Global Uncooled Thermal Imaging Market Analysis and Forecast (2013 – 2018)

IndustryARC
Global Uncooled Thermal Imaging Market Analysis and
Forecast (2013 – 2018)
IndustryARC | 1

TABLE OF CONTENTS
1. Global Uncooled Thermal Imaging Market Overview
2. Executive Summary
3. Global Uncooled Thermal Imaging Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End user profiling
3.2.3. Patent Analysis
3.2.4. Top 5 Financials Analysis
4. Global Uncooled Thermal Imaging Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Uncooled Thermal Imaging Industry
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Global Uncooled Thermal Imaging Market – Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
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5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
6. Global Uncooled Thermal Imaging Market by Spectrum Ranges
6.1. Introduction
6.2. Short Wave IR (SWIR)
6.3. Mid Wave IR (MWIR)
6.4. Long Wave (LWIR)
6.5. Far Wave (FWIR)
7. Global Uncooled Thermal Imaging Market by Industry Verticals
7.1. Introduction
7.2. Industrial
7.3. Commercial
7.4. Medical
7.5. Security & Surveillance
7.6. Automotive
7.7. Test & Measurement
7.8. Defense
7.9. Maritime
7.10. Research & Development
7.11. Others
8. Global Uncooled Thermal Imaging Market by Applications
8.1. Building Diagnostics
8.1.1. Energy Audits
8.1.2. Structural Check
8.1.3. Moisture Detection
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8.2. Non-Destructive Testing
8.3. Meteorology
8.4. Predictive Maintenance
8.5. Process Safety
8.6. Machine Vision
8.7. Medical Testing
8.8. Night Vision Cameras
8.9. Firefighting
8.10. Military
8.10.1. Target Detection
8.10.2. Surveillance Counter-measures
8.10.3. Search and Rescue
8.10.4. Condition Monitoring
8.10.5. Visitor Profiling and Contraband Checking
8.10.6. Border Patrolling
8.10.7. Thermal Others
8.11. Optical Gas Imaging
8.12. Medical Testing
8.13. Automotive Night Vision Systems
8.14. Mapping and Surveying
9. Global Uncooled Thermal Imaging Geographic Analysis
9.1. Introduction
9.2. Americas
9.2.1. North America
9.2.2. Brazil
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9.2.3. Argentina
9.2.4. Mexico
9.3. Europe
9.3.1. UK
9.3.2. France
9.3.3. Germany
9.3.4. Italy
9.4. Asia Pacific
9.4.1. China
9.4.2. South Korea
9.4.3. Japan
9.4.4. Australia
9.5. Middle East
9.6. Africa
10. Market Entropy
10.1. New Product Launches
10.2. M&As, Collaborations, JVs and Partnerships
11. Investment Opportunities – Analysis by Target companies/customers, Capital Investments,
ROI, Payback Period and Source of Funds.
12. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
12.1. Axis communications AB
12.2. General dynamics corporation
12.3. Bosch security systems
12.4. BAE Systems
12.5. E.D. Bullard company
12.6. Current corporation
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12.7. Dali technology
12.8. Danaher Corporation
12.9. DRS Technologies, Inc.
12.10. FLIR systems, Inc.
12.11. Fluke corporation
12.12. Wuhan guide infrared co., ltd.
12.13. Infrared integrated systems ltd (Irisys)
12.14. L-3 communications holdings, Inc.
12.15. NecAvio infrared technologies
12.16. Pelco
12.17. Qioptiq ltd.
12.18. Raytheon company
12.19. Safran S.A.
12.20. Sofradir
12.21. Samsung Techwin
12.22. Guangzhou sat infrared technology co., ltd
12.23. Teledyne Dalsa Inc
12.24. Testo AG
12.25. Thermoteknix Systems
12.26. ULIR vision
12.27. ULIS
12.28. Vigo systems S.A.
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13. Appendix
13.1. Abbreviations
13.2. Sources
13.3. Research Methodology
13.4. Bibliography
13.5. Compilation of Expert Insights
13.6. Disclaimer
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LIST OF TABLES
Table 1 Uncooled Thermal Imaging Market, List of Companies Covered
Table 2 Global Uncooled Thermal Imaging Market Competitive Share Analysis, 2013 (%)
Table 3 Global Short Wave IR Market Competitive Share Analysis, 2013 (%)
Table 4 Global Mid Wave IR Competitive Share Analysis, 2013 (%)
Table 5 Global Long Wave Market Competitive Share Analysis, 2013 (%)
Table 6 Global Far Wave Market Competitive Share Analysis, 2013 (%)
Table 7 Top 5 Financials Analysis, 2011 – 2013
Table 8 Global Uncooled Thermal Imaging Market Revenue, 2012 – 2018 ($M)
Table 9 Global Uncooled Thermal Imaging Market Volume, 2012 – 2018 (Million Units)
Table 10 Global Uncooled Thermal Imaging Market Revenue, By Product Type, 2012 – 2018
($M)
Table 11 Global Uncooled Thermal Imaging Market Volume, By Product Type, 2012 – 2018
(Million Units)
Table 12 Global Uncooled Thermal Imaging Market, Pricing Analysis of Product Types, 2012 –
2018 ($)
Table 13 Average Selling Price Analysis, Short Wave IR, 2012 – 2018 ($)
Table 14 Average Selling Price Analysis, Mid Wave IR, 2012 – 2018 ($)
Table 15 Average Selling Price Analysis, Long Wave IR, 2012 – 2018 ($)
Table 16 Average Selling Price Analysis, Far Wave, 2012 – 2018 ($)
Table 17 Global Short Wave IR Market Volumes, 2012 – 2018 (Million Units)
Table 18 Global Short Wave IR Market Revenue, 2012 – 2018 ($bn)
Table 19 Global Mid Wave IR Market Volumes, 2012 – 2018 (Million Units)
Table 20 Global Mid Wave IR Market Revenue, 2012 – 2018 ($bn)
Table 21 Global Long Wave IR Market Volumes, 2012 – 2018 (Million Units)
Table 22 Global Long Wave IR Market Revenue, 2012 – 2018 ($bn)
Table 23 Global Far Wave IR Market Volumes, 2012 – 2018 (Million Units)
Table 24 Global Far Wave IR Market Revenue, 2012 – 2018 ($bn)
Table 25 Global Uncooled Thermal Imaging Market Unit Shipments, By End Use Verticals,
2012 – 2018 (Million Units)
Table 26 Global Uncooled Thermal Imaging Market Revenue, By End Use Verticals, 2012 –
2018 ($M)
Table 27 Industrial, Uncooled Thermal Imaging Market Revenue, 2012 – 2018 ($M)
Table 28 Industrial, Uncooled Thermal Imaging Unit Shipments, 2012 – 2018 (Million Units)
Table 29 Commercial Industry, Uncooled Thermal Imaging Market Revenue, 2012 – 2018 ($M)
Table 30 Commercial Industry, Uncooled Thermal Imaging Unit Shipments, 2012 – 2018
(Million Units)
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Table 31 Medical Industry, Uncooled Thermal Imaging Market Revenue, 2012 – 2018 ($M)
Table 32 Medical Industry, Uncooled Thermal Imaging Unit Shipments, 2012 – 2018 (Million
Units)
Table 33 Automotive Industry, Uncooled Thermal Imaging Market Revenue, 2012 – 2018 ($M)
Table 34 Automotive Industry, Uncooled Thermal Imaging Unit Shipments, 2012 – 2018
