Global Thermal Camera Market Analysis, Trends, and Industry Size will grow with a CAGR of 7.20% by 2032
Research Reports
Oct 09, 2023
The Thermal Camera Market is expected to grow rapidly in the coming years. The proliferation of automated driving and rising demand from all major industries would drive the thermal camera market growth. Market Research Future (MRFR) asserts that the global thermal camera market will escalate from USD 4.50 BN in 2022 to USD 8.41 BN by 2032, growing at a 7.20% CAGR during the review period (2023-2032).
Compact and rugged thermal cameras designed for industrial purposes witness vast demand. Additionally, the increasing adoption of laser ranger-assisted ultra-focus systems by professional users pushes the thermal camera market value. Also, the growing uptake of thermal cameras in industries such as automotive, law enforcement, and medical boosts the market share.
Besides, rapid developments in thermal imaging and rising uses in the defense, homeland security, medical, and commercial markets boost the thermal camera market size. Thermal imaging technology can detect objects ordinary cameras might not see, address blind spots, and enhance assisted driving systems capabilities. High-quality, lightning-speed images of these cameras make them highly adaptable for demanding working environments, such as electric utilities, petrochemical industries, and metallurgy.
Key Players
Active thermal camera market players are
- Axis Communications AB
- Teledyne FLIR LLC
- Seek Thermal
- Jenoptik AG
- Opgal Optronic Industries Ltd.
- Fluke Corporation
- LumaSense Technologies Inc.
- PCE Instruments
- Mobotix AG
- Spectronic Plc.
- Optris GmbH
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Global Thermal Camera Market – Segments
The market is segmented into types, mobility, applications, and regions. The type segment comprises cooled IR detectors, uncooled IR detectors, and others. The mobility segment comprises handheld fixed and handheld mounted. The application segment comprises building inspection, fault detection, law enforcement, medical, industrial process, astronomy, meteorology, and others. The region segment comprises the Americas, Europe, Asia-Pacific, and the rest of the world.
Global Thermal Camera Market – Geographical Analysis
North America dominates the global thermal camera market, headed by the strong presence of established players and well-established technology development centers. Besides, the increased adoption of thermal cameras in automotive, medical, and manufacturing sectors for fault detection & diagnostics, heat dissipation detection, and meteorology applications.
Rising uses of AI-integrated thermal cameras in surveillance systems and retail & law enforcement industries offer significant market opportunities. Vast adoption among top security service providers and increasing demand for AI-based camera solutions for smart motion detection, the TIoC range, and the latest technology influence market growth.
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Global Thermal Camera Market – Competitive Landscape
The thermal camera market appears widely expanded and highly competitive due to numerous major players operating at the international and regional levels worldwide. The market will likely witness fierce competition, with the expected product, service, and innovation extensions. Thermal camera manufacturers strive to develop their devices with adept technologies and unrivaled designs & features.
Industry/ Innovation/ Related News
Sept. 14, 2023 — BAE Systems, Inc. introduced enhanced features for its TWV640 thermal camera core. These enhanced capabilities are designed for thermal imaging solutions makers catering to defense, space, and commercial markets. The TWV640 thermal camera technology is used in security and surveillance, firefighting vision systems, automotive cameras, and more.
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