Thermal Imaging Market Will Reach Usd 6,098.8 Million in 2019

Transparency Market

Research

Thermal Imaging Market -Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2013 – 2019

Published Date

2014-07-01

72 Page Report

Buy Now

Request Sample

Press Release

Thermal Imaging Market Will Reach USD 6,098.8 Million in 2019 :

Transparency Market Research

Transparency Market Research

State Tower,

90, State Street, Suite 700.

Albany, NY 12207

United States

www.transparencymarketresearch.com

sales@transparencymarketresearch.com

Thermal Imaging Market

REPORT DESCRIPTION

According to a new market report Title “Thermal Imaging Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast, 2013 - 2019”, the global thermal imaging market is forecast to reach USD

6,098.8 million by 2019. The market growth is driven by emergence of new applications and increased

investment on modernization of armed forces across emerging markets.

Global thermal imaging market was valued at USD 3,192.5 million in 2012 and is expected to grow at a

CAGR of 9.76% from 2013 to 2019. Rising penetration of thermal imaging devices in industrial and

commercial sector is driving the growth of this market. Industrial sector is using thermal imaging devices

for manufacturing process monitoring and to find hot spot in mechanical and electrical installation.

Commercial sector is deploying thermal imaging devices for building diagnosis and security of airports and

estates etc. In addition, reduction in the price of thermal imaging devices has increased penetration in the

residential sector. However, decreasing military spending by major countries such as U.S., Canada, Italy

and France are hindering the growth of thermal imaging market.

Among the various end-user segments, defense and military is the largest sector and accounted for

45.04% of market revenue share in 2012. The defense and military sector is expected to dominate the

market over forecast period due to the increasing investment by various countries such as China, U.K,...