About Handheld Thermal Imaging Equipment
Handheld thermal imaging equipment gives a tactical advantage in the field, providing clear images in total darkness. Further, the advent of smartphones as a cost-effective hand-held/portable thermal imaging devices is expected to increase the adoption of technology. Handheld thermal imaging is popularly used by the army and navy for border surveillance and law enforcement. It is also used in ship collision avoidance and guidance systems. In the aviation industry, it has greatly mitigated the risks of flying in low light and night conditions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Flir Systems (United States), BAE Systems (United Kingdom), Leonardo DRS (United States), Raytheon (United States), Danaher (United States), L3 Technologies (United States), Thales (France), American Technologies Network (United States), Thermoteknix Systems (United Kingdom) and Ideal Industries (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Elbit Systems (Isreal).
Segmentation Overview
AMA Research has segmented the market of Global Handheld Thermal Imaging Equipment market by Type (Cameras, Modules and Scopes), Application (Defence, Fire Department, Local Securities, Manufacturing, Retail and Health Care) and Region.
On the basis of geography, the market of Handheld Thermal Imaging Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Handheld Thermal Imaging Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Defence Expenditures across the globe and Many technological advancements are first tried out by the army
Market Growth Drivers:
Increasing Application Across Various Sectors and High adoption due to use in ship collision avoidance and guidance systems
Challenges:
the export restrictions and additional detailing required for longwave infrared cameras
Restraints:
The concern related to higher device cost
Opportunities:
Increasing demand from developing countries such as China, India and India is also witnessing the advent of advanced technology startups in the defense sector. The company, Tonbo Imaging, is developing a lightweight thermal imaging device called ‘Cobra’ and a dual-sensor thermal weapon named ‘Arjun’.These are incorporated with an inbuilt wireless video interface.
Market Leaders and their expansionary development strategies
April 2019 - FLIR announced its new product for public safety applications, the FLIR K1 handheld thermal imaging camera (TIC). The company claimed the equipment to be FLIR’s most affordable(USD 599) TIC for first responder officers and fire investigators, as these are designed to provide visibility through smoke in wildland fire control, search and rescue missions, structure damage evaluation, and investigative work.
January 2019 - FLIR, at the SHOT Show 2019, introduced Scion Professional Thermal Monocular(PTM) for public safety professionals. This equipment will replace the FLIR H-Series monocular thermal cameras
Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.