Thermal Camera Market: Global Industry Analysis And Forecast (2021 to 2029)

Thermal Camera Market was valued at US$ 3.33 Bn. in 2021. Global Thermal Camera Market size is estimated to grow at a CAGR of 5.68% over the forecast period.

Thermal Camera Market Overview:

The global Thermal Camera Market is growing at a rapid pace, owing to increased demand from all key industries. In addition, the market is growing due to rapid advancements in thermal imaging and growing applications in defense, homeland security, medical, and commercial areas. Thermal imaging technology can identify items that standard cameras might miss, eliminate blind spots, and improve the capabilities of assisted driving systems. These cameras' high-quality, lightning-fast images make them ideal for demanding working settings like electric utilities, petrochemical industries, and metallurgy. Thermal Camera Market To know about the Research Methodology :- Request Free Sample Report

Thermal Camera Market Dynamics:

Thermal cameras that are compact, durable, & suited for industrial use are in high demand. The market for thermal cameras is expected to rise as more professional users embrace laser rangefinder-assisted ultra-focus systems. In addition, the market share of thermal cameras is increasing in industries such as automotive, law enforcement, and medicine. Technological advancements and innovations, as well as the integration of artificial intelligence technologies into smart gadgets, open up a wide market. Thermal imagers are utilized in the household and commercial sectors to provide information on leakage (water or air), home insulation, cracks, and insufficient insulation. Thermal cameras can also work in a variety of conditions, including day, night, fog, and a congested environment. More than 500,000 automobiles have reliable night vision with pedestrian and animal detection thanks to Tier 1 automotive supplier Veoneer. As part of efforts to protect employees as they return to work, Nokia has developed an automated system that employs a thermal camera and real-time video analytics to assess if a person has COVID-19 symptoms and is wearing a mask. For the past two months, the Finnish company has been employing the technology in its factory in Chennai, India, where it has screened over 200,000 people. According to an official release, FebriEye is an Artificial Intelligence-based thermal screening company that will be used for real-time automatic, non-intrusive monitoring to check if person entering does have a high fever or not. Market expansion would be aided by increasing demand for thermal cameras from the automotive & medical industries. The usage of thermal cameras in the automotive sector helps drivers see in dimly lit & inclement weather, minimizing accidents and upholding safety. The automotive sector is collaborating with thermal imaging solution suppliers to develop cutting-edge thermal imaging technologies. For instance, the Viper thermal detection camera was developed in conjunction with Magnetic Marely, an Italian developer and producer of high-tech automobile components. Thermal imaging technology is also utilised for non-destructive inspection of automobile parts including tyres and brakes as well as micro-components to guarantee vehicle safety while saving time & money. Growing automotive Industry: The automobile sector has been going through a lot of changes as it tries to meet the difficulties & evolving market needs. A MMR research claims that by FY26, sales of used cars would reach 8.3 Mn units, growing at a strong CAGR of 11%. A few years ago, used car sales surpassed new car sales, but the global chip shortage, the lengthy wait time, & the pandemic wave have hastened this trend. The industry has also noticed a shift in consumer purchasing habits, as evidenced by the fact that used car sales have outpaced new car sales in some situations and broken new records overall. Increased use of digital transactions: In the near future, the automobile industry will continue to develop through new technologies as digital car sales climb. Today's automobile buyers don't want to go through the same drawn-out, disjointed procedure that required a tonne of documentation in the past. However, the entry of digital businesses has caused the market to become more organized & professional, boosting their clients' level of confidence & transparency and enabling them to complete transactions more quickly. Strategies for effective digital marketing: Utilizing the possibilities of digital marketing & implementing cutting-edge tactics are essential for success in the fiercely competitive automotive business. Today's consumers acquire all of their knowledge online, thus digital has a significant impact on how they make decisions. On social media sites like Twitter, LinkedIn, Facebook, and their own websites, automakers and other industry participants are already creating creative online marketing campaigns. Some of the most important marketing techniques include developing and disseminating digital content, concentrating on mobile apps and devices, and utilizing social media. Some of the major developments in the medical sector for 2022 & beyond are as follows: In the medical field, (IRT) has been used to successfully identify peripheral vascular disorders, diabetic neuropathy, and breast cancer. The infrared energy of objects is detected and measured using an infrared camera in gynecology, neonatology, cardiology, fever screening, brain imaging, and kidney transplantation (also known as a thermal imager). In order to display the apparent surface temperature of the object being measured, the camera converts the infrared data into an electronic image of the subject. The market growth may be hampered by restrictions imposed by various governments on thermal cameras. Restrictions imposed on vendors & makers of thermal cameras by several countries, including the U.S., could impede the market's progress. High maintenance and capital costs are also expected to limit market expansion. The use of infrared cameras necessitates expensive sensors, increasing the cost of the final good and limiting market growth. Thermal fluctuations are measured using infrared cameras. The difficulty of infrared cameras to distinguish between objects with comparable temperatures usually leads to inaccurate readings. The thermal camera has a defect that makes it difficult to interpret photos of objects with changing temperatures. Accurate temperature measurement is challenging because of surface reflections & emissivity differences. Thermal imaging cameras are not utilised to examine submerged things. Technical Advances and R&D Activities Should Benefit the Thermal Camera Market: The market for thermal imaging cameras has a promising future due to increased R&D spending by the major industry participants & a higher emphasis on implementing ground-breaking technology. The market for thermal cameras is predicted to rise in revenue as surveillance technologies advance and the security & surveillance sector grows. The market for thermal imaging cameras will increase as thermal imaging technology is employed more commonly for perimeter security and as the cost of thermal imaging equipment decreases. The market for thermal cameras is anticipated to increase as thermal imaging becomes more widely accepted in the automotive industry and as supportive government legislation and efforts.

