Thermal Imaging Market - Worldwide Market Forecasts to 2018

News provided by

Apr 23, 2014, 01:59 ET

DUBLIN, Ireland, April 23, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/g5wzd9/thermal_imaging) has announced the addition of the "Thermal Imaging Market - Worldwide Market Forecasts (2013 - 2018)" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )

Thermal imaging cameras provide solutions with capabilities to improve visibility during difficult conditions such as night, smoke etc. These are the devices that are capable of detecting the temperature differences in the infrared range which can then be converted to an electronic signal and can be displayed on the screen. Traditionally, dependent on the United States (U.S.) defense spending, the industry now is losing its dependence in a continual manner and is expected to be driven by commercial applications such as predictive maintenance, automotives, personal vision and others. Despite the decrease in orders from the U.S. defense market because of budget sequestration, the industry is flourishing at a rapid pace because of increase in adoption via horizontal manner.

Growing horizontal adoption, continual price reduction, low environmental impact and Original Equipment Manufacturers (OEMs) differentiation are expected to remain the major drivers behind increased adoption of thermal imaging solutions. Services provided by using thermal cameras such as for building diagnostics, tank inspection surveys, radiology and many others are expected to be one among the major opportunistic areas of growth for the start-ups in the near future because of factors such as increasing need, growing awareness and the requirement for lower initial investments.

The notable solution developers in this domain are FLIR, DRS Technologies, Sofradir, Danaher Corporation, and Axis Communications, BAE Systems, Thermoteknix and Testo AG. These players along with the others present in the market are expected to make a big impact in this rapidly growing marketplace in the next five years. The thermal imaging market is expected to grow from $3488.3 million in 2013 to $5840.5 million in 2018, at a CAGR of 10.9%.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Thermal Imaging: Market Size and Forecast By Solutions

5 Thermal Imaging: Market Size and Forecast By Applications

6 Thermal Imaging: Market Size and Forecast By End Users

7 Thermal Imaging: Market Size and Forecast By Regions

8 Thermal Imaging: Market Landscape

9 Company Profiles