India Thermal Imaging market size is projected to grow at a CAGR of 11.2% during 2023-2029

Uncooled technology on the basis of technology garnered the major revenue share in the India Thermal Imaging Market – 6Wresearh

Uncooled technology by technology dominated the market. In India, uncooled technology is expected to continue to dominate the thermal imaging market in the coming years owing to wide usage across surveillance, firefighting, industrial inspection, energy conservation, and medical monitoring. Moreover, uncooled cameras do not require complex cooling systems, such as cryogenic coolers, which are expensive to manufacture and maintain.

According to 6Wresearch, the India Thermal Imaging market size is projected to grow at a CAGR of 11.2% during 2023–2029. An increase in government support towards the defense sector such as the Make in India initiative, Startup India schemes, and Technological Modernisation would create demand for thermal imaging across sectors. The rise in government support towards the industrial sector such as the introduction of Production Linked Incentive schemes, Make in India 2.0, and Atmanirbhar Bharat Abhiyan would boost India’s manufacturing capabilities, thereby generating demand for thermal imaging. India is an import-dependent economy for thermal cameras, and the availability of spare parts is quite low as the country has to import accessories from outside India. Many accessories such as types of lenses, displays, etc. are imported from outside and hence the waiting time is quite long. Thermal imaging cameras require highly trained technicians for repair and maintenance services. There is a lack of training courses for technicians on how to operate, calibrate, and maintain thermal imaging cameras. This lack of expertise can hinder the demand for thermal imaging cameras.  

According to Shivankar, Research Manager, 6Wresearch, industrial would register major growth in India thermal imaging owing to government initiatives such as the Industrial Corridor Development Programme, Production Linked Incentive scheme for the industrial sector, and rise in the manufacturing ecosystem in India.

The India Thermal Imaging Market (2023-2029) report provides an in-depth analysis with 24 figures and 19 tables, covered in 88 pages. The report comprehensively covers the market by technology, form factor, applications, verticals, and region. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.