Pune, India, February 22, 2021 (GLOBE NEWSWIRE) – The universe thermal camera market the size is expected to reach 3,642.8 million USD by 2027, exhibiting a CAGR of 8.6% in the forecast period. The urgent need for rapid body temperature monitoring in humans during coronavirus pandemic is expected to drive market growth, observes Fortune Business Insights ™ in its latest report, titled “Thermal Camera Market Size, Analysis and Impact Analysis of COVID-19, By Product (Handheld, Embossed, and Scopes and Goggles), By Technology (Cooled, Uncooled), by Application (Analysis and Analysis, Security and Inspection, Verification and Measurement, Detection and Rescue Operations), End Use (Military and Defense, Industry, Commerce, Healthcare and Life Sciences, Residential, Automotive, and Oil and Gas) and Regional Forecast, 2020 – 2027”.
Therapeutic cameras can easily detect fever by comparing a person’s body heat to the heat around them, while maintaining the required body speed. High temperature can be a sign of COVID-19-induced fever and the person can be sent for immediate examination. These cameras are widely used by companies and government authorities as initial tests to determine if an individual is carrying the disease. For example, Amazon has installed these cameras across its warehouses around the world to screen their employees for COVID-19 signals. Thus, the spread of the coronavirus pandemic has increased the demand for thermal cameras worldwide as countries become involved in the spread of the disease.
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The report states that the market value stood at USD 1,888.5 million in 2019. The report also offers the following:
- An in-depth impact analysis of the COVID-19 revolution on this market;
- Comprehensive analysis of Thermal Camera Market drivers and opportunities;
- Detailed analysis of all market segments;
- Careful study of regional prospects and a competitive landscape shapes market growth.
Market driver
Adopt the thermal imaging technology in automotive sector to enhance the market
One of the factors gaining prominence in driving the growth of the thermal camera market is that more people are using these devices for automated judging. With increasing complexity and advances in automotive technologies, effective detection of vehicle problems is going to be a tough requirement in this sector. Thermal imaging devices can serve this purpose. For example, if an electrical component in the car is not working properly and is obscured by overheating wires and brushes, thermal cameras can quickly identify the problem situation, allowing the technician to repaired properly and on time. . In addition, these cameras can illuminate excess friction in some components, which can cause them to wear out faster than they should. These, and many other uses of thermal imaging technology in the automotive sector, fuel the product’s demand.
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Regional Views
North America to hold market share through increased military spending
A key among the factors that enable North America to dominate the thermal camera market share is the higher consumption of armed forces in the US. This increased spending is aimed at equipping the armed forces with advanced weapons equipment, including these cameras, to perform surveillance and security work effectively. In 2019, the market size of the sector was 643.7 million USD.
In Europe, the main market drivers have been declining costs of thermal imaging devices and adoption of thermal sensors for industrial applications. On the other hand, the Asia-Pacific market is expected to rise as border conflicts between major Asian economies, especially India and China, spur the demand for thermal equipment for sensory activities. make an effective boundary.
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Competitive Landscape
Key players to focus on diversifying their offerings to end users
Diversification and expansion of the existing portfolio is expected to be a key strategy for most players in this market. New product releases, enabled by enhanced R&D capabilities, will allow these players to expand their sales vision globally and gain an edge over other companies in the Thermal Camera Market.
Business Developments:
- May 2020: US-based thermal imaging specialist FLIR Systems released their first thermal imaging data set collected from six of Europe’s busiest cities. The database is designed for researchers and developers to supplement their work on advanced thermal sensors in the automotive sector and adopt next-gen car technologies such as advanced driver assistance systems (ADAS).
- October 2019: US-based Fluke Corporation introduced the Fluke TI400 +, the company’s new thermal imaging main camera. It has an innovative autofocus capability, which allows the camera to capture multiple images with better precision and clarity. The camera also comes with different lenses for use in different weathers, along with an ergonomic design.
List of companies accounted for Thermal Camera Market Report:
- Thermoteknix Systems Limited.
- Sierra-Olympic Systems, Inc.
- SATIR
- New Image Technologies (NIT)
- Leonardo SpA
- InView Technology Corporation
- FLIR Systems, Inc.
- Synectics plc
- Thermal search
- Princeton Infrared Technologies, Inc.
- Lynred
- IRCameras LLC
- InfraTec GmbH Infrarotsensorik und Messtechnik
- Axis Communication AB
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Contents:
- Introduction
- Explanation, By cookie
- Research Methodology
- Sources
- Government Minutes
- Market dynamics
- Drivers, Barriers, and Opportunities
- Emerging trends
- Key views
- Economic Macro and Micro Signals
- Confirmed SWOT analysis of key players
- Impact of COVID-19
- Short-term effects
- Long-term effects
- Key Industrial Developments – In Response to the Impact of COVID-19
- Global Thermal Camera Market Analysis, vision and forecast, 2016-2027
- Main Findings / Summary
- Market size measurements and projections
- With Result (Value)
- Hand tool
- Mounted
- Scopes and Goggles
- With Technology (Value)
- By Request (Value)
- Investigation and Analysis
- Security and Surveillance
- Determination and Measurement
- Search and Rescue Operations
- By end use (value)
- Military and Defense
- Business
- Alternative
- Healthcare and Life Sciences
- Residential
- Automotive
- Ola is Gas
- By area (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- With Result (Value)
TOC continues…!
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