Thermal Imaging Market - Worldwide Market Forecasts 2013 - 2018

Thermal Imaging Market - Global Forecast to 2020

M&M, Date of Publication: May 21, 2015, 149 Pages
US$4,650.00
MA-TC3414

Thermal Imaging Market by Solutions (Hardware, Software, Services), by Applications (Surveillance (Airborne, Maritime, Land), Threat Detection, Veterinary, Automotive & others), by End-Users (Military & Defense & Commercial) - Global Forecast to 2020

Thermal Imaging is changing the world with the applications ranging from military to personal handheld cameras and smartphones. The global thermal imaging market has witnessed a significant demand owing to the increasing adoption of related devices across a diverse range of applications. The thermal imaging market is fast gaining traction primarily due to decreasing cost and increasing usage in various industrial verticals.

The thermal imaging market is growing due to acceptance of thermal camera applications in military and commercial segment, driven in portion by development in the technology and innovation. With evolving technology, the possibilities of thermal imaging camera have become increasingly attractive to the decision makers and operators. The thermal imaging cameras are finding their way in more and more consumer-oriented applications. Horizontal adoption is yet another driver for thermal imaging market. Continual decrease in prices of thermal cameras is expected to remain the key driver behind the increase in the adoption of thermal imaging technology in the coming years.

The demand for thermal imaging market is accelerating due to its cost-effective and easy deployment features. Hence, vendors in these markets are coming up with technologies and solutions to increase their penetration in the market. In recent years, APAC region is increasingly investing and adopting thermal imaging on up-gradation of weapons and battle equipment which is also the key factor which is propelling the growth of thermal imaging market.  Still there are certain challenges restraining the growth of thermal imaging market. The decline in the defense budget of U.S. & Europe is the major restraint being faced by the thermal imaging industry.

The report also provides an in-depth analysis of the thermal imaging market across the solutions types, applications, end-users, and regions. The market is also segmented by region into North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA). Among all the regions, North America holds the maximum market size whereas APAC is the major growing areas.

The thermal imaging market is expected to grow from $7,252.0 million in 2015 to $9,998.9 million by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 6.6% from 2015 to 2020. The key players in this market include Flir systems, Danaher corp, BAE systems, L-3 communications, DRS technologies, Axis communication, Raytheon, Sofradir group, Thermoteknix systems, Testo AG and many others

There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. The dollar fluctuations are expected to not seriously affect the forecasts in the emerging regions.

The report will help the market leaders or new entrants in this market in the following ways:

1. This report segments the market into various sub-segments covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different end users and regions.

2. This report will help in the better understanding of the competitors and gain more insights to better one’s position in business. There is a separate section on competitive landscape, which includes competitor ecosystem, and mergers and acquisitions, partnerships, and agreements. Besides, there are company profiles of ten players in this market. In this section, market internals are provided that can put one ahead of the competitors.

3. The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Market Size Estimation
           2.1.1 Bottom-Up Approach
           2.1.2 Top-Down Approach
                    2.1.2.1 Breakdown of Primary Interviews
    2.2 Market Breakdown and Data Triangulation
           2.2.1 Market Share Estimation
                    2.2.1.1 Key Data Taken From Secondary Sources
                    2.2.1.2 Key Data From Primary Sources
    2.3 Assumptions
    2.4 Key Industry Insights

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Thermal Imaging Market
    4.2 Market, By Solution
    4.3 Market Based on Region and Application
    4.4 Market Potential
    4.5 Life Cycle Analysis, By Region, 2015

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Evolution of the Thermal Imaging Market
    5.3 Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Rise of Smartphones Thermal Cameras
                    5.4.1.2 Emerging Demand of Commercial Applications
                    5.4.1.3 Reduction in The Price Of A Thermal Imaging Camera
                    5.4.1.4 Environment Friendly
           5.4.2 Restraint
                    5.4.2.1 Decline in Defense Budget
           5.4.3 Opportunities
                    5.4.3.1 Increasing Scope of Consumer Electronics
                    5.4.3.2 Emergence of Integrated Solutions
                    5.4.3.3 Increasing Demand of Services
           5.4.4 Challenge
                    5.4.4.1 Lack of Clarity Differentiation

