Industry Background:
Thermal imaging is a method of improving the visibility & clarity of objects in a dark environment using infrared radiation. Decreasing the price of thermal imaging products, increasing adoption for the perimeter security system, and the emergence of machine vision-based applications are the major driving factors of the market. Moreover, increasing demand for advanced security solutions across numerous commercial applications expected to fuel market growth during the forecasted period.
This growth is primarily driven by Growing Adoption of Thermal Imaging in Perimeter Security System and Decreasing Price of Thermal Imaging Products.
Globally, a noticeable market trend is evident Emergence of Machine Vision-Based Applications
. Major Vendors, such as 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), Xenics (Belgium) and Seek Thermal (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
9th April 2019, FLIR Systems, Inc. launched the handheld thermal imaging camera, FLIR K1 for first responder officers and fire investigators.
Market Drivers
- Growing Adoption of Thermal Imaging in Perimeter Security System
- Decreasing Price of Thermal Imaging Products
Market Trend
- Emergence of Machine Vision-Based Applications
- Rising Demand for Security and Surveillance Applications
Restraints
- Shipping & Export Restrictions on Thermal Imaging Products
Opportunities
Emergence of Thermal Imaging Technology in Advanced Driver-Assistance Systems (ADAS) and Growing Demand for Thermal Cameras in the Automotive and Military Sector
Challenges
Lack of Awareness about Thermal Imaging Products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Thermal Imaging Study Sheds Light on
The Thermal Imaging Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Thermal Imaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Thermal Imaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.