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Thermal Imaging Systems Market, Global Outlook and Forecast 2023-2032

The global Thermal Imaging Systems market was valued at US$ 3203.3 million in 2022 and is projected to reach US$ 4669.5 million by 2029, at a CAGR of 5.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Thermal imaging systems are like thermal cameras that can sense and identify any amount of difference in the temperate of the subject by calculating the infrared energy emitted by it. The images obtained are known as thermograms that are the visual display of the infrared energy emission amount as well as transmission and reflection quantity by an object. These systems consists of a camera that holds the capability of interpreting the data by performing algorithms in order to build an image and they work on the principle of natural phenomenon of radiant heat exchange which takes place all the time and everywhere.
This report aims to provide a comprehensive presentation of the global market for Thermal Imaging Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thermal Imaging Systems. This report contains market size and forecasts of Thermal Imaging Systems in global, including the following market information:
Global Thermal Imaging Systems Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)

The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Hardware Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Thermal Imaging Systems include BAE Systems Plc., Flir Systems, L-3 Communications Holdings, Ulis S.A.S, Lockheed Martin, Drs Technologies, Inc., Elbit Systems Ltd., Raytheon Company and Sofradir Sas, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Thermal Imaging Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:

Global Thermal Imaging Systems Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Thermal Imaging Systems Market Segment Percentages, by Type, 2022 (%)
  • Hardware
  • Software
  • Services
Global Thermal Imaging Systems Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Thermal Imaging Systems Market Segment Percentages, by Application, 2022 (%)
  • Automotive
  • Government & Defense
  • Healthcare & Life Science
  • Maritime
  • Security
  • Research and Development
  • Construction & Building
  • Others
Global Thermal Imaging Systems Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Thermal Imaging Systems Market Segment Percentages, By Region and Country, 2022 (%)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
  • Key companies Thermal Imaging Systems revenues in global market, 2018-2023 (estimated), ($ millions)
  • Key companies Thermal Imaging Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
  • BAE Systems Plc.
  • Flir Systems
  • L-3 Communications Holdings
  • Ulis S.A.S
  • Lockheed Martin
  • Drs Technologies, Inc.
  • Elbit Systems Ltd.
  • Raytheon Company
  • Sofradir Sas
  • Thermoteknix Systems Ltd.

Outline of Major Chapters:
Chapter 1: Introduces the definition of Thermal Imaging Systems, market overview.
Chapter 2: Global Thermal Imaging Systems market size in revenue.
Chapter 3: Detailed analysis of Thermal Imaging Systems company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Thermal Imaging Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.