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Global Thermal Imaging Systems Market - Segmented by Technology (Cooled, Uncooled), Form Factor (Handheld Imaging Devices and Systems, Fixed Mounted Systems), End-User Industry (Industrial, Security & Surveillance, Thermography, Consumer Electronics, Tran

Global Thermal Imaging Systems Market - Segmented by Technology (Cooled, Uncooled), Form Factor (Handheld Imaging Devices and Systems, Fixed Mounted Systems), End-User Industry (Industrial, Security & Surveillance, Thermography, Consumer Electronics, Transportation), and Region - Growth, Trends, and Forecast (2018 - 2023)

The global thermal imaging systems market was valued at USD 2.58 billion in 2017, and is expected to reach a value of USD 4.46 billion by 2023, at a CAGR of 7.78 %, during the forecast period (2018 - 2023). The scope of the report is segmented by technology includes cooled, uncooled, form factor includes handheld imaging devices and systems, fixed mounted systems and end user industry are limited to industrial, security & surveillance, thermography, consumer electronics, and transportation. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.

Growing Demand for Military Modernization Programs

Globally, there has been a trend of instability and increase in the number of violent crimes across different regions. There is an increasing trend of cross-border terrorism across the provinces. There are many countries facing insurgency issues across the border from their neighboring countries. Also, the new dimensions of terrorism are causing great losses for many government and non-governmental organizations. These factors are raising the need for modernization programs of the military equipment to maintain deterrent capabilities. These factors are boosting the market for advanced technologies, like thermal imaging systems.

Fixed Mounted Systems has a Major Market Share

Fixed mounted systems are widely employed in surveillance due to their longer range, high power, and capabilities. Fixed standoff laser detection systems are used in the military to identify toxic chemicals. Accuracy is crucial in the battleground and in a turbid environment, like that creates a need for higher power systems. The fixed mounted systems are used in the defense and civil aircrafts, as they have the ability to provide fast and reliable data, imperative in this case. Additionally, the innovation in technology has led to a close integration of thermal and digital cameras, where the thermal image is superimposed over the original image giving better understanding to the user. Such thermal imaging systems are expected to receive high acceptance especially in the case of fixed mounted systems.

Security and Surveillance Holds the Major Market Share amongst Other End-user Industries

Globally there is growing trend of raising crimes and violence this has raised the budgets of the homeland security forces to procure the advance protective systems and gadgets. Soldiers and police on the ground need constant feed of information. Where it elevates the need for the advanced security and surveillance equipment because it acts as the first line of defense for the homeland security and military personals. In the past few years, modern warfare has become more asymmetric with increasing number of non-lethal and lethal weapons. The ongoing battles with ISIS conflict in Middle East, Indo-Pak conflict over Jammu and Kashmir, and Syrian war are just a few examples. These following dynamics are augmenting the growth of the thermal Imaging market during the forecast period in the Security and surveillance sector.

North America is the Largest Market among the Regions

The major driver behind the investments has been the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial. With these series of investments, industrial, transportation, security, and surveillance systems applications in North America is set to boom during the next five years.

Key Developments in the Market

  • April 2017 - ULIS, a manufacturer of innovative thermal sensors, announced the launch of Atto320TM, the first in a family of 12-micron, stand-alone, image sensors. The 12-micron pixel pitch is the new industry standard in thermal image sensors for market applications, where reducing the overall size and cost of the camera are important. Key markets include the outdoor leisure/observation, thermography and surveillance sectors. Atto320 brings sharply focused and accurate images, compactness, and extended battery-life to handheld camera makers. The advantage of offering Atto320 as a stand-alone component is that system integrators have ultimate flexibility in configuring designs that meet their specific performance needs, enabling them to offer true product differentiation to end-users. Other 12-micron products are sold either as modules or thermal camera cores, where access to the thermal image sensor’s performance parameters is restricted
The major players include - FLIR SYSTEMS, L-3 COMMUNICATIONS HOLDINGS, ULIS S.A.S, LOCKHEED MARTIN, BAE SYSTEMS PLC, DRS TECHNOLOGIES, INC. (LEONARDO DRS), ELBIT SYSTEMS LTD. RAYTHEON COMPANY, SOFRADIR SAS, and THERMOTEKNIX SYSTEMS LTD., amongst other.

Reasons to Purchase this Report
  • Growing demand for military modernization programs act as a driver to the global market scenario
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Solutions and type of security that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet ((in Excel).
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.


1. Introduction
1.1 Key Study Deliverables
1.2 Key Study Assumptions
1.3 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing demand for military modernization programs
4.2.2 Surge in demand for ir imaging in nearly all commercial applications
4.2.3 Fast paced developments and increasing applications of drones
4.3 Market Restraints
4.3.1 Defense budget is in a state of flux
4.3.2 Lack of awareness on the applications of the technology
4.4 Porter’s Five Forces Model – Industry Attractiveness
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
5. Technology Snapshot
6. Global Thermal Imaging Systems Market Breakdown, by Technology
6.1 Cooled
6.2 Uncooled
7. Global Thermal Imaging Systems Market Breakdown, by Form Factor
7.1 Handheld Imaging Devices And Systems
7.2 Fixed Mounted Systems
8. Global Thermal Imaging Systems Market Breakdown, by Applications
8.1 Industrial
8.2 Security & Surveillance
8.3 Thermography
8.4 Consumer Electronics
8.5 Transportation
8.6 Others
9. Global Thermal Imaging Systems Market Breakdown, by geography
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 Germany
9.2.2 United Kingdom
9.2.3 France
9.2.4 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Rest of Asia Pacific
9.4 Middle East & Africa
9.4.1 Saudi Arabia
9.4.2 UAE
9.4.3 South Africa
9.4.4 Rest of Middle East & Africa
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.5.4 Rest of Latin America
10. Global Thermal Imaging Systems Market - Company Profiles
10.1 Flir Systems
10.2 L3 Coomunications Holdings
10.3 Ulis S.A.S
10.4 Lockheed Martin
10.5 BAE Systems PLC
10.6 DRS Technologies, Inc.
10.7 Elbit Systems Ltd.
10.8 Raytheon Company
10.9 Sofradir SAS
10.10 Thermoteknix Systems Ltd.
*List is Not Exhaustive
11. Investment Analysis
11.1 Recent Mergers and Acquisitions
11.2 Investor Outlook
12. Future Outlook of Thermal Imaging Systems Market

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