Thermal Imaging Camera Market Report: Trends, Forecast and Competitive Analysis to 2030

Thermal Imaging Camera Trends and Forecast

The future of the global thermal imaging camera market looks promising with opportunities in the industrial, marine, aerospace & defense, commercial, and automotive markets. The global thermal imaging camera market is expected to reach an estimated $4.66 billion by 2030 with a CAGR of 10.1% from 2024 to 2030. The major drivers for this market are increasing adoption of thermal cameras in manufacturing sector and rising usage of these camera for security & surveillance as they are cost-effective and ensures preventive maintenance.

A more than 150-page report is developed to help in your business decisions.

Thermal Imaging Camera by Segment

The study includes a forecast for the global thermal imaging camera by product, type, application, end use, and region.

Thermal Imaging Camera Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Camera
• Modules
• Scope & Goggles

Thermal Imaging Camera Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Cooled
• Uncooled

Thermal Imaging Camera Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Security & Surveillance
• Monitoring & Inspection
• Detection & Measurement

Thermal Imaging Camera Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Marine
• Aerospace & Defense
• Commercial
• Automotive
• Others

Thermal Imaging Camera Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Thermal Imaging Camera Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermal imaging camera companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermal imaging camera companies profiled in this report include-

• Synectics
• Thermoteknix Systems
• Infratec
• Bullard
• Satir
• Fluke Corporation
• Seek Thermal
• Opgal Optronic Industries
• Teledyne Technologies Incorporated

Thermal Imaging Camera Market Insights

Lucintel forecasts that scope & goggles are expected to witness highest growth over the forecast period.

Within this market, industrial will remain the largest segment due to increasing adoption of these cameras for various industrial applications as they ensures preventive maintenance, quality control, and identifying issues like overheating machinery or electrical components.

APAC is expected to witness highest growth over the forecast period due to rapid industrialization, on-going infrastructure development, and increasing defense spending in the region.

Features of the Global Thermal Imaging Camera Market

Market Size Estimates: Thermal imaging camera market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Thermal imaging camera market by various segments, such as by product, type, application, end use, and region in terms of($B).

Regional Analysis: Thermal imaging camera market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, types, applications, end uses, and regions for the thermal imaging camera market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermal imaging camera market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the thermal imaging camera market size?

Answer: The global thermal imaging camera market is expected to reach an estimated $4.66 billion by 2030.

Q.2 What is the growth forecast for thermal imaging camera market?

Answer: The global thermal imaging camera market is expected to grow with a CAGR of 10.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the thermal imaging camera market?

Answer: The major drivers for this market are increasing adoption of thermal cameras in manufacturing sector and rising usage of these camera for security & surveillance as they are cost-effective and ensures preventive maintenance.

Q4. What are the major segments for thermal imaging camera market?

Answer: The future of the global thermal imaging camera market looks promising with opportunities in the industrial, marine, aerospace & defense, commercial, and automotive markets.

Q5. Who are the key thermal imaging camera market companies?

Answer: Some of the key thermal imaging camera companies are as follows:

• Synectics
• Thermoteknix Systems
• InfraTec
• Bullard
• SATIR
• Fluke Corporation
• Seek Thermal
• Opgal Optronic Industries
• Teledyne Technologies Incorporated

Q6. Which thermal imaging camera market segment will be the largest in future?

Answer: Lucintel forecasts that scope & goggles are expected to witness highest growth over the forecast period.

Q7. In thermal imaging camera market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization, on-going infrastructure development, and increasing defense spending in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the thermal imaging camera market by product (camera, modules, and scope & goggles), type (cooled and uncooled), application (security & surveillance, monitoring & inspection, and detection & measurement), end use (industrial, marine, aerospace & defense, commercial, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?