Global thermal imaging market to reach $7.66 billion by 2031 with a 7.7% CAGR

From GlobeNewswire: 2025-03-20 09:29:00

A new report from The Insight Partners reveals the global thermal imaging market is growing due to increased military spending and healthcare use. Valued at $4.54 billion in 2024, the market is projected to reach $7.66 billion by 2031 with a 7.7% CAGR. Thermal imaging detects heat emissions and is used in various industries.

Global military spending surged in 2024, prompting governments to allocate funds for advanced technologies like thermal imaging. Australia, New Zealand, and the US have increased defense budgets. The integration of artificial intelligence can enhance thermal and acoustic imaging systems, improving accuracy and efficiency.

The thermal imaging market is segmented by product type, technology, application, type, and end-user industry. North America led in 2024, with Asia Pacific expected to grow the most. Major players include Teledyne, FLIR, and Testo. Customize research to suit specific needs and stay updated on market trends. The global thermal imaging market is witnessing growth with companies like FLUKE Corporation, UNI-TREND TECHNOLOGY, and Hangzhou Microimage Software adopting new strategies. Recent developments include Teledyne FLIR and VSI Labs testing thermal imaging for vehicle safety and Leonardo DRS receiving a $19 million U.S. Army contract. The market faces supply chain disruptions but offers growth opportunities in AI integration and electric vehicles. The Insight Partners report provides valuable insights for stakeholders in navigating this evolving market landscape.



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