Microbolometer Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, UK, Germany - Size and Forecast 2024-2028

Microbolometer Market Size 2024-2028

The microbolometer market size is forecast to increase by USD 362.8 million, at a CAGR of 7.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for advanced fever detection and thermometry solutions. This trend is driven by the rising adoption of thermal imaging technology in various industries, including surveillance systems for smart cities and aerospace and defense. Two primary materials used in microbolometer technology are vanadium Oxide (VOx) and amorphous silicon (a-Si). The demand for compact thermal scanners is also increasing due to their versatility and ease of use. However, excessive export restrictions imposed on thermal imaging products such as thermal imaging camera pose a challenge to market growth. This technology is gaining traction in applications such as border control, healthcare, and industrial automation.

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Microbolometers are a type of thermal sensor that convert infrared radiation into electrical resistance. These sensors play a crucial role in thermal imaging systems, which capture images based on the radiation emitted by objects in their field of view. Microbolometers are widely used in various applications, including thermal cameras, fever detection systems, thermometry, and video surveillance systems. Thermal cameras, which incorporate microbolometers, are essential components of thermal imaging solutions. They detect and visualize infrared light, allowing for temperature imaging and analysis. Cooling technologies are often employed in microbolometer-based thermal cameras to reduce power consumption and improve sensitivity.

Moreover, cooling methods for microbolometers can range from simple refrigeration to exotic techniques such as Stirling engines and thermoelectric cooling. Cooled microbolometers offer higher sensitivity and better image quality compared to uncooled microbolometers. However, they require more complex and expensive cooling systems. Thermal sensors, including microbolometers, are integral to various industries, such as aerospace, defense, and security. In aerospace and defense, microbolometers are used for applications like missile guidance, night vision, and surveillance. In the security sector, they are employed for fever detection, intrusion detection, and perimeter security. Smart cities are increasingly adopting thermal imaging solutions, which rely on microbolometers, for various applications.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Type
  • Vanadium oxide-based microbolometer
  • Amorphous silicon-based microbolometer
• Geography
  • APAC
    • China
    • Japan
  • North America
    • US
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

By Type Insights

The vanadium oxide-based microbolometer segment is estimated to witness significant growth during the forecast period. Microbolometers, a critical component in various applications such as aerospace and defense, are manufactured using materials that exhibit temperature-dependent resistance changes. Among these materials, vanadium oxide (VOx) is widely utilized due to its cost-effective and superior performance characteristics compared to alternatives like amorphous silicon and silicon-germanium. VOx, the primary sensing layer in microbolometers, is valued for its desirable properties. These include high absorption of infrared radiation, a significant temperature coefficient of resistance (TCR), moderate resistivity, and low noise. Additionally, VOx demonstrates excellent process compatibility with complementary metal-oxide-semiconductor (CMOS) technology. In commercial applications, VOx microbolometers are extensively used for security purposes, such as surveillance systems.

Furthermore, the distinct atomic compositions of VOx thin films enable them to function effectively as sensing layers, with TCR values ranging between 2 and 5. By maintaining a professional tone and adhering to the 100-word limit, this paragraph provides a succinct overview of the role of VOx microbolometers in various industries and their advantages over alternative sensing materials.

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The vanadium oxide-based microbolometer segment was valued at USD 456.40 million in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is experiencing significant growth in the Asia Pacific (APAC) region, driven by the expanding utilization of thermal imaging systems in the industrial and aerospace and defense sectors. In the industrial sector, the demand for thermal imaging cameras is escalating due to the rising applications in industries such as chemicals, oil and gas, automotive, and metals and mining. These cameras are employed in businesses for tasks like monitoring liquid levels in tanks, assessing reactor insulation, and providing a comprehensive and precise temperature assessment of electrical and mechanical components. In the aerospace and defense sector, the demand for microbolometers is increasing due to the growing need for surveillance and combat operations in countries like India, China, and others.

