Thermal imaging market size to grow at 9.1% CAGR from 2014 to 2020: Grand View Research, Inc

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 high-resolution camera and smartphone is expected to bolster further the growth of the industry. Thermal Imaging application in commercial segment is also poised to experience growth over the next few years. Growth can be attributed to increasing the use of thermal imaging devices across various applications such as surveillance and security, th
http://www.grandviewresearch.com/industry-analysis/thermal-imaging-market