Press release
Thermal Camera Market Forecast 2024-2030: Applications, Innovations, and Imaging Trends
Thermal Camera Market
In a groundbreaking development, the global Thermal Camera Market is on a trajectory to reach a staggering USD 6.21 billion by 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 6.1%. This surge follows a significant valuation of USD 3.67 billion in 2023, as reported in the latest industry analysis.
Thermal Camera Market Overview:
MMR published the Thermal Camera market report. The report analyses the Thermal Camera market growth during the forecast period of 2024-2030. The report also insights into market value, growth rate, market segments, geographical coverage, market players and their recent developments.
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Thermal Camera Market Report Scope and Research Methodology:
The Thermal Camera market report covers an in-depth analysis of key developments, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. The report is based on primary and secondary research methodologies and provides a comprehensive analysis of the global alginates & derivatives market.
Thermal Camera Market Segmentation:
By Type
Cooled IR detectors
Un-cooled IR detectors
The Thermal Camera Market is divided into two categories based on type: cooled and uncooled infrared detectors. Even the smallest temperature variations may be detected by cooled infrared detectors, which will hold a sizable market share of 56.2% in 2023. Because uncooled thermal imaging uses inexpensive monitoring devices, it has the potential to grow during the forecast period. Applications needing a 5 km tighter monitoring range can use these uncooled segments. It costs less as well, as compared to the Cooled portion. Additionally, the parts may be manufactured quickly and easily in fewer steps, which will hasten acceptance.
By Application
Building Inspection
Medical
Defense & Military
Industrial Process
Others
The thermal camera market is divided into several segments based on the applications they are used for: fault detection, building inspection, medical, defence & military, industrial process, meteorology, and others. In the years 2023-2030, moderate growth rates are anticipated for the defence and industrial processes. In February 2023, FLIR Systems, Inc. announced the FLIR A8580 series thermal cameras for use in research, the military, and other applications. Thermal cameras are frequently utilised in the military and defence sector for law enforcement and border monitoring. The demands border guards face at night and in other low-light situations can be met with the help of thermal cameras. It can detect a human-sized target more than two kilometres away.
By Mobility
Handheld
Fixed/mounted
The thermal camera market is divided into two segments based on mobility: handheld and fixed/mounted. Because of its portability and ease of use, the handheld sector is anticipated to grow at a quicker rate throughout the projected period. Thermal weapon sight, handheld surveillance sight, and other categories are further subdivided within the handheld section. The first handheld thermal camera in the world, Perfect Prime's IR0280H, can detect fever with great accuracy up to 2.5 metres away. Because there is a growing need for permanent security cameras for monitoring, the fixed/mounted sector has the biggest market share.
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Thermal Camera Market Key Players are:
North America
1. Fluke Corporation (USA)
2. FLIR Systems Inc (USA)
3. LumaSense Technologies Inc (USA)
4. 3M Scott (USA)
Europe
1. Axis Communications AB (Sweden)
2. InfraTec GmbH (Germany)
3. Jenoptik AG (Germany)
4. Mobotix AG (Germany)
5. Optris GmbH (Germany)
6. Ulirvision Technology Co Ltd (Germany)
7. DIAS Infrared GmbH (Germany)
8. Bullit Mobile Ltd (United Kingdom)
9. Micro-Epsilon (Germany)
Asia-Pacific
1. Seek Thermal (USA, but manufacturing facilities in Asia)
2. Opgal Optronic Industries Ltd (Israel)
3. HikVision Digital Technology Co (China)
Key questions answered in Thermal Camera Market are:
What is the expected Thermal Camera market size by 2030?
What is the growth rate of the Thermal Camera Market?
Which are the factors expected to drive the Thermal Camera market growth?
Which segment dominated the Thermal Camera market growth?
Which region held the largest share in the Thermal Camera market?
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Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Thermal Camera Market Regional Insights:
The report provides insights into the Thermal Camera market across regions, including North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The Asia Pacific region is expected to lead the Thermal Camera market due to the growing demand for Thermal Camera in various applications, particularly in China, Japan, and India.
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