The Thermal Imaging Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Thermal Imaging Market?
The market size of the thermal imaging industry has seen significant growth in recent times. It is expected to increase from $7.57 billion in 2024 to $8.36 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Thermal Imaging Industry?
The market size of the Thermal Imaging Global Market is projected to reach $13.31 billion in 2029 with a compound annual growth rate (CAGR) of 12.3%.
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What are the Key Growth Drivers Fueling the Thermal Imaging Market?
The key drivers in the thermal imaging market are:
• Increased requirements for surveillance and security
• Expansion and development of infrastructure
• Greater application of thermal imaging in firefighting, emergency response and health screening
• Progressive use of thermal imaging in the automotive safety industry
Global Market Segmentation: Identifying Major Thermal Imaging Industry Segments
The thermal imaging market covered in this report is segmented –
1) By Type: Thermal Cameras, Thermal Scopes, Thermal Modules
2) By Technology: Cooled, Uncooled
3) By Wavelength: Shortwave Infrared, Mid Wave Infrared, Long Wave Infrared
4) By Application: Thermography, Surveillance, Personal Vision Systems?, Fire Fighting?, Smartphones (Ruggedized), Other Applications
5) By Vertical: Aerospace And Defense, Law enforcement, Healthcare, Automotive, Oil And Gas, Residential, Manufacturing, Other Verticals
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What are the Emerging Trends Shaping the Future of the Thermal Imaging Market?
The key trends in the thermal imaging market are:
• High-resolution thermal imaging for surveillance is a major emerging trend.
• Applying thermal imaging for inspections of buildings and infrastructure is on the rise.
• Innovative uses of thermal imaging for agricultural and environmental monitoring are becoming more popular.
• The use of thermal imaging in industrial predictive maintenance and the development of multi-spectral thermal imaging solutions are up-and-coming trends.
Who Are the Top Competitors & Leading Players in the Thermal Imaging Market?
Major companies in the thermal imaging market are:
• RTX Corporation
• Canon Inc.
• BAE Systems plc
• L3HARRIS Technologies Inc.
• Hangzhou Hikvision Digital Technology Co Ltd.
• Zhejiang ULIRvision Technology Co Ltd.
• Leonardo S.p.A.
• Teledyne Technologies Incorporated
• Sofradir SAS
• FLIR Systems Inc.
• Axis Communications AB
• Fluke Corporation
• Jenoptik AG
• Testo SE & Co KGaA
• Wuhan Guide Sensmart Tech Co Ltd.
• Guide Infrared Co Ltd.
• Nippon Avionics Co Ltd.
• Thermoteknix Systems Ltd.
• InfraTec Infrared LLC
• Xenics NV
• Opgal Optronic Industries Ltd.
• Cantronic Systems Inc.
• Tonbo Imaging Pvt Ltd.
• MoviTHERM
• New Imaging Technologies
• Seek Thermal Inc.
• Argus Thermal Imaging Cameras
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the thermal imaging market in 2024