(Million Units)
Table 35 Test & Measurement Industry, Uncooled Thermal Imaging Market Revenue, 2012 –
2018 ($M)
Table 36 Test & Measurement Industry, Uncooled Thermal Imaging Unit Shipments, 2012 –
2018 (Million Units)
Table 37 Defense Industry, Uncooled Thermal Imaging Market Revenue, 2012 – 2018 ($M)
Table 38 Defense Industry, Uncooled Thermal Imaging Unit Shipments, 2012 – 2018 (Million
Units)
Table 39 Research & Development Industry, Uncooled Thermal Imaging Market Revenue,
2012 – 2018 ($M)
Table 40 Research & Development Industry, Uncooled Thermal Imaging Unit Shipments, 2012
– 2018 (Million Units)
Table 41 Defense Industry, Uncooled Thermal Imaging Market Revenue, 2012 – 2018 ($M)
Table 42 Defense Industry, Uncooled Thermal Imaging Unit Shipments, 2012 – 2018 (Million
Units)
Table 43 Maritime Industry, Uncooled Thermal Imaging Market Revenue, 2012 – 2018 ($M)
Table 44 Maritime Industry, Uncooled Thermal Imaging Unit Shipments, 2012 – 2018 (Million
Units)
Table 45 Security & Surveillance Industry, Uncooled Thermal Imaging Market Revenue, 2012 –
2018 ($M)
Table 46 Security & Surveillance Industry, Uncooled Thermal Imaging Unit Shipments, 2012 –
2018 (Million Units)
Table 47 North America Uncooled Thermal Imaging Market Revenue, 2012 – 2018($M)
Table 48 South America Uncooled Thermal Imaging Market Revenue, 2012 – 2018($M)
Table 49 Europe Uncooled Thermal Imaging Market Revenue, 2012 – 2018($M)
Table 50 Asia Pacific Uncooled Thermal Imaging Market Revenue, 2012 – 2018($M)
Table 51 Middle East and Africa Uncooled Thermal Imaging Market Revenue, 2012 –
2018($M)
Table 52 Recent Product Developments, Uncooled Thermal Imaging Industry
Table 53 M&A, JV, Agreements, Uncooled Thermal Imaging Industry
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LIST OF FIGURES
Figure 1 Segmentation of Uncooled Thermal Imaging Market by Product Type
Figure 2 Segmentation of Uncooled Thermal Imaging Market by End Use Verticals
Figure 3 Uncooled Thermal Imaging Market, List of Companies Covered
Figure 4 Global Uncooled Thermal Imaging Market Competitive Share Analysis, 2013 (%)
Figure 5 Global Short Wave IR Market Competitive Share Analysis, 2013 (%)
Figure 6 Global Mid Wave IR Market Competitive Share Analysis, 2013 (%)
Figure 7 Global Long Wave Market Competitive Share Analysis, 2013 (%)
Figure 8 Global Far Wave IR Market Competitive Share Analysis, 2013 (%)
Figure 10 Global Uncooled Thermal Imaging Market Revenue, 2012 - 2018 ($bn)
Figure 11 Average Selling Price Analysis of Uncooled Thermal Imaging ($), 2012 – 2018
Figure 12 Global Uncooled Thermal Imaging Market Revenue, Demand Analysis By Type,
2013 (%)
Figure 13 Global Uncooled Thermal Imaging Market Revenue, Demand Analysis By Type,
2012 – 2018($M)
Figure 14 Global Uncooled Thermal Imaging Market Revenue, Demand Analysis By End Use
Application, 2012 – 2018($M)
Figure 15 Global Uncooled Thermal Imaging Market Revenue, Demand Analysis By
Geographic Region, 2012 – 2018($M)
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1. GLOBAL UNCOOLED THERMAL IMAGING – MARKET
OVERVIEW
1.1. SCOPE
The global uncooled thermal imaging devices market has been segmented into different
spectrum ranges like Short wave, mid-wave, long wave and far wave. It also segmented by
industry verticals and key geographic regions like Americas, Europe and Asia-pacific. Cost
analysis, pricing analysis and the overall competitive landscape of key players are analyzed in
great detail in the report. The market has also been analyzed by market verticals such as
industrial automation, military, building diagnostics, automotive and others.
This report on the Global Uncooled Thermal Imaging Market identifies many strategic insights
and M&A opportunities, besides providing a detailed analysis of the Uncooled Thermal Imaging
components and equipment market.
