|By Business Wire||
|August 11, 2014 07:10 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/rk32ns/thermal_imaging) has announced the addition of the "Thermal Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
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.
Thermal imaging devices find widespread applications in surveillance and security, maintenance and monitoring, traffic monitoring, automobiles, healthcare, research and development and others (firefighting and personal vision).
The market is sub-segmented on basis of applications, end-users and geography. Among the applications segments, the surveillance and security segment dominated the thermal imaging market in 2012. This was due to increased investments on modernization the armed forces by countries such as China, Japan and India and others. Among the end user segments, commercial and industrial sectors are the fastest growing segments with collective revenue share of 49.6% in 2012. This growth is attributed by the rising adoption of thermal imaging devices in these sectors due to their decreasing cost.
Geographically, North America dominated the global thermal imaging market in 2012 followed by Europe. North America is anticipated to retain its dominance throughout the forecast period owing to the growing usage of thermal imaging devices for law enforcement activities and for commercial security. However, confronts such as decreased spending on defense by countries such as the U.S. and Canada is hindering the market growth.
Market Segmentation of Global Thermal Imaging Market:
Thermal Imaging Market, by Applications:
- Surveillance and security
- Maintenance and monitoring
- Traffic monitoring
- Research and development
- Others (firefighting and personal vision)
Thermal Imaging Market, by End-users:
- Defense and military sector
- Industrial sector
- Commercial sector
- Residential sector
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Thermal Imaging Market Analysis, by Applications
Chapter 5 Global Thermal Imaging Market, by End-users
Chapter 6 Global Thermal Imaging Market, by Geography
Chapter 7 Company Profiles
- Axis Communications AB
- BAE Systems Inc.
- DRS Technologies Inc.
- Danaher Corporation
- FLIR Systems Inc. (FLIR)
- L-3 Communications Holdings, Inc.
- Raytheon Company
For more information visit http://www.researchandmarkets.com/research/rk32ns/thermal_imaging
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