these type of automobiles, multiple sensors, proximity sensor, and thermal cameras are replaced by drivers to aid automatic navigation, driving, and enhanced situational awareness. Also to improve night vision and detect any animals or personnel in misty, and foggy conditions, and automatically stop the vehicle to prevent any accidents, these vehicles are used.

Furthermore to deliver advance thermal solutions for use in the automotive application, various thermal imaging solution providers and automotive manufacturing companies are joining hands. The thermal imaging technology is also used for non-destructive testing of automotive parts, such as tires and brakes, and micro-components to ensure vehicle safety and save time and money.

Global Thermal Imaging Market Challenges

Restriction imposed on export of thermal imaging products

US state government has imposed export restrictions on thermal cameras, thermal imaging cameras, and thermal sensors under International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR) laws, . Commodity jurisdiction approval is needed by The ITAR for the sale of restricted thermal cameras in the US. By restricting the US manufacturers from selling their products in countries other than the US hampers sales growth. Also many manufacturers and distributors have to follow the regulatory process to get approval, that is constraining the growth of the thermal imaging market share.

Global Thermal Imaging Market Opportunities

Rising adoption of thermography for early years stage diagnosis in healthcare applications

Thermal imaging is a non-invasive screening and diagnostic technique, which is combined with various other scanning tool which uses thermal cameras for infancy stage diagnose of cancer, injuries, infections, or vascular disease. It is one of the best preventive health assessment techniques, in which images are produced based on the amount of heat dissipated by the human body. This thermal imaging is used in mass neurological disorders, fever screening, along with breast cancer screening. Presently, organizations and researchers are conducting research studies to introduce and improve advanced thermal imaging techniques. Different groups and associations, including the American Academy of Thermology, the German Society of Thermography and Regulation Medicine (DGTR), the European Association of Thermology, the United Kingdom Thermography Association, and the Northern Norwegian Centre for Medical Thermography, promote the proper application of thermal imaging in the practice of sports medicine.

Recent Developments by the Key Players

Teledyne FLIR (part of Teledyne Technologies)and Gremsy (a pioneering provider of advanced gimbals and payloads) collaborated in the thermal by FLIR program. Gremsy incorporate the Boson radiometric thermal camera module as part of its gimbaled National Defense Authorisation Act (NDAA).

BAE Systems has launched NASA’s Europa Clipper spacecraft from Kennedy Space Flight Center in Florida. This satellite will orbit Jupiter and conduct the most detailed observations ever of one of its moons, Europa, to assess potential life sustaining environments below its icy surface.

Global Thermal Imaging Market Segmentation

VynZ Research provides an analysis of the key trends in each segment of the Global Thermal Imaging Market report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on product type, wavelength, technology, and application.

Insight by Product Type

Thermal cameras segment dominate the market growth during the forecast period

Based on the product type, the thermal imaging market is segmented into three divisions like thermal cameras, thermal modules and thermal scopes. The thermal cameras segment held the largest share of the market and continues the growth during the forecast period due to electronic image of high-quality precision is produced in less time.

Insight by Wavelength

The mid-wave infrared segment dominates the market during the forecast period

On the basis of wavelength, the market is divided into the shortwave infrared (SWIR), mid-wave infrared (MWIR), and longwave infrared (LWIR). The mid-wave infrared (MWIR) is projected to be the fastest-growing segment due to its ability to operate efficiently in harsh environments such as aerosol, and smoke.

Insight by Technology

Uncooled Segment shall dominate the market during the Forecast Period

According to the technology used, the market is segregated into cooled and uncooled segments. The cooled segment captures the maximum thermal imaging market share as these devices can detect the smaller temperature variations. The uncooled segment exhibited a high growth rate during the forecast period as these are less expensive than their counterparts and can be manufactured in fewer steps with higher yields.

Insight by Application

Security and surveillance segment to dominate the thermal imaging market

On the application basis, the thermal imaging market has been segregated into security and surveillance, monitoring and inspection, and detection and measurement. The security and surveillance segment is dominant among these segments as rapid urbanization increases the demand for advanced thermal imaging solutions for security and surveillance applications.

Global Thermal Imaging Market: Geographic Overview

Among all regions, North America dominated with the largest share of the thermal imaging market and is anticipated to continue this growth during the forecast period as this region is home to the major producers of thermal imaging components, like scopes, thermal cameras, and modules. Low cost of thermal imaging components, and the rising expenditure of government in the aerospace & defense sector is also contributing to the market growth.

