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.

Australia and New Zealand Thermal and Acoustic Imaging Market Analysis

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.  

Australia and New Zealand Thermal and Acoustic Imaging Market Overview

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.

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Australia and New Zealand Thermal and Acoustic Imaging Market: Strategic Insights

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Australia and New Zealand Thermal and Acoustic Imaging Market Drivers and Opportunities

Robust Use of Thermal Imaging in Healthcare

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.

Growth of Electric Vehicle 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.

• Launched in April 2023, Australia's National Electric Vehicle Strategy set a vision to increase the uptake of electric vehicles (EVs). This initiative is focused on increasing the supply of affordable and accessible EVs; establishing the resources, systems, and infrastructure to enable rapid EV uptake; and encouraging increased EV demand.
• In October 2023, the New Zealand government launched the electric vehicle charging strategy, "Charging our future: National electric vehicle charging strategy for Aotearoa New Zealand." The Emissions Reduction Plan (ERP) sets New Zealand's commitment to increase the share of zero-emission vehicles to 30% of the light vehicle fleet and reduce emissions from freight transport by 35% by 2035.

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.

Australia and New Zealand Thermal and Acoustic Imaging Market Report Segmentation Analysis

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.

• Based on thermal imaging, the market is segmented into type, technology, wavelength, and end user. In terms of type, the market is subsegmented into thermal cameras, thermal scopes, and thermal modules. The thermal camera segment dominated the market in 2023. Based on technology, the market is subsegmented into cooled and uncooled. The cooled segment dominated the market in 2023. In terms of wavelength, the market is further segmented into SWIR, MWIR, and LWIR. The MWIR segment dominated the market in 2023. Based on end user, the market is subsegmented into aerospace and defense, automotive, healthcare and life sciences, oil and gas, food and beverages, mining, utilities, data centers, and others. The aerospace and defense segment dominated the market in 2023.

• In terms of acoustic imaging, the Australia and New Zealand thermal and acoustic imaging market is segmented by end user. Based on end user, the market is subsegmented into food and beverages, mining, utilities, and others. The others segment dominated the market in 2023.

Australia and New Zealand Thermal and Acoustic Imaging Market Share Analysis by Country

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.

Australia and New Zealand Thermal and Acoustic Imaging Market Report Scope

Australia and New Zealand Thermal and Acoustic Imaging Market News and Recent Developments

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:

• Megger's commitment to serving the African market led to the launch of offices that provide direct, faster, and local technical and commercial support. The offices in Morocco are dedicated to all the customers and projects in the region. (Source: Megger, Press Release, June 2024)
• HIKMIRCO announced a strategic alliance with IRISS, the world leader in electrical maintenance safety devices and reliability technologies. HIKMICRO line of thermographic cameras added to IRISS' existing Sonus brand of Partial Discharge and Ultrasound test equipment, EMSD product solutions, and online training certification programs through its SMART Academy. (Source: HIKMIRCO, Press Release, September 2024)

Australia and New Zealand Thermal and Acoustic Imaging Market Report Coverage and Deliverables

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:

• Australia and New Zealand thermal and acoustic imaging market size and forecast at country level for all the key market segments covered under the scope
• Australia and New Zealand thermal and acoustic imaging market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Australia and New Zealand thermal and acoustic imaging market analysis covering key market trends, country framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Australia and New Zealand thermal and acoustic imaging market
• Detailed company profiles