Global Thermal Imaging Cameras Market, By Component (Hardware, Software and Services), Application (Surveillance, Threat Detection, Surveys, Predictive Maintenance, Radiology, Intelligent Transportation Systems, Commercial and Residential Security, Personal Vision, Fire fighting, Research and Development, Automotive and Veterinary), Types (Active Receiving and Passive Receiving), End User (Military and Defense, Industrial, Commercial, and Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Thermal Imaging Cameras Market
Data Bridge Market Research analyses that the thermal imaging cameras market will exhibit a CAGR of 9.29% for the forecast period of 2021-2028. The thermal imaging cameras market value will therefore stand tall by USD 10.17 billion by 2028. Rising adoption of thermal imaging in perimeter security, increased application of thermal imaging cameras in machine vision- based applications and increased focus of the manufacturers on the technological advancements are the major factors responsible for the growth of thermal imaging cameras market.
Thermal imaging technique is generally used in the dark environment to form the images of the objects. Thermal imaging cameras incorporate the use of thermal energy and infrared radiations coupled with the radiations emitted by the object. Thermal imaging camera is basically a kind of thermo graphic camera which is used for a wide range of applications.
Rising expenditure for research and development activities and increased focus on the adoption of advanced technologies is creating lucrative growth opportunities for the thermal imaging cameras market. Rising technological advancements in the surveillance technology and growth and expansion of security and surveillance industry will further induce growth in the thermal imaging cameras market value. Growing acceptance of thermal imaging in perimeter security coupled with reduction in value of thermal imaging products will also propel growth in the demand for thermal imaging cameras. Rising adoption of thermal imaging in automotive industry and supportive governmental policies and initiatives are other important thermal imaging cameras market growth determinants.
However, stringent export and import regulations and the lack of accuracy will pose a major challenge to the growth of thermal imaging cameras market. Also, high initial investments associated with thermal imaging products will further create hindrances for the growth of thermal imaging cameras market. Lack of awareness and low adoption rates will also dampen the thermal imaging cameras market growth rate.
This thermal imaging cameras market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on thermal imaging cameras market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Thermal Imaging Cameras Market Scope and Market Size
The thermal imaging cameras market is segmented on the basis of component, application, types, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the thermal imaging cameras market is segmented into hardware, software and services.
- On the basis of application, the thermal imaging cameras market is segmented into surveillance, threat detection, surveys, predictive maintenance, radiology, intelligent transportation systems, commercial and residential security, personal vision, fire fighting, research and development, automotive and veterinary.
- On the basis of types, the thermal imaging cameras market is segmented into active receiving and passive receiving.
- On the basis of end user, the thermal imaging cameras market is segmented into military and defense, industrial, commercial, and residential.
Global Thermal Imaging Cameras Market Country Level Analysis
The thermal imaging cameras market is analysed and market size, volume information is provided by country, component, application, types, and end user as referenced above.
The countries covered in the thermal imaging cameras market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America holds a prominent share in the global thermal imaging cameras market owing to the availability of adequate infrastructure and huge demand for thermal imaging devices across various law enforcement activities. Asia-Pacific on the other hand is projected to score the highest CAGR for the forecast period owing to rising expenditure to strengthen to defence and military sector.
The country section of the thermal imaging cameras market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermal Imaging Cameras Market Share Analysis
The thermal imaging cameras market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to thermal imaging cameras market.
The major players covered in the thermal imaging cameras market report are Xenics, Lynred, FLIR Systems, Inc., Fortive, United Technologies, Leonardo S.p.A., L3Harris Technologies, Inc., Axis Communications AB., BAE Systems, Testo SE & Co. KGaA, Fluke Corporation, JENOPTIK AG, HT Italia S.r.l., Allied Vision Technologies GmbH, Zhejiang Dali Technology Co.,Ltd., FluxData Inc., CorDEX Instruments., IRCameras LLC., Keysight Technologies among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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