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Thermal Imaging Market by Component (Hardware, Software, Services), Application (Surveillance, Threat Detection, Radiology, Automotive, and Others), End User (Military & Defense and Industrial, Commercial & Residential), and Region - Global Forecast to 20

Thermal Imaging Market by Component (Hardware, Software, Services), Application (Surveillance, Threat Detection, Radiology, Automotive, and Others), End User (Military & Defense and Industrial, Commercial & Residential), and Region - Global Forecast to 2021

Decline in the prices of thermal cameras and surging demand for thermal cameras in smartphones and all commercial applications are driving the thermal imaging market”
The global thermal imaging market size is estimated tgrow from USD 7.71 billion in 2016 tUSD 10.27 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 5.9%. The thermal imaging market is driven by factors such as declining prices of thermal cameras and their surging demand in all commercial applications such as automotive, veterinary, intelligent transportation systems, and many others.

“The automotive application market is expected tgain high traction during the forecast period”
The automotive application market is estimated tgrow with the highest CAGR during the forecast period. Automotive application is gaining traction in the market as thermal cameras help the driver detect objects, animals, and pedestrians on the road even in difficult visibility conditions. Moreover, theses cameras alshelp drivers tknow about approaching curves in advance; see road edges better; and tsee through dust, smoke, light fog, rain, and total darkness.

“North America is expected tcontribute the largest market share during the forecast period”
North America has captured the largest market share in 2016. This region is witnessing rapid growth of thermal imaging products and services by end users due tthe decline in the prices of thermal cameras. The stern non-compliance measure adopted by the government and various regulatory bodies in the region has given a thrust tthermal imaging products and services, which is expected tgain further traction in this region in the forecast period. North America is alsthe fastest growing region with the highest CAGR. This region offers potential growth opportunities due tthe presence of a large number of thermal imaging vendors.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:
By Company Type: Tier 1: 33%, Tier 2: 27%, and Tier 3: 40%
By Designation: C level: 35%, Director level: 25%, and Others: 40%
By Region: North America: 52%, Europe: 20%, Asia-Pacific (APAC): 20%, Rest of the World (RoW): 8%
The latest trends in thermal imaging include thermal imaging cameras for smartphones. Declining thermal camera prices and their surging demand in smartphones and all commercial applications are driving the thermal imaging market, which is improving the overall business value. The thermal imaging market is consumer driven and its major end users are military & defense and industrial, commercial & residential sectors. Moreover, the market in APAC is gaining traction due tincreasing economic growth and high defense spending.

The various key thermal imaging vendors profiled in the report are as follows:
1. FLIR Systems, Inc. (Wilsonville, Oregon, U.S.)
2. Fluke Corporation (Washington, U.S.)
3. Bae Systems (London, U.K.)
4. L-3 Communications Holdings, Inc. (New York, U.S.)
5. DRS Technologies, Inc. (Arlington, Virginia, U.S.)
6. Axis Communications (Lund, Sweden)
7. Honeywell International, Inc. (New Jersey, U.S.)
8. Raytheon Company (Waltham, Massachusetts, U.S.)
9. Thermoteknix Systems Ltd. (Cambridge, U.K.)
10. TestAG (Lenzkirch, Germany)

Report Objectives:
Tdefine, describe, and forecast the global thermal imaging market on the basis of components, applications, end users, and regions
Tprovide detailed information regarding the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
Tstrategically analyze micro-markets with respect tindividual growth trends, future prospects, and contribution tthe total market size
Tforecast the market size of market segments with respect tfive main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America
Tanalyze the opportunities in the market for stakeholders and provide strategic profiles of the key players in the market tcomprehensively analyze the core competencies and draw competitive landscape for the market
Ttrack and analyze competitive developments such as Mergers and Acquisitions (M&A), new product developments, and Research and Development (R&D) activities in the market

Key Target Audience:
Thermal imaging vendors
Research organizations
Government agencies
Consulting companies
Value-added resellers

Market Segmentation:
The research report segments the thermal imaging market intthe following submarkets:
By Component:
Hardware
Software
Services
By Application:
Surveillance (airborne, maritime, land)
Threat detection
Surveys
Predictive maintenance
Radiology
Intelligent transportation system
Commercial and residential security
Personal vision
Firefighting
Research and development
Automotive
Veterinary
Others
By End User:
Military and defense
Industrial, commercial, and residential
By Region:
North America
Europe
APAC
MEA
Latin America


