Infrared and Thermal Imaging Systems Market: Overview

Infrared and thermal imaging technology enables to detect people and objects in absolute darkness and in very diverse conditions.  The infrared and thermal imaging systems use state-of-art technology to detect heat or infrared radiations. Based on temperature difference these systems create crisp image. These systems are reliable in areas where critical temperature exists. These systems are compact and look much like a normal digital camera providing ease to generate real time high resolution image.

Recent advancements in infrared detectors have led to development of many remote infrared and thermal sensing devices for numerous applications such as space imaging, surveillance and remote sensing. Today, Infrared and thermal imaging cameras are available with wide range of performance capabilities and spectral sensitivity for broad range of bands.

Infrared and Thermal Imaging Systems Market: Drivers

The key driver for increasing demand of infrared and thermal imaging systems is growing soldier modernization programs. Increase in military budgets by governments across the world have is driving the infrared and thermal imaging market. Additionally, with introduction of high definition thermal imaging technology the infrared and thermal imaging systems market is expected to grow. Introduction of government policies act as major challenge for this market.

Although infrared and thermal imaging systems can see through light rain, snow, fog and total darkness, the distance they can see is affected by atmospheric conditions. Growing application areas provide key opportunity for infrared and thermal imaging market. Traditionally, infrared and thermal imaging systems were meant for military sector but have got heavily commercialized in numerous other sectors due to technological evolutions. Appearance of integrated solutions such as smartphones, automotive and closed circuit television (CCTV) cameras is expected to boost the market.

Infrared and Thermal Imaging Systems Market: Segmentation

Improvements in optic imaging technologies and sensor technologies have enabled original equipment manufacturers (OEMs) to provide low priced products. Based on technology, the infrared and thermal imaging systems are categorized as uncooled and cooled infrared thermal imaging systems. Numerous commercial imaging applications require infrared cameras with cooled detectors as they offer superior response time, spectral behavior and sensitivity. There are endless applications of infrared and thermal imaging systems.

However, the major application areas of infrared and thermal imaging systems include surveillance and security, transportation, military vehicle vision, thermography and others. Besides these applications, Infrared and thermal imaging systems are also used for high voltage inspections where power transformers, switchers and circuit breakers are usually checked.

Infrared and Thermal Imaging Systems Market: Region-wise Outlook

Geographically, North America holds the largest share of infrared and thermal imaging systems. Due to strict defense budgets in Europe and North America, the growth of this market is expected to be slow compared to Asia Pacific and Middle Eastl. Asia Pacific shows strong growth rate due to availability of cheap labor and growing defense expenditure. The key players of infrared and thermal imaging market include Flir Systems Inc., Drs Technologies, Lockheed Martin, Thales Group, Honeywell Aerospace, Elbit Systems Ltd., Danaher Corporation, BAE Systems, L-3 Communications Holdings Inc. and Raytheon Company among others. These key players are competing to establish strong foothold by providing low cost products.

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, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, 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.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Infrared And Thermal Imaging Systems Market