Thermal Imaging Market Grows at Steady CAGR with Rising Demand – Reports MarketsandMarkets

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This report about Thermal Imaging Market provides information about the major drivers, restraints, adoption trends and key issues in this market. (http://www.marketsandmarkets.com/Market-Reports/thermal-imaging-market-1300.html)

MarketsandMarkets

MarketsandMarkets

This report covers some of the vital players in the Thermal Imaging Market. These players include Axis Communications, Honeywell, L-3 Communications, Raytheon and many more

The report on “Thermal Imaging Market” analyzes the major driving and restraining factors for the market across different geographic regions.

Browse “Thermal Imaging Market” through detailed TOC, data tables and figures spread across over 153 report pages.
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According to the report, the major forces driving this market include growing horizontal adoption, price reduction, low environmental impact and Original Equipment Manufacturers differentiation. Emergence of integrated solutions such as Closed Circuit Television (CCTV) cameras, auto-motives, smart phones and many other products have increased the importance of thermal imaging. Increase in the use of thermal imagers across a range of commercial applications in all the regions of the world are noted as some of the major driving factors for the market.

According to the report, solution providers such as FLIR Systems, DRS Technologies, Sofradir, Danaher Corporation, and Axis Communications, BAE Systems, Thermoteknix Systems, Testo AG and many others are expected to provide integrated thermal imaging solutions and competitive services. The companies in this industry must take advantage of the growing awareness of thermal imaging in the new markets such as Middle East and Africa (MEA) and Asia Pacific (APAC). Applications with the highest growth rate in the market include surveillance, auto-motives, intelligent transportation systems and services.

MarketsandMarkets segments the thermal imaging market into various sub-segments on the basis of the types of solutions, applications, end-users, and geographic regions. It estimates the global market to reach $5.84 billion in 2018. This growth represents a Compound Annual Growth Rate (CAGR) of 10.9% from 2013 to 2018. According to the report, the surveillance segment continues to be the largest contributor for the market. In terms of regions, North America is expected to be the biggest market. Europe and Asia Pacific regions on the other hand are expected to experience increased market traction, in due course.

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