Press release
Thermal Camera Market to Hit USD 13.78 Billion by 2025 | Top Companies are LIR Systems Inc, Fluke Corporation, Seek Thermal, InfraTec GmbH, Axis Communications AB, Opgal Optronic Industries Ltd, Jenoptik AG and PCE Instruments
Thermal Camera Market – OverviewThe spread of coronavirus has impacted the global thermal camera market 2020, but in the latest study of Market Research Future reveals that the global market would expand at a pace of 10.8% (growth rate) and would strike a valuation of USD 13.78 Billion by 2025. With this, the market might create new ventures and opportunities, which can be predicted until the year-end of 2018-2025.
Top Impacting Factors
The global market for the thermal camera is witnessing high valuation owing to the factor of high demand in the entire commercial as well as the residential sector. Mass production of the thermal camera has led to the availability of cost-effective cameras. A surge in demand in a diverse range of application areas is the prime factor expected to motivate the thermal imaging systems market over the forecast period.
On the same note, technology innovation has also led to a higher development of microbolometers, which is expected to bring in more and more growth opportunities over the forecast period. Also, the development mentioned above has resulted in amplified commercialization of thermal imagers, thus anticipated to spur the demand.
Furthermore, the mounting demand in security and surveillance applications across private and public environments is also in line to motive Thermal Camera Market growth. Also, rapid urbanization has mostly imposed high demand for additional advanced security solutions through these cameras. All these instances are to impact thermal camera market growth over the forecast period positively.
MRFR, in its study, has also mentioned that the rising demand for thermal cameras in the military and automotive sector is likely to compel the thermal imaging market over the coming years. The growing reputation of Unmanned Aerial Vehicles (UAVs) equipped with highly advanced video cameras in military & civilian operations is being witnessed as the technology aids in aircraft to fly in the darkness. This also helps in detecting the target through clouds and smoke. To add in this, the reduction in the standard selling price of these cameras and the integration of camera modules with Smartphones are also highly anticipating the industry to see high-end growth following the forecast period.
In the case of point, the development of ruggedized thermal imaging Smartphones, such as the Caterpillar Cat S61, allowed novices to use the device for its touch screen operability easily.
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Key Players:
Fluke Corporation, FLIR Systems Inc, InfraTec GmbH, Seek Thermal, Opgal Optronic Industries Ltd, Axis Communications AB, PCE Instruments, Jenoptik AG (JEN), LumaSense Technologies Inc, Mobotix AG, Optris GmbH, Spectric Plc, Ulirvision Technology Co Ltd, DIAS Infrared GmbH, Micro-Epsilon, HikVision Digital Technology Co (002415), and 3M Scott are the top sorted market players contributing significantly to market growth.
Thermal Cameras Marketing: Segmental Analysis
The global thermal camera market has been segmented based on application, mobility, region, and type. On the basis of application, the market for thermal camera is segmented based on astronomy, fault detection, industrial process, law enforcement, medical, meteorology, building inspection, and others. Additionally, the market on the basis of mobility, is segmented into handheld fixed/mounted. The global market for thermal camera is also covered based on type segment which is further split into cooled IR detector and uncooled IR detector.
Major elements such as low R&D investment could obstruct the thermal camera market growth. However, according to the thermal camera market research report, rapid development of advanced cooling technologies along with wide-ranging applications across different industry verticals will propel growth throughout the forecast period. The thermal camera market is set to register growth at a high CAGR owing to these key factors. The exploration of application, mobility, region, and type segments along with regional markets has been given in the global thermal camera market research report. The research analysts studying the thermal camera market have put out market forecasts in the thermal camera market research report in order to support thermal camera market-based companies. The thermal camera market research report provides an extensive understanding of the thermal camera market based on the information and forecasts till 2025.
Thermal Cameras Market: Regional Outlook
North America, Europe, Asia Pacific and the rest of the world regional market for thermal camera are predominantly covered in the global thermal camera market research report. Country-level thermal camera markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level thermal camera markets are covered in the report. In Asia-Pacific (APAC) region, the country-level thermal camera markets covered are Japan, India, China, and others. The thermal camera market research report also explores the regional market for thermal camera present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The thermal camera market research report also covers regional markets from the rest of the world alongside thermal camera markets of Africa and the Middle East.
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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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