About Thermal Camera
A thermal camera consists of various components includes optic system, amplifier, signal processing, detector and display. The technique of improving visibility and clarity of objects even in dark by identifying an object or a picture using infrared light is termed as thermal imaging. The growth in the deployment of the thermal camera in various devices such as CCTV camera, Smartphones and others will boost the growth of the very market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Thermal Camera market throughout the forecasted period. Established and emerging Vendors 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), FLUKE (United States), Optris (Germany), Infrared Cameras Inc (United States), FluxData Inc(HAlma) (United States), InfraTec GmbH (Germany), Testo (Germany), Keysight Technologies (United States), CorDEX (United Kingdom), IRCameras (United States), Hikvision (China) and Axis Communications (Sweden) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Thermal Camera market by Type (Short-wave Length Camera, Mid-wave Length Camera and Long-wave Length Camera), Application (Security & Surveillance, Thermography, Consumer Electronics, Transportation and Other) and Region.
On the basis of geography, the market of Thermal Camera 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). If we see Market by Industry Vertical, the sub-segment i.e. Aerospace & Defense will boost the Thermal Camera market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Reduction in Price of Thermal Imaging Products, Increasing Adoption of Thermal Imaging in Perimeter Security and Penetration in Machine Vision-Based Applications
Challenges:
Lack of Awareness About Benefits of Thermographic Inspection
Restraints:
Export Restrictions and Longwave Infrared Cameras Require Additional Cameras for Better Detailing
Opportunities:
Thermal Imaging Technology in ADAS and Miniaturization of Camera Cores to Penetrate New Application Areas
Market Leaders and their expansionary development strategies
In October 2023, SportsMap Tech Acquisition filed a preliminary proxy outlining its proposed merger with Infrared Cameras Holdings, a provider of intelligent thermal imaging platforms. This acquisition expand the product portfolio
In Mar 2019, FLIR Systems Inc. announced the acquisition of Endeavor Robotic Holdings Inc., a leading developer of battle-tested and tactical unmanned ground vehicles (UGVs) for the global military, public safety, and critical infrastructure markets.
Key Target Audience
Thermal Camera Manufacturers, Electronics and semiconductor companies, Distributors/Suppliers of Thermal Camera, End-User 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.