Thursday, December 24, 2020

Thermal Imaging Market To Reach USD 4.99 Billion By 2027 | Fluke Corporation, United Technologies, FLIR Systems, etc

Thermal Imaging Market


According to a recent report by Reports and Data, the global thermal imaging market is expected to hit USD 4.99 billion by 2027. Market demand is being guided by the growth of thermal imaging in various end-use industries. Increases in terrorist attacks have had a significant effect on government and non-government revenues. Market demand is rising due to terrorism, insecurity, global tensions, and cross-border terrorism. Investment in the defense sector to modernize military equipment is also an impetus for business development. During night time and extreme weather, thermal imaging allows armed forces to secure borders.

Market development also relies on the advancement of medical technology. Many opportunities for growth and the introduction of the latest advanced technologies in the sector provide the industry with considerable revenue impetus. The use of thermal imaging technology can be deployed in many fields, such as digital analysis and construction management. Studying energy losses, moisture inspections, and building envelope inspection is important for construction designers, and thermal imaging is a handy technology for this.

Coupled with the increasing demand for skilled surveillance, the increasing need for security applications in the public and private sectors, and the high level of investment in construction growth is driving market demand. However, consumer demand is being hampered by export restrictions and additional information needed for longwave infrared cameras.

The Asia Pacific market is expanding due to an increase in the automotive sector's adoption of technology and population growth. The population growth is generating a need for high-quality and improved transport in the region. Automotive manufacturers are developing designs and incorporating advanced technologies for improved driving assistance, such as Light Detection and Ranging (LiDAR).

To identify the key trends in the industry, click on the link below: 

https://www.reportsanddata.com/report-detail/thermal-imaging-market

Key participants in the thermal imaging market include:

·         Fluke Corporation

·         United Technologies

·         FLIR Systems, Inc.

·         Leonardo S.p.A.

·         Axis Communications AB

·         L3HARRIS Technologies, Inc.

·         Axis Communications AB

·         Opgal

·         Xenics

·         BAE Systems

For the purpose of this report, Reports and Data has segmented the Global Thermal Imaging Market on the basis of product type, application, industry vertical, and region:

Product Type Outlook (Revenue, USD Billion; 2017-2027)

·         Thermal Cameras

·         Thermal Scopes

·         Thermal Modules

Application Outlook (Revenue, USD Billion; 2017-2027)

·         Security and Surveillance

o    Unmanned Aerial Vehicle (UAV)

o    Perimeter Security

o    Tracking

·         Monitoring and Inspection

o    Structural Health Monitoring

o    HVAC System Inspection

o    Machine Condition Monitoring

o    Quality Assessment

·         Detection and Measurement

o    Fire/Flare Detection

o    Level Measurement

o    Gas Detection

o    Body Temperature Measurement

o    Prototype Assessment

Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)

·         Residential

·         Commercial

·         Industrial

·         Automotive

·         Aerospace and Defense

·         Oil and Gas

·         Healthcare and Life science

·         Food and Beverage

Regional Outlook (Revenue, USD Billion; 2017-2027)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

o    France

o    BENELUX

o    Rest of Europe

·         Asia Pacific

o    China

o    Japan

o    South Korea

o    Rest of APAC

·         Latin America

o    Brazil

o    Rest of LATAM

·         Middle East & Africa

o    Saudi Arabia

o    U.A.E.

o    Rest of MEA

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