Thermal Imaging Market is estimated to grow at a CAGR of 5.64% and reach US$5.681 billion by 2025 from US$4.087 billion in 2019

Knowledge Sourcing Intelligence announces the publication of a new report on “Thermal Imaging Market -Forecasts from 2020 to 2025" to their offering.

Thermal Imaging is also referred to thermography and are used to translate the heat that the different bodies produce into images that can be used for various purposes such as inspection and tracking among others.

According to the report, the Thermal Imaging Market is estimated to grow at a CAGR of 5.64% over the forecast period 2019 to 2025.

The rising penetration of the security devices owing to the increasing security threats and for other purposes in construction areas or medical establishments

The increasing security threats are causing have led to concerns among the different end-users such as manufacturing, military, and defense, aviation, construction among others in order to track and find out any illegal activity or complacency that’s is occurring within the organizations to mitigate the risks associated within and thus is leading to increased adoption of thermal scanning devices. In addition, there is an increasing number of advanced and enhanced products that are being made available by the market layers in order to cater to the specific and changing preferences of the consumers. Hence, these factors are leading to a surge in the demand for Thermal Imaging solutions and services, thereby, leading to market growth.

The North American region holds a significant market share due to the increasing investments in research and development and the Asia Pacific region to show growth at a noteworthy pace owing to a rise in the number of initiatives by the government for facilitating better inspection in industries

The North American region is expected to hold a significant share over the forecast period owing to the fact that there are a good number of investments in order to enhance and make the different thermal imaging products available. In addition, the spending by the military and dense sector is also increasing and s that their arsenal can be improved and upgraded with the latest technology to track different threats to the nation and there are technological developments taking place in the medical sector also.

Moreover, the Asia Pacific region is expected to grow at a noteworthy pace over the forecast period, which is attributable to the fact that the number of initiatives being taken by the government and market players is increasing so as to provide advanced solutions such as Thermal Scanners in order to facilitate faster development of end-user industries. This also includes making better products available in the medical and construction sector for better and faster inspection technologies.

The major players covered as part of the report FLIR Systems, Inc., Fortive, Axis Communications, Seek Thermal, Selex ES, Leonardo – Società per azioni, L3 Technologies, Inc., and BAE Systems among others.

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This report has segmented the E-Discovery marketon the basis following terms.

  • By Component
  • Hardware
  • Software
  • Services
  • By Industry Vertical
  • Military and Defense
  • Manufacturing
  • Consumer Electronics
  • Aviation
  • Construction
  • Others
  • By Geography
  • North America

    • USA
    • Canada
    • Mexico
    • Others
  • South America

    • Brazil
    • Argentina
    • Others
  • Europe

    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa

    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific

    • China
    • Japan
    • South Korea
    • India
    • Others