(MENAFN- EIN Presswire)
Market Size – USD 3.60 billion in 2021, Market Growth - CAGR of 5.9%
NEW YORK CITY, NEW YORK, USA, August 4, 2022 /EINPresswire.com / -- The global Thermal Imaging Market is forecast to reach USD 6.01 Billion by 2030, according to a new report by Reports and Data. The growth of thermal imaging in various end-use industries is driving market demand. An increase in terrorist activities has impacted government and non-government's revenue to a great extent. Increasing terrorism, instability, geopolitical tension, and cross border terrorism is driving market demand. The investment in the defense system for the modernization of military equipment is also encouraging the growth of the market. Thermal imaging helps armed forces to protect borders during nightfall and extreme weather.
The growth of the market also depends on the advancement of medical technologies. Several growth opportunities and adoption of the latest advanced technologies in the sector is providing ample growth opportunity for the market. Several areas, such as digital research and construction management, involve the usage of thermal imaging technologies. It is crucial for construction planners to study energy losses, moisture inspections, and building envelope inspection.
High level of investment in construction development coupled with the growing demand for professional surveillance and the rising need for security applications in public and private sectors are propelling the market demand. However, restrictions in export and additional details required for longwave infrared cameras are hampering the market demand.
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Top Profiled in the Thermal Imaging Market Report:
•Axis Communications AB
•L3HARRIS Technologies, Inc
Product Type Outlook (Revenue, USD Billion; 2019–2030)
Wavelength Outlook (Revenue, USD Billion; 2019–2030)
•Short Wavelength Infrared (SWIR)
•Middle Wavelength Infrared (MWIR)
•Long Wavelength Infrared (LWIR)
Application Outlook (Revenue, USD Billion; 2019–2030)
•Security and Surveillance
•Monitoring and Inspection
•Detection and Measurement
End-use Outlook (Revenue, USD Billion; 2019–2030)
•Aerospace and Defense
•Oil and Gas
•Healthcare and Life science
•Food and Beverage
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Key Takeaways of the Thermal Imaging Market Report:
•A comprehensive overview of the global Thermal Imaging industry.
•Accurate market projections in terms of market size, share, and volume.
•Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
•Deep-dive analysis of the upcoming market trends.
•Qualitative and quantitative analyses of the Thermal Imaging Market.
•Elaborate study of the leading regional markets in the Thermal Imaging Market.
•Complete overview of the market's competitive landscape.
•Brief look at the company profiles and portfolios.
Key Regional Markets Covered in the Report:
oRest of Europe
oRest of Asia Pacific
oRest of Latin America
•Middle East & Africa
oRest of Middle East & Africa
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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