Global Thermal Imaging Cameras Market 2019 Research on Top Industry Players: FLIR Systems, Inc., Fortive, United Technologies, Leonardo S.p.A., L3Harris Technologies, Inc., Axis Communications AB
Global Thermal Imaging Cameras Market By Component (Hardware, Software, Services), Application (Surveillance, Threat Detection, Surveys, Predictive Maintenance, Radiology, Intelligent Transportation Systems, Commercial and Residential Security, Personal Vision, Firefighting, Research and Development, Automotive, Veterinary), Types (Active Receiving, Passive Receiving), End-User (Military and Defense, Industrial, Commercial, and Residential), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2026
Global thermal imaging cameras market is set to witness a substantial CAGR of 7.20% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market value can be attributed due to increasing adoption of thermal imaging in perimeter security and penetration in machine vision-based applications.
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Few of the major competitors currently working in the global thermal imaging cameras market are Xenics, Lynred, FLIR Systems, Inc., Fortive, United Technologies, Leonardo S.p.A., L3Harris Technologies, Inc., Axis Communications AB., BAE Systems, Testo SE & Co. KGaA, Fluke Corporation, JENOPTIK AG, AMETEK Land (Land Instruments International Ltd)., HT Italia S.r.l., Allied Vision Technologies GmbH, Zhejiang Dali Technology Co.,Ltd., FluxData Inc., CorDEX Instruments., IRCameras LLC., Keysight Technologies among others.
Key Developments in the Market:
In August 2019, RS Components launched PTi120 thermal camera, ideal for maintenance team with quick inspection abilities to assist and sustain industrial equipment. It is a pocket size camera which will be easily carried. The latest and extremely innovative PTi120 is the first pocket-sized device of the manufacturer and targets applications for troubleshooting and predictive maintenance for a broad spectrum of industrial business industries. This launch will help the company to increase its revenue.
In April 2019, Parrot has recently launched a drone, the ANAFI 4K quadcopter-style robot. This device drive severe attention to specialists in areas including public security, as it enhances thermal imaging to a distinctive series of 4 K aerial recording decisions. This camera is attached to a gimbal allowing a 180 ° variety of motion. Therefore, when evaluating the thermal outline of the building, surface or terrain in question, the operator can obtain an ideal field of perspective. This product launch will expand and accelerate the growth of the company.
An optical system, display, sensor, signal processing and amplifier are the five elements present in thermal imaging cameras. These sections are integrated into heat-resistant, rough and water-resistant housing by specific thermal imaging cameras fire-service. These components operate together to make infrared radiation, such as that produced by hot objects or flames, visible in actual moment.
Market Drivers:
- Development in the surveillance camera technology, is driving the market growth
- Penetration in machine vision-based applications, is fueling the growth of the market
- Reduction in value of thermal imaging products, is helping the market to grow
- Growing acceptance of thermal imaging in perimeter security, fosters the growth of the market
Market Restraints:
- Longwave infrared cameras require additional cameras for better detailing, and hampers the market growth
- High initial investment associated with thermal imaging products, hinders the market growth
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Segmentation:
By Component
- Hardware
- Software
- Services
By Application
- Surveillance
- Threat Detection
- Surveys
- Predictive Maintenance
- Radiology
- Intelligent Transportation Systems
- Commercial and Residential Security
- Personal Vision
- Firefighting
- Research and Development
- Automotive
- Veterinary
By Types
- Active Receiving
- Passive Receiving
By End-User
- Military and Defense
- Industrial
- Commercial
- Residential
By Geography
- North America
- U.S.
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Malaysia
- Indonesia
- Thailand
- Philippines
- Rest of Asia-Pacific
- Middle East & Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East & Africa
Competitive Analysis
Global thermal imaging cameras market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of thermal imaging cameras market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Insights in the report
- Profiles of key players and brands
- To analyze based on end-users and applications and focus on the growth rate of each application.
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Thermal Imaging Cameras Market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Thermal Imaging Cameras Market
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