Thermal Cameras Market Opportunities, Growth Potential, Demand, Future Estimations and Statistics | Impact of COVID-19

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Thermal Camera Market – Overview

The thermal camera market is projected to grow at a CAGR of 10.8% during the forecast period. As per the thermal camera market research report, the global market for thermal camera is projected to grow swiftly by US$13.78 billion by 2025. According to analysts, the need for compact electronic components as well as need for efficient heat management solutions will drive the market growth during the forecast period. The thermal camera market research report offers a comprehensive analysis of the global Thermal Camera Market and its application, mobility, region, and type segments. The high cost of equipment along with complex technologies are the elements that could influence the thermal camera market advancement throughout the forecast period. The thermal camera market research report by expert analysts is developed to assist organizations in the thermal camera market.

Industry News

Thermal cameras flown on drones in Rutherford County save lives. The first respondents in the forest spent the weekend seeking a teenager who could take hours, even days and finish with advanced technology in less than 15 minutes. Saturday night, the teen was reported missing in the forest. It rained outside 35 degrees. The Matrice 2-10 drone with the XT 2 Thermal camera was mounted by the firefighters in Rutherford County.

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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 is being segmented based on type, mobility, and application.

  • Among the type segment, the market has included a cooled IR detector and uncooled IR detector.
  • Among the mobility segment, the market has included handheld fixed/mounted.
  • Among the application segment, the market has included fault detection, building inspection, medical, law enforcement, astronomy, industrial process, meteorology, and others.

Global Thermal Cameras Market: Regional Outlook

Region-wise, the thermal camera market has been studied among the regions of North America, Europe, Asia-Pacific, and the rest of the world.

On account of the high demand for thermal cameras across several law enforcement activities, the North America thermal camera market is likely to materialize as the leading region. Also, the growth in both industrial and commercial sectors is likely to motivate the product demand over the estimated period. In fact, the growing defense expenditure by the U.S. government has driven the regional thermal imaging market growth. As claimed by the Stockholm International Peace Research Institute (SIPRI), the U.S. held the first position in military spending with a surge of 1.7% worldwide. The ongoing soldier modernization programs and a swell in the military expenditure to improve the scope for vision and weapon sights are positively impacting the market growth.

The escalating demand in surveillance and security applications is also anticipated to fuel the demand in the European region. The Asia-Pacific region is also in line to witness growth owing to the rising defense budget.

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