Europe Thermal Imaging Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 12.34 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Thermal Imaging Systems Market Analysis
Europe's thermal imaging systems market is projected to record a CAGR of 12.34% during the forecast period. The market is expected to grow steadily due to increased thermal camera usage across various industries, including aerospace and defense, automotive, healthcare and life sciences, oil and gas, and food and beverages.
- Europe is one of the most technologically advanced regions in the world. Its major military spenders are France, the United Kingdom, and Italy.
- Many nations in this region were members of the NATO forces that fought in Afghanistan and Iraq. Thermal imaging and other technological breakthroughs were widely employed and are still used in challenging terrains like Afghanistan.
- Due to technological improvements, companies have also downsized IR and thermal imaging sensors, making them very efficient and enhancing their simplicity of use. Handheld infrared and thermal imaging systems are gaining popularity due to their mobility. They are finding uses in various industries, including hospitals, where they may save maintenance times and heating costs.
- Increased demand for IR cameras is driven by the expanding need for surveillance across many verticals, constantly declining thermal camera costs, and the rapid development of high-speed infrared cameras.
- Inaccurate measurements and picture color difficulties linked with the cameras are posing a challenge to industry expansion. Military and defense and automobiles are two businesses that significantly rely on IR cameras.
Europe Thermal Imaging Systems Market Trends
This section covers the major market trends shaping the Europe Thermal Imaging Systems Market according to our research experts:
Military and Defense Sector is Expected to Drive the Market
- The military and defense industries were among the first to use infrared and thermal imaging devices. With the defense sector's increased investment in surveillance, the use of infrared and thermal imaging equipment is projected to grow.
- Governments all across Europe are investing in next-generation technology by giving better and more accurate information to military troops. The use of IR thermography equipment in the military industry has grown, influencing the rise of infrared cameras, particularly short-wavelength IR cameras.
- The region has a significant trend of increasing crime and violence. As a result, the homeland security forces' budgets have increased to purchase advanced protection systems and devices. With an expanding number of non-lethal and deadly weapons, modern combat has grown increasingly asymmetric.
- Global armies are modernizing their military arsenal and getting soldiers equipped with the latest combat and surveillance technology to cope with diversely asymmetric, multi-dimensional, and highly lethal battlefield imperatives. Motion detection is one of the essential element of Automatic Target Recognition (ATR) and perimeter monitoring systems. Thermal imaging has become an integral part of these systems because of its ability to operate in all weather conditions.
- The primary application of handheld thermal imaging is increasing in the defense and security sector. The US Army is aiming to provide thousands of new goggles to its soldiers engaged in combat missions. According to the Defense Visual Information Distribution Service (DVIDS), the new goggles will help enhance infantry troops' situational awareness.
Thermal Imaging is Being More Widely Used in Vehicles
- Vehicle manufacturers have discovered the benefits of thermal imaging for enhancing driver vision. The automotive night-vision systems enable drivers to detect and monitor potential hazards on or near the road, allowing more time to react to danger.
- With ADAS being the most significant factor of autonomous cars, microbolometer IR cameras for night vision systems in automobiles are expected to be increasingly incorporated. Camera manufacturers have begun introducing new models that feature the seamless integration of a second visible light camera.
- The automobile industry is now gaining traction with high-tech autonomous cars, also known as Advanced Driver-Assistance Systems (ADAS) or driverless vehicles. Multiple sensors, including thermal cameras, radio detection and ranging (RADAR), light detection and ranging (LIDAR) sensors, and proximity sensors, substitute drivers in these cars, providing automated driving, navigation, and better situational awareness.
- Further, thermal imaging cameras are integrated into driverless cars to increase night vision and identify people or animals in foggy, crowded areas, and foggy situations, instantly stopping the vehicle from avoiding any casualties.
- Thermal imaging cameras are used in the automobile industry to allow drivers to see in harsh lighting and weather situations to avoid accidents and assure safety. Automotive manufacturers and thermal imaging solution suppliers are working together to develop innovative thermal solutions for the automotive industry.
- Thermal imaging technology is also utilized for non-destructive inspection of automotive parts and micro-components to assure vehicle safety while saving time and money. ImageIR 9400 hp, ImageIR 10300, and VarioCAM HD examine 900 thermal imaging cameras, for example, are specifically built for automotive applications by InfraTec GmbH (Germany).
Europe Thermal Imaging Systems Industry Overview
Europe's thermal imaging systems market is partially fragmented and consists of several major players. Some major players, like FLIR, Bae Systems, Elbit Systems Ltd, Raytheon Co., and L-3 Communications, are already present in the thermal imaging systems market. However, many companies are increasing their market presence with innovative solutions by securing new contracts and tapping new markets.
