Thermal Camera Market

Thermal camera is basically a type of thermo graphic camera which is being used in firefighting operations. Firefighters are able to see areas of heat through heat-permeable barriers, darkness, or smoke using these cameras. The thermal cameras are constructed using water and heat resistant housings, and ruggedized to endure the dangers of fire ground operations.

In recent years, an increasing number of consumers have turned toward thermal cameras to assist them in operating in darkness. Use of thermal cameras for nighttime hunting, photography, personal security, and fishing has become commonplace. The growing trend of adoption of thermal technology for hunting, photography, and fishing is expected to create new growth opportunities for the global thermal camera market during the forecast period. Moreover, military & defense organizations are strengthening their night vision capabilities in order to enhance their situational awareness and maneuverability of soldiers by improving on a legacy system. In addition, in different countries across the world, government organizations are upgrading their existing weapons and devices in order to enhance navigation and targeting and surveillance capabilities of the military.

Increasing terror threats in different countries is expected to be a major factor in boosting the thermal camera market during the forecast period. Automotive safety systems have become sophisticated, efficient, and advanced over the last few years. Growing focus and stringent government rules and regulations about vehicle driving and consumers focus toward safety features of their vehicles are major driving factors for the automotive safety system industry.

However, the cost of regular maintenance of thermal cameras is very high. This factor acts as an inhibiting factor for the growth of the global thermal camera market.

The global thermal camera market can be segmented into type, mounting type, application, end-use industry, and geography. The type segment can be categorized into cooled and uncooled. On the basis of mounting type, the market can be segregated into handheld thermal camera and helmet mounted thermal camera. Based on application, the global thermal camera market can be segmented into wild life observation, hunting, navigation, inspection & monitoring, security & surveillance, and others. Furthermore, by end-use industry, the market can be segmented into aerospace & defense, oil & gas, marine, utilities, law enforcement, automotive, and others. The geographical segment can be bifurcated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Among all the reasons, North America is expected to hold the maximum market share during the forecast period, owing to the early penetration of the technology in this region. South America and MEA hold minor market share each. However, these regions are projected to provide growth opportunities to the thermal camera market during the forecast period. While, Asia Pacific is expected to expand at a high CAGR during the forecast period, owing to the development of infrastructure, economic growth, large population, and increase in urbanization and industrialization. Moreover, Asia Pacific offers growth opportunities to the thermal camera market, primarily due to constant upgrade in technology and increase in the use of thermal cameras for military and commercial applications in the region.

Some of the emerging players involved in global thermal camera market include Synectics plc, FLIR Systems, Inc., Opgal, Fluke Corporation, Seek Thermal, Thermoteknix Systems Ltd ., InfraTec GmbH Infrarotsensorik und Messtechnik, SATIR, Bullard, and Cox.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.