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Thermal Imaging Camera Market by Product Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 125
  • SKU: IRTNTR73704
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The thermal imaging camera market share is expected to increase to USD 1.04 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.69%.

This thermal imaging camera market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers thermal imaging camera market segmentation by product type (camera, scope and goggles, and modules) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The thermal imaging camera market report also offers information on several market vendors, including ANVS Inc., BAE Systems Plc, Chauvin Arnoux Group, CorDEX Instruments Ltd., Cox Enterprises Inc., ED Bullard Co., Elbit Systems Ltd., Fortive Corp., Hangzhou Hikvision Digital Technology Co. Ltd., InfraTec GmbH, Keysight Technologies Inc., MSA Safety Inc., SATIR Europe Ireland Co. Ltd., Synectics Plc, Teledyne Technologies Inc., Testo SE and Co. KGaA, Thermoteknix Systems Ltd., Wuhan Guide Infrared Co. Ltd., Zhejiang Dali Technology Co. Ltd., and Seek Thermal Inc. among others.

What will the Thermal Imaging Camera Market Size be During the Forecast Period?

Thermal Imaging Camera Market Size

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Thermal Imaging Camera Market: Key Drivers, Trends, and Challenges

The increasing military expenditure is notably driving the thermal imaging camera market growth, although factors such as the safety and privacy issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the thermal imaging camera industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Thermal Imaging Camera Market Driver

One of the key factors driving growth in the thermal imaging camera market is the increasing military expenditure. Global military spending grew by 6.1% in 2021 and accounted for $2.1 trillion. Amid the economic fallout triggered by the outbreak of COVID-19, global military spending grew significantly during April 2020-April 2022. This is primarily attributed to increasing R&D spending, which is focused on the development of next-generation technologies, such as thermal imaging cameras. The high revenue generated from its oil and gas industry helped Russia increase its military spending in 2021. Furthermore, China was the second-largest spender on the military sector and allocated an estimated amount of $293 billion to its military in 2021, an increase of 4.7% compared with the spending in 2020. Therefore, the global thermal imaging camera market is expected to witness growth.

Key Thermal Imaging Camera Market Trend

The improvement in photogrammetry and thermal imaging is a thermal imaging camera market trend that is expected to have a positive impact in the coming years. The penetration of the global thermal imaging camera market is expected to increase during the forecast period as more end-users are expected to invest in thermal sensors to capitalize on capabilities such as photogrammetry. The emergence of hyperspectral imagery to ensure more accuracy and improvement in the quality of images captured is expected to witness high growth during the forecast period. There will be an increase in the adoption of thermographic cameras that use a long-infrared range of the electromagnetic spectrum for better detection of humans and warm-blooded animals. Thus, the surging demand for high-quality photogrammetry and thermal imaging features in devices is expected to drive the growth of the global thermal imaging camera market.

Key Thermal Imaging Camera Market Challenge

The safety and privacy issues will be a major challenge for the thermal imaging camera market during the forecast period. The improper use of thermal imaging cameras can measure body temperature inaccurately, which can potentially have serious public health risks. With the possibilities of camera malfunctions and errors, there is an increased risk of property damages and personal injuries. With such safety issues, vendors face the risk of being liable for damages. To improve their product offerings and retain a more resilient position in the global thermal imaging camera market, vendors need to direct their focus toward improvement in the thermal imaging resolution as the thermal imaging cameras are widely used in drones for geospatial inspection for various applications such as military and defense. Drones could be hijacked by tampering with the frequency-hopping sensors used in devices that use radio communications. Thus, the safety and privacy concerns related to thermal imaging cameras are expected to hamper the growth of the global thermal imaging camera market.

This thermal imaging camera market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global thermal imaging camera market as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the thermal imaging camera market during the forecast period.

Who are the Major Thermal Imaging Camera Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ANVS Inc.
  • BAE Systems Plc
  • Chauvin Arnoux Group
  • CorDEX Instruments Ltd.
  • Cox Enterprises Inc.
  • ED Bullard Co.
  • Elbit Systems Ltd.
  • Fortive Corp.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • InfraTec GmbH
  • Keysight Technologies Inc.
  • MSA Safety Inc.
  • SATIR Europe Ireland Co. Ltd.
  • Synectics Plc
  • Teledyne Technologies Inc.
  • Testo SE and Co. KGaA
  • Thermoteknix Systems Ltd.
  • Wuhan Guide Infrared Co. Ltd.
  • Zhejiang Dali Technology Co. Ltd.
  • Seek Thermal Inc.