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of Substitutes
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of New Entrants
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry

7 Thermal Imaging Market Analysis, By Solution (Page No. - 46)
    7.1 Introduction
    7.2 Hardware
    7.3 Software
    7.4 Services

8 Thermal Imaging Market Analysis, By Application (Page No. - 50)
    8.1 Introduction
    8.2 Surveillance
           8.2.1 Airborne Systems
           8.2.2 Maritime Systems
           8.2.3 Land Systems
    8.3 Threat Detection
    8.4 Surveys
    8.5 Predictive Maintenance
    8.6 Radiology
    8.7 Intelligent Transportation Systems
    8.8 Commercial and Residential Security
    8.9 Personal Vision
    8.10 Fire Fighting
    8.11 Research and Development (R&D)
    8.12 Automotive
    8.13 Veterinary
    8.14 Others

9 Thermal Imaging Market Analysis, By End User (Page No. - 63)
    9.1 Introduction
    9.2 Military and Defense
    9.3 Commercial

10 Geographic Analysis (Page No. - 68)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific (APAC)
     10.5 Middle East and Africa (MEA)
     10.6 Latin America

11 Competitive Landscape (Page No. - 91)
     11.1 Overview
     11.2 Competitive Situation and Trends
             11.2.1 New Product Launches
             11.2.2 Mergers and Acquisitions
             11.2.3 Partnerships and Collaborations
             11.2.4 Business Expansion

12 Company Profile (Page No. - 98)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     12.2 Flir Systems, Inc.
     12.3 Danaher Corporation
     12.4 BAE Systems
     12.5 L-3 Communications Holdings, Inc.
     12.6 DRS Technologies, Inc.
     12.7 AXIS Communications
     12.8 Raytheon
     12.9 Sofradir Group
     12.10 Thermoteknix Systems Ltd.
     12.11 Testo AG

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 129)
     13.1 Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (69 Tables)

