Thermal Camera Market By Type, By Application, By End User ), and Geography
Thermal Camera Market By Type, By Application, By End User ), and Geography
Thermal Camera Market size was valued at US$ 7,103.5 million in 2023 and is poised to grow at a significant CAGR of 6.9% over 2024-2030. A thermal camera is non-contact equipment that recognizes infrared energy (heat) and converts it into a photographic image. Thermal cameras collect IR energy and convert it to analog or digital video outputs to generate images. Thermal imagers use heat instead of visible light to produce images. Thermal cameras, which were formerly developed for surveillance and military operations, are now extensively used for building inspection (insulation, moisture, insulation, roofing, and others), firefighting, autonomous vehicles & automatic braking, skin temperature screening, industrial inspections, scientific research, and other applications. With an increasing demand for thermal cameras among various sectors is primarily driving the market for a thermal camera. Additionally, the automotive and healthcare sectors are also propelling the global thermal camera market demand. Furthermore, the growing demand for advanced thermal imaging solutions in military & defense sectors also supports market growth.
The thermal camera market growth is constrained by export restrictions on thermal imaging cameras imposed by the U.S. Government. Under these restrictions, manufacturers of thermal cameras will be banned from selling their products to buyers in the U.S. or other regions out of the country. During the forecast period, increased R&D activities by prominent market players and technological advancements in thermal cameras are anticipated to drive revenue growth in the thermal camera market. As per the regional analysis of the market, the Asia-Pacific thermal camera market share is expected to grow during the forecasted period owing to increasing military expenditure to revolutionize the country's military armaments. For instance, currently, China is also leading in making more advances to military sectors.
In April 2020, FLIR launched a smart thermal sensor solution for industrial monitoring and elevated skin temperature screening.
Study Period
2024-2030Base Year
2023CAGR
6.9%Largest Market
Asia PacificFastest Growing Market
North America
The global market of thermal cameras is primarily driven by increasing demand for thermal cameras from the automotive industries. Thermal cameras are used in the automotive industry to help drivers to work in poor light and bad weather conditions, reducing accidents and maintaining safety. The automobile industry is working with thermal imaging solution providers, to generate cutting-edge thermal imaging technology. Such as, Magnetic Marely, an Italian developer and producer of high-tech car components, works together on the development of the Viper thermal detection camera, to ensure that vehicle safety while saving time and money. Thermal imaging technology is also used for automotive components tires and brakes, as well as micro-components for non-destructive testing.
North America will dominate the market over the forecasted period, with a significant revenue share in the historic period, owing to growing manufacturing centers, research and development centers, and the existence of prominent key players in the global market of thermal cameras. For instance, In June 2019, Harris Corporation (Florida, US) and L3 Technologies (New York), and L3HARRIS TECHNOLOGIES, INC., joined to establish a new military technology firm. Additionally, In Oct 2019, The US Army awarded Leonardo DRS a contract to provide advanced thermal imagery technology (TS III) for the army's remote combat vehicle weapon stations. The combination was made to serve a variety of industries, increase market share, and expand the worldwide client base. The Asia Pacific is also anticipated to significant growth rate over the forecasted period, due to interesting military expenditures. Also, China is one major country that boosts its military spending, which further fuels market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 7,103.5 million |
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Market CAGR |
6.9% |
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By Type |
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By Application |
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By End User |
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A thermal camera is non-contact equipment that recognizes infrared energy (heat) and converts it into a photographic image. Thermal cameras collect IR energy and convert it to analog or digital video outputs to generate images.
Key players’ profiles in the thermal camera market report are Axis Communications, FLIR Systems, United Technologies, Fluke Corporation, Leonardo, L3HARRIS TECHNOLOGIES, BAE System, Opgal, Testo, and Thales group.
