Thermal Imaging Camera Market Present Scenario and Growth Prospects 2021 - 2030

Thermal Imaging Camera Market Expected to Reach $7.49 Billion by 2030

WILMINGTON, DELAWARE, UNITED STATES, June 4, 2024 /EINPresswire.com/ -- The global thermal imaging camera market share is expected to witness exponential growth, owing to an increase in awareness about the advantages offered by these cameras in different industry verticals. Moreover, the surge in investments from governments of various countries to adopt this technology is expected to augment the market growth during the forecast period. Allied Market Research, titled, “Thermal Imaging Camera Market Type, Application, Industry Vertical, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global thermal imaging camera industry size was valued at $3.16 billion in 2020, and is projected to reach $7.49 billion by 2030, registering a CAGR of 10.0% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/A12433

A thermal imaging camera works by detecting and measuring the infrared radiation emanating from the objects, which is then converted into electrical signals that further form an image. This image created is interpreted to find the hot spots. These hot spots indicate high-temperature zones that may fail the machine or object. Thermal imaging cameras work flawlessly in both daytime and nighttime. These cameras have a wide range of applications, including drones, wildlife, fire detection, marine, surveillance, and industrial.

Increase in the use of thermal imaging cameras for security & surveillance, the benefit of cost-effective preventive maintenance using thermal cameras, the substantial rate of adoption of thermal cameras in the manufacturing sector to ensure quality, and the rise in investments for the deployment of thermal imaging cameras by the government of different countries are some of the factors that drive the thermal imaging camera market growth. However, high capital and maintenance costs are acting as restraints and hamper early adoption in developing countries. Furthermore, thermal imaging cameras are gaining high traction in the commercial sector, which is expected to provide lucrative opportunities for the global thermal imaging camera industry during the forecast period.

The camera segment dominated the thermal imaging camera market share in 2020, owing surge in demand for thermal cameras with the outbreak of the COVID-19 pandemic. The uncooled segment garnered significant market share in 2020, owing to its lower cost and wide range of product offerings. Security & surveillance had a prominent market share in 2020, due to greater demand for high-end security devices across various sectors. The aerospace & defense segment was the highest contributor to the market in 2020. The industrial and commercial sectors collectively accounted for around 40.0% thermal imaging camera market share in 2020, owing to the surge in cloud-based solutions that fuel the growth of the smart camera segment. By sales channel, the direct segment dominated the market, as customers directly placed their orders for thermal cameras according to their requirements, thereby allowing customization of the customers.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A12433

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Thermal Imaging Camera industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐓𝐡𝐞𝐫𝐦𝐚𝐥 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐂𝐚𝐦𝐞𝐫𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

Bullard
Cox
Fluke Corporation
InfraTec GmbH Infrarotsensorik und Messtechnik
Opgal
SATIR
Seek Thermal
Synectics plc
Teledyne FLIR LLC

The sudden outbreak of the COVID-19 pandemic has forced industries to adopt advanced safety and health protection measures. Thermal imaging has been a preferred potent, cost-effective measure to safeguard workplace safety and inhibit further spreading of the virus. Thermal imaging cameras have now become an indispensable part of a surveillance equipment system for any business. Consequently, the emergence of the COVID-19 pandemic has fueled the thermal imaging camera market growth during the forecast period.

Region-wise, North America is a key contributor to the global thermal imaging camera market revenue. This is attributed to amplified spending on armed forces in the U.S. This increased spending is aimed at equipping the armed forces with advanced military gear, including these cameras, to efficiently conduct surveillance and security operations. Moreover, the region has major players offering advanced solutions.

This is attributed to the extensive adoption of advanced technology by the region, which is expected to propel the market growth.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A12433

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

- In 2020, the uncooled segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 8.1% during the forecast period.
- Industrial and aerospace & defense together accounted for around 50.0% of the global thermal imaging camera market share in 2020.
- The monitoring & inspection of the global market is projected to grow at a CAGR of 9.9% during the forecast period.
- Asia-Pacific contributed a major share of the global thermal imaging camera market, accounting for more than 45.0% share in 2020.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
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