- December 2022 - Teledyne FLIR collaborated with RealWear to launch thermal imaging to wearable design equipment using a voice-controlled, fully hands-free thermal camera module for the first time.
Europe Thermal Imaging Systems Market Leaders
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Flir Systems, Inc.
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BAE Systems plc
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Elbit Systems Ltd.
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Raytheon Company
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Lockheed Martin Corporation
*Disclaimer: Major Players sorted in no particular order
Europe Thermal Imaging Systems Market News
- September 2022 - Lynred, a developer of infrared detectors, collaborated with Umicore, a 'circular materials technology company,' for the co-development of the novel thermal sensing technology. The company aims to significantly improve the performance of Pedestrian Autonomous Emergency Braking (PAEB) systems in adverse lighting conditions at an affordable cost.
- January 2022 - Teledyne FLIR launched an online developer support tools for Lepton thermal camera module integration. Working with developers, Teledyne FLIR created a new set of extensive online support tools to enable the next generation of designers, developers, and engineers to create new devices and applications using the Lepton.
Europe Thermal Imaging Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Value Chain/Supply Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of COVID-19 Impact on the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Thermal Imaging is Becoming Increasingly Used in a Variety of Applications
5.1.2 Technological Upgradation in Thermal Imaging Systems
5.2 Market Challenges
5.2.1 Lack of Regular Support and Services
6. MARKET SEGMENTATION
6.1 By Solutions
6.1.1 Hardware
6.1.2 Software
6.1.3 Services
6.2 By Product Type
6.2.1 Fixed Thermal Cameras
6.2.2 Handheld Thermal Cameras
6.3 By Application
6.3.1 Security and Surveillance
6.3.2 Monitoring and Inspection
6.3.3 Detection and Measurement
6.4 By End User
6.4.1 Aerospace and Defense
6.4.2 Automotive
6.4.3 Healthcare and Life Sciences
6.4.4 Oil and Gas
6.4.5 Food and Beverages
6.4.6 Other End Users
6.5 By Country
6.5.1 United Kingdom
6.5.2 Germany
6.5.3 France
6.5.4 Rest of Europe
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Flir Systems Inc.
7.1.2 L-3 Communications Holdings
7.1.3 Lockheed Martin
7.1.4 BAE Systems PLC
7.1.5 DRS Technologies Inc.
7.1.6 Elbit Systems Ltd
7.1.7 Raytheon Co.
7.1.8 Sofradir Group
7.1.9 Thermoteknix Systems Ltd
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Europe Thermal Imaging Systems Industry Segmentation
Thermal imaging is a process of converting infrared (IR) radiation (heat) into visible images that depict the spatial distribution of temperature differences in a scene viewed by a thermal camera. Thermal imaging enables the user to improve the visibility of objects in a dark environment by detecting the objects' infrared radiation and creating an image based on that information.
The European thermal imaging systems market is segmented by solutions (hardware, software, services), product type (fixed thermal cameras, handheld thermal cameras), applications (security and surveillance, monitoring and inspection, detection and measurement), end-users (aerospace and defence, automotive, healthcare and life sciences, oil and gas, food and beverages), and country.
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Solutions | |
| Hardware | |
| Software | |
| Services |
| By Product Type | |
| Fixed Thermal Cameras | |
| Handheld Thermal Cameras |
| By Application | |
| Security and Surveillance | |
| Monitoring and Inspection | |
| Detection and Measurement |
| By End User | |
| Aerospace and Defense | |
| Automotive | |
| Healthcare and Life Sciences | |
| Oil and Gas | |
| Food and Beverages | |
| Other End Users |
| By Country | |
| United Kingdom | |
| Germany | |
| France | |
| Rest of Europe |
Europe Thermal Imaging Systems Market Research FAQs
What is the current Europe Thermal Imaging Systems Market size?
The Europe Thermal Imaging Systems Market is projected to register a CAGR of 12.34% during the forecast period (2024-2029)
Who are the key players in Europe Thermal Imaging Systems Market?
Flir Systems, Inc., BAE Systems plc, Elbit Systems Ltd., Raytheon Company and Lockheed Martin Corporation are the major companies operating in the Europe Thermal Imaging Systems Market.
What years does this Europe Thermal Imaging Systems Market cover?
The report covers the Europe Thermal Imaging Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Thermal Imaging Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Thermal Imaging Systems Industry Report
Statistics for the 2024 Europe Thermal Imaging Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Thermal Imaging Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
