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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<br>https://www.marketsandmarkets.com/Market-Reports/thermal-imaging-market-1300.html

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Key Market Dynamics in Thermal Imaging

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  1. 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-Reports/thermal-imaging-market-1300.html

  2. 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"

  3. 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.marketsandmarkets.com/pdfdownloadNew.asp?id=1300 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.

  4. 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/requestsampleNew.asp?id=1300 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.

  5. 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.marketsandmarkets.com/requestsampleNew.asp?id=1300 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.

  6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  7. Contact Us Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email:newsletter@marketsandmarkets.com For More Info: https://www.marketsandmarkets.com/PressReleases/thermal-imaging.asp

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