According to a GMI, Inc., report, global thermal imaging market size is anticipated to grow significantly in the forthcoming years. The escalating demand for thermal imaging technology from sectors like automotive, aerospace, defense, and others will augment industry expansion in the upcoming years. Rising investments towards the enhancement of technologies used in automobiles globally will positively influence product adoption in the automotive sector.

Parking sensor, airbag systems, and others in vehicles extensively rely on thermal imaging technology to effectively function in a rugged environment.

The application in detection and measurement is likely to experience exponential growth in the forthcoming years. Thermal imaging technology is widely utilized across the production and manufacturing industries in various temperature reading applications. Constant temperature measurement plays a pivotal role in these industries to improve the quality of the produced goods. Following mentioned are some factors driving thermal imaging adoption in various low-light imaging requirements.

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Robust demand in a low-visibility environment

The technology is used to create images of an object in a low-visibility environment based on the information collected by utilizing thermal and infrared radiation. Robust advancement in the technology and its growing incorporation in night vision technologies would drive the thermal imaging industry growth. The integration of sensitive heat sensors with thermal imaging cameras or imagers enables these imaging devices to trace minute temperature differences.

Growing penetration of smartphone dongles

Thermal imaging demand from the handheld/portable camera segment is expected to witness lucrative growth in the approaching years. The availability of popular smartphone dongles at comparatively low cost than the handheld imagers, which are designed for imaging such as FLIR One and SEEK Thermal Compact will induce price competitiveness in the thermal imaging market. Contrastingly, certain limitations of these thermal imaging cameras in terms of their inability to efficiently function in higher temperatures, water, glass, and others could impede the industry expansion to some extent.

Requirements in automotive diagnostics

Based on the end-use, use of thermal imaging in automotive diagnostics will grow over the next few years. The product’s integration in automobiles is quite helpful in enhancing airbag system designs, carrying out quality checks on welds and bonds, validating HVAC system efficiencies, and quantifying the thermal impacts of operation on vehicle tires. Prominent automotive companies including Audi, BMW, and Porsche have increasingly adopted thermal imaging technology for several years.

Growing applications in UAVs

The growing adoption of the product in the automotive and military sectors is expected to complement the thermal imaging market share in the upcoming years. The incorporation of advanced cameras in UAVs (Unmanned Aerial Vehicles) that are used in several military operations will boost product demand to increase UAVs’ operational limits. Also, the technology efficiently aids aircraft to easily navigate through dark surroundings and identify the target even in adverse weather conditions.

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Thermal imaging industry across Latin America and the Middle East

The escalating deployment of thermal imaging cameras in countries like Colombia, Mexico, and Brazil for security applications would augment regional industry progression. Growing crime rates in these geographies are influencing governments of these regions to increase their defense budgets, which will positively influence the demand for the product. Also, the surging incorporation of the product for residential security applications in Latin America will complement industry expansion across these territories.

Robust economic growth in the Middle East owing to rapid industrialization and a rising number of oil and gas companies will trigger the product demand for numerous detection applications. The growing penetration of IR cameras in the oil and gas sector on account of their usability in preventive maintenance will uplift the thermal imaging market in the region.

The growing demand for the technology owing to its ability to capture images without any ambient light and in conditions like haze, smoke, and fog, as compared with other heat-based imaging solutions like low-light imaging and near-infrared illumination will encourage thermal imaging business expansion in the coming years.

Table of Contents (ToC) of the report:

Chapter 1.    Methodology and Scope

1.1.  Scope & definitions

1.2.  Methodology and forecast parameters

1.3.  Data sources

1.3.1. Primary

1.3.2. Secondary

Chapter 2.    Executive Summary

2.1.  Thermal imaging market 360° synopsis, 2016 – 2026

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Product trends

2.1.4. Technology trends

2.1.5. End-use trends

2.1.6. Application trends

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