Press release
Thermal Camera Market Expected to Generate a Revenue of $11,332.2 Million and Grow at a Noteworthy CAGR of 6.79% over the Estimated Timeframe from 2022-2030
Thermal Camera Market
According to the report, the global thermal camera market is anticipated to generate a revenue of $11,332.2 million and rise at a healthy CAGR of 6.79% during the analysis period from 2022-2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ง๐จ๐ฐ @ https://www.researchdive.com/download-sample/5141
๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
With the increasing necessity of thermal cameras in the automotive industry to help drivers in adverse climatic conditions or in low lights, and to reduce accidents and enhance safety, the market is predicted to experience progressive growth during the forecast period. Besides, the increasing usage of thermal cameras in ensuring vehicle safety, and for non-destructive testing of automotive elements such as brakes, tires are the factors expected to bolster the growth of the thermal camera market over the estimated timeframe. Moreover, the increasing investments in research and development on thermal cameras and increasing implementation of innovative technologies are further predicted to create huge growth opportunities for the market over the estimated timeframe. However, the export restrictions on thermal cameras may restrict the growth of the market during the forecast period.
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
With the rise of the COVID-19 pandemic, the thermal camera market has experienced a negative impact. Due to the spontaneous spread of the virus, many factories have imposed shutdowns, and this further led to the disruption in the supply chain. These factors hampered the production and distribution of thermal cameras during the crisis. However, the increasing demand for thermal cameras in detecting temperature from distance is expected to thrive in the market's growth soon.
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The report has been divided the thermal camera market into segments based on product type, application, end-use, and region.
By product type, the handheld camera sub-segment is expected to hold the major market share during the forecast period. Further, the use of the handheld camera in the navy and army sectors for border monitoring and law enforcement is expected to fuel the growth of the thermal camera market sub-segment during the analysis timeframe.
By application, the monitoring & inspection sub-segment is predicted to have the fastest growth during the forecast period. The increasing use of thermal cameras for monitoring and inspection as infrared technology does not require touch at the time of monitoring is the factor expected to foster the growth of the thermal camera market sub-segment during the estimated timeframe.
By end-use, the aerospace & defense sub-segment is projected to be the most productive during the forecast period. The growing use of thermal cameras in the aerospace and defense sector for better quality control enhanced safety measures, and due to its lightweight nature, is further predicted to amplify the growth of the thermal camera market sub-segment during the estimated period.
By region, the North America region is predicted to hold the largest share of the market and is expected to witness significant growth over the analysis period. This is mainly because of the strong presence of many device makers in this region. Further, the increasing initiative investments by the government in the military and defense sector are expected to drive the regional growth of the market over the forecast timeframe.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.researchdive.com/request-for-customization/5141
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The major players of the thermal camera market include FLIR Systems, Leonardo, Fluke Corporation, L3HARRIS TECHNOLOGIES, Axis Communications, United Technologies, BAE Systems, Testo, Opgal, and Thales Group. These players are working on the development of new business tactics and strategies to gain the leading position in the leading industry.
The report also summarizes other crucial aspects including product portfolio, the financial performance of the key players, SWOT analysis, and the latest strategic developments.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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