 

This statistical study of the thermal imaging camera market encompasses successful business strategies deployed by the key vendors. The thermal imaging camera market is fragmented and the vendors are deploying growth strategies such as trying to expand their product portfolios by launching new variants of thermal imaging cameras to compete in the market.

Product Insights and News

  • ANVS Inc. - ANVS Inc. is a privately held company headquartered in US. It is a global company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global thermal imaging camera market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • ANVS Inc. - The company offers thermal imaging camera that enables advance vision in zero ambient light environments and cut through fog, smoke or haze. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The thermal imaging camera market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Thermal Imaging Camera Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the thermal imaging camera market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Thermal Imaging Camera Market?

Thermal Imaging Camera Market Market segmentation by region

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40% of the market's growth will originate from North America during the forecast period. The US is the key market for thermal imaging cameras in North America. Market growth in this region will be faster than the growth of the market in the European, MEA and South American regions.

The presence of major military and defense firms in the US, such as Lockheed Martin Corporation, BAE Systems plc, and Temporal Defense Systems Inc. will facilitate the thermal imaging camera market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 outbreak negatively impacted the growth of the regional thermal imaging camera market during 2020-2021. The demand for thermal imaging cameras witnessed a decline in H1 2020. Additionally, owing to the increased need for social distancing and remote capacity during the pandemic, thermal imaging cameras provided three significant benefits to construction contractors in the region. These include the requirement of fewer personnel on-site, detailed prospecting from a distance, and increased surveying speeds. Such advantages of using thermal imaging cameras are expected to drive the growth of the market in the region during the forecast period. 

What are the Revenue-generating Product Type Segments in the Thermal Imaging Camera Market?

Thermal Imaging Camera Market Segmentation

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The thermal imaging camera market share growth by the camera segment will be significant during the forecast period. Increasing usage of thermal imaging technology in the government sector is an important driver of the camera segment. The increasing usage of thermal imagery with the help of thermal imaging cameras in various applications, such as surveillance, military and defense, disaster management, building security, and management and monitoring of environmental changes, is the key factor that is expected to drive the growth of the camera segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the thermal imaging camera market size and actionable market insights on post COVID-19 impact on each segment.

 

Thermal Imaging Camera Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.69%

Market growth 2022-2026

$ 1.04 billion

Market structure

Fragmented

YoY growth (%)

