Thermal Imaging Market Size Outlook – Automotive Applications to Boost Industry Growth Over 2018 – 2024

Thermal imaging market share from automotive applications, as per reports, is slated to cross USD 900 million by 2024. The escalating revenue graph of the business space can primarily be credited to the increasing penetration of self-driving cars in automotive space. With these autonomous vehicles equipped with advanced features like high-resolution cameras, LIDAR, the domain has turned out to be a viable investment avenue for thermal imaging market players.

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The thermal dataset designed for ADAS and self-driving vehicles features a compilation of over 10000 annotated thermal images of both the day and night scenarios. Encompassing a portfolio that is claimed to be the first of its kind in thermal imaging marketplace, the aforementioned thermal imaging dataset starter reportedly allows developers to test and evolve CNN (convolutional neural networks) with the company’s patent ADK (Automotive Development Kit). The thermal dataset is claimed to commence commercialization in July this year with an anticipation of a price dip in these sensors, in a bid to expand its reach across millions of autonomous vehicles.

The thermal imaging market is characterized by the compliance of these products with industry standards such as the National Fire Protection Association (NFPA) 1801 standard, the Ingress Protection (IP) rating 65,67 and the regulations imposed on the export of such devices including the U.S. International Traffic in Arms Regulations and the Export Administration Regulations (EAR). Such regulatory compliances ensure the devices reliability and performance even under adverse conditions and prevent misuse and trafficking for illegal purposes.

Scopes & vision goggles offer the flexibility of day and night time use even under adverse weather conditions such as fog or smoke. Riflescopes enable military personnel to read off the targets heat signatures for the most accurate position decision. Most riflescopes feature several color palates for better visualization and are more expensive than the monochrome models. Geopolitical unrest and the need for technologically-equipped border patrol are expected to drive thermal imaging market growth for the segment.

The Asia Pacific market is largely driven by the rising demand for thermal cameras in smartphones and the availability of low-cost imagers. The MEA thermal imaging market is expected to witness a sharp growth owing to the favorable infrastructure development trends and the rising demand across oil & gas industries in the region.

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In recent years, most of the contemporary innovations that thermal imaging market is characterized by grounds on two major rationales – cost and resolution. Most of the high resolution thermal cameras nowadays are available at comparatively reasonable price. Another anticipating trend of miniaturization of cores is also bringing a plethora of advancements in the business space particularly from industrial applications. Leonardo DRS, for example, just a few months back, grabbed the headlines with the launch of its latest 10-micron thermal camera core for OEMs. Dubbed as Tenum™ 640, this absolutely state of the art technology is ideal for surveillance and security applications, hazmat and agri-business operations, and aerial unmanned platforms.

Major Key Points from Table of Content:

Chapter 4.   Thermal Imaging Market, By Product (Revenue, Shipment)

4.1.  Key trends by product

4.2.  Handheld/portable camera

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013-2024

4.3.  Fixed/mounted cores

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, by region, 2013-2024

4.4.  Scopes & vision goggles

4.4.1. Market estimates and forecast, 2013-2024

4.4.2. Market estimates and forecast, by region, 2013-2024

Chapter 5.   Thermal Imaging Market, By Technology (Revenue, Shipment)

5.1.  Key trends by technology

5.2.  Cooled

5.2.1. Market estimates and forecast, 2013-2024

5.2.2. Market estimates and forecast, by region, 2013-2024

5.2.3. Market estimates and forecast, by end-use, 2013-2024

5.3.  Uncooled

5.3.1. Market estimates and forecast, 2013-2024

5.3.2. Market estimates and forecast, by region, 2013-2024

5.3.3. Market estimates and forecast, by end-use, 2013-2024

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