Global Thermal Imaging Market Poised to Grow
June 15, 2015 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Thermal Imaging Market by Solutions, by Applications, by End-User - Global Forecast to 2020" report to their offering.
Thermal imaging is a technique used to produce an electronic image by detecting IR energy emitted by objects in difficult conditions such as night, smoke and fog. Thermal imagers/cameras are capable of detecting temperature differences in IR range and converting it into electronic image in a form of color palette. This report describes the global thermal imaging market by solution, application, end user type, and region.
Thermal imaging cameras/sensors are used across various ranges of industries including defense, automotive, aerospace, industrial, medical, and many more. They are widely used for different number of applications such as surveillance, threat detection, commercial and residential security, firefighting, R&D, veterinary, and more. The geographic analysis includes the classification of solutions, applications and end-user segmentation into North America, Europe, APAC, MEA, and Latin America.
North America is expected to be the largest contributor of the regional market share, with Asia-Pacific showing tremendous growth potential in future. The market is dominated by military and defense segment. In the coming years, commercial and industrial segment is expected to show huge growth in the market due to boost in worldwide demand. Increasing demands of imagers/sensors, growth in competition, and price reduction are few strong drivers for the industry. The customer value proposition includes cost reduction, wide range of products and services, superior customer service, and global deployment.
In addition, the market players are investing about 10% of their annual turnover into R&D to upgrade the technologies and develop new products for thermal imaging. FLIR Systems launched world's first thermal imaging camera for iPhone in 2014; Raytheon won Prism 2015 award for lightweight thermal camera plug-in for smartphones; and Axis Communications launched first temperature-based alarm camera in 2015 for remote monitoring of critical equipment. These are few of the recent technology innovation examples in the thermal imaging market.
Suggested Items
Absolute EMS Successfully Recertifies ISO 9001:2015 and AS9100 Standards
03/26/2024 | Absolute EMS, Inc.Absolute EMS, Inc., an award-winning EMS provider of turnkey contract manufacturing services, is proud to announce the successful recertification of its ISO 9001:2015 and AS9100 Rev D SAE International Aerospace Standards.
Arlon EMC Receives IPC-4101 QPL Recertification
03/20/2024 | Arlon Electronic MaterialsArlon Electronic Materials has successfully completed an intensive two-day recertification audit by IPC Validation Services that examined Arlon’s manufacturing processes and testing procedures to assure that they are in conformance to the requirements of IPC-4101E-WAM1, the Specification for Base Materials for Rigid and Multilayer Printed Boards.
Northrop Grumman Honors Suppliers for Excellence
03/14/2024 | Northrop GrummanNorthrop Grumman Corporation honored more than 70 suppliers for their outstanding contributions in 2023. In an annual recognition event, the companies included women-, minority- and veteran-owned small businesses as well as those operating in underdeveloped areas.
Cicor Acquires TT Electronics IoT Solutions
03/04/2024 | Cicor Technologies Ltd.The Cicor Group has signed an agreement to acquire TT Electronics IoT Solutions Ltd, with three production sites in the UK and China.
AEM, Texas Aerospace Technologies Bolster Partnership for Latin America
02/26/2024 | AEM Corp.Canadian avionics manufacturer, Anodyne Electronics Manufacturing Corp. (AEM), is pleased to announce a partnership expansion with Texas Aerospace Technologies, a subsidiary of Texas Aerospace Services, to add AEM’s new MTP136D modern panel-mount P25 VHF FM Forest Service radio to its lineup of product offerings for their Latin American customers.