Envision Report

Published January 10, 2018

Thermal Imaging Systems Market – Growth & Forecasts (2018 – 2024)

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Thermal Imaging is a technique helps to improve visibility and improve the clarity of objects in dark environmental conditions with the help of infrared light. Thermal imaging systems can also be used in armed forces defend at borders. Thermal Imaging Systems Market is expected to increase by a USD XX Billion by 2024 at a CAGR of 12.19%.

Thermal Imaging Market Size:

Thermal Imaging SystemsMarket size is high due to this region had undergone many geopolitical tensions between countries. The economy along with the military budget is growing in this region. Thermal imaging market is driven due to the demand for the thermal cameras in smartphones one of the critical drivers for the growth of the market size.

Thermal Imaging Systems Market Share:

In addition to the vast market size with the Thermal Imaging Systems involving massive market for new technologies in thermal imaging. China takes second place in military spenders. India owns the broad market for buying spree for military hardware. There are many attacks and disturbances between the countries in the region.

Thermal Imaging Systems Market Growth:

Some of the technical tools and innovations created for the aggressive driving the market growth. Increasing usage across industries, low impact on the environment, Low-cost solutions and integrating the thermal imaging technology with the smartphone are the critical drives for the growth of the market.

Thermal Imaging Systems Market Industry Analysis:

Thermal Imaging SystemsMarket is segmented by solutions, form factor, applications and End-User. Thermal Imaging Systems had a considerable range of applications namely, Industry, maritime, security, research and development, construction industry, airborne systems, ground-based systems and law enforcement agencies. By Solutions, it is segmented into hardware, software and services. By End-User, Thermal Imaging SystemsMarket is segmented into Commercial purpose and military and defence purpose. By form factor, this market is subdivided into fixed mounting and handled imaging.

Thermal Imaging Systems Market Outlook:

According to the recent market outlook, thermal imaging solutions have significant growth in the commercial sector. Adopting these thermal solutions in the retail industry will increase more for providing the better visibility at nights, during excess smoke and fog in the surrounding.

Thermal Imaging Systems Market Trends:

Having focused on investing in strategic growth in markets such as advanced weapons BAE Systems acquired IRP Research. The FLIR Systems acquired point Grey research on October 25, 2017.

Thermal Imaging Systems Market Report Includes:

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have complete market analysis through industry value chain analysisPorter’s fivePESTLESWOT analysis, and Y-o-Y analysis.
  • Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on YearOnYear
  • Identifying DROC in the current market and their impact in altering the market dynamics.
  • Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
  • Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
  • Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • Bae Systems
  • Flir Systems
  • ULIS
  • L-3 Communication Holdings
  • Thermoteknix Systems Ltd.


Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 Pestle Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1 DROC

4.1.1 Drivers

4.1.2 Restraints

4.1.3 Opportunities

4.1.4 Challenges

Chapter 5 Market Segmentation Analysis

Chapter 6 Market Segmentation by End-User

6.1 Introduction

6.2 Commercial Purpose

6.3 Military and Defence

Chapter 7 Market Segmentation by Applications

7.1 Introduction

7.2 Industrial

7.3 Maritime

7.4 Security

7.5 Research and Development

7.6 Construction Industry

7.7 Airborne Systems

7.8 Ground-Based

7.9 Law Enforcement Agencies


Chapter 8 Market Segmentation by Solutions

8.1 Software

8.2 Hardware

8.3 Services

Chapter 9 Market Segmentation by Form Factor

9.1 Fixed Mounted

9.2 Handled Imaging

Chapter 10. Market Segmentation by Geography

10.1 Asia Pacific

10.1.1 Introduction

10.1.2 China

10.1.3 India

10.1.4 Japan

10.1.5 Australia

10.1.6 others

10.2 North America

10.2.1 Introduction

10.2.2 United States

10.2.3 Canada

10.2.4 Mexico

10.2.5 Others

10.3 Europe

10.3.1 Introduction

10.3.2 Spain

10.3.3 UK

10.3.4 France

10.3.5 Russia

10.3.6 Italy

10.3.7 Others

10.4 The Middle East and Africa

10.4.1 Introduction

10.4.2 South Africa

10.4.3 Middle East Countries

10.4.4 Others

10.5 South America

10.5.1 Introduction

10.5.2 Argentina

10.5.3 Brazil


Chapter 11 Competitive Landscape

11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

11.2 Market Share Analysis

11.3 Strategies Adopted by Top Companies

Chapter 12 Company Profiles

12.1 Bae Systems

12.2 ULIS

12.3 Flir Systems

12.4 L-3 Communication Holdings

12.5 Lockheed Martin

12.6 Thermoteknix Systems Ltd.

12.7 Raytheon Co.

12.8 Sofradir Group

12.9 DRS Technologies

12.10 Elbit Systems Ltd. 

Chapter 13 Market Insights

13.1 Insights of Industry Experts

13.2 Analyst Opinion (Market Understanding)

13.3 Investment Opportunities

Chapter 14 Appendix

14.1 List of Tables

14.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.


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