Thermal Imaging Market to be Worth $7.8 Billion by 2031

1. Thermal Imaging Market to be Worth $7.8 Billion by 2031

2. Global Thermal Imaging Market - 2024 to 2031 A new report from Meticulous Research®, titled ‘THERMAL IMAGING MARKET by Type (Handheld Cameras, Fixed Cameras, Scopes, Modules), Technology (Cooled, Uncooled), Wavelength (SWIR, MWIR, LWIR), Application (Security & Surveillance) - Global Forecast to 2031,’ forecasts that the global thermal imaging market will reach $7.8 billion by 2031, growing at a CAGR of 7.2% between 2024 and 2031. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5978 The market’s expansion is driven by increasing security needs, especially in surveillance, as well as the growing use of thermal imaging across various industries, including manufacturing. In addition, rising defense budgets and demand for thermal imaging in healthcare applications are expected to create further growth opportunities. However, alternative imaging technologies like visible light cameras and radar systems could limit the market’s growth potential. Moreover, the high cost of thermal imaging devices remains a key challenge for manufacturers. The thermal imaging market is segmented by type, technology, wavelength, and application, with the report providing a detailed analysis of these segments and their performance across different regions. The handheld camera segment is expected to dominate the market in 2024, accounting for over 55% of the market share. Its widespread use for field inspection, maintenance, and emergency services, coupled with its portability and ease of use, underpins its large market share. The fixed camera segment, however, is anticipated to experience the fastest growth due to its ability to provide continuous monitoring of critical infrastructure without manual intervention. From a technological perspective, cooled thermal imaging systems are forecasted to capture the largest market share in 2024, with a projected share of over 64%. These systems offer high sensitivity, precision, and the ability to detect subtle temperature differences, making them ideal for extreme environmental conditions. Nevertheless, the uncooled thermal imaging segment is poised to register the highest CAGR, driven by its lower cost, easier maintenance, and growing use in building diagnostics, wildlife monitoring, and law enforcement applications. The report also segments the market by wavelength, with the longwave infrared (LWIR) segment expected to capture the largest share, over 49%, by 2024. The growing demand for LWIR cameras in sectors like environmental monitoring, automotive systems, and security contributes to its dominance. Meanwhile, the shortwave infrared (SWIR) segment is forecasted to experience the highest growth rate, driven by its ability to deliver enhanced image clarity in challenging environmental conditions and its expanding use in medical diagnostics. In terms ofapplication, security and surveillance is projected to remain the largest segment, holding more than 41% of the market share in 2024. The increasing use of thermal cameras for perimeter security and their integration into smart security systems are key factors behind this trend. On the other hand, the healthcare sector is expected to witness the highest CAGR during the forecast period, as thermal imaging technology becomes more prevalent in non-invasive diagnostics, early disease detection, and fever screening applications. Geographically, North America is expected to dominate the thermal imaging market in 2024, capturing over 36% of the market share. The region’s growth is driven by heightened security concerns, technological advancements, and substantial investments in defense and medical Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global Thermal Imaging Market - 2024 to 2031 diagnostics. Meanwhile, the Asia-Pacific region is set to grow at the fastest rate, with a projected CAGR of 8.5%, due to increased adoption of thermal imaging in industries such as defense, automotive, and healthcare. BUY NOW : https://www.meticulousresearch.com/Checkout/75379605 Key Players: The key players operating in the thermal imaging market are Teledyne FLIR LLC (U.S.) (a subsidiary of Teledyne Technologies Incorporated (U.S.)), Fluke Corporation (U.S.), L3Harris Technologies, Inc. (U.S.), Leonardo S.p.A. (Italy), Axis Communications AB (Sweden), BAE Systems plc (U.K.), RTX Corporation (U.S.), Lockheed Martin Corporation (U.S.), Testo SE & Co. KGaA (Germany), Thales Group (France), Seek Thermal, Inc. (U.S.), Exosens (France), Honeywell International Inc. (U.S.), Trijicon, Inc. (U.S.), Cantronic Systems, Inc. (U.S.), Safran Group (France), Zhejiang Dali Technology Co., Ltd. (China), HT Italia S.r.l. (Italy), Thermoteknix Systems Ltd. (U.K.), and Bullard (U.S.). Key questions answered in the report- • Which are the high-growth market segments based on type, technology, wavelength, application, and geography? • What was the historical market for the thermal imaging market? • What are the market forecasts and estimates for the period 2024–2031? • What are the major drivers, restraints, opportunities, and challenges in the thermal imaging market? • Who are the major players, and what shares do they hold in the thermal imaging market? • What is the competitive landscape in the thermal imaging market? • What are the recent developments in the thermal imaging market? • What do the major players adopt the different strategies in the thermal imaging market? • What are the key geographic trends, and which are the high-growth countries? • Who are the local emerging players in the global thermal imaging market, and how do they compete with the other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Global Thermal Imaging Market - 2024 to 2031 Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com