Thermal Imager Market | Size, Share & Competitive Analysis

Q: Who are the key players in the thermal imager market

Teledyne Technologies Incorporated Lynred Seek Thermal Wuhan Guide Sensmart Tech Co Ltd Global Sensor Technology BAE Systems Leonardo DRS Zhejiang Dali Technology Co Ltd i3system and MikroSens are the leading players in the thermal imager market

Q: What will be the size of the thermal imager market by 2028

The Thermal Imager Market is likely to reach US 7795 million by 2028

Q: Which region is estimated to be dominant in the thermal imager market in the coming years

Asia Pacific is estimated to remain the dominant market in the foreseeable future as the region is witnessing significant growth in various industries such as defense automotive and healthcare

Q: Which segment has the largest share of the thermal imager market by application type

Under military applications soldier vision is estimated to remain the dominant application type owing to its wide usage in military night vision devices

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Report Summary

Table of contents

“The Thermal Imager Market is likely to grow at a promising CAGR of 4.6%, in the long run, to reach US$ 779.5 million by 2028.”

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Market Dynamics

Introduction

Thermal imagers have become increasingly popular in recent years due to their ability to capture images in low light conditions and through smoke, fog, and other obscurants. They can detect heat signatures of people and objects in low-light or no-light conditions, which can be useful in identifying potential threats. As a result, they are used in a wide range of applications, including surveillance, search and rescue, building and industrial inspection, and firefighting.

Market Drivers

The growth of the market is driven by demand for thermal imaging cameras in defense & security and industrial and commercial applications. The demand is further triggered by technological advancements, such as the development of smaller and more affordable cameras with higher resolution and better image quality.

A microbolometer is a type of thermal sensor used in thermal imaging cameras. It consists of an array of tiny pixels, each containing a tiny resistor that is sensitive to temperature changes. One of the key advantages of microbolometers is that they do not require cooling, unlike other types of thermal sensors such as cryogenically cooled sensors. This makes them more compact, reliable, and easier to use than other types of thermal sensors. Microbolometers are commonly used in a variety of applications, including industrial inspection, surveillance, firefighting, and medical imaging. They are also used for defense applications, such as target acquisition, surveillance, and reconnaissance. Advancements in microbolometer technology, such as improvements in pixel size, sensitivity, and response time, have led to the development of more advanced and capable thermal imaging cameras that can be used in a wider range of applications.

Thermography is one of the major applications in the microbolometer-based thermal imager market. In industrial applications, thermography comes in handy to detect defects or anomalies in machinery, electrical systems, and other equipment by identifying areas with abnormal temperature variations. In the medical field, microbolometer-based thermography is used for non-invasive diagnosis and monitoring of various conditions. These sensors are also used in the construction industry for building inspections. In the automotive industry, they are deployed for detecting defects in engines and other components. In the agriculture industry, for monitoring crop health and detecting pest infestations.

Segments Analysis

Segmentations	List of Sub-Segments	Dominant and Fastest-Growing Segments
Application Type	Military and Commercial	Commercial application is anticipated to remain the dominant segment. The application type is also likely to witness the fastest market growth in the years to come.
Regional Analysis	North America, Europe, Asia-Pacific, and Rest of the World	Asia-Pacific is expected to remain the largest as well as the fastest-growing market over the next five years.

By Application Type

“Soldier vision dominates the market during the forecast period.”

The market is segmented into military and commercial applications. Under military applications, soldier vision is estimated to remain the dominant application type, owing to its wide usage in military night vision devices. Thermal weapon sights (TWS) equipped with microbolometer technology can detect thermal signatures of objects and individuals, even in complete darkness. This allows for improved surveillance and reconnaissance capabilities, as well as increased accuracy in target acquisition and engagement owing to which it is expected to witness the fastest growth in the years to come.

Similarly, under commercial applications, owing to the wide application of thermography, it is estimated to remain the dominant as well as the fastest-growing commercial application type in the years to come.

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Regional Analysis

“Asia-Pacific is expected to remain the largest as well as the fastest-growing market during the forecast period.”

Microbolometer is used in a wide range of applications in various industries such as aerospace, defense, automotive, and healthcare. The Asia-Pacific region has been witnessing significant growth in these industries, particularly in countries, such as China, India, Japan, and South Korea. This growth is driving the demand for microbolometers in the overall region.

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Key Players

The market for thermal imagers is highly consolidated with a few companies holding most of the market share. The major players compete in some of the governing factors including price, product offerings, industry expertise, regional presence, etc.

The following are the key players in the thermal imager market (arranged alphabetically):

BAE Systems
Global Sensor Technology
i3system
Leonardo DRS
Lynred
MikroSens
Seek Thermal
Teledyne Technologies Incorporated
Wuhan Guide Sensmart Tech Co., Ltd.
Zhejiang Dali Technology Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers	Relevant contents in the report
How big is the sales opportunity?	In-depth Analysis of the Thermal Imager Market
How lucrative is the future?	The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?	Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?	Market Segment Analysis and Forecast
Who are the top players and their market positioning?	Competitive landscape analysis, Market share analysis
How complex is the business environment?	Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?	Drivers & challenges
Will I get the information on my specific requirements?	10% free customization

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s thermal imager market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process. This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

Detailed profiling of additional market players (up to three players).
SWOT analysis of key players (up to three players).

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Recent Market News

The majority of companies are focusing on creating new products. Product line expansion along with mergers & acquisitions are some of the prominent methods used to broaden the company’s market shares. There were a fair number of mergers & acquisitions in the thermal imager market. Some of these are the following:

In 2021, Teledyne acquired FLIR Systems through a cash and stock transaction worth nearly US$ 8 billion. The company is the undisputed leader in the IR sensor market and will continue providing a full spectrum of imaging technologies.
In 2019, Sofradir merged with its subsidiary ULIS and formed Lynred, a stronger player in the IR detector market.
In 2014, Seek Thermal entered into a partnership with Raytheon and NXP to design and deliver affordable high-quality thermal imaging sensors, across the world.

Frequently Asked Questions (FAQ)

What is a Thermal Imager?

What will be the growth of the thermal imager market in the coming five years?

The thermal imager market is estimated to grow at a CAGR of 4.6% during the forecast period.

Who are the key players in the thermal imager market?

Teledyne Technologies Incorporated, Lynred, Seek Thermal, Wuhan Guide Sensmart Tech Co., Ltd., Global Sensor Technology, BAE Systems, Leonardo DRS, Zhejiang Dali Technology Co., Ltd., i3system, and MikroSens are the leading players in the thermal imager market.

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Thermal Imager Market Analysis | 2023-2028