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Thermal Imaging Market Trends

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

Thermal Imaging Market Trends

Miniaturization and cost reduction are key trends in the thermal imaging industry. Advances in microelectromechanical systems (MEMS) technology and economies of scale in production have led to smaller, more affordable thermal cameras. This shift has not only reduced costs but also opened new applications in consumer electronics.
 

Miniaturization means making devices smaller. In thermal imaging, this involves creating compact cameras that can be easily integrated into other devices like smartphones and wearable gadgets. Cost reduction involves lowering the price of these cameras, making them more accessible to a broader range of consumers and industries. Advances in MEMS technology have been crucial in achieving both miniaturization and cost reduction. MEMS technology allows us to produce tiny mechanical and electrical components, which can be used to build smaller and more efficient thermal cameras. For example, in October 2023, Senop, a subsidiary of Millog Oy, announced the development of a next-generation thermal imager module. This new module is more compact, energy-efficient, and versatile compared to their current offering. It features a reduced pixel size of 12 μm, down from the current 17 μm, while maintaining similar temperature sensitivity.
 

Thermal imaging technology is no longer limited to defense and security applications. It is now being used in a wide range of commercial sectors. For example, in agriculture, thermal imaging can monitor crop health by identifying temperature variations that might indicate issues like disease or pests. It also helps detect pests early, preventing infestations and crop damage. Additionally, thermal imaging aids in managing irrigation by showing which areas of a field need water, thus optimizing water use and improving crop yields. The USDA has noted that larger farms, especially those over 1,500 acres, are more likely to adopt such advanced technologies because they have the resources to invest in the necessary equipment and training.
 

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.

Thermal Imaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 660
  • Countries covered: 21
  • Pages: 310
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