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Thermal Imaging Market (Solutions & Applications) Worth $5.84 Billion by 2018 - New Report by MarketsandMarkets
Date:1/8/2014

of the growing awareness of thermal imaging in the new markets such as Middle East and Africa (MEA) as well as Asia Pacific (APAC). The surveillance, automotives, intelligent transportation systems and services done via thermal imagers such as surveys are the applications having high growth rate in the market.

MarketsandMarkets has segmented the thermal imaging market by type of solutions: hardware, software and services; by applications: surveillance, threat detection, surveys, automation, radiology, intelligent transportation systems, commercial and residential security, personal vision, firefighting, Research and Development (R&D), veterinary and others; by end users: military and defense and commercial; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA).

The thermal imaging market is estimated to grow from $3.49 billion in 2013 to $5.84 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 10.9% from 2013 to 2018. The surveillance segment continues to be the largest contributor for thermal imaging. In terms of regions, NA is expected to be the biggest market in terms of revenue contribution in 2013, whereas Europe and APAC are expected to experience increased market traction, in due course.

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