The overall market is also presented from the perspective of different geographic regions and the
key countries for this industry. Competitive landscape for each of the product types is
highlighted and market players are profiled with attributes of company overview, financial
overview, business strategies, product portfolio and recent developments. Market shares of the
key players for 2013 are provided. The prominent players profiled in this report are FLIR, ULIS,
ULIR Vision, Bullard, Raytheon, Axis Communications, Fluke Corp and others The report
contains the most detailed and in-depth segmentation of the global uncooled thermal imaging
market.
1.2. STAKEHOLDERS
The following are the key stakeholders in the uncooled thermal imaging devices market.
Sensor Manufacturers
Thermal Camera OEMs
Contract manufacturer
Service providers
Distributors
Component suppliers
System integrators
Device Maintenance companies
IT and Automation Software Providers
Engineering and Designing companies
Project Testing and Commissioning Companies
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2. EXECUTIVE SUMMARY
An Infrared imager is a device which captures images using infrared light rather than visible light.
Uncooled Thermal Imaging devices generally use a sensor at ambient or near ambient
temperatures which produce quantitative parameters based on 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 proper operation of the semiconductor materials used in the product. Compared
to normal cooled IR Imaging devices, these Uncooled Thermal detectors are relatively low cost
and portable. Mid wave and Long wave IR have larger market compared to the other segments
in this market according to IndustryARC. 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
near to the source. Hence the higher market share for mid and long wave thermal imaging
cameras.
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. Overall unit shipments of uncooled
thermal cameras are also expected to cross the 1 million shipments market by 2017-2018. The
overall IR imaging market on the other hand is around $4.9bn in 2013 and is expected to grow at
7% during the period of 2013 – 2018.
SAMPLE TABLE: Global Uncooled Thermal Imaging Market Demand
Analysis by Type (2013-2018) ($bn)
Type 2012 2013 2014 2015 2016 2018 CAGR (%)
2013-2018
Short Wave IR xx xx xx xx xx xx xx
Medium Wave IR xx xx xx xx xx xx xx
Long Wave IR xx xx xx xx xx xx xx
Far Wave IR xx xx xx xx xx xx xx
Total xx 2.15 xx xx xx 3.25 8.6%
Source: IndustryARC Analysis
The reduction in military spending across geographies has impacted the market, considering that
military applications contribute the majority revenues. However, other applications in test &
measurement, non-destructive testing, building diagnostics and industrial safety are contributing
with higher growth rates. IndustryARC expects the automotive segment to be a significant
market driver specifically in this market as automotive OEMs integrate IR detectors for night
vision systems as they push for advanced driver assistance systems in majority of the passenger
cars.
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SAMPLE FIGURE: Global Uncooled Thermal Imaging Market - Geographic
Analysis for 2013 (%)
North America Europe APAC Middle East Africa
Source: IndustryARC Analysis
The above figure illustrates the major geographic regions based on demand for the uncooled
thermal imaging devices market. North America is the primary consumer of devices globally
followed by Europe and Asia Pacific with minor market share differences. APAC however is
widely estimated to be the next emerging geographic region with demand from defense contracts
by China, India and automotive segment growth due to increasing buying power of consumers.
Major trends in the global uncooled thermal imaging cameras market include increasing
emphasis on the power consumption and weight of the product. Cost as such has been
decreasing consistently due to multiple strategies like contract manufacturing, larger wafer size,
usage of integrated components and improvement in mass production technologies. This is a
favorable market trend and is expected to drive the market penetration into new segments across
the industries.
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4. GLOBAL UNCOOLED THERMAL IMAGING – MARKET
FORCES
4.1. MARKET DRIVERS
4.1.1. Demand from Automation Industry Driving Growth of thermal imaging cameras
The global automation industry, particularly the process automation and industry is growing at
around 6.3% and they are a significant growth driver for the global uncooled thermal imaging
market. Increasing use of automation in different industry verticals like food and beverage,
chemicals, petrochemicals, paper and pulp, packaging drives the need for installation of products
or 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.
