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