The Australia and New Zealand thermal and acoustic imaging market size is expected to reach US$ 211.04 million by 2031 from US$ 135.12 million in 2023. The market is anticipated to record a CAGR of 5.7% from 2023 to 2031. The rising demand for miniaturization of electronic components is likely to bring new trends to the market in the coming years.
The rise in military expenditure, robust use of thermal imaging in healthcare, and application of acoustic imaging for environmental monitoring are acting as the drivers of the Australia and New Zealand thermal and acoustic imaging market. At the same time, supply chain disruption is restraining the growth of the market. Furthermore, integration with artificial intelligence and the growth of the electric vehicle market are expected to create opportunities for the market's growth. Moreover, the rising demand for miniaturization of electronic components is likely to set a trend for the market.
Thermal imaging is a sophisticated, noninvasive technique that uses infrared technology to detect heat emissions from various objects. This process transforms infrared energy—which is invisible to the human eye—into a visible light display. Thermal imaging is based on the variations in the infrared (IR) energy emitted by all objects above absolute zero temperature. A color palette, with each color representing a specific range of temperatures, makes it easier to interpret a thermal image. For example, shades of blue frequently indicate cooler temperatures, whereas shades of red indicate hotter areas. For industrial inspections, a thermal imaging camera is an invaluable tool for detecting overheated components, insulation failures, and other potential issues that are not visible to the naked eye. Thermal imagers can detect hot spots during electrical inspections, indicating areas at risk of overheating or fire.
Acoustic imaging is the use of ultrasound to generate real-time images of virtually undetectable (to humans) noise. Acoustic imaging converts the sounds it hears into a visual representation (or map), allowing the operators to quickly identify problem areas. It can also serve as an early warning system to prevent equipment failure by integrating with factory systems, as well as detect, locate, and visualize air and gas leaks or changes in sound signature. It also generates a precise acoustic image that visually displays ultrasonic data, even in noisy industrial settings. The acoustic image is overlayed in real time, allowing the user to precisely locate the source of the sound. It also enables a more precise alert system, eliminating the toil of alert fatigue.
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Australia and New Zealand Thermal and Acoustic Imaging Market: Strategic Insights
Infrared technology, with applications ranging from medical imaging to temperature screening, provides noninvasive solutions for early detection and risk reduction. Medical thermal cameras are highly accurate; they are capable of measuring skin surface temperature and creating detailed thermal images of the entire body. These images highlight temperature variations, helping medical professionals detect abnormal heat patterns. When a thermal image shows elevated temperatures, it may signal potential issues such as inflammation, circulation problems, injuries, or infections. Medical thermal imaging is widely used for various purposes, including monitoring body temperature for early signs of illness and diagnosing a range of conditions. In addition, this imaging technique can also be used to effectively prevent infectious diseases from spreading further. Market players are also adopting thermal imaging solutions. For example, in October 2021, HealthSafe became the first business in New Zealand to introduce a TGA-approved thermal image camera after adding the technology to its SecurePass solution.
Australia and New Zealand aim to provide safe and affordable health care. The Australian Government usually funds most of the spending for medical services and subsidized medicines. Australia spent ~US$ 241.3 billion on health goods and services in 2021–2022. The New Zealand healthcare system is made up of three sectors: public, private, and voluntary. Approximately 85% of New Zealand's healthcare is government-funded. In May 2021, the New Zealand government's annual healthcare budget was ~US$ 17.3 billion. Such factors indicate that Australia and New Zealand are highly adopting healthcare technologies. For example, in April 2020, Australia's Buderim Private Hospital installed thermal imaging technology to ensure people visiting the facility had their temperature quickly and accurately assessed before entering. Thus, the robust use of thermal imaging in healthcare drives the market.
With the rise in concerns about climate change and air pollution, industries and consumers are showing interest in adopting electric vehicles. In addition, the governments of several countries are making their way to introduce several initiatives and policies to boost the manufacturing of electric vehicles to decrease carbon footprint and contribute to a greener future. A few initiatives are mentioned below.
The rising EV market increases the number of supporting charging stations in Australia and New Zealand. With the rise in charging stations, there will be potential safety hazards such as line aging and leakage, and a fire or a larger safety accident is likely to occur. To prevent any potential hazards, thermal imaging technology can be used for accurate temperature measurement and real-time monitoring of the charging process. The surface temperature distribution of the charging stations is monitored simultaneously with the output of temperature image distribution and data. Thermal cameras can also offer online temperature measurements. In addition, thermal imaging cameras with nondestructive testing can be applied to the new energy vehicle inspection to avoid electric car fires. Acoustic Vehicle Alerting System (AVAS) is a required accessory for electric vehicles. The AVAS system produces sound for nearly silent electric vehicles, improving the safety of vulnerable road users (VRUs) such as pedestrians, cyclists, and children. Thus, the use of thermal and acoustic imaging is expected to support the growing EV market, further creating opportunities for the Australia and New Zealand thermal and acoustic imaging market.
Key segments that contributed to the derivation of the Australia and New Zealand thermal and acoustic imaging market analysis are thermal imaging and acoustic imaging.
The rising population in Australia is resulting in the growing demand for healthcare, automotive, and other products and services. As announced in Budget 2022–2023, the Australian Government is expected to contribute US$ 149.8 billion over the next five years, including funding announced under the 2020–2025 National Health Reform Agreement, to maintain its record levels of investment in public hospitals. The Australian Government's funding for hospitals in states and territories rose from US$ 13.3 billion in 2012–2013 to ~US$ 32.7 billion in 2025–2026, representing a 145% increase. Thermal imaging is used in noninvasive diagnostics, specifically to monitor skin temperature variations that may indicate inflammation, infection, and poor blood circulation. Its ability to detect elevated body temperatures (fever) made this technique popular during the COVID-19 pandemic in mass screening applications. Electromagnetic acoustic imaging (EMAI) merges electromagnetic and acoustic methods to yield high-resolution images for diagnostics. Thus, significant investments made in the healthcare sector favor the thermal and acoustic imaging market in Australia.
The regional trends and factors influencing the Australia and New Zealand Thermal and Acoustic Imaging Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Australia and New Zealand Thermal and Acoustic Imaging Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 135.12 Million |
| Market Size by 2031 | US$ 211.04 Million |
| Global CAGR (2023 - 2031) | 5.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Thermal Imaging
|
| Regions and Countries Covered | Australia
|
| Market leaders and key company profiles |
The Australia and New Zealand Thermal and Acoustic Imaging Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Australia and New Zealand Thermal and Acoustic Imaging Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Australia and New Zealand thermal and acoustic imaging market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Australia and New Zealand thermal and acoustic imaging market are listed below:
The "Australia and New Zealand Thermal and Acoustic Imaging Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
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.