Automotive industry

Growth Analysis: The increasing need for thermal imaging cameras in automotive industry is expected to drive the growth of the global thermal imaging cameras market by 2028

The global thermal imaging camera market is expected to witness spectacular growth by 2028, owing to increasing demand from the automotive industry. The pocket cameras sub-segment is the most profitable. the North America region to dominate in the world market.

NEW YORK, January 11, 2022 / PRNewswire / – Research Dive has added a new report to its offering titled “Thermal Imaging Cameras Market by Product Type (Handheld & Stationary), Application (Security & Surveillance, Surveillance & Inspection, & Detection & Measurement), End Use (Industrial, Aerospace & Defense, Automotive & Others (Law Enforcement) , healthcare and marine))), and regional analysis (North America, Europe, Asia Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2028. “

According to the report, the Global thermal imaging camera market should generate a turnover of $ 19,303.9 million and rise to a healthy level 10.2% CAGR during the analysis period of 2021-2028.

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Thermal Imaging Market Dynamics

According to our analysts, with the growing need for thermal imaging cameras in the automotive industry to assist drivers in adverse weather conditions or low light conditions, and to reduce accidents and improve safety, the market is expected to experience gradual growth over the course of the forecast period. In addition, the increasing use of thermal imaging cameras for ensuring vehicle safety and for non-destructive testing of automotive elements such as brakes, tires are the factors that are expected to support the thermal imaging cameras market growth over the estimated period. . Moreover, the increasing investments in thermal imaging camera research and development and the increasing implementation of innovative technologies are further expected to create huge growth opportunities for the market during the estimated period. However, the export restrictions of thermal imaging cameras may restrain the market growth during the forecast period.

Thermal Imaging Market Segments

The report has divided the thermal imaging camera market into segments on the basis of product type, application, end use, and region.

  • By product type, the portable cameras sub-segment should be the most lucrative and should collect a income from $ 12,498.6 million during the analysis period. In addition, the use of handheld camera in navy and military industries for border surveillance and law enforcement is expected to fuel the growth of thermal camera market sub-segment during the analysis period.
  • By application, the monitoring and inspection sub-segment should be the most profitable and should generate a turnover of $ 6,004.4 million over the analysis period. Moreover, the growing use of thermal cameras for surveillance and inspection, as infrared technology does not require touching at the time of monitoring, is the factor that is expected to drive the growth of thermal camera market sub-segment. during the estimated period.
  • By end use, the aeronautics and defense sub-segment should be the most productive and should generate income from $ 7,370.5 million during the forecast period. The increasing use of thermal imaging cameras in the aerospace and defense industry for better quality control, enhanced security measures and, due to its lightweight nature, is expected to further amplify the growth of the sub-segment of thermal imaging camera market during the estimated period.
  • By region, the North America Region is expected to hold the largest market share and is expected to generate income from $ 7,820.0 million over the analysis period. This is mainly due to the strong presence of a large number of device manufacturers in this region. In addition, increasing government initiative investments in military and defense sector are expected to drive regional market growth during the forecast period.

Get read-only access to the Thermal Imaging Camera market research report now at $ 2999 – Full report

Impact of Covid-19 on the thermal imaging camera market

With the rise of the Covid-19 pandemic, the thermal imaging camera market has suffered a negative impact, as have other industries. Due to the spontaneous spread of the virus, many factories have imposed shutdowns, further disrupting the supply chain. These factors hampered the production and distribution of thermal imaging cameras during the crisis period. However, the growing demand for thermal imaging cameras to detect temperature remotely is expected to thrive as the market grows in the near future.

Discover the impact of COVID-19 on the Thermal Camera market. Click here to schedule a call to speak to our expert analyst to Triangulate with your own data

Top 10 Leader in the design and manufacture of the thermal imaging camera market

The major players in the thermal imaging camera market include

1. United Technologies
2. Leonardo
3. Axis Communications
4. L3HARRIS TECHNOLOGIES
5. BAE systems
6. Fluke corporation
seven. Opgal
8. FLIR Systems
9. Thales Group
ten. Testo, and many more.

– Inquire to access the detailed report on the development strategy of the best companies

These players are working on the development of new tactics and business strategies to acquire the leading position in the leading industry.

For example, in june 2020, the engineers and designers of Outerspace Design, a leader Melbourne based design and development solutions announced its collaboration with LRM Technologies, the world renowned technology solutions, and Defense Science and Technology Group, a subsidiary of the Australian Department of Defense dedicated to providing science and technology support. With this collaboration, the companies aim to develop thermal cameras capable of assessing the cause of metal fatigue in airplanes.

In addition, the report also summarizes other crucial aspects including product portfolio, financial performance of key players, SWOT analysis and latest strategic developments.

Learn more about the thermal imaging camera market:

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About the research dive

Research Dive is a market research company based in Pune, India. By maintaining the integrity and authenticity of the services, the company provides services only based on its proprietary data model, constrained by the 360-degree research methodology, which guarantees a complete and accurate analysis. With unprecedented access to multiple paid data resources, a team of expert researchers, and a strict work ethic, the company delivers extremely accurate and reliable information. By reviewing relevant press releases, government publications, decades of business data, and technical and white papers, Research Dive delivers the services it needs to its clients on time. His expertise is focused on examining niche markets, targeting its key driving factors and detecting threatening obstacles. Complementarily, he also maintains a transparent collaboration with the great aficionado of the industry, which offers an additional advantage to his research.

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