The Global Infrared (Thermal) Camera Market Research Report Forecast 2020 – 2024 provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of the global industry. It provides an in-depth study of the Infrared (Thermal) Camera market by using SWOT analysis. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The global infrared camera market is expected to reach US$11.54 billion in 2024, witnessing growth at a CAGR of 7.60%, over the period 2020-2024.
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Top Key Players in the Global Infrared (Thermal) Camera Market: Raytheon Technologies Corp., Leonardo S.p.A., Fortive Corporation (Fluke Corp.), FLIR Systems, Inc., Canon, Inc. (Axis Communications AB) and Hanwha Corporation (Hanwha Techwin.
Factors such as increasing adoption for security & surveillance, growing penetration of consumer electronics, surging preference for autonomous vehicles, expanding urbanization and upsurge in economic growth are expected to drive the market. The growth of the market would be challenged by high cost associated with initial acquisition and maintenance, lack of accuracy in infrared camera functionality and stringent import and export regulations. A few notable trends may include rising applications in the healthcare sector, technological innovations, growing miniaturization of products, and escalating usage of infrared cameras for SWIR.
The global infrared camera market can be categorized on the basis of technology, application and material. Depending on the technology, the global infrared camera market can broadly be divided into an uncooled and cooled infrared cameras. In terms of application, the global infrared camera market can be categorized into military & defense, industrial, commercial, medical imaging and other. Whereas, on the basis of material, the global infrared camera market can be segmented into germanium, silicon, zinc selenide and sapphire.
The fastest-growing regional market in North America due to the growing demand for infrared cameras for monitoring and inspection of commercial and residential buildings, gradually decreasing costs of infrared cameras, the rapid development of high-speed infrared cameras, accelerating economic growth and expanding urbanization. Asia Pacific represents the second-largest infrared camera market and is already well-penetrated at developed market levels due to increasing defense spending and rising demand for infrared cameras by the regional developing economies such as India, Japan and China.
Regional Analysis for Market:
For a comprehensive understanding of market dynamics, the global Infrared (Thermal) Camera market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
This Infrared (Thermal) Camera Market statistical surveying report underlines the leading merchants in this market everywhere throughout the world. This sector of the report includes market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.
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Influence of the Infrared (Thermal) Camera Market report:
-Comprehensive assessment of all opportunities and risks in the Infrared (Thermal) Camera Market.
-Infrared (Thermal) Camera Market recent innovations and major events.
-A Detailed study of business strategies for the growth of the Infrared (Thermal) Camera Market-leading players.
-Conclusive study about the growth plot of Infrared (Thermal) Camera Market for forthcoming years.
-In-depth understanding of Infrared (Thermal) Camera Market -particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Infrared (Thermal) Camera Market.
The research includes historic data from 2015 to 2020 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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