Global Thermal Imaging Camera Market Overview:
Thermal imaging camera refers to a type of thermographic camera used in firefighting. It consists of a detector, amplifier, optic system, signal processor, and display. It is useful to see adverse condition such as smoke, darkness, and others. Market players are focusing on technological advancement. For instance, FLIR Systems engaged in the design and production of thermal imaging cameras launched FLIR K1 handheld thermal imaging camera (TIC) for first responder officers and fire investigators. It is integrated with a rechargeable battery, 300-lumen flashlight, and FLIR’s patented MSX technology which is used to extract high-contrast details from the images taken by an onboard visible light camera and superimposes them onto the thermal images. Further, machine vision-based applications for thermal imaging camera propelling market growth.
Growth Drivers
- Rising Adoption of Thermal Imaging Camera for Security Purpose
- Development in the Surveillance Camera Technology
Roadblocks
- High Initial Investment Associated With Thermal Imaging Products
Opportunities
- Rising Demand of Thermal Imaging Camera from Commercial Sector
- Increasing Demand from the Developing Countries
Challenges
- Difficult In Interpreting Specific Objects Which Have Erratic Temperatures
Competitive Landscape:
Number of players is presented in the market hence fragmented nature of the market. Rising adoption of thermal imaging cameras by the government agencies owing to rise in security concerns driving the demand of thermal imaging cameras. For instance, Springfield Fire Department which provides fire protection and emergency medical services to the city of Springfield in the United States deploys thermal imaging cameras to find victims in a smoke-filled room, spot fire hidden in a wall which will help to enhance safety for both citizens and firefighters.
Some of the key players profiled in the report are FLIR Systems (United States), Fortive (United States), Axis Communications (Sweden), Leonardo (Italy), BAE Systems (United Kingdom), L3 Technologies (United States), United Technologies (United States), Sofradir (France), Testo (Germany) and Xenics (Belgium). Additionally, following companies can also be profiled that are part of our coverage like Parrot SA (France), Karmiel, NA (Israel) and Seek Thermal (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Thermal Imaging Camera market by 2026. Considering Market by End-User , the sub-segment i.e. Military and Defense will boost the Thermal Imaging Camera market. Considering Market by Component, the sub-segment i.e. Hardware will boost the Thermal Imaging Camera market.
17th April 2019, Parrot launches drone equipped with thermal imaging camera with a new practical function that automatically returns it to its take-off point, and promises wind resistance of up to 50km/h.
What Can be Explored with the Thermal Imaging Camera Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Thermal Imaging Camera Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Thermal Imaging Camera
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Thermal Imaging Camera market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Thermal Imaging Camera market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Companies in the Thermal Imaging Market, Electronics and Semiconductor Companies, Technical Standards Organizations, Investment Communities in the Market, Research Institutes and Organizations, Government and Financial Institutions, Analysts and Strategic Business Planners and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.