7.28

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key consumer countries

US, Israel, China, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ANVS Inc., BAE Systems Plc, Chauvin Arnoux Group, CorDEX Instruments Ltd., Cox Enterprises Inc., ED Bullard Co., Elbit Systems Ltd., Fortive Corp., Hangzhou Hikvision Digital Technology Co. Ltd., InfraTec GmbH, Keysight Technologies Inc., MSA Safety Inc., SATIR Europe Ireland Co. Ltd., Synectics Plc, Teledyne Technologies Inc., Testo SE and Co. KGaA, Thermoteknix Systems Ltd., Wuhan Guide Infrared Co. Ltd., Zhejiang Dali Technology Co. Ltd., and Seek Thermal Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Data Covered in this Thermal Imaging Camera Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive thermal imaging camera market growth during the next five years
  • Precise estimation of the thermal imaging camera market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the thermal imaging camera industry across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of thermal imaging camera market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Product Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Product Type
      • Exhibit 26: Chart on Comparison by Product Type
      • Exhibit 27: Data Table on Comparison by Product Type
    • 5.3 Camera - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Camera - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Camera - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Camera - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Camera - Year-over-year growth 2021-2026 (%)
    • 5.4 Scope and goggles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Scope and goggles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Scope and goggles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Scope and goggles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Scope and goggles - Year-over-year growth 2021-2026 (%)
    • 5.5 Modules - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Modules - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Modules - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Modules - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Modules - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product Type
      • Exhibit 40: Market opportunity by Product Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Israel - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Israel - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Israel - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Israel - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Israel - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 ANVS Inc.
              • Exhibit 93: ANVS Inc. - Overview
              • Exhibit 94: ANVS Inc. - Product / Service
              • Exhibit 95: ANVS Inc. - Key offerings
            • 10.4 Chauvin Arnoux Group
              • Exhibit 96: Chauvin Arnoux Group - Overview
              • Exhibit 97: Chauvin Arnoux Group - Product / Service
              • Exhibit 98: Chauvin Arnoux Group - Key offerings
            • 10.5 ED Bullard Co.
              • Exhibit 99: ED Bullard Co. - Overview
              • Exhibit 100: ED Bullard Co. - Product / Service
              • Exhibit 101: ED Bullard Co. - Key offerings
            • 10.6 Fortive Corp.
              • Exhibit 102: Fortive Corp. - Overview
              • Exhibit 103: Fortive Corp. - Business segments
              • Exhibit 104: Fortive Corp. - Key news
              • Exhibit 105: Fortive Corp. - Key offerings
              • Exhibit 106: Fortive Corp. - Segment focus
            • 10.7 InfraTec GmbH
              • Exhibit 107: InfraTec GmbH - Overview
              • Exhibit 108: InfraTec GmbH - Product / Service
              • Exhibit 109: InfraTec GmbH - Key offerings
            • 10.8 Keysight Technologies Inc.
              • Exhibit 110: Keysight Technologies Inc. - Overview
              • Exhibit 111: Keysight Technologies Inc. - Business segments
              • Exhibit 112: Keysight Technologies Inc. - Key news
              • Exhibit 113: Keysight Technologies Inc. - Key offerings
              • Exhibit 114: Keysight Technologies Inc. - Segment focus
            • 10.9 Synectics Plc
              • Exhibit 115: Synectics Plc - Overview
              • Exhibit 116: Synectics Plc - Business segments
              • Exhibit 117: Synectics Plc - Key news
              • Exhibit 118: Synectics Plc - Key offerings
              • Exhibit 119: Synectics Plc - Segment focus
            • 10.10 Teledyne Technologies Inc.
              • Exhibit 120: Teledyne Technologies Inc. - Overview
              • Exhibit 121: Teledyne Technologies Inc. - Business segments
              • Exhibit 122: Teledyne Technologies Inc. - Key news
              • Exhibit 123: Teledyne Technologies Inc. - Key offerings
              • Exhibit 124: Teledyne Technologies Inc. - Segment focus
            • 10.11 Thermoteknix Systems Ltd.
              • Exhibit 125: Thermoteknix Systems Ltd. - Overview
              • Exhibit 126: Thermoteknix Systems Ltd. - Product / Service
              • Exhibit 127: Thermoteknix Systems Ltd. - Key offerings
            • 10.12 Zhejiang Dali Technology Co. Ltd.
              • Exhibit 128: Zhejiang Dali Technology Co. Ltd. - Overview
              • Exhibit 129: Zhejiang Dali Technology Co. Ltd. - Product / Service
              • Exhibit 130: Zhejiang Dali Technology Co. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 131: Inclusions checklist
                • Exhibit 132: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 133: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 134: Research methodology
                • Exhibit 135: Validation techniques employed for market sizing
                • Exhibit 136: Information sources
              • 11.5 List of abbreviations
                • Exhibit 137: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Thermal Imaging Camera Market market growth will increase by $1.04 bn during 2022-2026.
                The thermal imaging camera market market is expected to grow at a CAGR of 7.69% during 2022-2026.
                Technavio has segmented the thermal imaging camera market market by other 1 (Camera, Scope and goggles, and Modules) and geography (North America, APAC, Europe, Middle East and Africa, and South America).
                ANVS Inc., BAE Systems Plc, Chauvin Arnoux Group, CorDEX Instruments Ltd., Cox Enterprises Inc., ED Bullard Co., Elbit Systems Ltd., Fortive Corp., Hangzhou Hikvision Digital Technology Co. Ltd., InfraTec GmbH, Keysight Technologies Inc., MSA Safety Inc., SATIR Europe Ireland Co. Ltd., Synectics Plc, Teledyne Technologies Inc., Testo SE and Co. KGaA, Thermoteknix Systems Ltd., Wuhan Guide Infrared Co. Ltd., Zhejiang Dali Technology Co. Ltd., Seek Thermal Inc. are a few of the key vendors in the thermal imaging camera market market.
                North America will register the highest growth rate of 40% among the other regions. Therefore, the thermal imaging camera market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the thermal imaging camera market market growth are:
                • Increasing military expenditure
                • Improvement in photogrammetry and thermal imaging
                The thermal imaging camera market market vendors should focus on grabbing business opportunities from the camera segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
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                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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