Global Rugged Thermal Camera Market: Overview
Over the forecast period of 2020 to 2030, the global rugged thermal camera market is set to grow at an astounding rate, compounded annually. It is set to propel market worth by a substantial value. And, this means that value pools will be created in the market which players will try to make the most of. Conditions such arthritis and increase in incidence of sports injuries is driving demand for these cameras. COVID-19 is also generating massive demand as these help in spotting suspect cases. However, it is quite pertinent to note here that a massive demand for these cameras comes from military and defense, where these are used for better security, border patrol, and use in drones.
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Global Rugged Thermal Camera Market: Competitive Landscape
The global rugged thermal camera market is teeming with players actively striving for higher revenue share. They are, therefore, employing new and innovative growth strategies in the market. In turn, these strategic maneuvers lead to shaping up the market’s future and how the fragmented vendor landscape would operate.
Companies that are active and aggressive in the rugged thermal camera market over the forecast period are the following:
- Leonardo SpA
- SKF
- Bosch Security Systems
- Flir Systems, Inc.
- BAE Systems
- L3 technologies Inc.
- Thermotecknix Systems Ltd.
- Axis Communication
- Raytheon Company
- Danaher Corporation
It is significant to note here that some of the consequential and therefore common strategies deployed my market players include massive research and development (R&D) activities, technological advancement, focus on innovation, and new product launch. Sometimes, players collaborate to combine key resources and to ensure capture of substantial market share.
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