Global Thermal Imaging Market for Mobility Industry Research Report: Forecast (2022-2027)

Global Thermal Imaging Market for Mobility Industry Research Report: Forecast (2022-2027)

By Type (Integrated, Standalone), By Technology (Cooled, Uncooled), By Application (Automotive, Aerospace & Defense, Marine), By Wavelength (Short, Medium, Long) Read more

  • Automotive
  • Nov 2021
  • 252
  • AT10216

Thermal imaging cameras capture images that ordinary cameras might not. They are used widely across many industries. However, their most critical application is in the security field. Every organization uses security cameras to ensure continuous protection against potential trespassers, for which quality images are of utmost importance.

Thermal imaging technology promises superior quality images, especially in challenging environments. Due to advantages like high-quality & lightning-speed images, longevity, performance, and weatherproof aspects, its demand is mounting rapidly across sectors like aerospace & defense, automotive, etc.

According to MarkNtel Advisors, the Global Thermal Imaging Market for Mobility is expected to grow at a CAGR of around 14.10% during the forecast period, i.e., 2022-27. The market is driven primarily by the advantages of thermal imaging to function efficiently under low-light conditions without requiring additional lights. Across various mobility devices, drones are used extensively for operations like search & rescue, firefighting, solar farm inspections, utility inspections, etc., and equipped with thermal imaging to conveniently function. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 14.1%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, Germany, France, Spain, Italy and Others
Asia-Pacific: China, India, Japan, South Korea, Australia and Others
South America: Brazil, and Argentina
Middle East & Africa:  UAE, Saudi Arabia, South Africa, Egypt
Key Companies Profiled Leonardo, Xenics, L3Harris Technologies, Inc., HGH Infrared System, Opgal, Tonbo Imaging Pvt. Ltd., JENOPTIK AG, Veoneer Inc., Axis Communications AB, Workswell, InfraTec GmbH Infrarotsensorik und Messtechnik, Excelitas Technologies Corp., Stonkam Co. Ltd., Lynred
Unit Denominations USD Million/Billion

 

Besides, vehicles used in the defense sector of various countries have observed a significant role of thermal imaging cameras, especially for surveillance around the borders & tracking movements in restricted areas, which has further boosted the market.

Global Thermal Imaging Market for Mobility Industry Research Report: Forecast (2022-2027)

Covid-19 Severely Impacted the Global Thermal Imaging Market for Mobility

The Covid-19 pandemic in 2020 caused significant loss to most industries worldwide. However, the Global Thermal Imaging Market for Mobility witnessed a balanced impact. Initially, with the rapid spread of the virus, the governments of different countries imposed stringent movement restrictions & frequent lockdowns to combat the spread of the virus.

Owing to these restrictions, manufacturing & distribution of products were the most prominent challenges faced by the market leaders. However, understanding the market dynamics, several leading players came up with new strategies and induced the demand for thermal imaging solutions, especially across the healthcare & aerospace sectors. Thermal imaging devices at the airports enabled non-contact temperature measurements to monitor Covid-19 cases.

Similarly, thermal imaging devices were also deployed at other transportation hubs where manual inspection of passengers was challenging. Also, thermal scanners acted as an effective measure to curb the virus spread. Hence, the global market underwent an upsurge in its growth amidst the crisis.  

Market Segmentation

Based on Technology, the Global Thermal Imaging Market for Mobility Segments into:

  • Cooled
  • Uncooled

Here, the Uncooled thermal imaging technology dominated the market with the largest share, mainly because it is more cost-effective & delivers higher yields than the cooled thermal imaging technology. It operates at ambient temperatures and is deployed majorly by long-wave infrared cameras & near-infrared cameras, principally for security & surveillance applications. Uncooled thermal imagers are compact and do not require heavy packaging.

However, for 5 km or above ranges, cooled thermal imaging technology is more economical & reliable than uncooled imagers since the latter require heavy & costly lenses to increase its range. Cooled thermal cameras can detect even the slightest temperature anomaly and provide enhanced details in the image. 

Aerospace & Defense Sector to Continue Dominating the Global Thermal Imaging Market for Mobility through 2027

The prime aspect behind the market dominance of the Aerospace & Defense sector is the better cost-efficiency of thermal imagers than lighting systems installed to secure border areas. Across the Aerospace sector, drones are gaining extensive traction, owing to their disruptive mishandling, thereby propelling the demand for counter-drone & drone detection systems integrated with thermal sensors and, in turn, driving the market.

Similarly, militaries worldwide constantly look for ways to keep up with modern equipment and provide their frontline soldiers with improved surveillance technologies. Thermal imaging systems have proved to be very helpful to the ground troops in assessing the temperature differences between enemies & inanimate objects by collecting infrared radiation and using it to form an image.

Moreover, the surging use of thermal devices in armored vehicles & weapon stations to provide situational awareness to the military personnel is another crucial aspect driving the market across the Defense sector, states MarkNtel Advisors in their research report, “Global Thermal Imaging Market for Mobility Analysis 2022.”