SAMPLE FIGURE: GLOBAL PROCESS AUTOMATION AND INSTRUMENTATION
MARKET REVENUE, 2012 - 2018 ($BN)
140
120
100
80
60
40
20
0
2012 2013 2014 2015 2016 2017 2018
Process Automation
Process Instrumentation
Source: IndustryARC Analysis, Expert Interviews, Secondary Sources, Trade Bodies and
Associations
The global process automation market revenue is expected to grow from $87.67 billion in 2013,
to $119.29 billion in 2018, at an estimated CAGR of 6.4% from 2013 to 2018. Also, the process
instrumentation market is expected to grow from $23.67 billion in 2013, to $31.71 billion in
2018, with a CAGR of 6%.The instrumentation market is governed by the major players like
Emerson Electric Co. (U.S.), Yokogawa Electric Corporation, Inc. (Japan) and Endress+Hauser
(Switzerland), among others. The APAC region is expected to rejuvenate the process automation
market owing to the escalated demands from the oil and gas extraction, wastewater treatment,
and pharmaceutical verticals.
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12. APPENDIX
12.1 SOURCES
IndustryARC uses both the primary and secondary sources continuously and in equal measures
during the report production process for an accurate and holistic data analysis.
Company financials, magazines, journals, press releases, paid databases and in-house data
repository are used to calculate the market revenue numbers.
Annual reports, company websites, public databases, and In-house data repository is
used to gather market revenue of companies, market share analysis, market dynamics and
company profiles, SWOT analysis.
Primary sources are used to validate the market findings of IndustryARC analysts and
also to get first-hand information on the market, product, and geographic growth
prospects and also identify key trends.
Infrared Data Association (IrDA), Automation Federation, International Society of
Automation, Advancing safety in Medical Instrumentation, Shanghai Optoelectronics
Trade Association, UK Thermography Association, Law Enforcement Thermographers
Association, National Association of Commercial Building Inspectors &
Thermographers, Association of Medical Imaging Management, MEMS Industry Group
are some of the key secondary sources used in our report research.
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RESEARCH METHODOLOGY
The quantitative and qualitative data collected for the Uncooled Thermal Imaging market report
is from a combination of secondary and primary sources. Research interviews were conducted
with senior executives and/or managers of leading Uncooled Thermal Imaging solution
providers. These Key Opinion Leaders (KOLs) were then provided a questionnaire to gather
quantitative and qualitative inputs on their operations, performance, strategies and views on the
overall market, including key developments and technology trends. Data from interviews is
consolidated, checked for consistency and accuracy, and the final market numbers are again
validated by experts. The global market was split by products, services and geography based on
different factors like primary and secondary sources, understanding of the number of companies
operating in each segment and also KOL insights.
We have used various secondary sources such as directories, articles, white papers, newsletters,
annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and
collect information for extensive technical and commercial study of the Uncooled Thermal
Imaging market.
The key players in the market and its value chain were identified through secondary research and
their market opinions were also gathered in a similar way through telephonic interviews and
questionnaires. We have also studied the annual reports of these top market players. Interviews
with key opinion leaders such as directors, managers, marketing personnel were used extensively
in understanding the need and emergence of Uncooled Thermal Imaging market.
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THE ARC ADVANTAGE
An analytical model lies at the core of our process, ensuring logical consistency
throughout our research. We complement the model with secondary data and
interviews with industry experts to reflect the latest trends. With our final expert
validation, we provide you with only the most accurate and actionable intelligence.
THE ARC PROCESS
Analytical
Method
Base Method
Consolidation
Method
Delphi
Verification
1. Granular
breakdown of
drivers into
factors
2. Validate all
factors in terms
of their present
impact on the
market
3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market
1. Get a topdown
estimate of
the market
2. Follow it up
with a bottom-up
estimate of the
market
3. Check
forconsistency
and new growth
factors that are
relevant over the
next 10 Years
1. Granular
breakdown of
drivers into
factors
2. Validate all
factors in terms
of their present
impact on the
market.
3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market.
1. Verify the
findings of the
model with
experts from
across the value
chain
2. Verify the
findings with
players across
small and large
enterprises
3. Tweak the
model and add
new factors
4. Build the
Analytical Model
4. Build the Base
model
4. Build the
Consolidated
Model
4. Finalize the
ARC Model
ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL
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