Report Id: SNS/SEMI/2516 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
The Thermal Camera Market Size was valued at USD 10.53 billion in 2022 and is expected to reach USD 24.10 billion by 2030, and grow at a CAGR of 10.9% over the forecast period 2023-2030.
Thermal cameras are tools for monitoring and recording temperatures generated by electrical enclosure devices. Thermal camera designers must ensure that the finished product is compatible with the technology of the thermal management system. The most recent thermal management systems operate in and around the three primary modes of heat transmission: conduction, convection, and radiation. Because of the rapid development of new cooling technologies, it is now easier to maintain dependability and thus avoid early failure, which is increasing the Thermal Camera Market Trends. Thermal cameras are primarily used in high-powered military weapons, construction inspection, fault detection and diagnostics, as well as medical and astronomical research.
Thermal cameras are increasingly being used in building construction and building automation.
Thermal management is becoming increasingly important in medical and food processing.
New cooling technologies are being developed at a rapid pace.
Export restrictions have been imposed on thermal imaging cameras, thermal cameras, and thermal sensors.
Thermal cameras have a high cost associated with them.
Thermal cameras are widely used for thermal management via cool chips.
Components used in thermal cameras have design complexities.
IMPACT OF COVID-19:
The onset and spread of COVID-19 have slowed global economic growth. It has harmed a number of industries, including the Thermal Camera Market. Companies are making plans and attempting to keep their operations running. Product manufacturing and distribution are the most significant challenges that businesses face. Some countries around the world have implemented or extended lockdowns to limit the spread of the epidemic, causing disruptions in the thermal imaging market's supply chain. Thermal cameras are critical for limiting coronavirus spread within a company. These cameras use thermal imaging to reliably and quickly identify people with high body temperatures. Thermal body temperature solutions help detect body temperature, a key symptom of the disease, and can thus be used in conjunction with other COVID-19 prevention measures in healthcare facilities. Thermal cameras have been installed in several airports around the world as the demand for non-contact temperature sensing technology grows in tandem with the increase in COVID-19 cases. Thermal cameras have also been installed in other transit hubs where there is a high volume of passengers and it is impossible to physically check each person's temperature. This helps in growing Thermal Camera Market.
Based on type, the thermal camera market is segmented into Uncooled IR detector, and Cooled IR detector. Cooled infrared detectors can detect even relatively minor temperature changes, the cooled sector has a large market share of 60.00 percent in 2021. Because of the low cost of the devices used in monitoring, uncooled thermal imaging has the potential to grow during the forecast period. These uncooled segments can be used for applications requiring a 5 km monitoring range. It is also less expensive when compared to the Cooled section. The components are also simple to make and can be completed in fewer steps, which speeds up acceptance.
Based on mobility, the thermal camera market is segmented into Handheld Mounted, and Handheld fixed. The handheld segment is expected to grow at a faster rate during the forecast period due to its portability and ease of use. Due to the growing demand for fixed security cameras for surveillance, the fixed/mounted segment has the largest market share. A fixed/mounted segment eliminates the need for the individual to scan and detect.
Based on application, the thermal camera market is segmented into Building inspection, Law enforcement, Industrial process, Meteorology, Fault detection, Medical, Astronomy, and Others. In 2022-2028, the industrial process is expected to grow at a moderate rate.
The key players in the thermal camera market are FLIR Systems, Jenoptik, PCE Instruments, DIAS Infrared, Ulirvision Technology, 3M Scott, Seek Thermal, Fluke Corporation, Mobotix, InfraTec, and Micro-Epsilon.
Uncooled IR detector
Cooled IR detector
During the forecast period, North America dominated the market. In contrast, Asia-Pacific is expected to have the highest CAGR during the forecast period. North America dominated the thermal imaging market, and this trend is expected to continue throughout the forecast period. Thermal imaging components, such as thermal cameras, scopes, and modules, are mass-produced in the region. The United States is the region's largest contributor, accounting for 90 percent of North America's total thermal imaging market share. The presence of multiple manufacturers and distributors, the low cost of thermal imaging components, and rising government spending in the aerospace and military industries are all factors driving the growth of the thermal imaging market in the United States.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 10.53 Billion|
|Market Size by 2030||US$ 24.10 Billion|
|CAGR||CAGR of 10.9% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Uncooled IR Detector, Cooled IR Detector)
• By Mobility (Handheld Mounted, Handheld Fixed)
• By Application (Building Inspection, Law Enforcement, Industrial Process, Meteorology, Fault Detection, Medical, Astronomy, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||FLIR Systems, Jenoptik, PCE Instruments, DIAS Infrared, Ulirvision Technology, 3M Scott, Seek Thermal, Fluke Corporation, Mobotix, InfraTec, and Micro-Epsilon.|
|Key Drivers||• Thermal management is becoming increasingly important in medical and food processing.
• New cooling technologies are being developed at a rapid pace.
|RESTRAINTS||• Export restrictions have been imposed on thermal imaging cameras, thermal cameras, and thermal sensors.
• Thermal cameras have a high cost associated with them.
Frequently Asked Questions (FAQ) :
The market value is expected to reach USD 19.6 billion by 2028.
The market has been segmented with respect to type, mobility and application.
North American region is expected to dominate the Thermal Camera Market.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Thermal Camera Market Segmentation, by type
8.2 Uncooled IR detector
8.3 Cooled IR detector
9. Thermal Camera Market Segmentation, by mobility
9.2 Handheld Mounted
9.3 Handheld fixed
10. Thermal Camera Market Segmentation, by application
10.2 Building inspection
10.3 Law enforcement
10.4 Industrial process
10.6 Fault detection
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 DIAS Infrared
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 FLIR Systems
12.4 PCE Instruments
12.5 Ulirvision Technology
12.6 3M Scott
12.7 Seek Thermal
12.8 Fluke Corporation
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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