Technology

Thermal Imaging Market Size worth $7.59 billion, Globally, by 2030- Exclusive Report by The Research Insights

Published

1 year ago

May 23, 2025

CHICAGO, May 23, 2025 /PRNewswire/ — The global thermal imaging market size is projected to be valued at USD 4.63 billion in 2023 and reach USD 7.59 billion by 2030, growing at a CAGR of 7.3% according to a new report by The Research Insights. Defense and security sectors globally are driving substantial expansion in the thermal imaging market due to their increasing demand. Due to increasing geopolitical tensions and the elevated importance of national security governments are now investing more heavily in advanced surveillance systems and military modernization programs.

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Market Overview and Growth Trajectory:

Thermal Imaging Industry Growth: According to an exhaustive report by The Research Insights, the Thermal Imaging Market is experiencing significant growth, driven by increasing adoption of thermal imaging technologies is fueling consistent market expansion while solidifying its essential role in current industrial maintenance and inspection operations. The industrial inspection sector represents one of the fastest expanding practical applications in the thermal imaging industry. Manufacturing plants and energy utilities use thermal imaging technology to maintain equipment reliability while optimizing operational efficiency. Thermal imaging has become essential to condition monitoring strategies as industries adopt automated systems and smart maintenance solutions.

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the thermal imaging market growth of 7.3% comprises a range of technology, product type, wavelength, application and geography which are expected to register strength during the coming years.

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Increasing Use in Industrial Inspection: The thermal imaging market is emerging at this crucial time when avoiding unplanned downtime has become paramount in today’s fast-paced industrial world. Different sectors including manufacturing and power production depend more on thermal imaging technology to maintain efficient and secure operations. Maintenance teams utilize thermal imaging to detect overloaded electrical panels and worn-out bearings in heavy machinery through a non-invasive process that provides real-time results to prevent costly breakdowns. Advancements in uncooled infrared sensors have resulted in more compact, affordable, and user-friendly devices which promote increased growth in the thermal imaging industry. Small-scale facilities can now use tools which used to be available only to big industrial businesses. With stricter safety regulations and efficiency becoming a key competitive factor, thermal imaging technology is now a mandatory requirement. The industrial inspection camera system drives substantial growth for the global thermal imaging market size by both reducing risk and increasing productivity.

Shift Toward Uncooled Thermal Cameras: The thermal imaging market is moving toward uncooled thermal cameras because they offer substantial benefits. Thermal cameras used to be large and costly devices that served mainly military and high-end industrial functions. The development of microbolometer technology has enabled uncooled thermal action camera to become widespread by eliminating the need for cryogenic cooling which results in smaller size and lower cost. Uncooled thermal cameras now serve as the preferred choice for tasks ranging from facility maintenance to automotive and security applications. The compact size of these devices allows for easy integration into drones and mobile electronics while maintaining full operational performance. The widespread adoption of thermal imaging technology is broadening its market reach by enabling applications in firefighting as well as HVAC systems for diagnostics agriculture and consumer electronics. The move towards uncooled thermal cameras represents a wider thermal imaging market trend that emphasizes both accessibility and versatility alongside innovative developments.

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Thermal Cameras Lead as the Preferred Choice in the Global Thermal Imaging Market Size: In the thermal imaging market thermal cameras lead as the preferred segment because of their flexible uses and user-friendly operation together with their growing industrial application range. The defense, industrial maintenance, healthcare, automotive, and public safety sectors are rapidly adopting these cameras because they deliver precise thermal imaging instantaneously without needing physical contact. Both handheld and fixed thermal cameras stand out as top choices in predictive maintenance and surveillance as well as fever detection because they feature portable designs and intuitive user interfaces alongside the ability to work with AI and Internet of Things (IoT) systems. Lower prices and improved availability of these technologies have helped small and mid-sized businesses adopt them more broadly. Thermal cameras will continue to dominate the thermal imaging industry because industries are focusing on operational safety and efficiency.

Geographical Insights: The thermal imaging market will see North America controlling 32% of the market share in 2024 due to substantial defense spending together with technological advancement and increased use in industrial inspection and public safety operations. The United States stands at the forefront of military-grade thermal imaging applications and border surveillance technology while also leading smart city deployment initiatives. The thermal imaging market experiences its fastest growth rate in the Asia Pacific region because of swift industrialization and infrastructure build-up coupled with increased defense spending across China, India, Japan, and South Korea. The European thermal imaging market shows significant dedication to sustainable practices along with energy-efficient solutions and precise manufacturing methods. Germany, France, and the UK are currently utilizing thermal imaging to enhance industrial inspection processes while monitoring renewable energy systems and electrical grids.

