The global rugged thermal camera market stands at a valuation of US$ 1,947.9 million in the year 2023. Sales of rugged thermal cameras are anticipated to progress at an impressive CAGR of 8.6% from 2023 to 2033. FMI's global rugged thermal camera market analysis report predicts the market valuation to reach US$ 4,458.6 million by 2033.
Sales of rugged thermal cameras currently account for a 35% share of the global thermal imaging market. Thermal imaging applications have seen a substantial increase in the past few years, which is anticipated to influence rugged thermal camera sales through 2033.
Rugged cameras are preferred as they are more durable and suitable for harsh battle environments and challenging industrial applications. The use of thermal cameras in weapon sights and stations, naval observation, tanks, and military vehicles, is also driving the demand.
The application of rugged thermal cameras is witnessing a rise in the security and surveillance domain which could influence the market’s future potential. The adoption of new security systems in light of the increased risk of security breaches is one of the leading factors that are driving the market. Rising demand from the marine sector and rapid technological advancements might guide the development of rugged thermal cameras during the projected period.
Thermal cameras have seen rapid technological evolution in recent years as their integration with smartphones and other smart devices has increased. Rugged phone with a thermal camera is a significant breakthrough that is expected to emerge as a lucrative market segment in the coming days.
The need for thermal camera systems increased in the hospitals and transportation sectors as an effective method of detecting coronavirus infections. Thereby, the use of rugged thermal cameras increased in public spaces to track patients which has turned into a common protocol after the pandemic years.
The emergence of integrated products like smartphones, automobiles, and CCTVs is anticipated to accelerate the increase of the thermal camera market share. However, the high cost of rugged thermal cameras is expected to act as a key restraining factor for the market.
| Attributes | Details |
|---|---|
| Global Rugged Thermal Camera Market Size (2022) | US$ 1,820.5 million |
| Global Rugged Thermal Camera Market Size (2023) | US$ 1,947.9 million |
| Estimated Market Revenue (2033) | US$ 4,458.6 million |
| Forecast Growth Rate (2023 to 2033) | 8.6% CAGR |
| Security and Surveillance Application Share | 41.7% |
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According to the previous global rugged thermal cameral market survey reports, the total valuation of the market reached US$ 1,412.5 million in 2018. Across the world, sales of rugged thermal cameras rose at an average annual rate of 6.5% during the years 2018 to 2022.
Production of rugged thermal cameras was impacted in 2020 as lockdown restrictions disrupted supply chains. With lockdown mandates in place across the world, industrial facilities and public places were shut down. Manufacturing activity was hampered and caused a drop in market revenues hence 2020 and 2021 were challenging years for rugged thermal camera companies.
Sales of rugged thermal cameras made a comeback in the post-pandemic era and rendered the market a higher CAGR during 2022 and 2023. With supply chains and economic activities strengthening further, the overall market is poised to remain lucrative.
Increasing Scope of Application in Military and Industries to Boost Rugged Thermal Camera Demand
Leading rugged thermal camera manufacturers are focusing on improving the features and functions to increase business from existing end-use verticals. Innovation in gimbals, drones, sensors, and incorporating IR cameras with driver vehicle enhancers (DVEs) and unmanned aerial vehicles (UAVs) could be game-changers.
For instance, Exavision, from 2020 to 2021, has focused on increasing the supply of its naval remote-controlled targeting systems to multiple customers. Now, it is focusing on supplying these systems to the French Navy. The targeting system is a smart combination of uncooled thermal cameras and daylight sensors in a sturdy and tested waterproof mechanical assembly.
The use of thermal cameras in industries has seen a substantial rise with the growing popularity of automated industrial facilities. Thermal cameras have proven their efficiency in the maintenance of industrial equipment and enable a non-destructive testing approach in multiple industrial activities.
In June 2019, Fluke, a leading name in the compact electronics industry, announced to revamp its entire industrial thermal camera range with premium features. The new range is aimed at advancing industrial inspections to a new level thereby adding more value to its product portfolio.
Principal Consultant
The rugged thermal camera market metrics for 6 broad geographical regions have been discussed in detail in this research report.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 33.8% |
| Europe | 20.7% |
Based on the survey reports, the United States is the leading country for the development and implementation of rugged thermal cameras. The focus of government on improving military might and superiority is anticipated to favor rugged thermal camera manufacturers positively in the country.
