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Global Infrared Thermography Market 2016-2020

  • Published: Jun 2016
  • Pages: 60
  • SKU: IRTNTR9251
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This market research report presents a detailed segmentation of the global infrared (IR) thermography market by application (commercial and industrial applications and defense systems) and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are ATN, BAE Systems, DRS Technologies, EO Tech, Honeywell, FLIR, Fluke, Jenoptik, L-3 Communications, Nippon Avionics, Rockwell Collins, Raytheon, Sofradir, Seek Thermal, Testo, Theroteknix, and Ulir Vision.

Overview of the global infrared (IR) thermography market

Technavio’s market research analyst predicts that the global infrared (IR) thermography market will grow at a rapid CAGR of over 10% during the forecast period. One of the primary drivers for this market is the introduction of government initiatives that support the construction of energy-efficient houses. The US Department of Energy launched a Weatherization Assistance Program in 1976, which provided grants to states, territories, and tribes so that they could help in the development of energy-efficient homes for low-income families. IR thermography is used to run diagnostics on buildings to find out insulation levels of air and duct seals, floors, walls, ceilings, and wires. Since these devices help to identify problems related to insulation and makes buildings energy-efficient, its demand among the end users will increase significantly over the next four years.

In this industry report, the analysts estimate that among the different trends, the growing demand for thermography software will have a significant impact on market growth during the forecast period. The increased use of infrared thermography in commercial and industrial applications will augment the demand for infrared thermography software. Initially, this software was used in building diagnostics and industrial applications for a wide array of functions. These programs work with stationary as well as portable thermography devices; thus, allowing users to control the camera and acquire the required data. The ability of this software to automate the work process will lead to its increased adoption during the forecast period.

Segmentation by application and analysis of the IR thermography market

  • Commercial and industrial applications
  • Defense systems

The commercial and industrial applications segment is the largest in the IR thermography market as it will generate revenues of close to USD 3 billion by the end of the forecast period. Increased adoption of IR thermography for use in applications like building and preventive maintenance, maritime, firefighting, and intelligence transportation systems will have a positive impact on market growth during the forecast period.

Geographical segmentation of the IR thermography market

  • Americas
  • APAC
  • EMEA

The Americas was the market leader for the IR thermography during 2015 with a market share of approximately 56%. In this region, the US will be the biggest contributor in terms of revenue due to increased adoption of IR thermal cameras in military and other applications like home weatherization. 

Competitive landscape and key vendors

The global infrared thermography market is highly competitive with market growth fuelled by technological advances. Many of the firms in this market are selling products based on USP like emissivity adjustable range, thermal sensitivity, accuracy, and so on. To develop capabilities in a product, companies have to focus on the implementation of IR detectors, IR camera lenses, and calibration systems. Some firms are also developing in-house capabilities so that they become less dependent on vendors and gain a competitive edge over their peers.

Key vendors in the market are -

  • ATN
  • BAE
  • DRS Technologies
  • EO Tech
  • Honeywell
  • FLIR
  • Fluke
  • Jenoptik
  • L-3 Communications
  • Nippon Avionics
  • Rockwell Collins
  • Raytheon
  • Sofradir
  • Seek Thermal
  • Testo
  • Theroteknix
  • Ulir Vision

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global IR thermography market?
  • What are the key market trends influencing the growth of the global IR thermography market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global IR thermography market?
  • What are the market opportunities and threats faced by the vendors in the global IR thermography market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global IR thermography market?

Technavio also offers customization on reports based on specific client requirement.

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Base year
  • Market coverage

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Types of IR detector
  • Advantages of IR thermography in commercial and industrial applications

PART 05: Technology landscape

  • IR thermography detection mechanism

PART 06: Market landscape

  • Market overview
  • Market size and forecast by revenue
  • Market size and forecast by volume
  • ASP of IR thermography
  • Five forces analysis

PART 07: Market segmentation by application

  • Market overview
  • Commercial and industrial applications
  • IR thermography for defense systems
  • PART 08: Geographical segmentation
  • IR thermography market in Americas
  • IR thermography market in EMEA
  • IR thermography market in APAC

PART 09: Market drivers

  • Development of crystal growth techniques
  • Improvement in topologies for photon absorption
  • Evolution of IR FPAs
  • Advances in camera module technologies
  • Increase in government initiatives

PART 10: Impact of drivers

PART 11: Market challenges

  • High cost to company
  • Lack of awareness about product and technology
  • Limitation in device capabilities

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Growing market for small SWaPC
  • Continuous investment in military upgradation
  • Growing demand for thermography software
  • Vertical integration in supply chain
  • IR thermography for social cause

PART 14: Vendor landscape

  • Competitive landscape

PART 15: Vendor analysis

  • ATN
  • BAE Systems
  • DRS Technologies
  • EOTech
  • Honeywell
  • FLIR
  • Fluke
  • Jenoptik
  • L-3 Communications
  • Nippon Avionics
  • Rockwell Collins
  • Raytheon
  • Sofradir
  • Seek Thermal
  • Testo
  • Thermoteknix
  • Ulir Vision

PART 16: Summary of key figures

PART 17: Appendix

  • List of abbreviation

PART 18: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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