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Thermal Imaging Market Segmentation and Geographical Insights:

Based on technology, the thermal imaging market size is divided into cooled thermal imaging and uncooled thermal imaging. The cooled thermal imaging segment held the largest share of the thermal imaging market in 2024.Based on product type, the thermal imaging market size is divided into thermal cameras, thermal scopes and thermal modules. The thermal camera market segment held the largest share of the thermal imaging market in 2024.Based on wavelength, the thermal imaging market size is divided into Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR) and Long-Wave Infrared (LWIR). The Long-Wave Infrared (LWIR) segment accounted for a larger share of the thermal imaging market in 2024.Based on application, the thermal imaging market size is divided into military & defense, industrial, commercial and residential. The military & defense segment accounted for a larger share of the thermal imaging market in 2024.The thermal imaging market is segmented into five major regions: North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

Key Players and Competitive Landscape:

The Thermal Imaging Market is characterized by the presence of several major players, including:

Honeywell International Inc.Lockheed Martin CorporationTeledyne FLIR LLCRaytheon Technologies CorporationAxis Communications ABBAE Systems, Inc.Testo SE & Co. KGaALeonardo DRSSafran GroupLynred USAThermoteknix Systems LtdHikvision Global

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

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Thermal Imaging Market Recent Developments and Innovations:

In March 2024, Hikvision launched “Myth Buster” high performance thermal cameras used for temperature measurement, perimeter protection, and fire detection.In January 2024, Teledyne FLIR launched its improved K-Series firefighting and search and rescue (SAR) thermal imaging cameras (TICs). The enhanced K-Series will help firefighters navigate dangerous conditions with greater safety and efficiency through image processing improvements that significantly increase image quality throughout the imaging span.In January 2024, Valeo and Teledyne FLIR announce agreement and first contract for thermal imaging for automotive safety systems. The two companies have already secured a major contract from a leading global automotive OEM to deliver new thermal imaging cameras as part of advanced driver-assist systems (ADAS).

Conclusion:

The thermal imaging market continues its strong growth because of its applications in various sectors including defense and security, industrial inspection, healthcare, automotive, and public safety. A complex yet efficient value chain of raw material suppliers, component suppliers, module manufacturers, device OEMs, software developers, system integrators and a diverse range of end users serves as the foundation of the market. Thermal camera market size dominate the product segment rankings because they offer portability and real-time imaging capabilities along with versatile applications. Thermal imaging technology is broadening its range of applications and becoming more cost-effective which enables its progress from defense-oriented specialization to an essential mainstream tool for safety and operational efficiency in multiple fields. The thermal imaging market will continue to evolve through constant innovation and achieve broad acceptance in future years.

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The report from The Research Insights, therefore, provides several stakeholders—including component suppliers, thermal imaging module manufacturers, device manufacturers, OEMs, system integrators, distributors and end users —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

With projected growth to US$ 7.59 billion by 2030, the Thermal Imaging Market represents a significant opportunity for component suppliers, thermal imaging module manufacturers, device manufacturers, OEMs, system integrators, distributors, end-users, investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Check out more related studies published by The Research Insights:

Thermal Scanners Market – The global thermal scanners market size is expected to reach USD 9.23 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 8.3% from 2025 to 2030. The integration of thermal scanning technology with cutting-edge systems like IoT and AI is driving market growth. This convergence elevates thermal scanner capabilities, empowering real-time data analysis and remote monitoring.Thermal Management Technologies Market – The global thermal management technologies market is poised to expand significantly, driven by an insatiable appetite for high-performance electronic devices across various sectors. Currently valued at USD 14.17 billion in 2023, this market is anticipated to grow at a CAGR of 10.1% from 2024 to 2030.Thermal Insulation Coating Market – The global thermal insulation coating market is poised to undergo significant growth, driven by increasingly stringent government regulations aimed at reducing energy consumption. With the European Union’s revised Energy Efficiency Directive setting a new benchmark, companies are under pressure to adopt innovative solutions that contribute to this goal. The target of cumulative end-use energy savings has been set at 1.3% in the short term and is expected to increase further by 2028-2030, creating a compelling incentive for businesses to invest in thermal insulation coatings, which are set to play a vital role in buildings and industrial applications.Shortwave Infrared Market – The global shortwave infrared market size is expected to reach USD 1,179.6 million by 2030, according to a new report by The Research Insights. It is projected to register a CAGR of 12.0% during the forecast period, driven by increasing demand across various industries such as defense, industrial inspection, healthcare, and security. The shortwave infrared (SWIR) market is experiencing significant growth driven by its increasing acceptance in defense and military operations.Aerospace Insulation Market – The global aerospace insulation market size is anticipated to reach USD 12.28 billion by 2027 and is projected to grow at a CAGR of 4.2% from 2020 to 2027, according to a new report by The Research Insights. The increasing demand for fuel-efficient engines with corrosion-resistant insulation has created an opportunity for aerospace insulation to play a crucial role in reducing emissions and extending equipment lifespan.IR Camera Market – The global IR camera market size is anticipated to reach USD 11.98 billion by 2030, according to a new report by The Research Insights, expanding at a CAGR of 6.5% from 2023 to 2030. The global IR camera market is expected to experience significant growth, driven by the increasing demand for enhanced safety and security measures.

