openPR Logo
Press release

Rugged Thermal Cameras Market To Reap Over US$ 1.3 Bn In Revenues By End Of 2027

07-16-2018 01:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Rugged Thermal Cameras Market To Reap Over US$ 1.3 Bn In Revenues

Awareness about benefits of thermal imaging continues to be driven by effective application of rugged thermal cameras across various industrial verticals. Technological advancements have also led to development of consumer electronics equipped with thermal cameras. Future Market Insights’ recently published report on the global market for rugged thermal cameras considers rising applicability of rugged thermal cameras as a key driver for boosting their global sales. According to the report, defence and military sectors across several regions will be collectively observed as the world’s largest end-users of rugged thermal cameras. In 2017 and beyond, more than 60% of rugged thermal cameras sold across the globe will be used for military and defence purposes.

Request Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-764

Increasing defence budgets of several countries is, thus, cited to become a crucial factor fuelling the global sales of rugged thermal cameras. At present, Future Market Insights values the global rugged thermal camera market at US$ 3.5 Bn, and anticipates it to reach US$ 8.5 Bn by the end of 2027. During this forecast period, the global rugged thermal camera market is likely to soar at an impressive CAGR of 9.1%. Key excerpts of the report indicate the impact of multiple factors on expansion of global rugged thermal camera market.

At the outset, rising defence expenditure and growing military budgets serves as a major booster, driving the global demand for rugged thermal cameras. The market is also projected to grow at a steadfast pace due to declining costs of manufacturing thermal cameras at commercial scale. Cost-effectiveness attained during large scale production of rugged thermal cameras is also a key benefit for manufacturers. The report has profiled leading manufacturers of rugged thermal cameras and their contribution to global market. These include Leonardo SpA, SKF, Bosch Security Systems, Flir Systems, Inc., BAE Systems, L3 technologies Inc., Thermotecknix Systems Ltd., Axis Communication, Raytheon Company, and Danaher Corporation.

Effective application of rugged thermal cameras in fire-fighting departments, surveillance of commercial & residential settings, and medical diagnostics has also become a key driver for market’s growth. Although, high prices of rugged thermal cameras continue to be a major stumbling block for their use in certain applications. According to the report findings, over one-third of global rugged thermal camera revenues are concentrated at surveillance & security applications. In 2016, more than US$ 1.3 Bn worth of rugged thermal cameras were accounted by surveillance & security purposes. Meanwhile, application of rugged thermal cameras in production of electronics is expected to register fastest revenue growth at 10% CAGR.

Request TOC@ https://www.futuremarketinsights.com/askus/rep-gb-764

A regional analysis of global rugged thermal camera market in the report forecasts that throughout the forecast period, North America will remain dominant region. North America’s rugged thermal cameras market, however, will witness a marginal dip in terms of global revenue share. While the US defence budget remains to be among the world’s largest defence budgets, the government there is expected to lower its military spending in the years to come. The region will account for nearly 40% of global rugged thermal camera revenues throughout the forecast period. On the other hand, the rugged thermal camera sales in Asia-Pacific excluding Japan (APEJ) region are projected to record a speedy growth. The APEJ rugged thermal camera market will be soaring at 9.8% CAGR to reach US$ 1.46 Bn value by the end of 2027.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website :www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Rugged Thermal Cameras Market To Reap Over US$ 1.3 Bn In Revenues By End Of 2027 here

News-ID: 1127649 • Views: 115

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small