Thermal Camera Market Segment Analysis:

Based on type, Thermal Camera Market is segmented into cooled IR detectors and un-cooled IR detectors. Cooled IR detectors can detect even the tiniest changes in temperature, the cooled sector have a large market share of 56.2 % in the year 2020. Uncooled thermal imaging has the potential to develop during the forecast period due to its low-cost devices utilized in monitoring. These uncooled segments can be employed for applications that require a closer monitoring range of 5 km. In comparison to the Cooled section, it is also less expensive. The components are also simple to manufacture and may be completed in fewer steps, accelerating acceptance. Thermal Camera Market Based on mobility, the Thermal Camera market is segmented into handheld and fixed/mounted. In the forecast period, the handheld segment is expected to rise at a faster rate owing to its portability and ease of use characteristics. The handheld segment is further segmented into thermal weapon sight, handheld surveillance sight, and others. Perfect Prime's IR0280H, the world's first handheld thermal camera, accurately detects fever and maintains high accuracy up to 2.5 meters away. The fixed/mounted segment holds the largest market share thanks to the rising demand for fixed security cameras for surveillance. The need for the person to scan and detect is eliminated by a fixed/mounted segment. Fluke Corporation introduced the Fluke TiS60+, a thermal imaging camera for inspection and analysis applications, in December 2019. Commercial, HVAC (heating, ventilation, air conditioning, and refrigeration), and maintenance technicians will benefit from the product. Based on application, Thermal Camera market is segmented into Fault Detection, Building Inspection, Medical, Defense & Military, Industrial Process, Meteorology, and Others. The industrial process and defense are expected to grow at a moderate rate in 2020-2027. FLIR Systems, Inc. released the FLIR A8580 series thermal cameras in February 2020 for military, research, and other uses. In defense and military thermal cameras are often used for border surveillance and law enforcement. Thermal cameras can assist border guards in meeting the demands they face at night and in other low-light circumstances. It can identify a human-sized target from a distance of over 2 km. Thermal Camera Market

Thermal Camera Market Regional Insights:

Thanks to increasing manufacturers, providers, and R&D centers, North America will dominate the market over the anticipated period, with a 35.5% share in 2021. The US Army awarded Leonardo DRS a contract in October 2019 to provide advanced thermal imagery technology (TS III) for the army's remote combat vehicle weapon stations. Harris Corporation (Florida, US) and L3 Technologies (New York) joined in June 2019 to establish L3HARRIS TECHNOLOGIES, INC., a new military technology firm. This is one of the largest military industry mergers ever. The combination was made to serve a variety of businesses, gain market share, and expand the global client base. APAC has a big opportunity during this time due to military expenditures and their impact on the market. China is one country that is boosting its military spending, which is fuelling the market growth. Europe is seeing an increase in demand for products such as security and surveillance applications, as well as significant expenditures in innovative solutions. FLIR is the leading manufacturer of thermal cameras in the world. The report's objective is to provide key industry players with a thorough insight of the global Thermal Camera Market. The research analyses complex data in plain terms & presents the historical & current state of the industry together with expected market size and trends. The analysis analyses important companies, including market leaders, followers, and new entries, in detail and covers all areas of the industry. The research includes a PORTER, PESTEL analysis with the probable influence of market micro-economic aspects. Analysis of both internal & external variables that are thought to have an impact on the company either favorably or unfavorably has been done in order to provide decision-makers with a clear futuristic vision of the sector. The reports also help in understanding the Thermal Camera Market dynamic, & structure by analyzing the market segments and projecting the Thermal Camera Market size. Clear representation of competitive analysis of key players by Design, price, financial position, Type portfolio, growth strategies, and regional presence in the Thermal Camera Market make the report investor’s guide.

