A Global Thermal Imaging Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Thermal Imaging industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Thermal Imaging market, this study covers qualitative and quantitative aspects of the Thermal Imaging market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
The global thermal imaging market size was USD 3.85 Billion in 2022 and is expected to register a steady revenue CAGR of 7.3% during the forecast period, according to the latest analysis by Emergen Research. Rising usage of thermal cameras for border surveillance is a key factor driving market revenue growth. Thermal Imaging technology is a method of enhancing object’s visibility in a totally dark environment by detection of infrared radiation emitted by an object and interpreting these radiations to create a visible pattern. In addition, increasing use of advanced thermal imaging cameras in military and defense sectors to meet demand for combat operations and night patrolling is also expected to drive revenue growth of the market. These cameras are capable of recognizing things at a very long distance, even in bad weather. Equipment including binoculars, monoculars, military vehicles utilized for perimeter surveillance, and remotely operated turrets are all employed in border surveillance. Businesses are fever screening tools to protect employees and consumers from infections. For instance, in April 2020, Amazon deployed thermal cameras with this technology in six of its U.S. facilities in Seattle and Los Angeles to monitor health of its employees.
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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Thermal Imaging industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Thermal Imaging industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Thermal Imaging industry.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Thermal Imaging market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Fluke Corporation, Raytheon Technologies, FLIR Systems, Leonardo SPA, BAE Systems, Xenics, L3Harris Technologies, Axis Communication, Lynred, Infratec
Radical Highlights of the Thermal Imaging Market Report:
- Comprehensive overview of the Thermal Imaging market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Thermal Imaging market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Regional Landscape section of the Thermal Imaging report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report offers insightful information about the market dynamics of the Thermal Imaging market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Thermal Imaging market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Thermal Imaging market.
Thermal Imaging Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019–2032)
- Handheld Cameras
- Fixed Cameras
Product Outlook (Revenue, USD Billion; 2019–2032)
- Thermal Cameras
- Thermal Modules
- Thermal Scopes
Application Outlook (Revenue, USD Billion; 2019–2032)
- Monitoring Inspection
- Security Surveillance
- Detection Measurement
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Additional information offered by the report:
- Along with a complete overview of the global Thermal Imaging market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Thermal Imaging market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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