The global thermal camera market size is projected to reach USD 3,642.8 million by 2027, exhibiting a CAGR of 8.6% during the forecast period. Urgent need for speedy body temperature check in people during the coronavirus pandemic is expected to propel market growth, observes Fortune Business Insights™ in its latest report, titled “Thermal Camera Market Size, Share and COVID-19 Impact Analysis, By Product (Handheld, Mounted, and Scopes and Goggles), By Technology (Cooled, Uncooled), By Application (Monitoring and Inspection, Security and Surveillance, Detection and Measurement, Search and Rescue Operations), By End-use (Military and Defense, Industrial, Commercial, Healthcare and Life Sciences, Residential, Automotive, and Oil and Gas) and Regional Forecast, 2020 – 2027”.
Thermal camera market can facilitate quick detection of fever by comparing a person’s body heat with that of the immediate surroundings, whilst maintaining the required physical distance. Elevated temperature can be a sign of COVID-19-induced fever and the person can be sent for an instant checkup. Companies and government authorities are extensively utilizing these cameras as preliminary tests to determine if an individual is a carrier of the infection. For example, Amazon has installed these cameras across its warehouses around the globe to screen its employees for COVID-19 symptoms. Thus, the outbreak of the coronavirus pandemic has surged the demand for thermal cameras worldwide as countries grapple to contain the spread of the infection.
The report states that the value of the market stood at USD 1,888.5 million in 2019. The report also offers the following:
- In-depth impact analysis of the COVID-19 outbreak on this market;
- Comprehensive analysis of the market drivers and opportunities;
- Detailed study of all the market segments;
- Careful examination of the regional prospects and competitive landscape shaping market growth.
List of Companies Profiled in thermal camera Market Report:
- Thermoteknix Systems Ltd.
- Sierra-Olympic Systems, Inc.
- SATIR
- New Imaging Technologies (NIT)
- Leonardo S.p.A.
- InView Technology Corporation
- FLIR Systems, Inc.
- Synectics plc
- Seek Thermal
- Princeton Infrared Technologies, Inc.
- Lynred
- IRCameras LLC
- InfraTec GmbH Infrarotsensorik und Messtechnik
- Axis Communications AB
Market Driver
Rising Adoption of Thermal Imaging Technology in Automotive Sector to Boost the Market
One of the factors gaining prominence in boosting the thermal camera market growth is the rising uptake of these devices for performing automotive diagnostics. With increasing complexity and advancements in automotive technologies, efficient detection of vehicular problems is becoming a dire requirement in this sector. Thermal imaging tools can serve this purpose. For example, if an electrical component in the car is not functioning properly and if it is concealed by overlaying wires and sheaths, thermal cameras can quickly pinpoint the location of the problem, enabling the technician to fix it accurately and in a time-bound manner. Further, these cameras can highlight excessive friction in certain 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, are fueling the product demand.
Regional Analysis for thermal camera Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for thermal camera Market:
- Introduction
- Executive Summary
- Market Dynamics
- Key thermal camera market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Thermal Camera Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
- Conclusion
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