Competitive Insights of Global Thermal Imaging Market:

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                  1.2.1.    By Product Type 
                  1.2.2.    By Wavelength 
                  1.2.3.    By Technology 
                  1.2.4.    By Application 
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                  1.5.1.  Data Sources
                             1.5.1.1. Primary Research
                             1.5.1.2. Secondary Research
                  1.5.2.  Methodology
                             1.5.2.1. Data Exploration
                             1.5.2.2. Forecast Parameters
                             1.5.2.3. Data Validation
                             1.5.2.4. Assumptions
                  1.5.3.  Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

       3.1.    Industry Dynamics
                 3.1.1.    Market Growth Drivers
                 3.1.2.    Market Restraints
                 3.1.3.    Key Market Trends
                 3.1.4.    Major Opportunities
       3.2.    Industry Ecosystem
                 3.2.1.    Porter’s Five Forces Analysis
                 3.2.2.    Recent Development Analysis
                 3.2.3.    Value Chain Analysis
       3.3.    Competitive Insight
                 3.3.1.    Competitive Position of Industry Players
                 3.3.2.    Market Attractive Analysis
                 3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

       4.1.    Global Market Overview
       4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

       5.1.    By Product Type 
                 5.1.1. Thermal Cameras
                           5.1.1.1. Market Definition
                           5.1.1.2. Market Estimation and Forecast to 2030
                 5.1.2. Thermal Modules
                           5.1.2.1. Market Definition
                           5.1.2.2. Market Estimation and Forecast to 2030
                 5.1.3. Thermal Scopes
                           5.1.3.1. Market Definition
                           5.1.3.2. Market Estimation and Forecast to 2030

       5.2.    By Wavelength 
                 5.2.1. Shortwave Infrared (SWIR)
                           5.2.1.1. Market Definition
                           5.2.1.2. Market Estimation and Forecast to 2030
                 5.2.2. Mid-wave Infrared (MWIR)
                           5.2.2.1. Market Definition
                           5.2.2.2. Market Estimation and Forecast to 2030
                 5.2.3. Long-wave Infrared (LWIR)
                           5.2.3.1. Market Definition
                           5.2.3.2. Market Estimation and Forecast to 2030

       5.3.    By Technology 
                 5.3.1. Cooled
                           5.3.1.1. Market Definition
                           5.3.1.2. Market Estimation and Forecast to 2030
                 5.3.2. Uncooled
                           5.3.2.1. Market Definition
                           5.3.2.2. Market Estimation and Forecast to 2030

       5.4.    By Application 
                 5.4.1. Security and Surveillance
                           5.4.1.1. Market Definition
                           5.4.1.2. Market Estimation and Forecast to 2030
                 5.4.2. Monitoring and Inspection
                           5.4.2.1. Market Definition
                           5.4.2.2. Market Estimation and Forecast to 2030
                 5.4.3. Detection and Measurement
                           5.4.3.1. Market Definition
                           5.4.3.2. Market Estimation and Forecast to 2030

6.   North America Market Estimate and Forecast

      6.1.    By Product Type   
      6.2.    By Wavelength   
      6.3.    By Technology   
      6.4.    By Application   
                6.4.1.    U.S. Market Estimate and Forecast
                6.4.2.    Canada Market Estimate and Forecast
                6.4.3.    Mexico Market Estimate and Forecast

7.   Europe Market Estimate and Forecast

      7.1.    By Product Type   
      7.2.    By Wavelength   
      7.3.    By Technology   
      7.4.    By Application   
                7.4.1.    Germany Market Estimate and Forecast
                7.4.2.    U.K. Market Estimate and Forecast
                7.4.3.    France Market Estimate and Forecast
                7.4.4.    Italy Market Estimate and Forecast
                7.4.5.    Spain Market Estimate and Forecast
                7.4.6.    Russia Market Estimate and Forecast
                7.4.7.    Rest of Europe Market Estimate and Forecast

8.   Asia-Pacific (APAC) Market Estimate and Forecast

      8.1.    By Product Type   
      8.2.    By Wavelength   
      8.3.    By Technology   
      8.4.    By Application   
                8.4.1.    China Market Estimate and Forecast
                8.4.2.    Japan Market Estimate and Forecast
                8.4.3.    India Market Estimate and Forecast
                8.4.4.    South Korea Market Estimate and Forecast
                8.4.5.    Vietnam Market Estimate and Forecast
                8.4.6.    Thailand Market Estimate and Forecast
                8.4.7.    Malaysia Market Estimate and Forecast
                8.4.8.    Rest of Asia-Pacific Market Estimate and Forecast

9.   Rest of the World (RoW) Market Estimate and Forecast

      9.1.    By Product Type   
      9.2.    By Wavelength   
      9.3.    By Technology   
      9.4.    By Application   
                9.4.1.    Brazil Market Estimate and Forecast
                9.4.2.    Saudi Arabia Market Estimate and Forecast
                9.4.3.    South Africa Market Estimate and Forecast
                9.4.4.    U.A.E. Market Estimate and Forecast
                9.4.5.    Other Countries Market Estimate and Forecast

10.  Company Profiles

       10.1.   FLIR Systems
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   BAE Systems
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Thermoteknix Systems
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Leonardo
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Fluke Corporation
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   United Technologies
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   L3HARRIS TECHNOLOGIES
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Testo
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Axis Communications
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Opgal
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Xenics
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments

11.    Appendix

         11.1.    Exchange Rates
         11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.