Global Thermal Camera Market

Global Thermal Camera Market Size, Share, Growth Analysis, By Product(Handheld, Mounted), By Technology(Cooled, Uncooled), By Application(Monitoring, Inspection), By End User(Military, Defense) - Industry Forecast 2024-2031

Report ID: SQSG45J2025 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 128 | Figures: 77

Global Thermal Camera Market Regional Insights

The global thermal camera market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America region is expected to account for the largest market. According to our research, North America is expected to dominate this market share due to increased demand for thermal imaging technologies in the manufacturing and commercial sectors. Furthermore, rising demand for these cameras for security and surveillance purposes in the military and defence sectors is expected to boost rugged thermal camera market growth in region. The implementation of IoT and advanced thermal imaging solutions is taking longer than expected, with semiconductor companies assisting in driving progress across emerging imaging technologies. Developers and business leaders in the region are focused on the thermal technology's technical potential, including the ability to capture and interpret large amounts of industrial data that could contribute to industrial safety and compliance management while improving protection and financial returns.

Europe has the world's second-largest market share. Rising demand for defence and monitoring is expected to drive growth in this region. The gradual decline in the prices of thermal cameras, as well as the availability of low-cost thermal sensors, has also been a major driving factor for demand in this region. Due to the intensification of border disputes between countries such as India and China, the Asia-Pacific market is expected to grow at a rapid pace. These conflicts force countries to increase military spending and equip their armed forces with advanced surveillance technologies such as thermal cameras.

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FAQs

Global Thermal Camera Market size was valued at USD 3.5 billion in 2019 and is poised to grow from USD 4.18 billion in 2023 to USD 7.49 billion by 2031, growing at a CAGR of 10% in the forecast period (2024-2031).

The market is moderately consolidated, with a significant number of regional and global players. The market's major players are attempting to increase their market share through product innovation. These companies are focusing on new product launches as well as mergers and acquisitions to strengthen their global market presence. For Instance, FLIR Systems, unveiled its new advanced thermal imaging cameras, the E96, E86, E76, and E54, in October 2020, with improved thermal resolutions over their predecessors. These thermal cameras were created to provide vibrant, easy-to-read images, as well as on-camera routing capability to improve field survey efficiency. 'FLIR Systems', 'Axis Communications AB', 'Seek Thermal', 'Thermoteknix Systems Ltd.', 'Opgal Optronic Industries Ltd.', 'Fluke Corporation', 'Infrared Cameras Inc.', 'Jenoptik AG', 'Leonardo S.p.A.', 'Testo SE & Co. KGaA', 'L3Harris Technologies, Inc.', 'Tonbo Imaging', 'Xenics NV', 'InfraTec GmbH Infrarotsensorik und Messtechnik', 'Raptor Photonics Ltd.', 'ULIS', 'Wuhan Guide Infrared Co., Ltd.', 'SATIR Europe (Ireland) Ltd.', 'Sierra Olympic Technologies, Inc.', 'Princeton Infrared Technologies, Inc.'

Thermal cameras can be used in a wide range of automotive testing applications, from computer architecture and vehicle thermal control to break, tyre, and engine monitoring, as well as testing of next-generation internal combustion and electric propulsion. As thermal imaging technology becomes more compact, affordable, and advanced, the use of these cameras will increase to meet the industry's growing demands. As the automotive industry evolves and expands, new thermal imaging technologies and specifications are being developed, and key players are continuing to build products and solutions to meet these ever-growing industry needs.

Thermal cameras can be used in a variety of applications to detect temperature accurately. Their popularity is growing due to features such as detecting false alarms and saving both time and resources to reduce overall ownership costs (TCO). Due to their broader detection capabilities, these devices reduce the need for multiple cameras, as a single thermal camera can cover large areas and protect the entire perimeter. They can also capture heat-based images of people and objects. This means they can see a clear image of a potential threat even in low-vision areas.

The global thermal camera market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America region is expected to account for the largest market. According to our research, North America is expected to dominate this market share due to increased demand for thermal imaging technologies in the manufacturing and commercial sectors. Furthermore, rising demand for these cameras for security and surveillance purposes in the military and defence sectors is expected to boost rugged thermal camera market growth in region. The implementation of IoT and advanced thermal imaging solutions is taking longer than expected, with semiconductor companies assisting in driving progress across emerging imaging technologies. Developers and business leaders in the region are focused on the thermal technology's technical potential, including the ability to capture and interpret large amounts of industrial data that could contribute to industrial safety and compliance management while improving protection and financial returns.

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