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
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Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. 4.8 Billion
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Revenue Forecast in 2030
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U.S.D. 5.7 Billion
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Growth Rate
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6.2%
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Segments Covered in the Report
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By Product Type, By Wavelength, By Technology and By Application
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Report Scope
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Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
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Regions Covered in the Report
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North America, Europe, Asia Pacific and Rest of the World
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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
- Thermal Modules
- Thermal Scopes
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
- Shortwave Infrared (SWIR)
- Mid-wave Infrared (MWIR)
- Long-wave Infrared (LWIR)
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
- Monitoring and Inspection
- Detection and Measurement
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
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Vietnam
- Thailand
- Malaysia
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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