Thermal Camera Market Scope: Inquire before buying

Global Thermal Camera Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 3.33 Bn.
Forecast Period 2022 to 2029 CAGR: 5.68% Market Size in 2029: US$ 5.18 Bn.
Segments Covered: by Type • Cooled IR detectors • Un-cooled IR detectors
by Application • Building Inspection • Medical • Defense & Military • Industrial Process • Others
by Mobility • Handheld • Fixed/mounted

Thermal Camera Market by Region:

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Thermal Camera Market Key Players:

• Fluke Corporation • FLIR Systems Inc • Seek Thermal • Axis Communications AB • InfraTec GmbH • Opgal Optronic Industries Ltd • PCE Instruments • Jenoptik AG • Mobotix AG • LumaSense Technologies Inc • Optris GmbH • Ulirvision Technology Co Ltd • DIAS Infrared GmbH • HikVision Digital Technology Co • Bullit Mobile Ltd • Micro-Epsilon • 3M Scott. Frequently Asked Questions: 1. What is the study period of the market? Ans. The Global Thermal Camera Market is studied from 2017-2029. 2. What is the growth rate of Thermal Camera Market? Ans. The Global Thermal Camera Market is growing at a CAGR of 5.68% over forecast period. 3. Which region has largest share in The Global Thermal Camera Market? Ans. North America holds the largest share. 4. What is the Global Thermal Camera Market segment based on Application? Ans. Based on Application market is segmented by Large Fault Detection Building Inspection, Medical, Defense & Military, Industrial Process, Meteorology Others 5. Who are the key players in the Global Thermal Camera Market? Ans. The key players in the Global Thermal Camera Market are Fluke Corporation FLIR Systems Inc, Seek Thermal, Axis Communications AB, InfraTec GmbH, Opgal Optronic Industries Ltd, PCE Instruments, Jenoptik AG, Mobotix AG, LumaSense Technologies Inc, Optris GmbH, Ulirvision Technology Co Ltd, DIAS Infrared GmbH, HikVision Digital Technology Co, Bullit Mobile Ltd, Micro-Epsilon, 3M Scott.
1. Global Thermal Camera Size: Research Methodology 2. Global Thermal Camera Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Thermal Camera Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Thermal Camera Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Thermal Camera Size (Value & Volume) Segmentation 4.1. Global Thermal Camera Size, by Type (2021-2029) • cooled IR detectors • un-cooled IR detectors 4.2. Global Thermal Camera Size, by Application (2021-2029) • Building Inspection • Medical • Defense & Military • Industrial Process • Others 4.3. Global Thermal Camera Size, by Mobility (2021-2029) • Handheld • Fixed/mounted 5. North America Thermal Camera size (Value & Volume) (2021-2029) 5.1. North America Thermal Camera Size, by Type (2021-2029) • cooled IR detectors • un-cooled IR detectors 5.2. North America Thermal Camera Size, by Application (2021-2029) • Building Inspection • Medical • Defense & Military • Industrial Process • Others 5.3. North America Thermal Camera Size, by Mobility (2021-2029) • Handheld • Fixed/mounted 5.4. North America Thermal Camera, by Country (2021-2029) • United States • Canada • Mexico 6. European Thermal Camera Size (Value & Volume) (2021-2029) 6.1. European Thermal Camera, by Type (2021-2029) 6.2. European Thermal Camera, by Application (2021-2029) 6.3. European Thermal Camera Size, by Mobility (2021-2029) 6.4. European Thermal Camera, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Thermal Camera Size (Value & Volume) (2021-2029) 7.1. Asia Pacific Thermal Camera, by Type (2021-2029) 7.2. Asia Pacific Thermal Camera, by Application (2021-2029) 7.3. Asia Pacific Thermal Camera Size, by Mobility (2021-2029) 7.4. Asia Pacific Thermal Camera, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Thermal Camera Size (Value & Volume) (2021-2029) 8.1. The Middle East and Africa Thermal Camera, by Type (2021-2029) 8.2. The Middle East and Africa Thermal Camera, by Application (2021-2029) 8.3. The Middle East and Africa Thermal Camera Size, by Mobility (2021-2029) 8.4. The Middle East and Africa Thermal Camera, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Thermal Camera Size (Value & Volume) (2021-2029) 9.1. South America Thermal Camera, by Type (2021-2029) 9.2. South America Thermal Camera, by Application (2021-2029) 9.3. South America Thermal Camera Size, by Mobility (2021-2029) 9.4. South America Thermal Camera, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Fluke Corporation. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. FLIR Systems Inc 10.3. Seek Thermal 10.4. Axis Communications AB 10.5. InfraTec GmbH 10.6. Opgal Optronic Industries Ltd 10.7. PCE Instruments 10.8. Jenoptik AG 10.9. Mobotix AG 10.10. LumaSense Technologies Inc 10.11. Optris GmbH 10.12. Ulirvision Technology Co Ltd 10.13. DIAS Infrared GmbH 10.14. HikVision Digital Technology Co 10.15. Bullit Mobile Ltd 10.16. Micro-Epsilon 10.17. 3M Scott

About This Report

Report ID 122273
Category Electronics
Published Date Aug 2022
Updated Date
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