Global $3.22 Billion Thermal Imaging Market for the Mobility Industry to 2025: Increasing Penetration in Machine Vision-Based Applications (Uncooled IR Sensors)

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May 05, 2021, 13:15 ET

DUBLIN, May 5, 2021 /PRNewswire/ -- The "Global Thermal Imaging Market for the Mobility Industry 2020-2025: Analysis of Applications, Products and Countries" report has been added to ResearchAndMarkets.com's offering.

The global thermal imaging market for the mobility industry is expected to reach $3.22 billion by 2025. The growth of the market can be attributed growing awareness for thermal imaging for better survelliance and need to combat accidents.

In the mobility segment, drones with thermal imagers are widely used for various activities such as search and rescue operations, firefighting, solar farm inspections, utility inspections, and much more. With respect to the vehicles used by the defense sector of various countries, thermal imaging has a major role to play in surveillance around the borders and tracking movements in restricted areas. Also, armored fighting vehicles are able to lock heat signatures which helps in planning strategic attacking strategies using this technology.

This report is a good compilation of research on more than 40 players in the thermal imaging market for mobility. It draws upon the insights from in-depth interviews with key opinion leaders of more than 20 leading companies, market experts, and vendors.

The major advantage thermal imaging has is that it can be used in any condition and does not require any additional light. In the mobility segment, drones with thermal imagers are widely used for various activities such as search and rescue operations, firefighting, solar farm inspections, utility inspections, and much more.

With respect to the vehicles used by the defense sector of various countries, thermal imaging has a major role to play in surveillance around the borders and tracking movements in restricted areas. Also, armored fighting vehicles are able to lock heat signatures which helps in planning strategic attacking strategies using this technology.

In the case of autonomous vehicles, bad lighting, dark travel, bright sun glare, and inclement weather make classification difficult. In these normal driving conditions, thermal sensors increase the ability to see in darkness, despite the mist, fog, and sunlight, and accurately identify cars, humans, animals, and other objects. In addition, thermal cameras are similarly effective in daytime driving.

The market research study offers a wide perspective of different types of thermal imagers and applications they are used for. The report also provides an analysis of the market penetration of these types in different applications and their growth opportunities across different regions as well as countries. The study focuses on the changing landscape of the thermal imaging market for mobility, owing to the significant developments made by the leading players.

Competitive Landscape

The global thermal imaging market for mobility competitive landscape consists of different strategies undertaken by key players across the industry to gain traction and market share presence. Some strategies adopted by the camera providers are new product launches, business expansions, mergers, partnerships, and collaborations. Among all these strategies adopted, product development is the popular choice of the strategy implemented in the thermal imaging market for mobility.

Key Questions Answered in This Report

For a new company looking to enter the market, which areas could it focus upon to stay ahead in the competition?
How do the existing market players function to improve their market positioning?
Which are the promising companies that have obtained financial support to develop their products and markets?
How does the supply chain function in the global thermal imaging market for the mobility industry?
Which companies have been actively involved in innovation through patent applications, and which products have witnessed maximum patent applications during the period 2017-2020?
Which product segment is expected to witness the maximum demand growth in the global thermal imaging market for the mobility industry during 2020-2025?
Which are the players that are catering to the demand for different thermal cameras?
How should the strategies adopted by market players vary for different product segments based on the size of companies involved in each segment?
What are the key offerings of the prominent companies in the market for thermal cameras?
What are the demand patterns of thermal cameras across the application areas in different regions and countries during the period 2019-2025?

Industry Outlook

Trends: Industry Dynamics Defining the Future Trends in Global Thermal Imaging Market for Mobility Industry

Thermal Camera-Equipped UAVs Adoption Increases across a Variety of Industrial and Research Application
4th Generation Night Vision System
Increasing Penetration in Machine Vision-Based Applications (Uncooled IR Sensors)

Supply Chain Analysis

Business Dynamics

Market Drivers

Rise in Investment of Armed Force Modernization Worldwide
Growing Awareness of Thermal Imaging Combat Accidents
Increase in Production Volume Leads to Price Reduction

Market Restraints

Export Restriction Imposed to Limit the Market Growth
Reduction in Defense Budget

Business and Corporate Strategies

Market Opportunities

Performance Improvement in ADAS and AV

Competitive Benchmarking & Company Profiles

Axis Communications AB
Excelitas Technologies Corp.
FLIR Systems, Inc.
HGH Infrared System
InfraTec GmbH
JENOPTIK AG
L3Harris Technologies, Inc.
Leonardo
Lynred
Opgal
Stonkam Co. Ltd.
Tonbo Imaging Pvt. Ltd.
Veoneer Inc.
Workswell
Xenics

For more information about this report visit https://www.researchandmarkets.com/r/58ft4f

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