The Global Thermal Camera Market Growth is Accelerated by IoT Applications

The Global Thermal Camera Market is estimated to be valued at US$ 9.66 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period from 2024 to 2031.

Thermal cameras are specialized cameras able to generate monochromatic images based on infrared radiation emitted or reflected from objects within their fields of view. These cameras detect temperature variations on the surfaces of objects, helping them see in total darkness. Thermal cameras provide vision in smoke, fog, haze, and other poor visibility conditions and find applications across sectors like automotive, commercial, industrial, security and surveillance, and healthcare.

Key Takeaways

Key players operating in the Thermal Camera Market are FLIR Systems Inc., Seek Thermal, Axis Communications AB, Opgal Optronic Industries Ltd., Jenoptik AG, Fluke Corporation, PCE Instruments, Mobotix AG, LumaSense Technologies Inc., Spectronic Plc., Optris GmbH, Schneider Electric SE, DIAS Infrared GmbH, InfraTec GmbH, Ulirvision Technology Co. Ltd., HikVision Digital Technology Co., Micro-Epsilon, Caterpillar Inc., Bullit Mobile Ltd., and 3M Scott. Growing demand for thermal cameras from automotive, commercial, residential, industrial and aerospace applications are driving the thermal camera market. Major players are focusing on developing innovative thermal cameras to capture opportunities arising from various industry verticals across the globe.

The increasing adoption of Thermal Camera Market Growth in IoT applications is contributing to the global expansion of the thermal camera market. Integrating thermal cameras with IoT helps improve surveillance, enhances security and monitoring systems. In manufacturing, thermal cameras integrated with IoT enables remote equipment monitoring to optimize processes. In commercial buildings, thermal cameras combined with IoT improves energy efficiency through temperature monitoring.

Market drivers

Rising adoption of thermal cameras in perimeter security and night vision surveillance applications is fueling market growth. Thermal cameras provide enhanced visibility needed for perimeter security surveillance in total darkness. Expanding construction and infrastructure projects globally are increasing demand for thermal cameras to monitor critical assets and infrastructure. Growing demand for thermal microbolometers from various industries including automotive, aerospace, industrial, and commercial due to advantages like compact size and flexibility is expected to boost market revenues over the forecast period.

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Biswal Sneha

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