Thermal Imaging Market Analysis & Forecasts

Thermal Imaging :

Thermal imaging is a process of improving visibility of objects in a dark environment by detecting the objects' infrared radiation and creating an image based on that information.Thermal imaging is where the photographs or videos are made up of heat signatures rather than light. Through thermal imaging you can see things that would otherwise be hidden or invisible.

How it works:

Every object emits infrared energy i.e. heat as a function of their temperature. The infrared energy emitted by an object is known as its heat signature. In general, the hotter an object is, the more radiation it emits. A thermal imager (also known as a thermal camera) is essentially a heat sensor that is capable of detecting tiny differences in temperature. The device collects the infrared radiation from objects in the scene and creates an electronic image based on information about the temperature differences. Because objects are rarely precisely the same temperature as other objects around them, a thermal camera can detect them and they will appear as distinct in a thermal image. 

Major Forces Driving Thermal Imaging Market :

• Growing horizontal adoption, price reduction, low environmental impact and Original Equipment Manufacturers (OEMs) differentiation
• Emergence of integrated solutions such as within Closed Circuit Television (CCTV) cameras, auto motives, smart phones and many others wherein thermal imaging can be leveraged
• The increase in use of thermal imagers across a range of commercial applications in all regions of the world has been identified as one of the major factors behind continual increase in thermal imaging market size.

Thermal Imaging Market Forecasts:

The thermal imaging market is estimated to grow from $3.49 billion in 2013 to $5.84 billion by 2018. This shows a Compound Annual Growth Rate (CAGR) of 10.9% from 2013 to 2018. The surveillance segment continues to be the largest contributor for thermal imaging. In terms of regions, NA is expected to be the biggest market in terms of revenue contribution in 2013, whereas Europe and APAC are expected to experience increased market traction, in due course.

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