Table 1 Thermal Imaging Market Size and Growth, By Solution,2013–2020 ($Million, Y-O-Y %)
Table 2 Drivers: Impact Analysis
Table 3 Restraint: Impact Analysis
Table 4 Opportunities: Impact Analysis
Table 5 Challenge: Impact Analysis
Table 6 Thermal Imaging Market Size, By Solution, 2013–2020 ($Million)
Table 7 Hardware: Market Size, By Region,2013–2020 ($Million)
Table 8 Hardware: Market Size, By Component,2013–2020 ($Million)
Table 9 Software: Market Size, By Region,2013–2020 ($Million)
Table 10 Services: Market Size, By Region, 2013–2020 ($Million)
Table 11 Thermal Imaging Market Size, By Application, 2013–2020 ($Million)
Table 12 Surveillance Market Size and Growth, By Types,2013–2020 ($Million, Y-O-Y %)
Table 13 Surveillance: Market Size, By Region,2013–2020 ($Million)
Table 14 Airborne Systems: Market Size, By Region,2013–2020 ($Million)
Table 15 Maritime Systems: Market Size , By Region,2013–2020 ($Million)
Table 16 Land Systems: Market Size, By Region,2013–2020 ($Million)
Table 17 Threat Detection: Market Size, By Region,2013–2020 ($Million)
Table 18 Surveys: Market Size, By Region, 2013–2020 ($Million)
Table 19 Predictive Maintenance: Market Size, By Region,2013–2020 ($Million)
Table 20 Radiology: Market Size, By Region,2013–2020 ($Million)
Table 21 Intelligent Transportation Systems: Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 22 Commercial and Residential Security: Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 23 Personal Vision: Market Size, By Region,2013–2020 ($Million)
Table 24 Fire Fighting: Market Size, By Region,2013–2020 ($Million)
Table 25 R&D: Market Size, By Region, 2013–2020 ($Million)
Table 26 Automotive: Market Size, By Region,2013–2020 ($Million)
Table 27 Veterinary: Market Size, By Region,2013–2020 ($Million)
Table 28 Others: Market Size, By Region, 2013–2020 ($Million)
Table 29 Market Size, By End User, 2013–2020 ( Thousand Units)
Table 30 Market Size , By End User, 2013–2020 ($Million)
Table 31 Military and Defense: Market Size, By Region,2013–2020 (Thousand Units)
Table 32 Military and Defense: Market Size, By Region,2013–2020 ($Million)
Table 33 Commercial: Market Size, By Region,2013–2020 (Thousand Units)
Table 34 Commercial: Market Size, By Region,2013–2020 ($Million)
Table 35 Thermal Imaging Market Size, By Region, 2013–2020 ($Million)
Table 36 North America: Market Size, By Solution,2013–2020 ($Million)
Table 37 North America: Market Size, By End User (Thousand Units) 2013–2020 ($Million)
Table 38 North America: Market Size, By Country2013–2020 ($Million)
Table 39 North America: Market Size, By Application,2013–2020 ($Million)
Table 40 North America: Market Size, By Surveillance System, 2013–2020 ($Million)
Table 41 North America: Thermal Imaging Market Size, By End User,2013–2020 ($Million)
Table 42 Europe: Market Size, By Solution,2013–2020 ($Million)
Table 43 Europe: Market Size, By End User,2013–2020 (In Thousand Units),
Table 44 Europe: Market Size, By Country, 2013–2020 ($Million)
Table 45 Europe: Market Size, By Application,2013–2020 ($Million)
Table 46 Europe: Market Size , By Surveillance System,2013–2020 ($Million)
Table 47 Europe: Thermal Imaging Market Size, By End User,2013–2020 ($Million)
Table 48 Asia-Pacific: Market Size, By Solution,2013–2020 ($Million)
Table 49 Asia Pacific: Market Size, By End User(In Thousand Units), 2013–2020 ($Million)
Table 50 Asia Pacific: Market Size, By Country,2013–2020 ($Million)
Table 51 Asia-Pacific: Market Size, By Application,2013–2020 ($Million)
Table 52 Asia-Pacific: Market Size , By Surveillance System, 2013–2020 ($Million)
Table 53 Asia-Pacific: Thermal Imaging Market Size, By End User,2013–2020 ($Million)
Table 54 Middle East and Africa: Market Size, By Solution, 2013–2020 ($Million)
Table 55 Middle East and Africa: Market Size, By End User, 2013–2020 (Thousand Units)
Table 56 Middle East and Africa: Market Size, By Country, 2013–2020 ($Million)
Table 57 Middle East and Africa: Market Size, By Application, 2013–2020 ($Million)
Table 58 Middle East and Africa: Market Size, By Surveillance System, 2013–2020 ($Million)
Table 59 Middle East and Africa: Thermal Imaging Market Size, By End User, 2013–2020 ($Million)
Table 60 Latin America: Market Size, By Solution,2013–2020 ($Million)
Table 61 Latin America: Market Size, By End User(In Thousand Units), 2013–2020 ($Million)
Table 62 Latin America: Market Size, By Country,2013–2020 ($Million)
Table 63 Latin America: Market Size, By Application,2013–2020 ($Million)
Table 64 Latin America: Market Size, By Surveillance System, 2013–2020 ($Million)
Table 65 Latin America: Thermal Imaging Market Size, By End User,2013–2020 ($Million)
Table 66 New Product Launches, 2013–2015
Table 67 Mergers and Acquisitions, 2012–2015
Table 68 Partnerships and Collaborations, 2013–2015
Table 69 Business Expansion, 2013–2015
 
 
List of Figures (51 Figures)
 
