Smart thermal camera market size is estimated to grow at a CAGR of 8.2%

IndustryPRwire --  Rising demand of thermal cameras in surveillance and security, military operations, temperature measurement, monitoring, and many others industry boosting the growth of smart thermal camera market with CAGR 8.2%

The global smart thermal camera market size is estimated to grow at a CAGR of 8.2% during the forecast period till 2027, according to a new study published by Astute Analytica.

In the protection and surveillance system, smart thermal camera is typically used to provide knowledge of suspicious activities in harsh climatic conditions or extreme darkness. For their search and rescue operations, armed forces use smart thermal cameras. Smart thermal cameras have the potential to warn of any suspicious activity in order to take appropriate action.

With low vision, it detects heat-based images. False alarms are also detected, thereby offering greater cost-efficiency. The adaptation of smart thermal protection and surveillance cameras has thus improved the demand and is expected to grow in the near future.

Regional Analysis

Global smart thermal camera market is segmented into the North America (the United States, Mexico, and Canada), Europe (the UK, Germany, France, Spain, Russia, Italy, Norway, Denmark, Portugal, Ireland, Greece and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia and Rest of APAC), and LAMEA (Latin America, the Middle East, and Africa).

In comparison with other regions, North America is projected to increase with the highest CAGR. Rising economic and industrial growth in the Asia-Pacific region has boosted demand for smart thermal cameras in the Asia-Pacific region and is projected to increase significantly over the forecast period.

Segment Analysis

  • The global Smart Thermal Camera market is fragmented into various sub-groups, such as:
    • By Type
    • By Wavelength
    • By Technology
    • By Application
    • By End Use
  • By Type segment is further sub-segmented as:
    • Handheld
    • Mounted
    • Scopes and Goggles
  • By Wavelength segment is further sub-segmented as:
    • Scopes and Goggles
    • Scopes and Goggles
    • Scopes and Goggles
  • By Technology segment is further sub-segmented as:
    • Cooled
    • Uncooled
  • By Application segment is further sub-segmented as:
    • Security and Surveillance
    • Monitoring
    • Detection
    • Measurement
    • Rescue Operations
  • By End Use segment is further sub-segmented as:
    • Residential
    • Commercial
    • Industrial
    • Automotive
    • Military and Defence
    • Aerospace
    • Healthcare
    • Oil and Gases
    • Others

Competitive Landscape

The focus on expansion of businesses of major market players by various strategic initiatives, R&D investments, and introduction of customized products cater the increasing demand customers. Some of the key companies in the market are as follows:

  • FLIR Systems, Inc.
  • SATIR
  • Princeton Infrared Technologies, Inc.
  • Lynred, IRCameras LLC
  • Leonardo S.p.A.
  • Fluke Corporation
  • InView Technology Corporation
  • Axis Communications AB
  • Others

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