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.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|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.
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.
Based on Technology, the Global Thermal Imaging Market for Mobility Segments into:
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.”
Based on the Geography, the Global Thermal Imaging Market for Mobility expands across:
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.
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:
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.