Browse More related reports on Semiconductors & Electronics Market – https://www.theresearchinsights.com/categories/semiconductors-electronics

About The Research Insights:

The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions.

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Technology

DATABANK CLOSES $1.45 BILLION IN NEW FINANCING ACROSS TWO TRANSACTIONS

Published

28 minutes ago

June 15, 2026

$800 Million Revolving Credit Facility and $650 Million Upsize of Red Oak, Texas Campus Financing Strengthen DataBank’s Capital Structure and Support Continued Growth

DALLAS, June 15, 2026 /PRNewswire/ — DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed services, today announced the successful closing of two financing transactions totaling $1.45 billion: an $800 million corporate revolving credit facility and a $650 million upsize of its existing construction financing for its Red Oak, Texas data center campus.

$800 Million Revolving Credit Facility

DataBank closed an $800 million revolving credit facility (the “Corporate Revolver”) maturing in 2031. Proceeds will be used for general corporate purposes, including working capital needs, capital expenditures, and liquidity support for the company’s continued growth and acquisition strategy.

This Corporate Revolver was arranged by a syndicate of banks led by Citizens Bank, N.A. along with Joint Lead Arrangers Citibank, MUFG Bank, Ltd., PNC Bank, N.A., TD Securities (USA) LLC, Truist Securities, Inc., U.S. Bank, N.A. and Wells Fargo Securities.

$650 Million Red Oak Campus Financing Upsize

DataBank also closed a $650 million upsize of its existing $2.0 billion construction financing for its Red Oak, Texas campus, originally announced in April 2026. This brings the total Red Oak campus financing to $2.65 billion. The upsize supports construction of the fourth building on this campus, adding 60 megawatts of incremental IT capacity.

The upsize consists of $400 million in bank financing, led by the same institutions as the April 2026 announcement, and $250 million of notes placed in a private placement, which is DataBank’s first private placement transaction. The private placement marks a significant milestone for DataBank, opening the company to a new institutional investor base and further diversifying its sources of capital for development projects. MUFG served as Lead Placement Agent, with TD Securities (USA) LLC and Barclays as Joint Placement Agents, and Citibank, Citizens Bank, N.A., and National Bank of Canada as Co-Placement Agents.

“This new revolving credit facility strengthens our financial flexibility and reflects the confidence our lending partners have in DataBank’s business model and long-term growth trajectory,” said Raul K. Martynek, Chief Executive Officer of DataBank.

“As demand for data center capacity continues to accelerate, having a robust and flexible capital structure is essential. This revolver, combined with the upsized Red Oak financing and our inaugural private placement, positions DataBank to move decisively as we expand our platform and deepen our relationships with hyperscale, cloud, and enterprise customers,” said Kevin Ooley, President and Chief Financial Officer of DataBank.

Davis Polk & Wardwell LLP served as legal counsel to DataBank on both transactions.

About DataBank

DataBank helps the world’s largest enterprises, technology, and content providers ensure their data and applications are always on, always secure, always compliant, and ready to scale to meet the needs of the artificial intelligence era.

Recognized by Deloitte in 2023 and 2024, and Inc. 5000 in 2024 as one of the fastest-growing private US companies, DataBank’s edge colocation and infrastructure footprint consists of 70+ “HPC-ready” data centers in 25+ markets, 20 interconnection hubs, and on-ramps to an ecosystem of cloud providers with virtually unlimited reach.

