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The Europe Thermal Imaging market Size would grow at a market growth rate of 5.5% CAGR during the forecast period.
Thermal imaging is a technique that is widely used to improve the visibility and enhance clarity of objects even in dark environmental conditions with the help of infrared light. The gradual decrease of cost for thermal cameras has been a major driving factor for the market. Additionally, deployment of thermal cameras in devices such as CCTV cameras, and smart phones among others also contribute to the fast growing industry.
The market for thermal imaging is largely driven due to surging demand for thermal cameras in smartphones and their declining prices. Nevertheless, alternate competing technologies would be a restraining factor for the market growth. Despite superior benefits of thermal imaging products, manufacturing highly accurate cameras has always been a major challenge. The report highlights the adoption of Personal Identity Management. Based on the component type, the Thermal Imaging market is segmented into Hardware, Software and Services.
Based on service Type, the market is segmented into Professional, and Managed Services. The market is segmented into Military & Defence and Industrial, Commercial, & Residential bases upon the End User type. The Applications highlighted in this report include Surveillance, Threat Detection, Predictive Maintenance, Radiology, Commercial & Residential Security, R&D and Surveys, Fire fighting, Automotive and Others. The surveillance application is further segmented across Airborne Systems, Maritime Systems and Land Systems.
Based on Country, Europe Thermal Imaging market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant Country in the Europe Thermal Imaging market in 2015. Russia would witness highest CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Thermal Imaging market. Key companies profiled in the report include Honeywell International, Inc., BAE Systems, Flir Systems, Inc., Danaher Corporation, L-3 Communications Holdings, Inc., Axis Communications AB, Raytheon Company and Thermoteknix Systems Ltd.