Latin America Thermal Imaging Systems Market - By Solutions , Form Factor, Geography, Trends, Forecast - 2017 - 2022

  • ID: 4389306
  • Report
  • Region: Latin America
  • 93 pages
  • Mordor Intelligence
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The Latin America thermal Imaging Systems market was valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of 9.29% during the forecast period of 2017 - 2022

Latin America region is investing heavily in military because of various reasons. Ranging from border control to anti-piracy operations to fighting organized crime and drug cartels, various countries in the region are increasing their military budget. Thermal imaging helps the forces in various ways like tracing small movements at the borders be it on land or sea.

We are living in an ever evolving world. New technologies are being developed, while old ones are being relegated. The changing consumer preferences and innovations are increasing. The line which used to separate different industries is becoming blurred with technology being modified for different entities across the industries.

Internet, radar and jet engines were some of the technological innovations created specifically for the military. But, the same technologies are now being used for commercial or personal purposes.

Thermal imaging is one such technology which found its origin in military applications and is now being used across different industry verticals. Thermal imaging is changing the world with the applications ranging from military to personal handheld cameras and smartphones. Though it has multiple uses, some of the uses related to saving lives have been game changers. These systems have now become compact and are easy to use and generate high-resolution images. With some of the major players like Flir, Bae Systems, L-3 Communications are already present in the thermal imaging systems market. New startups like Bounce Imaging are challenging the existing players with their innovative products.

Companies such as Flir and Vummi have introduced smartphones with thermal imaging capability. Day is not far when this technology will be in use everywhere with handheld devices taking over complex thermal imaging systems.


The factors driving the thermal imaging systems market are:

Low cost of solutions

Increasing usage across the industries

Its low impact on the environment.

Integrating the thermal imaging technology with the smartphones is also a major contributor to this market given the growing smartphones market.


The declining cost of solutions and users demanding cheaper products

The market is heading towards extensive competition on price.

Companies are striving hard to introduce low cost devices with maximum features.

The other factors restraining this market are the declining military market as its applications are mostly prominent in the military market and the lack of regular support services might also hinder the progress of the thermal imaging systems market.


Latin America thermal imaging systems market overview with information on drivers and restraints

In-depth Latin America thermal imaging systems market analysis and its applications in the industry

Identification of factors responsible for changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale

Extensively researched competitive landscape with profiles of major companies along with their market shares