  • INTRODUCTION
    • OBJECTIVES OF THE REPORT
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED IN THE REPORT
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • INTRODUCTION
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table THERMAL IMAGING MARKET SIZE AND GROWTH, 2014-2021 (USD BILLION)
    • Table THERMAL IMAGING CAMERA SHIPMENTS, 2014-2021 (THOUSAND UNITS)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE THERMAL IMAGING MARKET
    • THERMAL IMAGING MARKET, BY COMPONENT
    • THERMAL IMAGING MARKET, BY END-USER
    • GLOBAL THERMAL IMAGING MARKET, BY APPLICATION AND BY REGION, 2016
    • LIFECYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • EVOLUTION
    • MARKET SEGMENTATION
      • BY COMPONENT
      • BY APPLICATION
      • BY END-USER
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • STRATEGIC BENCHMARKING
  • THERMAL IMAGING MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table THERMAL IMAGING MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
    • HARDWARE
      • Table HARDWARE: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • SOFTWARE
      • Table SOFTWARE: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • SERVICES
      • Table SERVICES: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • THERMAL IMAGING MARKET ANALYSIS, BY APPLICATION
    • INTRODUCTION
      • Table THERMAL IMAGING MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
    • SURVEILLANCE
      • Table SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table SURVEILLANCE: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • AIRBORNE SYSTEMS
        • Table AIRBORNE SYSTEMS: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • MARITIME SYSTEMS
        • Table MARITIME SYSTEMS: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • LAND SYSTEMS
        • Table LAND SYSTEMS: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • THREAT DETECTION
      • Table THREAT DETECTION: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • SURVEYS
      • Table SURVEYS: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • PREDICTIVE MAINTENANCE
      • Table PREDICTIVE MAINTENANCE: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • RADIOLOGY
      • Table RADIOLOGY: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • INTELLIGENT TRANSPORTATION SYSTEMS
      • Table INTELLIGENT TRANSPORTATION SYSTEMS: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • COMMERCIAL AND RESIDENTIAL SECURITY
      • Table COMMERCIAL AND RESIDENTIAL SECURITY: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • PERSONAL VISION
      • Table PERSONAL VISION: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • FIREFIGHTING
      • Table FIREFIGHTING: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • RESEARCH AND DEVELOPMENT
      • Table RESEARCH AND DEVELOPMENT: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • AUTOMOTIVE
      • Table AUTOMOTIVE: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • VETERINARY
      • Table VETERINARY: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OTHERS
      • Table OTHERS: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • THERMAL IMAGING MARKET ANALYSIS, BY END-USER
    • INTRODUCTION
      • Table THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (THOUSAND UNITS)
      • Table THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
    • MILITARY AND DEFENCE
      • Table MILITARY AND DEFENSE: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (THOUSAND UNITS)
      • Table MILITARY AND DEFENSE: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • INDUSTRIAL, COMMERCIAL, AND RESIDENTIAL
      • Table INDUSTRIAL, COMMERCIAL, AND RESIDENTIAL: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (THOUSAND UNITS)
      • Table INDUSTRIAL, COMMERCIAL, AND RESIDENTIAL: THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table THERMAL IMAGING MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: THERMAL IMAGING MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (THOUSAND UNITS)
      • Table NORTH AMERICA: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (USD MILLIONS)
      • Table NORTH AMERICA: THERMAL IMAGING MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: THERMAL IMAGING MARKET SIZE, BY SURVEILLANCE SYSTEM, 2014-2021(USD MILLION)
      • Table NORTH AMERICA: THERMAL IMAGING MARKET SIZE, BY COUNTRY, 2014-2021(USD MILLION)
    • EUROPE
      • Table EUROPE: THERMAL IMAGING MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table EUROPE: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (THOUSAND UNITS)
      • Table EUROPE: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (USD MILLIONS)
      • Table EUROPE: THERMAL IMAGING MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table EUROPE: THERMAL IMAGING MARKET SIZE, BY SURVEILLANCE SYSTEM, 2014-2021(USD MILLION)
      • Table EUROPE: THERMAL IMAGING MARKET SIZE, BY COUNTRY, 2014-2021(USD MILLION)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: THERMAL IMAGING MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (THOUSAND UNITS)
      • Table ASIA-PACIFIC: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (USD MILLIONS)
      • Table ASIA-PACIFIC: THERMAL IMAGING MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: THERMAL IMAGING MARKET SIZE, BY SURVEILLANCE SYSTEM, 2014-2021(USD MILLION)
      • Table ASIA-PACIFIC: THERMAL IMAGING MARKET SIZE, BY COUNTRY, 2014-2021(USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: THERMAL IMAGING MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (THOUSAND UNITS)
      • Table MIDDLE EAST AND AFRICA: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (USD MILLIONS)
      • Table MIDDLE EAST AND AFRICA: THERMAL IMAGING MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: THERMAL IMAGING MARKET SIZE, BY SURVEILLANCE SYSTEM, 2014-2021(USD MILLION)
      • Table MIDDLE EAST AND AFRICA: THERMAL IMAGING MARKET SIZE, BY COUNTRY, 2014-2021(USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: THERMAL IMAGING MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (THOUSAND UNITS)
      • Table LATIN AMERICA: THERMAL IMAGING MARKET SIZE, BY END-USER, 2014-2021 (USD MILLIONS)
      • Table LATIN AMERICA: THERMAL IMAGING MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: THERMAL IMAGING MARKET SIZE, BY SURVEILLANCE SYSTEM, 2014-2021(USD MILLION)
      • Table LATIN AMERICA: THERMAL IMAGING MARKET SIZE, BY COUNTRY, 2014-2021(USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2013-2016
      • PARTNERSHIPS, AGREEMENTS, CONTRACTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, CONTRACTS, AND COLLABORATIONS, 2013-2016
      • ACQUISITIONS
        • Table ACQUISITIONS, 2013-2016
      • EXPANSIONS
        • Table EXPANSIONS, 2014-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • FLIR SYSTEMS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FLUKE CORPORATION (FORTIVE CORPORATION)
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BAE SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • L-3 COMMUNICATIONS HOLDINGS, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DRS TECHNOLOGIES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AXIS COMMUNICATIONS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HONEYWELL INTERNATIONAL, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • RAYTHEON COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • THERMOTEKNIX SYSTEMS LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • TESTO AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • KEY INNOVATORS
    • ICI INFRARED CAMERAS, INC.
      • BUSINESS OVERVIEW
    • LOCKHEED MARTIN CORPORATION
      • BUSINESS OVERVIEW
    • NIPPON AVIONICS CO. LTD.
      • BUSINESS OVERVIEW
    • SOFRADIR GROUP
      • BUSINESS OVERVIEW
  • APPENDIX
    • KEY INDUSTRY INSIGHTS
    • OTHER KEY DEVELOPMENTS
      • NEW PRODUCT LAUNCHES, 2013-2016
      • PARTNERSHIPS, AGREEMENTS, CONTRACTS, AND COLLABORATIONS, 2013-2016
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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