Thermal Imaging Market is estimated to reach a market size worth US$5.977 billion by 2026

Knowledge Sourcing Intelligence announces the publication of a new report on “Thermal Imaging Market – Forecasts from 2019 to 2026” to their giving.

The prime factor driving the growth of the thermal imaging market increasing adoption of this technology across every industrial vertical for better efficiency.

As per the report, the market about Thermal Imaging Market is expected to grow at a steady pace.

The thermal imaging technology is infrared radiation and thermal-based technology where the thermal camera is capable of creating a black, white, and gray-colored image of objects based on the heat emission and temperature difference in the object and its surroundings. The camera is capable of recognizing and recording the minute difference in the temperature and working in a low light environment.

Based on components, the market is divided into hardware, software, and services. The hardware segment is anticipated to grow at a considerable rate owing to the installation of thermal imaging device in various products for better product experience and safety.

Based on the industry vertical, the market is fragmented into military and defense, manufacturing, construction, consumer electronics, aviation, and others. The military and defense segment of the market will dominate the demand during the forecasted period while consumer electronics will grow at the fastest pace. 

By geography, the market of thermal imaging is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions. The North American region is expected to outstand the market owing to the region’s state-of-art infrastructure and technological advancement. The Asia Pacific region will have a significant share in the market growth.                        

As a part of the report, the major players operating in the thermal imaging market, that have been covered are Flir Systems Inc., Fortive Corporations, Axis Developer Community, Seek Thermal Application, Selex ES GaN Technology, Leonardo Societa per azioni, L3 Technologies Ltd., BAE Systems plc., Tosto SE & Co. KGaA, and Xenis N.V.

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This analytics report segments the thermal imaging market on the following basis

  • By Component
    • Hardware
    • Software
    • Services
  • By Industry Verticle
    • Military and Defense
    • Manufacturing
    • Consumer Electronics
    • Aviation
    • Construction
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • The Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Others