We combine these platforms with contract portability, managed security, compliance enablement, hands-on support, and a guarantee of 100% uptime availability, to give our customers absolute confidence in their IT infrastructure and the power to create a boundless digital future for their business.

To learn more, follow us on LinkedIn or subscribe to our YouTube channel. To tour a facility, visit DataBank or call 1(800) 840-7533.

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SOURCE DataBank

Technology

Hasung Expands Global Reach with Advanced Precious Metal Processing Solutions

Published

28 minutes ago

June 15, 2026

SHENZHEN, China, June 15, 2026 /PRNewswire/ — Hasung, a professional solutions provider in the field of precious metals and alloys founded in 2014, is leveraging its years of accumulated expertise in precious metal processing and independent R&D capabilities to accelerate the internationalization of Chinese high-end precious metal equipment manufacturing, as the global jewelry manufacturing and precious metal processing industry continues to develop towards higher precision, higher purity, and higher efficiency.

The global jewelry market reached approximately USD 381.5 billion in 2025 and is projected to exceed USD 578 billion by 2033, driving increasing demand for high-precision precious metal manufacturing technologies, according to Grand View Research.

Advanced Precious Metal Processing Technology as the Upgrading Direction

In the field of precious metal processing, purity determines value, and details reveal quality. As global refineries, jewelers, and gold bullion manufacturers place stringent demands on product quality and manufacturing efficiency, traditional processing methods have become the production bottleneck due to unresolved issues such as oxidation, porosity, and precision. As a result, advanced casting, melting, and precision processing technologies are emerging as an important development direction for high-end precious metal manufacturing.

Guided by a focus on technology and product quality, Hasung has gradually formed an independent and highly stable core product system based on its deep understanding of industrial automation systems and advanced technology R&D capabilities. This system covers continuous casting equipment, metal granulating equipment, induction melting furnaces, gold bar casting machines, jewelry casting machines, metal powder making machines, etc.

This precious metal solution, which integrates intelligent control, efficient heating, and precision forming, effectively addresses the core pain points of the precious metal processing industry, such as oxidation control, yield, and production efficiency. Advanced IGBT wafers and high-frequency heating technology not only enable rapid melting of metal in a very short time, but also significantly reduce unit energy consumption. The PID intelligent temperature control system ensures that the molten metal has optimal fluidity, avoiding shrinkage porosity or uneven grain structure caused by temperature fluctuations.

Meanwhile, Hasung places strong emphasis on process stability and precision control. Through continuous optimization of equipment structure, temperature management, and automation systems, the company helps customers achieve greater consistency in precious metal casting and processing operations.

Rising Demand for High-Precision Precious Metal Processing Equipment

High-end precious metal processing equipment has long been dominated by German and Japanese manufacturers, especially when it comes to precision casting, temperature precision, and automation.

As manufacturers worldwide increasingly prioritize casting quality, material utilization, and process consistency, companies with strong engineering capabilities are gaining greater opportunities to compete in the global market.

Through sustained investment in engineering innovation, intelligent control systems, and precision manufacturing technologies, Hasung has continued to strengthen its competitiveness in high-end precious metal processing equipment. The results show up in how the equipment actually performs in production environments: more consistent, more reliable, less operator intervention.

That reputation has opened doors. Hasung’s equipment is now running in jewelry workshops, precious metal refineries, and advanced materials operations across Europe, Southeast Asia, the Middle East, and South America.

Expanding from Jewelry into Advanced Materials

As the global advanced manufacturing industry continues to increase its demand for high-performance metal materials, advanced precious metal processing technology is applied from the jewelry industry to a wider range of industrial applications.

In addition to the traditional jewelry manufacturing market, Hasung has also been actively expanding its applications in advanced materials and scientific research in recent years, like metal powder manufacturing, new material experimentation, precision alloy processing, and others. Its clients include not only jewelry manufacturers but also new material companies, university laboratories, and solder companies.

In the future, Hasung will intensify its R&D investment in precious metal processing technology, intelligent automation, and precision control, continuously improving product performance and global service capabilities.

“Thirteen years ago, we moved into precious metals industry,” said Mr. Xiang, the founder of Hasung, “year after year we’ve kept pursuing technology development and been committed to driving technological innovation in the global precious metals industry through China’s smart manufacturing.”

About Hasung

Hasung is a national high-tech enterprise based in Shenzhen, specializing in the manufacturing of equipment for precious metals and new materials processing. Its main products include vacuum pressure casting machines, gold bar casting machines, silver bullion casting machines, jewelry casting machines, jewelry rolling mills, metal powder making machines, gold chain making machines, etc., which are sold to more than 80 countries and regions around the world.

