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Global Uncooled Thermal Imaging Market – Geographic analysis
The global uncooled IR imaging market is slated to grow at 8.6% year on year for the next five years. The market is estimated to reach $3.25bn by 2018.
The scope of growth for the Uncooled Thermal Imaging Market is significantly increasing and the uncooled IR imaging market is slated to grow at 8.6% year on year for the next five years. The market is estimated to reach $3.25bn by 2018. The unit shipments of uncooled thermal cameras are also expected to cross the 1 million shipments mark by 2017-2018. The global IR imaging market on the other hand was around $4.9bn in 2013 and is expected to grow at the rate of around 7% during the period of 2013 – 2018.
A brief foray into the market reveal the incredible ways Uncooled Thermal Imaging devices can work. They generally use a sensor at ambient or near ambient temperatures which produces quantitative parameters that are based on the changes in resistance voltage or current when heated by IR radiation. Cooled IR devices on the other hand use a vacuum sealed case to ensure the proper operation of the semiconductor materials used in the product. Compared to the normal cooled IR Imaging devices these Uncooled Thermal detectors are relatively low cost and portable.
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Mid wave and Long wave IR has captured a larger market from what can be seen of the results when compared to the other segments of the IR. It is predominantly used for thermography military and security surveillance firefighting industrial automation and automotive segments. These industry verticals emit radiations in the mid and long wave IR and measurements also happen quite near the source itself. Hence there is a high demand for mid and long wave thermal imaging cameras which in turn gives them a higher market share.
Several factors have affected the market for the Uncooled Thermal Imaging market. Among this the reduction in military spending across geographies has created a major impact considering that the military applications contribute the majority of the revenues in this field. However other applications in test and measurement non-destructive testing building diagnostics and industrial safety are steadily adding their contributions with higher growth rates.
IndustryARC believes that the automotive segment will be a significant market driver in the near future specifically where the current global market is positioned as the automotive OEMs integrate IR detectors for night vision systems when they push for advanced driver assistance systems in the majority of the passenger cars nowadays. Furthermore the increased use of automation in different industry verticals like food and beverage chemicals petrochemicals paper and pulp packaging and a number of other segments drives the need for installation of products or the hardware which uses thermal imaging cameras on a larger scale. These products are used to identify gas leaks product defects heat differences in food and beverage industry and also for safety applications which makes them significant in the short and long run. The growth rate for the industry appears to be positive and stable with minor risk factors and innovations done to the area continually creates higher opportunities significantly.
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