Figure 1 Global Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Hardware Segment is Covering the Maximum Share of Thermal Imaging Market, By Solution (2015 vs. 2020)
Figure 7 Surveillance is Expected to Lead the Thermal Imaging Market By Application (2015 vs. 2020)
Figure 8 Land Systems is Dominating the Thermal Imaging Surveillance Market (2015 vs. 2020)
Figure 9 Military and Defense is the Market Leader in the Thermal Imaging Market, By End User (2015 vs. 2020)
Figure 10 North America Will Have the Largest Market Share for the Thermal Imaging Market in 2015
Figure 11 Growing Demand of Thermal Imaging Cameras for Smart Phones is Driving the Thermal Imaging Market
Figure 12 Service Market is Expected to Grow at the Highest Rate Among the Segments During the Forecast Period
Figure 13 North America Accounted for the Maximum CAGR of 8.4% During the Forecast Period
Figure 14 Asia-Pacific Will Grow With the Highest CAGR Than Other Regional Markets Between 2015 and 2020
Figure 15 Asia-Pacific Will Be the Most Lucrative Market During the Period2015–2020
Figure 16 Market Evolution
Figure 17 Market Segmentation
Figure 18 Drivers, Restraints, Opportunities, and Challenges of the Thermal Imaging Market
Figure 19 Value Chain
Figure 20 Porter’s Five Forces Analysis
Figure 21 Hardware Market is Dominated By Thermal Imaging Solutions
Figure 22 Surveillance Accounts for the Maximum Share in the Application Market
Figure 23 Commercial End Users Account for the Maximum Share in the Thermal Imaging Market
Figure 24 North America has the Maximum Market Share in the Global Thermal Imaging Market During the Forecast Period
Figure 25 Regional Snapshot: APAC is Emerging as A New Hotspot
Figure 26 APAC: an Attractive Destination for Thermal Imaging
Figure 27 North America Market Snapshot: Presence of Major Industries is A Factor Contributing Towards Growth in This Region
Figure 28 Hardware Market is Expected to Dominate the Thermal Imaging Market in North America
Figure 29 Hardware Market is Expected to Grow at the Highest CAGR During 2015–2020
Figure 30 Asia-Pacific Market Snapshot: Growth is Driven By BPM Solutions
Figure 31 Asia-Pacific Represents Huge Growth Opportunities for the Thermal Imaging Hardware Market
Figure 32 Emerging Market of Middle East and Africa Presents Growth Prospects for the Thermal Imaging Hardware Market
Figure 33 Thermal Imaging Hardware Market is Expected to Gain Traction in the Latin American Region
Figure 34 Companies Adopted New Product Launches and Enhancements as the Key Growth Strategy for the Period 2013–2015
Figure 35 Area Chart Showing Historical CAGR of the Top Players
Figure 36 Market Evaluation Framework
Figure 37 Battle for Market Share: New Product Launch, Merger & Acquisition, and Partnership & Collaboration Were the Key Strategies
Figure 38 Geographic Revenue Mix of the Top 5 Market Players in 2014
Figure 39 Flir Systems, Inc.: Company Snapshot
Figure 40 SWOT Analysis: Flir Systems
Figure 41 Danaher Corporation: Company Snapshot
Figure 42 SWOT Analysis: Danaher Corporation
Figure 43 BAE Systems: Company Snapshot
Figure 44 SWOT Analysis: BAE Systems
Figure 45 L-3 Communications: Company Snapshot
Figure 46 SWOT Analysis: L-3 Communications
Figure 47 DRS Technologies, Inc.: Company Snapshot
Figure 48 SWOT Analysis: DRS Technologies, Inc.
Figure 49 AXIS Communications: Company Snapshot
Figure 50 Raytheon: Company Snapshot
Figure 51 Sofradir: Company Snapshot


 

Date of Publication:
May 21, 2015
File Format:
PDF via E-mal
Number of Pages:
149 Pages
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