A rise in the demand from numerous industries, rapid technological advancements in thermal imaging, and increasing applications in defense, homeland security, medical, and commercial areas.
| 1. Executive Summary |
| 2. Global Thermal Camera Market Introduction |
| 2.1. Global Thermal Camera Market Taxonomy |
| 2.2. Global Thermal Camera Market Definitions |
| 2.2.1. By Type |
| 2.2.2. By Application |
| 2.2.3. By End user |
| 2.2.4. By Region |
| 3. Global Thermal Camera Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Thermal Camera Market Dynamic Factors - Impact Analysis |
| 3.6. Global Thermal Camera Market Competition Landscape |
| 4. Global Thermal Camera Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Thermal Camera Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Handheld Cameras |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Standstill Cameras |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Thermal Camera Market, By Application Type, 2017 2021 and Forecast, 2022 2028 (Revenue, USD Mn) |
| 6.1. Security & Surveillance |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Monitoring & Inspection |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Detection & Measurement |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Thermal Camera Market Forecast, By End User,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Industrial |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Aerospace & Defense |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Automotive |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others (Law Enforcement, Healthcare, and Marine) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Thermal Camera Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Thermal Camera Market- Opportunity Analysis Index, By Type, Application, End-user, and Region, 2024 - 2030 |
| 9. North America Thermal Camera Market analysis,2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 9.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Handheld Cameras |
| 9.1.2. Standstill Cameras |
| 9.1.3. Others |
| 9.2. Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Security & Surveillance |
| 9.2.2. Monitoring & Inspection |
| 9.2.3. Detection & Measurement |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Industrial |
| 9.3.2. Aerospace & Defense |
| 9.3.3. Automotive |
| 9.3.4. Others (Law Enforcement, Healthcare, and Marine) |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Thermal Camera Market- Opportunity Analysis Index, By Type, Application, End-user, and Country, 2024 - 2030 |
| 9.6. North America Thermal Camera Market Dynamics Trends |
| 10. Europe Thermal Camera Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 10.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Handheld Cameras |
| 10.1.2. Standstill Cameras |
| 10.1.3. Others |
| 10.2. Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Security & Surveillance |
| 10.2.2. Monitoring & Inspection |
| 10.2.3. Detection & Measurement |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Industrial |
| 10.3.2. Aerospace & Defense |
| 10.3.3. Automotive |
| 10.3.4. Others (Law Enforcement, Healthcare, and Marine) |
| 10.4. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Thermal Camera Market- Opportunity Analysis Index, By Type, Application, End User, and Country, 2024 - 2030 |
| 10.6. Europe Thermal Camera Market Dynamics Trends |
| 11. Asia-Pacific Thermal Camera Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Handheld Cameras |
| 11.1.2. Standstill Cameras |
| 11.1.3. Others |
| 11.2. Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Security & Surveillance |
| 11.2.2. Monitoring & Inspection |
| 11.2.3. Detection & Measurement |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Industrial |
| 11.3.2. Aerospace & Defense |
| 11.3.3. Automotive |
| 11.3.4. Others (Law Enforcement, Healthcare, and Marine) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Thermal Camera Market- Opportunity Analysis Index, By Type, Application, End user, and Country,2024 - 2030 |
| 11.6. Asia-Pacific Thermal Camera Market Dynamics Trends |
| 12. Latin America Thermal Camera Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Handheld Cameras |
| 12.1.2. Standstill Cameras |
| 12.1.3. Others |
| 12.2. Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Security & Surveillance |
| 12.2.2. Monitoring & Inspection |
| 12.2.3. Detection & Measurement |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Industrial |
| 12.3.2. Aerospace & Defense |
| 12.3.3. Automotive |
| 12.3.4. Others (Law Enforcement, Healthcare, and Marine) |
| 12.4. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Thermal Camera Market- Opportunity Analysis Index, By Type, Application, End user, and Country, 2024 - 2030 |
| 12.6. Latin America Thermal Camera Market Dynamics Trends |
| 13. Middle East and Africa Thermal Camera Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Handheld Cameras |
| 13.1.2. Standstill Cameras |
| 13.1.3. Others |
| 13.2. Application Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Security & Surveillance |
| 13.2.2. Monitoring & Inspection |
| 13.2.3. Detection & Measurement |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Industrial |
| 13.3.2. Aerospace & Defense |
| 13.3.3. Automotive |
| 13.3.4. Others (Law Enforcement, Healthcare, and Marine) |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Thermal Camera Market- Opportunity Analysis Index, By Type, Application, End user, and Country, 2024 - 2030 |
| 13.6. MEA Thermal Camera Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Axis Communications |
| 14.2.2. FLIR Systems |
| 14.2.3. United Technologies |
| 14.2.4. Fluke Corporation |
| 14.2.5. Leonardo |
| 14.2.6. L3HARRIS TECHNOLOGIES |
| 14.2.7. BAE Systems |
| 14.2.8. Opgal |
| 14.2.9. Testo |
| 14.2.10. Thales group |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
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