Key Market Dynamics in Thermal Imaging

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MarketsandMarkets Presents

Key Market Dynamics in Thermal Imaging Thermal
Imaging Market by Technology (Uncooled, Cooled),
Wavelength (LWIR, SWIR), Product (Cameras,
Modules), Application (Security Surveillance,
Monitoring Inspection), Vertical (Aerospace
Defense, Healthcare), Region - Global Forecast to
2025 https//www.marketsandmarkets.com/Market-Re
ports/thermal-imaging-market-1300.html
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According to the research report "Thermal
Imaging Market by Technology (Uncooled, Cooled),
Wavelength (LWIR, SWIR), Product (Cameras,
Modules), Application (Security Surveillance,
Monitoring Inspection), Vertical (Aerospace
Defense, Healthcare), Region - Global Forecast to
2025", published by MarketsandMarkets, the
global Thermal Imaging Market is estimated to
grow from USD 3.4 billion in 2020 to USD 4.6
billion by 2025 at a CAGR of 6.2. Increasing
government expenditure on the aerospace defense
sector is one of the factors fueling the growth
of this market. Browse 121 market data Tables
and 54 Figures spread through 188 Pages and
in-depth TOC on "Thermal Imaging Market - Global
Forecast to 2025"
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Thermal Imaging Market for uncooled
technology-based thermal products accounted for
larger share of market in 2019 The Thermal
Imaging market for uncooled thermal products
accounted for a larger share of the market in
2019. The growth of this market is attributed to
the increasing demand for uncooled thermal
solutions for commercial applications.
Furthermore, the availability of HD resolution
makes uncooled thermal solutions an ideal
solution for high-resolution applications, such
as military security and surveillance, perimeter
protection, industrial detection, and automotive
diagnostic. Moreover, they offer long-time
services due to the presence of less moving
parts. Ask PDF Brochure https//www.marketsandma
rkets.com/pdfdownloadNew.asp?id1300 Thermal
Imaging Market for SWIR thermal products expected
to grow at highest CAGR during forecast
period The SWIR segment is projected to lead the
thermal imaging market with the highest CAGR of
8.9 from 2020 to 2025. The growth is expected
due to several advantages offered by SWIR, such
as the ability to see through a glass,
availability in small size, and ability to see
the covert laser. Moreover, as the technological
advancements and efforts to launch new low-priced
SWIR cameras, is likely to increase the
penetration of SWIR cameras.
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Thermal Imaging Market for thermal modules is
expected to grow at highest CAGR during forecast
period Thermal modules are estimated to grow at
the highest CAGR during the forecast period. The
growth is estimated owing to their compact size,
low cost, and flexibility to integrate with other
devices such as drones, smartphones, and
wearables, enabling them to penetrate in new
application areas. Leonardo S.p.A. (Rome, Italy),
and Leonardo DRS (US), BAE Systems (UK), and
Xenics (Belgium) are the major manufacturer and
supplier of thermal modules. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id1300 Thermal Imaging Market for
Security and surveillance application accounted
for largest share of market in 2019 The security
and surveillance application held the largest
share of the thermal imaging market in 2019. The
growth is attributed to the increasing government
expenditure in the military sector. According to
the Stockholm International Peace Research
Institute (SIPRI), in 2018, the global military
expenditure was USD 1,822 billion, which was
increased by 2.6 compared to 2017. This increase
is mainly carried out to procure advance
protective systems and gadgets, which enables the
soldiers to safeguard country borders from
illegal human or animal activities.
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Thermal Imaging Market for healthcare and life
sciences vertical is expected to grow at highest
CAGR during forecast period The healthcare and
life sciences vertical is expected to grow at the
highest CAGR during the forecast period. The
growth is attributed to increasing usage of
thermography for detection of internal injuries
without affecting the human body. This technique
is also useful in monitoring wildlife health,
which helps to cure and protect them from
illness. Request Free Sample Pages https//www.m
arketsandmarkets.com/requestsampleNew.asp?id1300
APAC is expected to grow at highest CAGR during
forecast period APAC is expected to grow at the
highest CAGR during forecast period. The growth
of the thermal imaging market in APAC is
attributed to the presence of regional vendors in
China and India, offering low-cost solutions,
which in turn causes a decline in prices of
thermal imaging products. Additionally, the
increase in mass production of the thermal camera
in China supports the growth of the market along
with the presence of a number of OEMs as well as
thermal imaging product manufacturers.
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