Thermal Imaging Market Was Estimated at US$4.087 billion in 2019


Posted June 8, 2020 by marketresearch12

A technique to enhance the visibility and render clarity to objects in an inadequately lit environment, penetrating obscurants Viz. smoke, fog, and haze using infrared radiation and creating images based on that radiation are called thermal imaging.

 
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The thermal imaging market growth has been majorly fueled by various technological advancements that medical imaging technologies have been the case in areas of medicine and healthcare during the past few years. It is also extensively used in medical research. For example, as recent as March 2020, it has been used to research infrared thermography which as a technique has a potential among other conventional methods for revealing the skin temperature differences which stems from irregularities in temperature dispersion that ultimately aids in discerning diseases and corporeal disorders. Additionally, the current predicament that the entire world is facing due to the unfortunate COVID19, there are efforts underway to aid businesses to reduce the spread of coronavirus with the launch of a new suite of fever-screening solutions, which can detect human temperatures to within an accuracy of 0.3ºC. The applications of these devices range from healthcare, public spaces, retail stores as well as business headquarters. To this end, Mitie Security, a part of facilities management company Mitie Group,has endeavored in the aforesaid and to enable the services in different situations, from hand-held units to mounted cameras the technology has been developed in several formats. Moreover, the trend of thermal imaging applications is further poised to increase creating more opportunities leading to a plausible growth of the market.

Further, per social distancing measures, manual screenings measures are practical deterrents to mitigate COVID19, to this end Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence ("AI") solutions and digital media properties, begun shipping a suite of I thermal solutions, that are inclusive of but not limited to thermal kits, thermal pads, and thermal helmets, in the United States and Japan. These solutions can reportedly scan approx120 people per minute which is 10 times faster than manual checks. It also providestouch-free access control and monitoring, as well as accurate temperature measurement. The attractive part of the solution I that it can filter out non-heat non-human heat sources and provide security personnel with real-time alerts with photo identification.

Nevertheless, the medical industry or healthcare is not the only sector where thermal imaging has emerged integral, it also applied in profusion as far as construction management is concerned.



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The recent study on the Thermal Imaging Market covers an in-depth analysis of the market based oncomponent, industry vertical, and geography.The report also covers the country-level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2020-2025. According to the report titled “Thermal Imaging Market – Forecasts from 2020 to 2025”, the market is estimated to grow at a steady rate during the forecast period. The report has segmented the Thermal Imaging Market by Component (Hardware, Software, Services);By Industry Vertical (Military And Defense, Manufacturing, Consumer Electronics, Aviation, Construction, Others) And geographies such as North America, South America, Europe, Middle East, and Africa and the Asia Pacific.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the global Thermal Imaging Market.

Major players covered as part of the report areFLIR Systems, Inc., Fortive, Axis Communications, Seek Thermal,Selex ES, Leonardo – Società per azioni, L3 Technologies, Inc., BAE Systems, Testo SE & Co. KGaA and Xenicsamong others.

Segmentation

This report segmented the Thermal Imaging Market on the basis following terms

By Component

Hardware
Software
Services
By Industry Vertical

Military and Defense
Manufacturing
Consumer Electronics
Aviation
Construction
Others
By Geography

North America
South America
Europe
Middle East and Africa
Asia Pacific
Unique reasons to buyThermal Imaging Market report-

In-depth analysis with sufficient data points and references included.
Best possible insights in addition to a detailed analysis of drivers and restraints.
Comparison between the market players and in-depth analysis of their strategies through competitive benchmarking.
Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.
Scope of Research of Thermal Imaging Market

The forecast period is from 2020 to 2025with 2019 as the base year.
Leading industry trends and regulations, key business opportunities, drivers and restraints at the global and regional level
Strategies of the key players in analyzing the competitive benchmarking are provided in the report
Corporate profiles of leading players along with their financial profiles across regions and industry verticals can be provided on customization requests.


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Tags thermal imaging market , thermal imaging market share , thermal imaging market size , thermal imaging market trend
Last Updated June 8, 2020