Industrial and Commercial Applications driving growth of the India Thermal Imaging Market

6Wresearch
September, 2015
Rising government budget and increase in adoption of thermal technology across industrial and
commercial applications have resulted in the growth of Thermal Imaging Market in the country. Further,
growing demand for high resolution cameras across various segments such as Marine and Surveillance as
well as availability of cost effective products have further fuelled the India Thermal Imaging Market.
According to 6Wresearch, India Thermal Imaging market shipments value reached over $23 million during
CY 2Q 2015, registering a growth of around 4% over the previous quarter same year. Key players in the
India Thermal Imaging Market are FLIR Systems, Fluke Corporation, Elbit Systems, Controp Precision
Technologies and Testo AG.

Source: 6Wresearch Half-yearly India Thermal Imaging Market Tracker, CY H1 2015.

Note: Industrial include R&D and Threat Detection Applications.

Introduction of microbolometer detectors in the professional high-resolution thermal imagers have

resulted in the decline of ownership cost of these devices. Additionally, rising consumer demand have
resulted in the introduction of smartphone connectivity enabled Thermal Cameras.

Key Highlights (CY 2Q 2015)

In the Industrial Application segment, Fluke Corporation led the market

Thermal imagers featuring detector resolution of 320 x 240 pixels captured more than 15%
share
More than 18 Vendors shipped Thermal Imagers

Thermal Imagers featuring Wi-Fi accounted approximately 11% of the total market share

According to Pulkit Shrivastava (Analyst, 6Wresearch-India Electronics Division), India Thermal Imaging
market is witnessing decline in prices due to increasing competition and technological advancement such
as evolution of low cost uncooled Infrared Imaging Technology. Additionally, rising applications of Infrared
Imaging Technology across new segments such as Consumer electronics, Automotive & Transportation
and Healthcare & Medical devices have offered new dimensions to the market.
India Thermal Imaging Market is facing certain challenges such as exorbitant ASPs and lack of consumer
awareness. However, emerging demand from commercial applications, decreasing prices and increasing
adoption of high resolution cameras would assist this market over the coming quarters.
Recent developments in the thermal core technology have led to the invention of smaller cores making
them lightweight and power efficient. This has resulted in an improved range of applications for Thermal
Imagers primarily in the Commercial Segment. For instance, FLIR Systems have recently launched FLIR Vue
targeting the UAV/Drone market.
India Thermal Imaging Market Competitive Tracker provides in depth analysis offering insights on market
share by companies, shipments, value and specification.