Thermal imaging market is expected to grow at 9.1% CAGR from 2014 to 2020
“Global thermal imaging market is poised to reach USD 6.50 billion by 2020. In addition to increasing demand in industrial and commercial sectors, thermal imaging devices are also used across several security and surveillance applications�
Global thermal imaging market is poised to reach USD 6.50 billion by 2020. Increasing demand for low-cost devices owing to its widespread applications. Commercialized thermal imagers resulting from the development of microbolometers expected to augment the growth of the market over the forecast period. In addition to increasing demand in industrial and commercial sectors, thermal imaging devices are also used across several security and surveillance applications. Moreover, increasing adoption of integrated solutions across commercial applications would further fuel the growth of the industry. Furthermore, the use of thermal imaging in highresolution camera and smartphone is expected to bolster further the growth of the industry.
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