Summary:

A new study title “Thermal Camera market size, status and forecast 2027” has been featured on market research future.

Market Overview:
Thermal Camera Market was valued at USD 6.85 Billion in 2018; it is expected to reach USD 13.78 Billion by the end of the forecast period at a CAGR of 10.8%. The scope of the thermal camera market study includes the market size analysis and a detailed analysis of the manufacturer’s products, recent developments, vendor landscape, competitive benchmarking and strategies.

Technological advancements across industry verticals have led the manufacturers to reduce the size of semiconductor components, which has resulted in a reduction in the overall device size. Miniaturization increases the proximity of electronic components within a device, which limits the heat transfer and increases the overall temperature of the device. The need for compact electronic components in the automobile industry, consumer electronics, healthcare, and aerospace & defense due to miniaturization is expected to increase the need for efficient heat management solutions and thus the need for thermal cameras. This study on the thermal camera market provides detailed information about the trends and dynamics, market size, competitive landscape, and growth opportunities.

Thermal cameras are the devices that help in monitoring and recording temperatures produced by devices in electrical enclosures. Thermal camera designers have to align the manufactured product in terms of technologies used in the thermal management system. The latest technologies in the thermal management arena function in and around the basic heat transfer modes, i.e., conduction, convection, and radiation. With the rapid development of advanced cooling technologies, it has become easier to maintain reliability and hence prevent premature failure. Thermal cameras have primary applications in high-power military systems, building inspection, and fault detection and diagnostics, and in the fields of medicine and astronomy.

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Key Players:
Fluke Corporation, FLIR Systems Inc, InfraTec GmbH, Seek Thermal, Opgal Optronic Industries Ltd, Axis Communications AB, PCE Instruments, Jenoptik AG, LumaSense Technologies Inc, Mobotix AG, Optris GmbH, Spectric Plc, Ulirvision Technology Co Ltd, DIAS Infrared GmbH, Micro-Epsilon, HikVision Digital Technology Co, and 3M Scott are the top sorted market players contributing significantly to market growth.

Segments:
The Thermal Camera Market has been segmented based on Type, Mobility, Application, and Region.
By Type, the Market has been segmented into a cooled IR detector and uncooled IR detector.
By Mobility, the market for Thermal Camera has been segmented into handheld fixed/mounted.
By Application, the Market has been segmented into building inspection, fault detection, law enforcement, medical, industrial process, astronomy, meteorology, and others.
By Region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Regional Analysis:
Globally, the thermal camera market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world. Among the regions mentioned above, North America dominated the market in 2018 owing to the increased adoption of thermal cameras in automotive, medical and manufacturing industries for the applications of fault detection and diagnostics, heat dissipation detection, and meteorology. On the other hand, Asia-Pacific is expected to exhibit the highest CAGR during the forecast period.

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