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Global Thermal Imaging Systems Market Size study, by Form Factor (Handheld Imaging Devices and Systems, Fixed Mounted (Rotary and Non-Rotary)), by Application (Thermography, Military, Surveillance, Personal Vision Systems, Fire Fighting, Smartphones (Ruggedized), Others) and Regional Forecasts 2020-2027


ID : 63155 Date : Apr 2021 Pages : 200 Pages Publisher : BRCLLP Industry : Semiconductor and Electronics




Global Thermal Imaging Systems Market is valued approximately at USD 5.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2020-2027. Globally, thermal imaging systems have observed a paradigm shift in the present scenario, owing to their surging utilization in defense and military applications. Several countries are investing heavily in infrared IR and thermal imaging systems to handle global-political uncertainties and strengthen their military power, with worldwide tensions increasing exponentially, thereby driving the demand for thermal imaging systems market. More often, the recent innovations and development in infrared detectors have led to the advancement of remote-based infrared and thermal sensing devices for a range of applications, including security & surveillance, space imaging, and remote sensing. Nowadays, thermal imaging cameras have become popular and available with a broad range of performance competencies and spectral sensitivity for a wide range of bands, which may strengthen the growth of the market across the globe. Moreover, increasing spending by government bodies on military & defense activities, along with growing proliferation of thermal cameras for broader surveillance management are the few factors responsible for the high CAGR of the market during the forecast period. According to the Stockholm International Peace Research Institute SPIRI, the United States has increased its military spending by 5.3%, reaching a total of USD 732 billion in 2019 and accounted for almost 38% of the worldwide spending. In fact, the military spending of the U.S. reached around USD 649 billion in 2019, an increase from USD 610 billion in 2017. Similarly, the SIPRI estimated that China’s Military expenditure amounting to almost USD 261 billion in 2019, an increase of 5.1% from 2018, which was USD 250 billion. This, in turn, is likely to strengthen the demand for thermal imaging systems, thereby contributing to the market growth around the world. However, the lack of regular support and service from government authorities, coupled with lack of accuracy are the prime factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Thermal Imaging Systems market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising government spending on military and defense sector, along with the large presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in demand in surveillance and security applications coupled with increasing utility of thermal imaging systems in COVID-19 treatment across the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the Thermal Imaging Systems market in the Asia-Pacific region.

Major market player included in this report are:
Flir Systems Inc.
Opgal Optronic Industries Ltd.
Fluke Corporation
Testo Inc.
Seek Thermal Inc.
Trijicon Inc.
Bullard GmbH
HT Italia S.r.l.
Raytheon Co.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form Factor:
Handheld Imaging Devices and Systems
Fixed Mounted Rotary and Non-Rotary

