Key Market Overview:
The global thermal camera market is expected to experience significant growth in the forecast period (2023-2030), with a projected CAGR of 7.45%. The market size was valued at USD 3.4 billion in 2022 and is expected to reach USD 5.90 billion by 2030. Factors driving market growth include the increasing adoption of thermal cameras in various applications such as surveillance, firefighting, automotive, and industrial, as well as the growing demand for non-contact temperature measurement. Additionally, technological advancements and the introduction of cost-effective solutions are expected to contribute to the market growth.
A thermal camera is a device used to capture images using infrared radiation. The thermal camera detects the temperature of objects in its field of view and converts that information into an image displaying warmer objects as lighter colors and cooler objects as darker colors. Thermal cameras are used in a variety of applications, such as industrial inspection, building energy efficiency, security, and rescue operations.
The growing adoption of thermal cameras in industrial applications, such as predictive maintenance is driving the market growth. Thermal cameras are used to identify potential problems in equipment and machinery by detecting and analyzing heat anomalies in the equipment including overheating and friction. For instance, in November 2022, RealWear launched worlds first hands-free and voice-controlled thermal camera. The advanced device comes with a built-in voice recognition feature that allows for greater convenience and safety for users, particularly in industrial and construction settings..
Thermal Camera Market Report Coverage:
|Market Size in 2030 (USD Billion)
|Fixed and Handheld
|Cooled and Uncooled
|Security & Surveillance, Monitoring & Inspection, Detection & Measurement, and Others
|By End Use
|Industrial, Aerospace And Defense, Oil & Gas, Healthcare, Automotive, and Others
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
- North America [United States, Canada, Mexico]
- Middle East & Africa [GCC, North Africa, South Africa]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
|FLIR Systems Inc., Seek Thermal, Axis Communications AB, Opgal Optronic Industries Ltd., Jenoptik AG, Fluke Corporation, PCE Instruments, Dahua Technology, Axis Communications, Mobotix AG, LumaSense Technologies Inc., Spectronic Plc., Optris GmbH
The development of new and advanced thermal cameras with improved features such as higher resolution, longer detection range, and improved accuracy is driving the demand for thermal cameras. Therefore, organizations are able to take corrective action before an accident occurs, ultimately increasing safety in the workplace. Thermal cameras are used for long-range detection in various applications including border surveillance, maritime surveillance, and perimeter security. The ability of thermal cameras to detect heat signatures at long distances is propelling the growth of the market. For instance, in January 2022, IRay Technology Co. Ltd. launched Kaiyang T300 and T600 Handheld Thermal Camera specifically designed for various applications including electric power detection and petrochemical monitoring.
Accurate temperature measurements are hindered by differing emissivities and reflections from surfaces of different objects. Materials such as metals and shiny surfaces have different emissivities affecting the temperature measurement accuracy of a thermal camera, thereby limiting the growth of the market.
Thermal cameras are increasingly being used in surveillance due to their ability to detect heat signatures from people, animals, and vehicles. Thermal cameras cover a wider area compared to traditional surveillance cameras due to their ability to detect objects from longer distances. Therefore, the application of thermal cameras in security and surveillance is anticipated to create potential opportunities for the growth of thermal camera market.
Thermal Camera Market Segmentation:
Based on the product, the market is bifurcated into handheld and fixed thermal cameras. Fixed thermal cameras dominate the global market in 2022 due to increased demand for security. Fixed thermal cameras are a popular choice for surveillance and monitoring of critical infrastructure facilities, industrial sites, and airports. Moreover, fixed thermal cameras are designed for continuous monitoring of a specific area or location to ensure safety contributing to the growth of this segment.
Handheld thermal cameras are expected to grow during the forecast period. Advancements in technology have led to the development of handheld thermal cameras that are more compact, lightweight, and affordable. Handheld thermal cameras are used for a wide range of mobile applications, such as building inspections, electrical inspections, and HVAC maintenance. For instance, in September 2022, Infrared Cameras Inc. launched Titan HD, a handheld camera to survey critical assets and infrastructure.
