Thermal Camera Market Size

Thermal Camera Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for thermal imagers is expected to grow significantly, with the current market value of $5.16 billion in 2024 forecast to rise to $11.0 billion in 2035. CAGR is 6% for the period 2025–2035, which indicates that the market is expected to grow rapidly in various application areas. The increasing use of thermal imagers in the security and surveillance, automobile and industrial applications is the main driver of this market growth. Furthermore, the development of sensors and the integration of artificial intelligence are expected to increase the performance and application of the thermal imagers, which will also drive the market growth. In response to this increasing demand, the leading companies in the industry such as FLIR, Teledyne, Raytheon, etc., are investing in research and development, forming strategic alliances, and launching new products. In recent years, FLIR has launched advanced thermal imagers that can be used in smart city applications.

Regional Market Size

Regional Deep Dive

The market for thermal imaging cameras is growing in all regions, driven by the growing demand for surveillance and security and the growing use of thermography in industrial applications. The market in North America is characterized by the strong presence of major players and the high level of technological innovation. The market in Europe is characterized by the increasing demand for thermography due to the increasing safety regulations and the growing demand for energy efficiency. The market in the Asia-Pacific region is growing rapidly, driven by the growing investment in public works and defense. The Middle East and Africa are growing because of the growing security issues. In Latin America, thermography is gradually being introduced in various fields, including agriculture and medicine.

North America

• In the United States, the Department of Defense has increased its investment in the development of thermal technology for military applications, which has led to a revolution in the design of portable infrared cameras.
• Companies like FLIR and Raytheon are developing advanced infrared cameras that use artificial intelligence and machine learning for enhanced image processing.
• Changes in legislation, such as the tightening of building regulations in several states, are boosting the use of infrared thermography in energy audits and building inspections.

Europe

• In certain industries, the use of thermography is now compulsory in order to improve safety and efficiency.
• These companies, such as the Germans, are investing in smart building technology that uses infrared thermography to manage energy and security.
• The growing trend towards smart cities in Europe is driving the installation of more and more infrared cameras to monitor public safety and urban planning.

Asia-Pacific

• The fast urbanization and the development of China's public security industry have pushed the demand for infrared cameras in public security and construction.
• India’s defense sector has been relying on the thermal imaging technology for surveillance and reconnaissance, and the government’s “Make in India” initiative is helping it to do so.
• In Japan and Korea, where the development of precision agriculture is in full swing, the use of thermal images has become a tool for crop monitoring and pest control.

MEA

• In recent years, the United Arab Emirates have taken several steps to increase national security. This has resulted in the increased procurement of surveillance equipment, especially infrared cameras, to monitor urban areas.
• In the midst of this, Hikvision is expanding its product range and focusing on the cost-effective use of thermal images in various industries.
• The growing threat of poaching in African countries is causing governments and NGOs to turn to the use of infrared cameras to fight the poachers.

Latin America

• In agriculture, Brazil is seeing the use of thermal images of the soil increase, especially for the monitoring of the health of the plant and the effectiveness of irrigation.
• In the midst of government programs for the improvement of public health, a fever-detecting camera has been installed in the airports and in public places.
• In Chile, for example, the growing importance of renewable energies has increased the demand for infrared thermography in the inspection of solar cells.

Did You Know?

“A thermal camera can detect a difference in temperature of 0.1° C, which is why it is used in many areas, from medical diagnostics to energy audits.” — FLIR Systems

Segmental Market Size

In recent years, the global market for infrared sensors has experienced strong growth, driven by increased demand from industries such as security, automotive, and medical. The main reasons for this growth are the growing demand for security, the development of infrared technology, and the need for industrial maintenance. Also, safety regulations in the building and manufacturing industries, which are subject to increased safety standards, have a positive effect on the industry.

The use of thermal images is currently at the stage of a limited deployment, with some of the world’s leading manufacturers of such devices, such as FLIR and Seek Thermal, leading the way. Application areas range from surveillance and fire-fighting to medical diagnostics, where thermal images are used to detect fevers and other medical abnormalities. Meanwhile, the trend towards greater public security and the emergence of smart cities is accelerating the pace of growth. Machine learning and artificial intelligence are also influencing the development of this market, with their ability to process images and their capacity to enable real-time analysis.

Future Outlook

The 'Thermal Camera Market' is projected to grow at a CAGR of 6.29% from 2024 to 2035, from a value of $ 5.16 billion to $ 10.10 billion. The growth of the market is driven by the increasing demand for thermal cameras in various industries, such as security and surveillance, the automobile, health care, and industry. According to industry projections, by 2035, the penetration rate of thermal cameras in security applications is expected to reach 26% and in the health care industry, 16%.

In the near future, the use of artificial intelligence and machine learning in thermal imagers is expected to enhance the accuracy and performance of the devices. These developments will enable real-time data analysis and decision-making, further driving market growth. Moreover, supportive government policies to improve public safety and health surveillance, especially in the wake of recent global health crises, are likely to bolster the market. Also, the miniaturization of thermal cameras and the growing use of drones with thermal imaging capabilities will play a key role in shaping the market in the next decade.