The global Thermal Imager Market is projected to witness a growth rate of 4.6% annually from 2023 to 2028, with an anticipated size of US$ 779.5 million by 2028, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global Thermal Imager Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Report Highlights
| Market Size in 2028 (million US$) | 779.5 |
| Growth (CAGR) | 4.6% during 2023-2028 |
| Forecast Period | 2023-2028 |
| Trend Period | 2017-2021 |
| Base Year | 2022 |
| Number of Segments Covered | 2 |
| Number of Tables & Graphs | 100+ |
| Country-Level Market Assessment | 20 |
Segment Insights on the Thermal Imager Market:
The global Thermal Imager Market is segmented based on application type and region.
Based on 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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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest as well as the fastest-growing market during the forecast period. This growth outlook is majorly attributed to the following–
- 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.
Thermal Imager Market Drivers:
Some of the key drivers listed in the report are given below.
- 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.
Top 10 Companies in the Thermal Imager Market:
Stratview Research has identified the following companies as the top market players (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.
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? | 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 |
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About us –
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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