Based on the technology, the market is segmented into cooled and uncooled thermal cameras. Cooled thermal cameras accounted for a significant market share in 2022. Cooled thermal cameras use a detector that is cooled to a very low temperature to reduce thermal noise making the camera more sensitive. Cooled thermal cameras offer higher resolution and greater sensitivity ideal for use in applications including scientific research, military and defense, and industrial inspection.
Uncooled thermal cameras are anticipated to register highest CAGR growth during the forecast period. Uncooled thermal cameras operate at room temperature eliminating the need for cooling the detector. Uncooled thermal cameras are used in applications such as building inspections, HVAC maintenance, and firefighting. For instance, in January 2020, Silent Sentinel launched a new range of uncooled thermal cameras at Intersec 2020 in Dubai.
The thermal camera market is segmented into security and surveillance, monitoring and inspection, detection and measurement, and others. The security and surveillance segment dominates the global market due to the increased demand for security from commercial and industrial sectors. Thermal cameras provide a cost-effective and reliable solution for monitoring and detecting potential threats in critical infrastructure facilities including airports, seaports, and power plants. Moreover, thermal cameras are used in perimeter security applications to detect human and animal movements for use in military, law enforcement, and commercial security applications.
The monitoring and inspection segment is anticipated to register significant growth during the forecast period as thermal camera offers a cost-effective solution for monitoring and inspecting equipment and industrial processes. Thermal cameras are used to detect heat loss, insulation problems, and leaks in pipes and equipment in various industries including oil & gas, automotive, and building & construction industries.
By End User
Based on the end-user, the market is segmented into industrial, aerospace and defense, oil & gas, healthcare, automotive, and others. The industrial segment accounted for the largest revenue share in 2022. Thermal cameras are used for monitoring and inspecting equipment and processes in the industrial sector. Moreover, thermal cameras are a well-suited solution for use in areas that are hazardous or difficult to access due to their ability to measure temperature and detect irregularities eliminating the need for physical contact with the equipment or process.
The healthcare sector is anticipated to register the highest CAGR during the forecast period. Thermal cameras are used in the healthcare sector for applications including temperature screening, and detection of skin diseases. Thermal cameras are used to detect elevated body temperatures as well as skin diseases such as eczema and melanoma. Therefore, the healthcare industry is expected to witness significant growth during the forecast period.
North America dominates the thermal camera market due to the increasing demand for thermal imaging technologies in the construction & manufacturing industries. Thermal cameras are used to detect potential safety hazards, including overheating of machinery and to monitor workers for heat stress. Moreover, the growing defense and military sectors in the United States is driving the demand for thermal cameras in the region. Furthermore, the presence of key players such as FLIR Systems, Inc., IR Cameras LLC, and InView Technology Corporation is contributing to the growth of the regional market.
Asia-Pacific is anticipated to register significant growth during the forecast period. Asia Pacific has a large and rapidly growing manufacturing industry, driving the demand for thermal cameras in the region. Many countries in Asia-Pacific have stringent safety regulations to increase the adoption of thermal cameras. For instance, the Airports Authority of India issued a notice to airports across the country to procure thermal cameras and other equipment for screening passengers in response to the COVID-19 pandemic.
Thermal Camera Market Competitive Landscape:
Thermal camera market is highly competitive, with several large and small companies competing for market share. Companies are putting in constant efforts to provide technologically advanced products to enhance their product offerings in the market. Mentioned are the prominent market players that consist of the latest market concentration–
• Teledyne FLIR LLC.
• Seek Thermal
• Axis Communications AB
• Opgal Optronic Industries Ltd.
• Jenoptik AG
• Fluke Corporation
• PCE Instruments
• Dahua Technology
• Mobotix AG
• LumaSense Technologies Inc.
• Spectronic Plc.
• Optris GmbH
• In April 2022, Dahua Technology launched Thermal Monocular Handheld Camera series M20 , M40, and M60 for outdoor applications such as hiking, wildlife conservation, and rescue missions.
• In September 2021, Axis Communications launched two thermal imaging cameras AXIS Q1951-E and AXIS Q1952-E for long-range detection and perimeter security applications.