The global thermal imaging market size was USD 3.85 Billion in 2022 and is expected to register a steady revenue CAGR of 7.3% during the forecast period, according to the latest analysis by Emergen Research. Rising usage of thermal cameras for border surveillance is a key factor driving market revenue growth. Thermal Imaging technology is a method of enhancing object’s visibility in a totally dark environment by detection of infrared radiation emitted by an object and interpreting these radiations to create a visible pattern. In addition, increasing use of advanced thermal imaging cameras in military and defense sectors to meet demand for combat operations and night patrolling is also expected to drive revenue growth of the market. These cameras are capable of recognizing things at a very long distance, even in bad weather. Equipment including binoculars, monoculars, military vehicles utilized for perimeter surveillance, and remotely operated turrets are all employed in border surveillance. Businesses are fever screening tools to protect employees and consumers from infections. For instance, in April 2020, Amazon deployed thermal cameras with this technology in six of its U.S. facilities in Seattle and Los Angeles to monitor health of its employees.
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Thermal Imaging products is expected to drive the demand for Thermal Imaging, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market. Tools such as Porter’s Five Forces Analysis, SWOT analysis, feasibility analysis, and investment return analysis are used to analyze their growth patterns and market scope for the forecast period of 2020-2027.
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The leading market contenders listed in the report are:
Fluke Corporation, Raytheon Technologies, FLIR Systems, Leonardo SPA, BAE Systems, Xenics, L3Harris Technologies, Axis Communication, Lynred, Infratec
Key reasons to buy the Global Thermal Imaging Market report:
- The latest report comprehensively studies the global Thermal Imaging market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Thermal Imaging Market
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Type Outlook (Revenue, USD Billion; 2019–2032)
- Handheld Cameras
- Fixed Cameras
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Product Outlook (Revenue, USD Billion; 2019–2032)
- Thermal Cameras
- Thermal Modules
- Thermal Scopes
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Application Outlook (Revenue, USD Billion; 2019–2032)
- Monitoring & Inspection
- Security & Surveillance
- Detection & Measurement
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Regional Outlook of the Thermal Imaging Market
The global Thermal Imaging market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Thermal Imaging market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Thermal Imaging Market report:
- The latest report comprehensively studies the global Thermal Imaging market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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