Thermal Camera Market: Current Trends and Future Growth

Posted by Kishor on February 28th, 2019

Thermal camera is basically a type of thermo graphic camera which is being used in firefighting operations. Firefighters are able to see areas of heat through heat-permeable barriers, darkness, or smoke using these cameras. The thermal cameras are constructed using water and heat resistant housings, and ruggedized to endure the dangers of fire ground operations.

In recent years, an increasing number of consumers have turned toward thermal cameras to assist them in operating in darkness. Use of thermal cameras for nighttime hunting, photography, personal security, and fishing has become commonplace. The growing trend of adoption of thermal technology for hunting, photography, and fishing is expected to create new growth opportunities for the global thermal camera market during the forecast period. Moreover, military & defense organizations are strengthening their night vision capabilities in order to enhance their situational awareness and maneuverability of soldiers by improving on a legacy system. In addition, in different countries across the world, government organizations are upgrading their existing weapons and devices in order to enhance navigation and targeting and surveillance capabilities of the military.

Increasing terror threats in different countries is expected to be a major factor in boosting the thermal camera market during the forecast period. Automotive safety systems have become sophisticated, efficient, and advanced over the last few years. Growing focus and stringent government rules and regulations about vehicle driving and consumers focus toward safety features of their vehicles are major driving factors for the automotive safety system industry.

However, the cost of regular maintenance of thermal cameras is very high. This factor acts as an inhibiting factor for the growth of the global thermal camera market.

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The global thermal camera market can be segmented into type, mounting type, application, end-use industry, and geography. The type segment can be categorized into cooled and uncooled. On the basis of mounting type, the market can be segregated into handheld thermal camera and helmet mounted thermal camera. Based on application, the global thermal camera market can be segmented into wild life observation, hunting, navigation, inspection & monitoring, security & surveillance, and others. Furthermore, by end-use industry, the market can be segmented into aerospace & defense, oil & gas, marine, utilities, law enforcement, automotive, and others. The geographical segment can be bifurcated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Among all the reasons, North America is expected to hold the maximum market share during the forecast period, owing to the early penetration of the technology in this region. South America and MEA hold minor market share each. However, these regions are projected to provide growth opportunities to the thermal camera market during the forecast period. While, Asia Pacific is expected to expand at a high CAGR during the forecast period, owing to the development of infrastructure, economic growth, large population, and increase in urbanization and industrialization. Moreover, Asia Pacific offers growth opportunities to the thermal camera market, primarily due to constant upgrade in technology and increase in the use of thermal cameras for military and commercial applications in the region.

Some of the emerging players involved in global thermal camera market include Synectics plc, FLIR Systems, Inc., Opgal, Fluke Corporation, Seek Thermal, Thermoteknix Systems Ltd ., InfraTec GmbH Infrarotsensorik und Messtechnik, SATIR, Bullard, and Cox.

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Joined: February 12th, 2019
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