By Application:
Thermography
Military
Surveillance
Personal Vision Systems
Fire Fighting
Smartphones Ruggedized
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Thermal Imaging Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 USD Billion
1.2.1. Thermal Imaging Systems Market, by Region, 2018-2027 USD Billion
1.2.2. Thermal Imaging Systems Market, by Form Factor, 2018-2027 USD Billion
1.2.3. Thermal Imaging Systems Market, by Application, 2018-2027 USD Billion
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Thermal Imaging Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Thermal Imaging Systems Market Dynamics
3.1. Thermal Imaging Systems Market Impact Analysis 2018-2027
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Thermal Imaging Systems Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model 2017-2027
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Thermal Imaging Systems Market, by Form Factor
5.1. Market Snapshot
5.2. Global Thermal Imaging Systems Market by Form Factor, Performance - Potential Analysis
5.3. Global Thermal Imaging Systems Market Estimates & Forecasts by Form Factor 2017-2027 USD Billion
5.4. Thermal Imaging Systems Market, Sub Segment Analysis
5.4.1. Handheld Imaging Devices and Systems
5.4.2. Fixed Mounted Rotary and Non-Rotary
Chapter 6. Global Thermal Imaging Systems Market, by Application
6.1. Market Snapshot
6.2. Global Thermal Imaging Systems Market by Application, Performance - Potential Analysis
6.3. Global Thermal Imaging Systems Market Estimates & Forecasts by Application 2017-2027 USD Billion
6.4. Thermal Imaging Systems Market, Sub Segment Analysis
6.4.1. Thermography
6.4.2. Military
6.4.3. Surveillance
6.4.4. Personal Vision Systems
6.4.5. Fire Fighting
6.4.6. Smartphones Ruggedized
6.4.7. Others
Chapter 7. Global Thermal Imaging Systems Market, Regional Analysis
7.1. Thermal Imaging Systems Market, Regional Market Snapshot
7.2. North America Thermal Imaging Systems Market
7.2.1. U.S. Thermal Imaging Systems Market
7.2.1.1. Form Factor breakdown estimates & forecasts, 2017-2027
7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Thermal Imaging Systems Market
7.3. Europe Thermal Imaging Systems Market Snapshot
7.3.1. U.K. Thermal Imaging Systems Market
7.3.2. Germany Thermal Imaging Systems Market
7.3.3. France Thermal Imaging Systems Market
7.3.4. Spain Thermal Imaging Systems Market
7.3.5. Italy Thermal Imaging Systems Market
7.3.6. Rest of Europe Thermal Imaging Systems Market
7.4. Asia-Pacific Thermal Imaging Systems Market Snapshot
7.4.1. China Thermal Imaging Systems Market
7.4.2. India Thermal Imaging Systems Market
7.4.3. Japan Thermal Imaging Systems Market
7.4.4. Australia Thermal Imaging Systems Market
7.4.5. South Korea Thermal Imaging Systems Market
7.4.6. Rest of Asia Pacific Thermal Imaging Systems Market
7.5. Latin America Thermal Imaging Systems Market Snapshot
7.5.1. Brazil Thermal Imaging Systems Market
7.5.2. Mexico Thermal Imaging Systems Market
7.6. Rest of The World Thermal Imaging Systems Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Flir Systems Inc.
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial Subject to Data Availability
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Opgal Optronic Industries Ltd.
8.2.3. Fluke Corporation
8.2.4. Testo Inc.
8.2.5. Seek Thermal Inc.
8.2.6. Trijicon Inc.
8.2.7. Bullard GmbH
8.2.8. HT Italia S.r.l.
8.2.9. Raytheon Co.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
List of figures
FIG 1. Global Thermal Imaging Systems market, research methodology
FIG 2. Global Thermal Imaging Systems market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Thermal Imaging Systems market, key trends 2019
FIG 5. Global Thermal Imaging Systems market, growth prospects 2020-2027
FIG 6. Global Thermal Imaging Systems market, porters 5 force model
FIG 7. Global Thermal Imaging Systems market, pest analysis
FIG 8. Global Thermal Imaging Systems market, value chain analysis
FIG 9. Global Thermal Imaging Systems market by segment, 2017 & 2027 USD Billion
FIG 10. Global Thermal Imaging Systems market by segment, 2017 & 2027 USD Billion
FIG 11. Global Thermal Imaging Systems market by segment, 2017 & 2027 USD Billion
FIG 12. Global Thermal Imaging Systems market by segment, 2017 & 2027 USD Billion
FIG 13. Global Thermal Imaging Systems market by segment, 2017 & 2027 USD Billion
FIG 14. Global Thermal Imaging Systems market by segment, 2017 & 2027 USD Billion
FIG 15. Global Thermal Imaging Systems market by segment, 2017 & 2027 USD Billion
FIG 16. Global Thermal Imaging Systems market by segment, 2017 & 2027 USD Billion
FIG 17. Global Thermal Imaging Systems market, regional snapshot 2017 & 2027
FIG 18. North America Thermal Imaging Systems market 2017 & 2027 USD Billion
FIG 19. Europe Thermal Imaging Systems market 2017 & 2027 USD Billion
FIG 20. Asia-Pacific Thermal Imaging Systems market 2017 & 2027 USD Billion
FIG 21. Latin America Thermal Imaging Systems market 2017 & 2027 USD Billion
FIG 22. Global Thermal Imaging Systems market, company market share analysis 2019


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