Navigation Links
Global Thermal Imaging Market Expected to Reach USD 6,098.8 Million in 2019: Transparency Market Research

ALBANY, New York, July 16, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Thermal Imaging Market (By Applications - Surveillance and Security, Maintenance and Monitoring, Traffic Monitoring, Healthcare, Automobiles, Research and Development, and Others (Firefighting and Personal Vision); By End-users - Defense and Military, Industrial, Commercial and Residential Sector) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the global thermal imaging market is forecast to reach USD 6,098.8 million by 2019. The market growth is driven by emergence of new applications and increased investment on modernization of armed forces across emerging markets.

Browse the full Thermal Imaging Market Report at

Global thermal imaging market was valued at USD 3,192.5 million in 2012 and is expected to grow at a CAGR of 9.76% from 2013 to 2019. Rising penetration of thermal imaging devices in industrial and commercial sector is driving the growth of this market. Industrial sector is using thermal imaging devices for manufacturing process monitoring and to find hot spot in mechanical and electrical installation. Commercial sector is deploying thermal imaging devices for building diagnosis and security of airports and estates etc. In addition, reduction in the price of thermal imaging devices has increased penetration in the residential sector. However, decreasing military spending by major countries such as U.S., Canada, Italy and France are hindering the growth of thermal imaging market.

Among the various end-user segments, defense and military is the largest sector and accounted for 45.04% of market revenue share in 2012. The defense and military sector is expected to dominate the market over forecast period due to the increasing investment by various countries such as China, U.K, Russia and India for upgrade and modernization of armed forces. Thermal imaging devices are widely used in applications such as surveillance and security, maintenance and monitoring, traffic monitoring, healthcare, automobile, research and development, and others (firefighting and personal vision). Surveillance & security and maintenance & monitoring applications are emerging as promising applications for thermal imaging devices. These two segments together accounted for 44.7% of market revenue share in 2012. Demand for surveillance and security is supported by the need to enhance border and commercial security. Commercial security includes security of airports, ports, estates and warehouse.

Browse Press Release of Thermal Imaging Market @

Geographically, North America is expected to remain largest market for thermal imaging due to the growth in industrial and commercial sector in the country. North America is anticipated to dominate this market throughout the forecast period due to the increasing use of thermal imaging devices for law enforcement activities. Europe would be the next largest market followed by Asia-Pacific. Countries in Europe and Asia-Pacific are increasing their defense spending, which is expected to drive thermal imaging market in these regions.

Global thermal imaging market was dominated by few existing players in 2012. Renowned players such as FLIR Systems Inc., DRS Technologies Inc., Raytheon Company and BAE Systems Inc. led the global market, and collectively accounted for around 75% of the market in 2012. These players have well-developed resources and network to meet industry demand and to retain pace with the changing technology. In order to increase their market share, key players are reducing their product prices, which is further increasing the competition among the manufacturers.

Related & Recently Published Reports by Transparency Market Research 

This report analyzes the global thermal imaging market in terms of revenue (USD million). The market has been segmented as follows:

Market Segmentation of Global Thermal Imaging Market: 

Thermal Imaging Market, by Applications: 

  • Surveillance and security
  • Maintenance and monitoring
  • Traffic monitoring
  • Healthcare
  • Automobile
  • Research and development
  • Others (firefighting and personal vision)

Thermal Imaging Market, by End-users: 

  • Defense and military sector
  • Industrial sector
  • Commercial sector
  • Residential sector

Browse the full Thermal Imaging Market Report at

Thermal Imaging Market, by Geography: 

  • North America
  • Europe
  • Asia Pacific
  • RoW (Rest of the World)

Browse All Technology & Media Market Research Reports @

About Us  

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Company Blog:

Copyright©2014 PR Newswire.
All rights reserved

Related biology news :

1. Global Gesture Recognition & Touch-Less Sensing (2D, 3D, Ultrasonic, IR, Capacitive) Market - Forecasts to 2020
2. Electronic Access Control Systems Market is Expected to Reach USD 31.2 Billion Globally in 2019: Transparency Market Research
3. Clemson scientists: Kudzu can release soil carbon, accelerate global warming
4. New technology to treat sepsis, a global killer
5. UTMB surgeon receives global award in burn care
6. China today: Culprit, victim or last best hope for a global ecological civilisation?
7. EcoHealth 2014 connects researchers addressing impacts of global change on health and ecosystems
8. Global health grant from the Bill & Melinda Gates Foundation awarded to the University of Surrey
9. Drop in global malnutrition depends on ag productivity, climate change
10. Global survey: Climate change now a mainstream part of city planning
11. Study shows iron from melting ice sheets may help buffer global warming
Post Your Comments:
(Date:10/6/2015)... 6, 2015  Maverix Biomics, Inc., a leading ... its software portfolio with the debut of its ... expression in eukaryotes. The software is integrated into ... genomic analysis solution that leverages proven open-source algorithms ... sequencing efforts. Garry Nolan,s laboratory ...
(Date:9/30/2015)... , Sept. 30, 2015  With nearly 300,000 ... number of new SCIs estimated to reach 12,500 annually, ... Southern California Resource Services for Independent Living (SCRS-IL) ... in California opening doors to ... of programs and services, notably assistive technology services and ...
(Date:9/29/2015)... , Sept. 29, 2015  iDAvatars is excited to be ... its product to market. The official announcement was recently made ... event in San Francisco , where ... powered by IBM Watson. "It is both an ... 100 companies to bring to market the cognitive power of ...
Breaking Biology News(10 mins):
(Date:10/13/2015)... ... ... Clinovo recently appointed Jeff Parr and Ed Donaldson to its Business Development Management ... Jeff Parr has spent the past decade providing quality management software and consulting services ... Sciex to name a few. He is based in Salt Lake City, a ...
(Date:10/13/2015)... ... October 13, 2015 , ... ... technologies, announced today that it received de novo clearance from the U.S. Food ... for the ablation of prostate tissue. Sonablate® is the first High Intensity Therapeutic ...
(Date:10/13/2015)... ... October 13, 2015 , ... Proove Biosciences, ... announce their partnership with the Keck Medicine of the University of Southern ... The T.R.O.J.A.N. Study (Therapeutic Evaluation to Research Clinical Objectives Linking Genotypic and Phenotypic ...
(Date:10/13/2015)... Jersey (PRWEB) , ... October 13, 2015 , ... ... enhance the educational opportunities for school age children in the areas of Science, ... for all sectors of the national economy, and the program aims to increase ...
Breaking Biology Technology: