Thermal Imaging Market | Growth drivers, restraint and future opportunities to 2026
Thermal Imaging Market will expand lucratively during the forecast period due to growing demand for surveillance across several verticals globally.
Delaware, United States – July 21, 2021 /MarketersMedia/ —
The escalating demand for thermal imaging technology from sectors like automotive, aerospace, defense, and others will augment thermal imaging market expansion in the upcoming years. Rising investments towards the enhancement of technologies used in automobiles globally will positively influence product adoption in the automotive sector.
Parking sensor, airbag systems, and others in vehicles extensively rely on thermal imaging technology to effectively function in a rugged environment. According to a Global Market Insights Inc., report, global thermal imaging market size is anticipated to grow significantly in the forthcoming years.
The application in detection and measurement is likely to experience exponential growth in the forthcoming years. Thermal imaging technology is widely utilized across the production and manufacturing industries in various temperature reading applications. Constant temperature measurement plays a pivotal role in these industries to improve the quality of the produced goods. Following mentioned are some factors driving thermal imaging adoption in various low-light imaging requirements.
Robust demand in a low-visibility environment
The technology is used to create images of an object in a low-visibility environment based on the information collected by utilizing thermal and infrared radiation. Robust advancement in the technology and its growing incorporation in night vision technologies would drive the thermal imaging industry growth. The integration of sensitive heat sensors with thermal imaging cameras or imagers enables these imaging devices to trace minute temperature differences.
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Growing penetration of smartphone dongles
Thermal imaging market demand from the handheld/portable camera segment is expected to witness lucrative growth in the approaching years. The availability of popular smartphone dongles at comparatively low cost than the handheld imagers, which are designed for imaging such as FLIR One and SEEK Thermal Compact will induce price competitiveness in the industry. Contrastingly, certain limitations of these thermal imaging cameras in terms of their inability to efficiently function in higher temperatures, water, glass, and others could impede the industry expansion to some extent.
Requirements in automotive diagnostics
Based on the end-use, use of thermal imaging in automotive diagnostics will grow over the next few years. The product’s integration in automobiles is quite helpful in enhancing airbag system designs, carrying out quality checks on welds and bonds, validating HVAC system efficiencies, and quantifying the thermal impacts of operation on vehicle tires. Prominent automotive companies including Audi, BMW, and Porsche have increasingly adopted thermal imaging technology for several years.
Growing applications in UAVs
The growing adoption of the product in the automotive and military sectors is expected to complement the thermal imaging market share in the upcoming years. The incorporation of advanced cameras in UAVs (Unmanned Aerial Vehicles) that are used in several military operations will boost product demand to increase UAVs’ operational limits. Also, the technology efficiently aids aircraft to easily navigate through dark surroundings and identify the target even in adverse weather conditions.
Thermal imaging market across Latin America and the Middle East
The escalating deployment of thermal imaging cameras in countries like Colombia, Mexico, and Brazil for security applications would augment regional industry progression. Growing crime rates in these geographies are influencing governments of these regions to increase their defense budgets, which will positively influence the demand for the product. Also, the surging incorporation of the product for residential security applications in Latin America will complement industry expansion across these territories.
Robust economic growth in the Middle East owing to rapid industrialization and a rising number of oil and gas companies will trigger the product demand for numerous detection applications. The growing penetration of IR cameras in the oil and gas sector on account of their usability in preventive maintenance will uplift the thermal imaging industry in the region.
The growing demand for the technology owing to its ability to capture images without any ambient light and in conditions like haze, smoke, and fog, as compared with other heat-based imaging solutions like low-light imaging and near-infrared illumination will encourage thermal imaging business expansion in the coming years.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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