Global Thermal Imaging Market – Global Industry Analysis and Forecast (2017-2024) _ by Type (Cameras, Scopes and Modules), Application (Monitoring & Inspection, Security & Surveillance and Detection), Vertical and Geography. Global Thermal Imaging Market is expected to reach USD 4.56 Billion by 2024 from USD 2.74 Billion in 2016 at a CAGR of 6.6% (Detailed analysis of the market CAGR is provided in the report).
The global thermal imaging market based on type is segmented into cameras, scopes and modules. Modules segment is expected to grow at a high rate during the forecast period. Thermal imaging modules has led by high adoption due to their low cost, compactness and flexibility to integrate with various devices. Based on application, the security and surveillance segment is expected to grow at a high rate during the forecast period. This is due to the wide use of thermal cameras for surveillance during night time and other low-light conditions by border control professionals. Based on vertical, aerospace & defense segment holds largest share of the market during the forecast period. It plays major role in the aerospace & defense industry in measurement of temperature of hazardous environments. Geographically, the Thermal Imaging market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to be largest market for thermal imaging market during the forecast period. This is due to the presence of major players, increasing demand for smartphone-based devices and the rising adoption of thermal imaging in commercial and home automation in this region. The years that have been considered for the study are: • Base year – 2016 • Estimated year – 2017 • Forecast period – 2017 to 2024 Key Highlights: • Global Thermal Imaging market analysis and forecast, in terms of volume and value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Thermal Imaging Market. • Global