Media Contact:

Shenzhen Hasung Precious Metals Equipment Technology Co., Ltd
No.11, Jinyuan 1st Road, Heao Community, Yuanshan Street, Longgang District, Shenzhen, China 518115
Email: sales@hasungmachinery.com
Tel: +86 17898439424
www.hasungmachinery.com

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SOURCE Shenzhen Hasung Precious Metals Equipment Technology Co., Ltd

Technology

LifeNet Health, NASA, and UNOS Complete First-of-Its-Kind Drone Kidney Transport Study to Help Save More Lives

Published

28 minutes ago

June 15, 2026

HAMPTON, Va., June 15, 2026 /PRNewswire/ — Teams from the United Network for Organ Sharing (UNOS), NASA Langley Research Center, and LifeNet Health successfully completed a groundbreaking study transporting human kidneys by drone beyond visual line of sight, marking a major milestone in the future of organ transportation and transplantation.

The June 5 flights highlight the potential for drone technology to support future innovations in organ transportation, with the goal of improving reliability, reducing transit times, and helping save more lives through transplantation.

During the study, the kidneys were biopsied and placed on preservation pumps before and after the flights to assess whether drone transportation affected organ integrity. Temperature, pressure, and altitude were monitored throughout the approximately 15-minute flights. Preliminary findings showed no evidence that the flights negatively affected the organs.

Organ transplantation is one of the most time-sensitive processes in healthcare. Once recovered, organs have only a limited window of viability, making efficient transportation critical to successful transplantation. Delays can impact organ function, patient outcomes, and whether a transplant can occur at all. Transportation innovation, including the exploration of drone technology, has the potential to expand access to transplantation for patients on the waitlist or reduce the time to transplant, improving patient outcomes.

“With more than 100,000 people currently waiting for a lifesaving transplant nationwide, innovation in organ transportation is essential,” said UNOS Interim CEO Mark Johnson. “This successful collaboration represents an important step toward making organ transportation safer, faster, and more efficient.”

According to national transplant data, another person is added to the U.S. transplant waiting list every eight minutes, while 13 people die each day waiting for an organ that never arrives. More than 3,000 people in Virginia alone are currently waiting for a lifesaving transplant.

The kidneys used in the study were donated for research by a donor family working with LifeNet Health after it was determined the organs would not be transplanted. Through these gifts, the organizations were able to evaluate how drone transportation may support future advances in transplantation logistics and organ preservation.

While transplantation saves lives today, donation for research helps save lives tomorrow. Organs and tissues that cannot be used for transplant can still help scientists improve preservation methods, develop new therapies, and explore future innovations in transplantation and patient care.

“Just as every patient waiting for a transplant matters, so does the timely transportation of the organs and tissues that can save and heal lives,” said Rony Thomas, President and CEO of LifeNet Health. “Advancing transportation and logistics innovation can make a meaningful difference in ensuring these lifesaving gifts reach patients when they are needed most.”

The study also highlights the broader impact of research donation. A single research donation can support multiple scientific studies and discoveries that may improve transplant outcomes and benefit patients for years to come. Many medical advances used in transplantation today were made possible through the generosity of donors and their families.

Donation for research occurs only with proper authorization and under strict ethical and regulatory standards. Families receive clear information about the process and can make informed decisions that honor their loved one’s wishes.

UNOS, NASA, and LifeNet Health continue exploring opportunities to further evaluate drone transportation in operational environments, including transporting research organs between hospitals and airports.

For updates and more information, follow:

NASA Langley Research Center LinkedIn
NASA Langley Research Center X
NASA Langley Research Center Instagram
NASA Langley Research Center Facebook
NASA Langley Research Center YouTube
UNOS Facebook
UNOS LinkedIn
UNOS Instagram
LifeNet Health LinkedIn
LifeNet Health Facebook
LifeNet Health Instagram

About UNOS
UNOS is a nonprofit organization with decades of experience in helping save lives through research, technology, innovation and education.

About LifeNet Health
As a global leader in regenerative medicine, LifeNet Health continues to push the boundaries to give healing every advantage. The organization offers groundbreaking transplantation and cellular solutions that support healthcare providers and powers scientific research. This forward-focused approach has improved life for millions of patients, all while honoring donor heroes and their families. For more information, visit: www.lifenethealth.org.

EX-3896.00

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SOURCE LifeNet Health