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Description
1.2 Research Methodology
1.3 Report Outline by Applications, Industry Usage and Geographies Covered
2. Executive Summary
3. Market Overview
3.1 Current Market Scenario
3.2 Applications of Thermal Imaging Solutions
3.3 Factors Driving the Market
3.3.1 Low cost of solutions
3.3.2 Increasing Usage across the Industries
3.3.3 Low impact on the Environment
3.4 Factors Restraining the Market
3.4.1 Declining Military Market
3.4.2 Lack of regular support and services
3.5 Current Opportunities in the Market
3.6 Technology Snapshot
3.7 Porter’s Five Forces
3.7.1 Bargaining Power of Suppliers
3.7.2 Bargaining Power of Consumers
3.7.3 Threat of New Entrants
3.7.4 Threat of Substitute Products and Services
3.7.5 Competitive Rivalry within the Industry
3.8 Industry Value Chain Analysis
4. Latin America Thermal Imaging Market Breakdown by Solutions
4.1 Hardware
4.1.1 Introduction
4.1.2 Market Share, Size and Forecast
4.1.3 Analyst View
4.2 Software
4.2.1 Introduction
4.2.2 Market Share, Size and Forecast
4.2.3 Analyst View
4.3 Services
4.3.1 Introduction
4.3.2 Market Share, Size and Forecast
4.3.3 Analyst View
5. Latin America Thermal Imaging Market Breakdown by Applications
5.1 Industrial Applications
5.1.1 Introduction
5.1.2 Market Share, Size and Forecast
5.1.3 Analyst View
5.2 Security
5.2.1 Introduction
5.2.2 Market Share, Size and Forecast
52.3 Analyst View
5.3 Research and Development
5.3.1 Introduction
5.3.2 Market Share, Size and Forecast
5.3.3 Analyst View
5.4 Construction Industry
5.4.1 Introduction
5.4.2 Market Share, Size and Forecast
5.4.3 Analyst View
5.5 Maritime
5.5.1 Introduction
5.5.2 Market Share, Size and Forecast
5.5.3 Analyst View
5.6 Transportation
5.6.1 Introduction
5.6.2 Market Share, Size and Forecast
5.6.3 Analyst View
5.7 Law Enforcement Agencies
5.7.1 Introduction
5.7.2 Market Share, Size and Forecast
5.7.3 Analyst View
5.8 Surveillance Systems
5.8.1 Introduction
5.8.2 Ground-Based Systems Market Share, Size and Forecast
5.8.3 Airborne Systems Market Share, Size and Forecast
5.8.4 Analyst View
5.9 Others
5.9.1 Introduction
5.9.2 Market Share, Size and Forecast
5.9.3 Analyst View
6. Latin America Thermal Imaging Market Breakdown by End Users
6.1 Introduction
6.2 Military and Defense
6.2.1 Overview
6.2.2 Market Share, Size and Forecast
6.2.3 Analyst View
6.3 Commercial Purpose
6.3.1 Overview
6.3.2 Market Share, Size and Forecast
6.3.3 Analyst View
7. Latin America Thermal Imaging Market Segmentation
7.1 Latin America
7.1.1 Market Share, Size and Forecast by Solutions
7.1.2 Market Share, Size and Forecast by Industry Application
7.1.3 Market Share, Size and Forecast by End Users
7.1.4 Market Share, Size and Forecast by Countries Brazil Mexico Argentina Others
8 Market Landscape
8.1 Competition Analysis
8.2 Strategies
8.3 Geographical Footprint
8.4 Offerings
9 Thermal Imaging Vendors, Market Share and Products and Services, Developments
9.1 Flir Systems, Inc.
9.1.1 Overview
9.1.2 Products and Services
9.1.3 Market Share Analysis
9.1.4 Recent Developments
9.2 L-3 Communications
9.2.1 Overview
9.2.2 Products and Services
9.2.3 Market Share Analysis
9.2.4 Recent Developments
9.3 ULIS
9.3.1 Overview
9.3.2 Products and Services
9.3.3 Market Share Analysis
9.3.4 Recent Developments
9.4 Lockheed Martin
9.4.1 Overview
9.4.2 Products and Services
9.4.3 Market Share Analysis
9.4.4 Recent Developments
9.5 Bae Systems
9.5.1 Overview
9.5.2 Products and Services
9.5.3 Market Share Analysis
9.5.4 Recent Developments
9.6 DRS Technologies, Inc.
9.6.1 Overview
9.6.2 Products and Services
9.6.3 Market Share Analysis
9.6.4 Recent Developments
9.7 Elbit Systems Ltd.
9.7.1 Overview
9.7.2 Products and Services
9.7.3 Market Share Analysis
9.7.4 Recent Developments
9.8 Raytheon
9.8.1 Overview
9.8.2 Products and Services
9.8.3 Market Share Analysis
9.8.4 Recent Developments
9.9 Sofradir Group
9.9.1 Overview
9.9.2 Products and Services
9.9.3 Market Share Analysis
9.9.4 Recent Developments
9.10 Thermoteknix Systems Ltd.
9.10.1 Overview
9.10.2 Products and Services
9.10.3 Market Share Analysis
9.10.4 Recent Developments
9.11 Others
9.11.1 Overview
9.11.2 Products and Services
9.11.3 Market Share Analysis
9.11.4 Recent Developments
10 The Challengers
10.1 Ideal Industries, Inc.
10.2 Essess, Inc.
10.3 Sagewell, Inc.
10.4 Redshift Systems Corporation
10.5 Bounce Imaging
11. Future of Latin America Thermal Imaging Market
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Note: Product cover images may vary from those shown