Moreover, the advanced thermal imaging capabilities of these devices enable real-time threat identification and the implementation of exotic cooling methods to reduce power consumption, making them indispensable for border security and electronic warfare systems.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

Increasing demand for thermal imaging devices for passenger screening is the key driver of the market. The proliferation of communicable diseases has significantly influenced the airport industry, necessitating stringent security measures at various checkpoints. As travel restrictions ease and air passenger traffic resumes its growth trajectory, airports are under pressure to manage increased traffic flow while maintaining stringent security protocols.

Moreover, in response, the adoption of thermal imaging technology has become a priority for airport authorities. Microbolometers, a critical component of thermal imaging systems, have witnessed substantial demand due to their ability to detect elevated body temperatures, thereby aiding in early disease identification.

Market Trends

Increasing demand for compact thermal scanners is the upcoming trend in the market. Thermal scanning technology, specifically fever detection through thermometry, has gained significant attention in various sectors due to its applicability in fever surveillance systems. companies are prioritizing the miniaturization of these devices, resulting in the production of compact thermal scanners. These portable devices can be integrated into mobile systems, enabling temperature scanning of surrounding equipment and components. The industrial and commercial sectors have shown a growing interest in these mobile applications, particularly in industries such as oil and gas and mining, where remote inspections are crucial. Similarly, electrical inspections in residential areas can benefit from the use of plug-in thermal cameras.

Furthermore, key materials used in the production of these scanners include Vanadium Oxide (VOx) and Amorphous Silicon (a-Si). The aerospace and defense industry and smart city surveillance systems are other significant markets for these thermal scanning technologies.

Market Challenge

Excessive export restrictions imposed on thermal imaging products are a key challenge affecting the market growth. Microbolometers, a type of bolometer, are essential components in thermal cameras used for temperature imaging in various industries, including military and defense. The export regulations for these thermal imaging systems and infrared sensors, such as the International Traffic in Arms Regulations (ITAR) in the US, impose strict controls on their distribution. ITAR categorizes these devices as defense articles, restricting their export to specific countries. Failure to comply with these regulations can result in severe penalties for suppliers, potentially impacting their profitability. For instance, FLIR Systems, a subsidiary of Teledyne Technologies, faced accusations of ITAR and Arms Export Control Act violations for sharing ITAR-controlled defense items with employees from countries under embargo.

Furthermore, thermal scanners and cooling technologies play a crucial role in temperature sensing applications, making them indispensable in numerous industries. Microbolometers, as the primary sensing element in thermal cameras, convert infrared light into electrical resistance, providing temperature information. The importance of these devices in military applications necessitates stringent export regulations, ensuring their secure distribution and use.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

BAE Systems Plc - The company offers microbolometer such as BAE Systems Athena 640 focal plane array.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Excelitas Technologies Corp.
• Fraunhofer IMS
• Hamamatsu Photonics KK
• Honeywell International Inc.
• Leonardo DRS Inc.
• Lynred
• Mikrosens Electronics Inc.
• NEC Corp.
• Opgal Optronic Industries Ltd.
• Polytec GmbH
• RTX Corp.
• Seek Thermal Inc.
• Teledyne Technologies Inc.
• Texas Instruments Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Microbolometers, a type of thermal sensor, have gained significant attention in various industries due to their ability to detect infrared light and convert it into electrical resistance, enabling temperature imaging. These sensors are integral to thermal cameras used in numerous applications, including security, aerospace and defense, and consumer electronics. Cooling technologies are crucial for microbolometers to maintain optimal performance, with cooled microbolometers offering higher thermal sensitivity than uncooled ones. Microbolometers come in different materials such as amorphous silicon (a-Si) and vanadium oxide (Vox). They find extensive use in various sectors like thermography, aviation, protection, and gas detection, among others.

Furthermore, in the realm of security, microbolometers are employed in fever detection, thermometry, and surveillance systems. Industrial thermography uses microbolometers for non-destructive testing and process optimization. Moreover, microbolometers play a pivotal role in automobile safety systems, integrated sensor arrays, and MEMS-based microbolometers. Military applications include covert surveillance, border security, electronic warfare systems, and thermal imaging capabilities. Real-time thermal imaging and threat identification are essential features of microbolometers, making them indispensable for various industries. Despite their advantages, power consumption and exotic cooling methods remain challenges in microbolometer technology.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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