Rugged Thermal Cameras Market

Rugged Thermal Cameras Market: Global Industry Analysis and
Opportunity Assessment, 2017–2027
May 2017
Report Id : REP-GB-764
Published On : April-2017
Category : Electronics, Semiconductors, and ICT
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
1
Market profiling
2
Formulating discussion guide
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Developing list of respondents
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In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
Collection
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Research &
Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Actionable
Insights
A
Primary
Research
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SOLUTION
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Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
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Linkedin
Zoominfo
Salesforce
Avention
Business
Solution
Desk
Research
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Key industry experts
Channel study
Developments
Market dynamics
Products
Conclusions
Company
Analysis
Secondary Research #
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Company websites
Company annual
reports
White papers
Financial reports
Paid Publications#
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Factiva
GBI
Genios
Meltwater
# includes sources of databases
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Rugged Thermal Cameras Market
Demand for Rugged Thermal Cameras to Gain Traction in APEJ Region
Awareness about benefits of thermal imaging continues to be driven by effective application of rugged
thermal cameras across various industrial verticals. Technological advancements have also led to
development of consumer electronics equipped with thermal cameras. Future Market Insights’ recently
published report on the global market for rugged thermal cameras considers rising applicability of rugged
thermal cameras as a key driver for boosting their global sales. According to the report, defence and
military sectors across several regions will be collectively observed as the world’s largest end-users of
rugged thermal cameras. In 2017 and beyond, more than 60% of rugged thermal cameras sold across the
globe will be used for military and defence purposes.
Increasing defence budgets of several countries is, thus, cited to become a crucial factor fuelling the
global sales of rugged thermal cameras. At present, Future Market Insights values the global rugged
thermal camera market at US$ 3.5 Bn, and anticipates it to reach US$ 8.5 Bn by the end of 2027. During
this forecast period, the global rugged thermal camera market is likely to soar at an impressive CAGR of
9.1%. Key excerpts of the report indicate the impact of multiple factors on expansion of global rugged
thermal camera market.
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At the outset, rising defence expenditure and growing military budgets serves as a major booster, driving
the global demand for rugged thermal cameras.
©2015 Future Market Insights, All Rights Reserved
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Rugged Thermal Cameras Market
The market is also projected to grow at a steadfast pace due to declining costs of manufacturing thermal
cameras at commercial scale. Cost-effectiveness attained during large scale production of rugged thermal
cameras is also a key benefit for manufacturers. The report has profiled leading manufacturers of rugged
thermal cameras and their contribution to global market. These include Leonardo SpA, SKF, Bosch
Security Systems, Flir Systems, Inc., BAE Systems, L3 technologies Inc., Thermotecknix Systems Ltd., Axis
Communication, Raytheon Company, and Danaher Corporation.
Effective application of rugged thermal cameras in fire-fighting departments, surveillance of commercial
& residential settings, and medical diagnostics has also become a key driver for market’s growth.
Although, high prices of rugged thermal cameras continue to be a major stumbling block for their use in
certain applications. According to the report findings, over one-third of global rugged thermal camera
revenues are concentrated at surveillance & security applications. In 2016, more than US$ 1.3 Bn worth
of rugged thermal cameras were accounted by surveillance & security purposes. Meanwhile, application
of rugged thermal cameras in production of electronics is expected to register fastest revenue growth at
10% CAGR.
A regional analysis of global rugged thermal camera market in the report forecasts that throughout the
forecast period, North America will remain dominant region. North America’s rugged thermal cameras
market, however, will witness a marginal dip in terms of global revenue share. While the US defence
budget remains to be among the world’s largest defence budgets, the government there is expected to
lower its military spending in the years to come.
©2015 Future Market Insights, All Rights Reserved
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Rugged Thermal Cameras Market
The region will account for nearly 40% of global rugged thermal camera revenues throughout the
forecast period. On the other hand, the rugged thermal camera sales in Asia-Pacific excluding Japan
(APEJ) region are projected to record a speedy growth. The APEJ rugged thermal camera market will be
soaring at 9.8% CAGR to reach US$ 1.46 Bn value by the end of 2027.
©2015 Future Market Insights, All Rights Reserved
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Table of Content
1. Global Rugged Thermal Cameras Market- Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Rugged Thermal Cameras Product Overview
4.3. Global Rugged Thermal Cameras Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Challenges
4.3.4. Opportunities
4.4. Value Chain
©2015 Future Market Insights, All Rights Reserved
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Table of Content
4.5. Global Rugged Thermal Cameras Market Forecast, 2017-2027
4.5.1. Global Rugged Thermal Cameras Market Size (Value) Forecast
4.5.1.1. Y-o-Y Growth Projections
4.5.1.2. Absolute $ Opportunity
4.6. Global Rugged Thermal Cameras Market Trends
4.7. Global Rugged Thermal Cameras Market Snapshot (2016)
4.7.1. Market Share By Applications
4.7.2. Market Share By End-user
4.7.3. Market Share By Region
5. Global Rugged Thermal Cameras Market Analysis, By Applications
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Applications
5.1.2. Basis Point Share (BPS) Analysis, Applications
5.2. Global Rugged Thermal Cameras Market Forecast, By Applications
5.2.1. Fire Fighting
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast, By Region
5.2.3. Surveillance & Security
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Value Forecast, By Region
©2015 Future Market Insights, All Rights Reserved
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Table of Content
5.2.4. Radiology
5.2.4.1. Absolute $ Opportunity
5.2.4.2. Market Value Forecast, By Region
5.2.5. Predictive Maintenance
5.2.5.1. Absolute $ Opportunity
5.2.5.2. Market Value Forecast, By Region
5.2.6. Electronics
5.2.6.1. Absolute $ Opportunity
5.2.6.2. Market Value Forecast, By Region
5.2.7. Others
5.2.7.1. Absolute $ Opportunity
5.2.7.2. Market Value Forecast, By Region
5.3. Global Rugged Thermal Cameras Market Attractiveness Analysis, By Applications
5.4. Prominent Trends
6. Global Rugged Thermal Cameras Market Analysis, By End-user
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By End User
6.1.2. Basis Point Share (BPS) Analysis, By End User
©2015 Future Market Insights, All Rights Reserved
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Table of Content
6.2. Global Rugged Thermal Cameras Market Forecast By End-user
6.2.1. Military and Defense
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value Forecast, By Region
6.2.2. Industrial, Commercial & Residential
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value Forecast, By Region
6.3. Global Rugged Thermal Cameras Market Attractiveness Analysis, By End-user
6.4. Prominent Trends
7. Global Rugged Thermal Cameras Market Analysis, By Region
7.1. Introduction
7.1.1. Y-o-Y Growth Projections, By Region
7.1.2. Basis Point Share (BPS) Analysis, By Region
©2015 Future Market Insights, All Rights Reserved
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