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Thermal Imaging Market Share

Report ID: GMI2654
Published Date: Aug 2024
Report Format: PDF

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Thermal Imaging Market Share

FLIR Systems, Inc. and Raytheon Technologies holds a significant share of over 15% in the market. LONGi Green Energy Technology Co Ltd, GCL-Poly Energy Holdings Limited, and JA Solar Holdings, Co., Ltd., dominate the market with their extensive production capacities, advanced technological capabilities, and strong global distribution networks. These companies continually invest in research and development to improve the efficiency and cost-effectiveness of their products, ensuring they stay ahead of the competition. For example, LONGi’s focus on high-efficiency monocrystalline wafers has allowed it to maintain a competitive edge, while GCL-Poly leverages its vertically integrated operations to control costs and supply chains effectively.

Emerging players such as Seek Thermal Inc. and Opgal Optronic Industries Ltd. are also making significant strides by targeting specific market segments with specialized products. Seek Thermal is known for its consumer-friendly thermal cameras, which cater to personal and home inspection uses, while Opgal focuses on high-performance solutions for security and industrial applications.

Thermal Imaging Market Companies

Major players operating in the thermal imaging industry are:

FLIR Systems, Inc.
Raytheon Technologies
Axis Communications AB
Leonardo DRS
BAE Systems
Opgal Optronic Industries Ltd.
Avon Protection Systems, Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for thermal imaging was valued at USD 12.03 billion in 2023 and is anticipated to register over 10.7% CAGR between 2024 and 2032, driven by technological advancements and expanding applications across various sectors.

The cooled thermal imaging market accounted for over 55% share in 2023 and will expand rapidly through 2032, due to their superior image quality and sensitivity

North America market recorded over 33% share in 2023 and will grow rapidly through 2032, due to significant investments in defense and security.

FLIR Systems, Inc, Raytheon Technologies, Axis Communications AB, Leonardo DRS, BAE Systems, Opgal Optronic Industries Ltd, and Avon Protection Systems, Inc. among others.