In recent times, a gradual decrease in the cost of thermal cameras has been driving the market. Moreover, the deployment of thermal cameras in devices including CCTV camera, and smart phones among others would also contribute to the development of the industry further and increase the adoption rate. However, lack of awareness and low adoption rate in certain segment acts as a major hindrance in the progress of this industry. Due to its capability of identifying temperature differences, the application of thermal imaging camera in a range of sectors such as aerospace, automotive, military and other would create greater opportunities.
There market is segmented in terms of solution, applications, industry as well as regions. In terms of solution, the market is segmented into hardware, software and services. The major applications of the thermal imaging market covered in the report consists of surveillance, surveys, personal vision, firefighting, commercial and residential security and others. The end customers served by the industry consists of military and defense, and commercial users. Regions served by the industry consist of North America, APAC, Europe, and LAMEA.
The thermal imaging brands today are seen investing generously in research and development. Besides focusing on product development, major enterprises are eyeing local companies, when it comes to acquisition. Many companies have also decided to expand their product portfolio or service offerings. Thus, joint venture, mergers and acquisitions and market entry strategies are some of the key business strategies keeping the brands competitive. Some of prominent vendors include Testo AG, Flir systems, Axis communications, BAE systems, Danaher Corporation, DRS technologies, Infrared Imaging Services LLC., Thermoteknix Systems Ltd., SATIR and Gratton Infrared Services.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an extensive assessment of both the current and emerging industrial trends backed by in depth information on business environment in different geographical regions
SWOT analysis of the major brands exhibits their major strengths and weaknesses
Level of competition in regions including North America, Asia Pacific, Europe and LAMEA are also discussed in the report
The research further examines competitive landscape to enable business owners identify the adoption rate across different countries
The research pinpoints new policies, and technology development thats contributing to the growth rate
THERMAL IMAGING MARKET KEY SEGMENTS
Thermal Imaging Market By Solution
Software
Hardware
Services
Thermal Imaging Market By Application
Firefighting
Surveillance
Intelligent Transportation System
Commercial and Residential Security
Surveys
Automotive
Personal Vision
Threat Detection
Others
Thermal Imaging Market By Industry
Commercial Users
Defense and Military
Thermal Imaging Market By Geography
North America
Europe
Asia Pacific
LAMEA
Key Players
Testo AG
Flir systems
Axis communications
BAE systems
Danaher Corporation
DRS technologies
Infrared Imaging Services LLC.
Thermoteknix Systems Ltd.
SATIR
Gratton Infrared Services
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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