The growth of the market is primarily driven by the rising demand for advanced Thermal Imaging solutions in end-use verticals such as military and defense, manufacturing, and healthcare & life science. In addition to this, the increasing penetration of advanced driver-assistance systems (ADAS) and growing demand for wireless temperature sensors are expected to boost the growth of the market during the forecast period.
Thermal Imaging Market size is projected to reach USD 4.5 Billion by 2027 from an estimated USD 2.9 Billion in 2020, growing at a CAGR of 6.48% globally.
Thermal Imaging Market Research evaluates micro-markets and looks at the numerous growth patterns, future prospects, and laws that will govern the sector in the next years in a similar way. Researchers have also included a few of the industry's best performers in their calculations of industry shares and core businesses. The study examines technical advancements in the business as well as emerging sectors that might potentially draw significant investment. The study polled Thermal Imaging manufacturers, suppliers, distributors, and industry experts on sales, revenue, demand, price change, product type, current development and plan, market trends, drivers, challenges, barriers, and potential risks in this industry.
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The Major Players In The Thermal Imaging Market Include:
· Lockheed Martin Corporation (US)
· FLIR Systems (US)
· Elbit Systems Ltd. (Israel)
· Testo (Germany)
· Fluke Corporation (US)
· Opgal (Israel)
· Leonardo (Italy)
· L3HARRIS TECHNOLOGIES (US)
· United Technologies (US)
· Axis Communications (Sweden)
· Raytheon Company (US)
· Sofradir Group (US)
· BAE Systems PLC (UK)
· Xenics (Belgium)
· Thermoteknix Systems (UK)
· L-3 Communications Holdings
· Inc. (the US)
· Leonardo DRS (US)
· and others.
The market has segmented the global Thermal Imaging market on the basis of type, application, and region:
By Type:
· Fixed Thermal Cameras
· Handheld Thermal Cameras
By Application:
· Security & Surveillance
· Monitoring & Inspection
· Detection & Measurement
Global Thermal Imaging Market: Regions Covered
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of South America)
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The Thermal Imaging market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Thermal Imaging Market have experienced slowdown the growth, the however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Key Benefits For Stakeholders
· The report provides an extensive analysis of the current and emerging market trends and opportunities in the Thermal Imaging market.
· The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate prevailing market opportunities.
· A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
· An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
· The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
Key Questions Answered in This Report:
· How has the global Thermal Imaging market performed so far and how will it perform in the coming years?
· What has been the impact of COVID-19 on the global Thermal Imaging market?
· What are the key regional markets?
· What is the breakup of the market based on the product type?
· What is the breakup of the market based on the material type?
· What is the breakup of the market based on the price range?
· What is the breakup of the market based on the distribution channel?
· What are the various stages in the value chain of the industry?
· What are the key driving factors and challenges in the industry?
· What is the structure of the global Thermal Imaging market and who are the key players?
· What is the degree of competition in the industry?
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