Regional Landscape

Based on the Geography, the Global Thermal Imaging Market for Mobility expands across:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Here, North America is anticipated to lead the global market through 2027, mainly due to the mounting demand for thermal imagers for security & surveillance purposes, massive defense expenditure, and the extensive presence of leading market players across the region. The rapidly increasing investments by the US in upgrading its defense sector with advanced military gear, including thermal imaging cameras for improved conduction of surveillance & security operations, has significantly boosted the regional market.

On the other hand, Asia-Pacific is rapidly emerging as an extensive market for thermal imaging solutions owing to the surging military funding, especially across South Korea, India, & China, toward upgrading their military weapons and enhancing their defense bases. Presently, China is the world's second-largest country with high military spending and is adopting advanced weapons to strengthen its defense sector.

Moreover, the burgeoning population across Asia-Pacific and its increasing demand for improved transportation are boosting the regional automotive sector. Due to this, automakers are adopting thermal imaging technologies to provide people with better driver assistance. In addition, road tracking systems & night vision cameras are providing lucrative growth opportunities to the market across high-end vehicles in Asia-Pacific, thereby driving the regional market.

Market Dynamics:

Key Drivers

  • Mounting adoption of thermal imaging devices for automotive diagnostics
  • Cost-effective preventive maintenance enabled by thermal cameras.
  • Increasing use of thermal imaging cameras for security & surveillance
  • Massive expenditure by the governments of different countries on deploying thermal imaging technologies in defense equipment

Growth Restraint

The key aspect that might hinder the growth of the Global Thermal Imaging Market for Mobility is the high initial & maintenance costs associated with thermal imaging cameras.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Numbers, Segmentation, Shares) of the Global Thermal Imaging Market for Mobility?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Thermal Imaging Market for Mobility?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Thermal Imaging Market for Mobility based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Thermal Imaging Market for Mobility study?

Frequently Asked Questions

A. The Global Thermal Imaging Market for Mobility is likely to grow at a CAGR of around 14.10% during 2022-27.

A. The Aerospace & Defense sector is projected to dominate the market with the largest share during 2022-27 and provide lucrative opportunities to the leading market players.

A. Massive government expenditure on integrating defense equipment with thermal imaging cameras is the prime aspect expected to drive the Global Thermal Imaging Market for Mobility through 2027.

A. Global Thermal Imaging Market for Mobility is anticipated to display an opportunistic prospect for the market players in the forecast period since thermal imaging technology has been proved highly effective in curbing the spread of the Covid-19 virus.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Global Impact of Covid-19 on Thermal Imaging Market for Mobility
  4. Global Thermal Imaging Market for Mobility Policies & Regulations
  5. Global Thermal Imaging Market for Mobility Trends & Insight
  6. Global Thermal Imaging Market for Mobility Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  7. Global Thermal Imaging Market for Mobility Hotspot & Opportunities
  8. Global Thermal Imaging Market for Mobility Analysis, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Type
        1. Integrated
        2. Standalone
      2. By Application
        1. Automotive
        2. Aerospace & Defense
        3. Marine
      3. By Technology
        1. Cooled
        2. Uncooled
      4. By Wavelength
        1. Short
        2. Medium
        3. Long
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  9. North America Thermal Imaging Market for Mobility Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Technology
      4. By Wavelength
      5. By Country
        1. US
        2. Canada
        3. Mexico
        4. Others
    3. The US Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1.  By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    4. Canada Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    5. Mexico Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
  10. South America Thermal Imaging Market for Mobility Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Technology
      4. By Wavelength
      5. By Country
        1. Brazil
        2. Argentina
        3. Others
  11. Europe Thermal Imaging Market for Mobility Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Technology
      4. By Wavelength
      5. By Country
        1. UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Others
    3.  The UK Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    4.  Germany Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    5.  France Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    6.  Italy Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    7.  Spain Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
  12.  Middle East & Africa Thermal Imaging Market for Mobility Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Technology
      4. By Wavelength
      5. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
        4. Others
  13. Asia Pacific Thermal Imaging Market for Mobility Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Technology
      4. By Wavelength
      5. By Country
        1. India
        2. China
        3. Japan
        4. Australia
        5. South Korea
        6. Others
    3.  India Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    4.  China Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    5.  Japan Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    6. Australia Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
    7.  South Korea Thermal Imaging Market for Mobility Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Application
        2. By Technology
  14. Competitive Benchmarking
    1. Competition Matrix
      1. Product Portfolio
      2. Target Market
      3. Research & Development
      4. Strategic Initiatives
  15. Company Profile  
    1. Leonardo
    2. Xenics
    3. L3Harris Technologies, Inc.
    4. HGH Infrared System
    5. Opgal
    6. Tonbo Imaging Pvt. Ltd.
    7. JENOPTIK AG
    8. Veoneer Inc.
    9. Axis Communications AB
    10. Workswell
    11. InfraTec GmbH Infrarotsensorik und Messtechnik
    12. Excelitas Technologies Corp.
    13. Stonkam Co. Ltd.
    14. Lynred
    15. Others
  16. Disclaimer
Thermal Imaging Market for Mobility Industry Segmentation