Thermal imaging systems effectively transform heat i.e. thermal energy into visible light in order to analyze the environment. These systems are highly precise and they require a small amount of heat to create thermal images. It is a method of increasing the visibility of objects in darkness by detecting infrared radiations from the object and creating thermal images based on this information. The thermal imaging technology was developed for use in military operations and applications that require clear vision in low-light conditions such as in the evening, at night, or in foggy atmosphere. Customized thermal imaging cameras are used in the food industry for temperature measurements. Custom thermal imaging systems are also applied in the automobile industry for quality control of air bags and temperature control during the manufacturing process of vehicle parts.
Rising demand for custom thermal imaging in machine-vision-based industrial applications and increasing demand for residential security applications are driving the custom thermal imaging market. Additionally, increasing popularity of custom thermal imaging for use in mobile cameras is expected to boost the market during the forecast period. Increasing need for thermal monitoring and inspection in the military & defense sector has led to increasing demand for development of thermal imaging systems. These systems witness high demand in the defense & aerospace sector for use in border security for law enforcement. Increasing demand for more advanced custom thermal imaging systems creates revenue opportunity from different customer segments for customer thermal imaging manufacturers. The development of unmanned aerial vehicles (UAVs) for use in airborne thermal imaging is expected to boost the market growth during the forecast period. Prices of thermal imaging systems customized for residential and commercial applications are higher than other surveillance systems. There exist certain export limitations on military custom thermal imaging systems, due to security-related concerns. This restrains the market for custom thermal imaging.
The global custom thermal imaging market can be categorized based on type, application, end-user, platform, and geography. Based on type, the market can be segmented into scopes, cameras, and modules. Based on application, the market can be categorized into monitoring & inspection, security & surveillance, and detection. The monitoring & inspection segment includes machine condition monitoring, structural health monitoring, and quality assessment. The security & surveillance segment comprises perimeter security, tracking, and unmanned aerial vehicles (UAVs). The detection segment includes gas detection, fire detection, level measurement, body temperature measurement, and research & development. Based on end-user, the custom thermal imaging market can be divided into residential, health care & life science, aerospace & defense, food & beverages, automotive, and oil & gas. In terms of platform, the market can be segregated into portable and fixed mounted.
Based on geography, the global custom thermal imaging market can be segmented into Europe, North America, Asia Pacific, Middle East & Africa, and South America. North America is estimated to hold a dominant share of the global custom thermal imaging market for custom thermal imaging during the forecast period, due to presence of major manufacturers of custom thermal imaging systems and R&D centers for thermal imaging in this region. Asia Pacific is expected to be the rapidly expanding market for custom thermal imaging between 2018 and 2026, due to increasing demand for thermal imaging products for use in military applications and surveillance camera equipment in the region. Several manufacturers are expected to offer more advanced custom thermal imaging systems to different industries in the near future for expanding their customer base.
Major players operating in the global custom thermal imaging market are Teledyne Technologies, Inc., FLIR Systems, Inc., Thales Group, Lockheed Martin Corporation, L3 Technologies, Inc., BAE Systems plc, The Raytheon Company, Sofradir, Harris Corporation, and General Dynamics Mission Systems, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.