Australia and New Zealand Thermal and Acoustic Imaging Market Growth by 2031
Australia and New Zealand Thermal and Acoustic Imaging Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Thermal Imaging [Type (Thermal Cameras, Thermal Scopes, and Thermal Modules), Technology (Cooled and Uncooled), Wavelength (SWIR, MWIR, and LWIR), and End User (Defense, Automotive, Healthcare and Life Sciences, Oil and Gas, Mining, Utilities, Food and Beverages, Datacenters, and Others)] and Acoustic Imaging [End User (Mining, Utilities, Food and Beverages, and Others)]
- Status : Published
- Report Code : TIPRE00039372
- Category : Electronics and Semiconductor
- No. of Pages : 120
- Available Report Formats :
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Rising demand for miniaturization of electronic components are anticipated to play a significant role in the Australia and New Zealand thermal and acoustic imaging market in the coming years.
The Australia and New Zealand thermal and acoustic imaging marketis expected to reach US$ 211.04 million by 2031.
The key players holding majority shares in the Australia and New Zealand thermal and acoustic imaging market are Teledyne FLIR LLC; InfiRay; Fluke Corp; Testo SE & Co. KGaA; and Hangzhou Microimage Software Co., Ltd.
The incremental growth expected to be recorded for the Australia and New Zealand thermal and acoustic imaging market during the forecast period is US$ 75.92 million.
The Australia and New Zealand thermal and acoustic imaging market was estimated to be US$ 135.12 million in 2023 and is expected to grow at a CAGR of 5.7% during the forecast period 2023 – 2031.
Rise in military expenditure, robust use of thermal imaging in healthcare, and acoustic imaging for environmental monitoring are the major factors that propel the Australia and New Zealand thermal and acoustic imaging market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Australia and New Zealand Thermal and Acoustic Imaging Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
4.4 Premium Insights
4.4.1 Product Mapping
4.4.2 Company Share Analysis:
4.4.2.1 Company Share Analysis for Australia and New Zealand Thermal Imaging Market
4.4.2.2 Company Share Analysis for Australia and New Zealand Acoustic Imaging Market
5. Australia and New Zealand Thermal and Acoustic Imaging Market – Key Market Dynamics
5.1 Australia and New Zealand Thermal and Acoustic Imaging Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Military Expenditure
5.2.2 Robust Use of Thermal Imaging in Healthcare
5.2.3 Acoustic Imaging for Environmental Monitoring
5.3 Market Restraints
5.3.1 Supply Chain Disruptions
5.4 Market Opportunities
5.4.1 Integration of Artificial Intelligence in Thermal and Acoustic Imaging Systems
5.4.2 Growth of Electric Vehicle Market
5.5 Future Trends
5.5.1 Rising Demand for Miniaturization of Electronic Components
5.6 Impact of Drivers and Restraints:
6. Australia and New Zealand Thermal and Acoustic Imaging Market Analysis
6.1 Australia and New Zealand Thermal and Acoustic Imaging Market Revenue (US$ Million), 2021–2031
6.2 Australia and New Zealand Thermal and Acoustic Imaging Market Forecast and Analysis
6.3 Australia and New Zealand Thermal Imaging Market Revenue (US$ thousand), 2021–2031
6.4 Australia and New Zealand Acoustic Imaging Market Revenue (US$ thousand), 2021–2031
7. Australia and New Zealand Thermal Imaging Market Analysis – by Type
7.1 Thermal Cameras
7.1.1 Overview
7.1.2 Thermal Cameras: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
7.2 Thermal Scopes
7.2.1 Overview
7.2.2 Thermal Scopes: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
7.3 Thermal Modules
7.3.1 Overview
7.3.2 Thermal Modules: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
8. Australia and New Zealand Thermal Imaging Market Analysis – by Technology
8.1 Cooled
8.1.1 Overview
8.1.2 Cooled: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
8.2 Uncooled
8.2.1 Overview
8.2.2 Uncooled: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
9. Australia and New Zealand Thermal Imaging Market Analysis – by Wavelength
9.1 SWIR
9.1.1 Overview
9.1.2 SWIR: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
9.2 MWIR
9.2.1 Overview
9.2.2 MWIR: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
9.3 LWIR
9.3.1 Overview
9.3.2 LWIR: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
10. Australia and New Zealand Thermal Imaging Market Analysis – by End User
10.1 Aerospace and Defense
10.1.1 Overview
10.1.2 Aerospace and Defense: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
10.2 Automotive
10.2.1 Overview
10.2.2 Automotive: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
10.3 Healthcare and Life Sciences
10.3.1 Overview
10.3.2 Healthcare and Life Sciences: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
10.4 Oil and Gas
10.4.1 Overview
10.4.2 Oil and Gas: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
10.5 Mining
10.5.1 Overview
10.5.2 Mining: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
10.6 Utilities
10.6.1 Overview
10.6.2 Utilities: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
10.7 Food and Beverages
10.7.1 Overview
10.7.2 Food and Beverages: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
10.8 Datacentres
10.8.1 Overview
10.8.2 Datacentres: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
10.9 Others
10.9.1 Overview
10.9.2 Others: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
11. Australia and New Zealand Acoustic Imaging Market Analysis – by End User
11.1 Utilities
11.1.1 Overview
11.1.2 Utilities: Australia and New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
11.2 Mining
11.2.1 Overview
11.2.2 Mining: Australia and New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
11.3 Food and Beverages
11.3.1 Overview
11.3.2 Food and Beverages: Australia and New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
11.4 Others
11.4.1 Overview
11.4.2 Others: Australia and New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
12. Australia and New Zealand Thermal and Acoustic Imaging Market – Country Analysis
12.1 Asia Pacific
12.1.1 Australia and New Zealand Thermal and Acoustic Imaging Market Revenue and Forecast and Analysis – by Country
12.1.1.1 Australia and New Zealand Thermal and Acoustic Imaging Market Revenue and Forecast and Analysis – by Country
