The global [FURL=https://www.industryarc.com/Research/Thermal-Imaging-Market-Research-507684?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Thermal Imaging Market[/FURL] is estimated to surpass $14.2 billion mark by 2026 growing at an estimated CAGR of more than 7.6% during the forecast period 2021 to 2026. The market growth is mainly driven by the factors such as increasing adoption in many sectors like automotive, R&D, Defence, Manufacturing and medical for the thermal solutions. Increasing demand for security and surveillance application in private and public environment is one factor which drives the market. Increased urbanization is expected to increase the demand for additional advanced security solutions. Rising investment in infrastructural systems along with developing demand for surveillance is another key factor for the market growth. Decrease in the cost of thermal cameras has been driving the market. Increased demand for the wireless temperature sensors. These factors are set to boost the market growth for Thermal Imaging during the forecast period 2021-2026Key Takeaways
The thermal imaging market is estimated to driven by the factors like increasing demand for the security and surveillance. Also the high demand across the commercial and residential sector is another factor. .
North America is expected to hold the major market share due to presence manufacturers and increased R&D for the thermal imaging market.
Due to law enforcement activities as well as in the commercial and industrial sectors, there is huge demand for the products in the market.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=507684[/FURL]
Thermal Imaging Market Segment Analysis - By Geography
North America will dominate the market during the forecasted period with a share of 35% in 2020 due to increasing manufacturers, providers and also increasing R&D centres. APAC has the great opportunity during the period due to the military expenses and their impact towards the market. China is one country which spends increasingly more on Military thereby driving market growth. Europe has rising demand for the products like security and surveillance applications also provide great investments on advanced solutions.
Thermal Imaging Market Drivers
Rising demand for thermal imaging cameras in defence and residential surveillances
Development of Low Priced Products
Thermal Imaging Market is consolidated with the players FLIR systems Inc., BAE Systems Inc., Fluke Corporation, Leonardo S.p.A, Raytheon Company. These companies have adopted both organic and inorganic growth strategies such as product launches and developments, partnerships, agreements, contracts, and mergers & acquisitions to strengthen their position in the market.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.