(Military & Defense, Commercial, Residential, Industrial) And Segment Forecasts To 202
Online — The GrandviewResearch.com new report says: “The global thermal imaging market has witnessed significant demand owing to increasing adoption of related devices across a diverse range of applications.
“Rising penetration of these devices across the commercial and industrial sector is expected to impact the market favorably. The market has undergone a shift towards commercial applications such as surveillance & security, thermography and transportation systems.”
It continues: “High investment, availability of cost effective thermal cameras due to mass production, and a range of diverse applications integrating thermal imaging technology are expected to be the key market drivers. The global thermal imaging market was valued at USD 3,250 million in 2012.
“Development of the microbolometer, a detector based on micro-electromechanical (MEMS) technology has led to increasing commercialization of thermal imagers, which in turn has spurred thermal imaging market growth.
“Growing horizontal adoption, low environmental impact and availability of low cost solutions are further expected to positively impact market growth. Increased adoption of integrated solutions for closed circuit television cameras, smartphones and automotive applications has enabled thermal imaging to be leveraged within these areas, and have significantly driven demand for thermal imaging devices.
“Decline in military and defense budget by countries such as Canada, U.S., France and Italy may pose a challenge to the thermal imaging market. Emergence of integrated solutions and surging demand across commercial applications provide growth opportunities for the thermal imaging market.”
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