In recent times, a gradual decrease in the cost of thermal cameras has been driving the market. Moreover, the deployment of thermal cameras in devices including CCTV camera, and smart phones among others would also contribute to the development of the industry further and increase the adoption rate.
However, lack of awareness and low adoption rate in certain segment acts as a major hindrance in the progress of this industry. Due to its capability of identifying temperature differences, the application of thermal imaging market camera in a range of sectors such as aerospace, automotive, military and other would create greater opportunities.
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There market is segmented in terms of solution, applications, industry as well as regions. In terms of solution, the market is segmented into hardware, software and services. The major applications of the thermal imaging market covered in the report consists of surveillance, surveys, personal vision, firefighting, commercial and residential security and others.
The end customers served by the industry consists of military and defense, and commercial users. Regions served by the industry consist of North America, APAC, Europe, and LAMEA.
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The thermal imaging brands today are seen investing generously in research and development. Besides focusing on product development, major enterprises are eyeing local companies, when it comes to acquisition. Many companies have also decided to expand their product portfolio or service offerings.
Thus, joint venture, mergers and acquisitions and market entry strategies are some of the key business strategies keeping the brands competitive.
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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an extensive assessment of both the current and emerging industrial trends backed by in depth information on business environment in different geographical regions
- SWOT analysis of the major brands exhibits their major strengths and weaknesses
- Level of competition in regions including North America, Asia Pacific, Europe and LAMEA are also discussed in the report
- The research further examines competitive landscape to enable business owners identify the adoption rate across different countries
- The research pinpoints new policies, and technology development thats contributing to the growth rate
Some of prominent vendors include:
- Testo AG,
- Flir systems,
- Axis communications,
- BAE systems,
- Danaher Corporation,
- DRS technologies,
- Infrared Imaging Services LLC.,
- Thermoteknix Systems Ltd.,
- SATIR
- Gratton Infrared Services.
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