12.1.1.2 Australia Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
12.1.1.2.1 Australia Thermal Imaging Market Breakdown by Type
12.1.1.2.2 Australia Thermal Imaging Market Breakdown by Technology
12.1.1.2.3 Australia Thermal Imaging Market Breakdown by Wavelength
12.1.1.2.4 Australia Thermal Imaging Market Breakdown by End User
12.1.1.2.5 Australia Acoustic Imaging Market Breakdown by End User
12.1.1.3 New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
12.1.1.3.1 New Zealand Thermal Imaging Market Breakdown by Type
12.1.1.3.2 New Zealand Thermal Imaging Market Breakdown by Technology
12.1.1.3.3 New Zealand Thermal Imaging Market Breakdown by Wavelength
12.1.1.3.4 New Zealand Thermal Imaging Market Breakdown by End User
13. Competitive Landscape
13.1 Company Positioning & Concentration
13.2 Heat Map Analysis By Key Players
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 Product Development
14.4 Mergers & Acquisitions
15. Company Profiles
15.1 Teledyne FLIR LLC
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Testo SE & Co. KGaA
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Fluke Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 UNI-TREND TECHNOLOGY (CHINA) CO., LTD.
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Hangzhou Microimage Software Co., Ltd.
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Megger Group Limited
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 SDT International SA/NV
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Word Index
List of Tables
Table 1. Australia and New Zealand Thermal and Acoustic Imaging Market Segmentation
Table 2. Ecosystem: Australia and New Zealand Thermal and Acoustic Imaging Market
Table 3. List of Vendors in Value Chain
Table 4. Australia and New Zealand Thermal and Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Table 5. Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Type
Table 6. Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Technology
Table 7. Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Wavelength
Table 8. Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by End User
Table 9. Australia and New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by End User
Table 10. Australia and New Zealand Thermal and Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Country
Table 11. Australia Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Type
Table 12. Australia Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Technology
Table 13. Australia Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Wavelength
Table 14. Australia Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by End User
Table 15. Australia Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by End User
Table 16. New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Type
Table 17. New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Technology
Table 18. New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by Wavelength
Table 19. New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by End User
Table 20. New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand) – by End User
Table 21. Company Positioning & Concentration
Table 22. List of Abbreviation
List of Figures
Figure 1. Australia and New Zealand Thermal and Acoustic Imaging Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Australia and New Zealand Thermal and Acoustic Imaging Market Revenue (US$ Thousand), 2021–2031
Figure 5. Australia and New Zealand Thermal Imaging Market Revenue (US$ Thousand), 2021–2031
Figure 6. Australia and New Zealand Acoustic Imaging Market Revenue (US$ Thousand), 2021–2031
Figure 7. Australia and New Zealand Thermal Imaging Market Share (%) – by Type, 2023 and 2031
Figure 8. Thermal Cameras: Australia and New Zealand Thermal and Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 9. Thermal Scopes: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 10. Thermal Modules: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 11. Australia and New Zealand Thermal Imaging Market Share (%) – by Technology, 2023 and 2031
Figure 12. Cooled: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 13. Uncooled: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 14. Australia and New Zealand Thermal Imaging Market Share (%) – by Wavelength, 2023 and 2031
Figure 15. SWIR: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 16. MWIR: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 17. LWIR: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 18. Australia and New Zealand Thermal Imaging Market Share (%) – by End User, 2023 and 2031
Figure 19. Aerospace and Defense: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 20. Automotive: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 21. Healthcare and Life Sciences: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 22. Oil and Gas: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 23. Mining: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 24. Utilities: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 25. Food and Beverages: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 26. Datacentres: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 27. Others: Australia and New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 28. Australia and New Zealand Acoustic Imaging Market Share (%) – by End User, 2023 and 2031
Figure 29. Utilities: Australia and New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 30. Mining: Australia and New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 31. Food and Beverages: Australia and New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 32. Others: Australia and New Zealand Thermal and Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 33. Australia and New Zealand Thermal and Acoustic Imaging Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 34. Australia Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 35. Australia Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 36. New Zealand Thermal Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 37. New Zealand Acoustic Imaging Market – Revenue and Forecast to 2031 (US$ Thousand)
Figure 38. Heat Map Analysis By Key Players
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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