Thermal Imaging Market 4 Snapshot (202432031) The global thermal imaging market projected from US$ 4.54B (2024) to US$ 7.66B by 2031 at a 7.7% CAGR. Report code: TIPTE100000348 · Report date: Mar 2025 · 235 pages.
Market Drivers & Trends Defense Spending
Healthcare Adoption
EV & Miniaturization
Rising military
Noninvasive medical
EV market expansion and
expenditure fuels
imaging and temperature
miniaturization of
demand for thermal
screening expand use
electronics drive new
solutions.
cases.
trends.
Technology & Cooling Landscape Immersion vs Air Cooling Single-phase immersion can offer ~1,000x better heat transfer than air; two-phase systems can reach ~10,000x via latent heat but add complexity and fluid-safety concerns.
Thermal Camera Tech Cooled and uncooled technologies coexist; the cooled segment held larger market share in 2024. Get a sample PDF of the report: https://www.theinsightpartners.com/ sample/TIPTE100000348
AI Integration — Opportunity AI and ML boost pattern recognition, anomaly detection, and data processing across defense, healthcare, industrial monitoring, and environmental applications. Vendors (e.g., Hanwha Vision) launched AI-powered radiometric thermal cameras in 2024 to enhance temperature detection and predictive insights.
Segmentation Highlights
‑
Product Type
Application
Type
End Use
Cameras dominated in
LWIR led the market in
Handheld devices held
Industrial was the largest
2024; also: modules,
2024; MWIR and SWIR
larger share than
end user segment in
scopes.
also included.
standstill units in 2024.
2024.
‑
Regional Outlook Asia Pacific held significant share in 2024 driven by industrial and defense adoption (China, India). Innovations (e.g., Meridian's CMOS thermal solutions) and recent funding (Meridian’s US$12.5M round) accelerate scale and affordability. Regions covered: North America, Asia Pacific, Europe, Middle East & Africa, South & Central America
Market Forecast (Key Figures)
US… 2024 Market Size
US… 7.7% 2031 Forecast
CAGR (2024– 2031)
Recent Developments & News Teledyne FLIR — FMVSS Testing
UNI-TREND Website & Thermal Site
Teledyne FLIR OEM cameras passed VSI Labs
UNI-TREND relaunched corporate and
FMVSS No.127 nighttime pedestrian AEB tests
dedicated thermal imaging sites to showcase
(Dec 2024).
product lines (June 2022).
Players & Competitive Landscape
Other notable companies: Hangzhou Microimage, SDT International, Meridian. Coverage includes company profiles, industry concentration, and heat-map analyses.
Why Buy This Report — Deliverables What’s Included
Use Cases
Market size & forecasts (global, regional, country), trends,
Strategic planning, investment justification, competitive
drivers, restraints, opportunities, PEST & SWOT, company
analysis, and identifying emerging markets.
profiles, and Excel dataset.
Contact & Sample Download free sample or buy now: https://www.theinsightpartners.com/buy/TIPTE100000348 · Sales: US +1-646-491-9876 · UK +44-20-8125-4005 ·
[email protected]
Naveen Chittaragi Associate Vice President, Market Research & Consulting