The United States military expenditure has increased substantially over the past few years. Creating a huge demand for advanced surveillance and reconnaissance equipment. The nation has also seen a robust increase in research and development for the same motivating many private players to enter the market. So new companies are focusing on acquiring government contracts and are investing in the development of thermal cameras that are suited for military use.
| Regional Market | Global Market Share in Percentage |
|---|---|
| United States | 25.4% |
| Germany | 10.2% |
| Japan | 7.2% |
| Australia | 3.2% |
China is the leading market for the production of rugged thermal cameras in comparison to other nations in the Asia Pacific region. Chinese production of rugged thermal cameras was hampered massively as the pandemic originated in the nation and saw a drop in 2020.
China has seen an increase in territorial disputes in recent years which has enabled the nation to bolster its military and defense sector. Demand for rugged thermal cameras for surveillance and security could increase China's spending and investments in the military and defense industry increases. The well-established electronic manufacturing sector is also expected to shape its export potential for rugged blackview thermal cameras.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 13.2% |
| China | 19.4% |
| India | 18.5% |
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Thermal cameras provide security in dark and unfavorable conditions hence their demand for security and surveillance purposes has seen a hike in popularity. Currently, this segment accounts for a market share of 41.7% of the global industry landscape and is expected to maintain this through 2033.
The monitoring and inspection segment accounted for a share of 27.2% in 2022, followed by the detection and measurement segment, accounting for 18.1%. The surging adoption of rugged thermal cameras by military and defense organizations is expected to progress further in these two segments.
| Category | By Technology |
|---|---|
| Top Segment | Cooled Thermal Camera |
| Market Share in Percentage | 58.2% |
| Category | By Application |
|---|---|
| Top Segment | Security & Surveillance |
| Market Share in Percentage | 41.7% |
With the presence of a few renowned rugged thermal camera manufacturers with extensive supply networks, the market is highly competitive. The global suppliers are also focusing on mergers and acquisitions to further develop their product portfolios. Moreover, diversify their offerings for multiple geographies.
Rugged thermal camera manufacturers are investing in the research and development of new innovative technologies to provide unique solutions to end users. In November 2020, FLIR, a renowned name in the thermal imaging industry, announced the launch of its new compact thermal camera.
The new FLIR C3-X is equipped with a 128×96 PX thermal camera and a 5MP visual camera that is powered by MSX image enhancement. To deliver the best results it comes with a cloud connectivity feature and has an operating time of around 4 hours.
Rugged thermal camera manufacturers are trying to cash in on revenue potential from industrial users by launching products tailored specifically for industrial operations. Additionally, many leading market participants are creating ground-breaking solutions for thermal camera applications such as integrating IoT, IIoT, and AI.
The new market players also have significant potential by expanding application fields for thermal cameras that require a sturdy build. Thermal cameras are effective for complete darkness, but atmospheric conditions have an impact on their range of vision. So the applications and use of thermal cameras are still limited to industrial and defense sectors and can expand in the coming days.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value, and Units for Volume |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Market Segments Covered |
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| Key Companies Profiled |
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| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is expected to secure a valuation of US$ 1,947.9 million in 2023.
Increasing the scope of applications in the military and industries to boost rugged thermal camera demand.
The market is anticipated to grow to 4,458.6 million by 2033.
The United States may witness significant growth with a market share of 25.4%.
China is projected to emerge as a lucrative market.
1. Executive Summary | Rugged Thermal Camera Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033
5.3.1. Cooled
5.3.2. Uncooled
5.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Security & Surveillance
6.3.2. Monitoring & Inspection
6.3.3. Detection & Measurement
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End User, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End User, 2023 to 2033
7.3.1. Government
7.3.2. Industrial
7.3.3. Commercial
7.3.4. Residential
7.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Technology
9.2.3. By Application
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Technology
9.3.3. By Application
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Technology
10.2.3. By Application
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Technology
10.3.3. By Application
10.3.4. By End User
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Technology
11.2.3. By Application
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Technology
11.3.3. By Application
11.3.4. By End User
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Technology
12.2.3. By Application
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Technology
12.3.3. By Application
12.3.4. By End User
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Technology
13.2.3. By Application
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Technology
13.3.3. By Application
13.3.4. By End User
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Technology
14.1.2.2. By Application
14.1.2.3. By End User
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Technology
14.2.2.2. By Application
14.2.2.3. By End User
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Technology
14.3.2.2. By Application
14.3.2.3. By End User
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Technology
14.4.2.2. By Application
14.4.2.3. By End User
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Technology
14.5.2.2. By Application
14.5.2.3. By End User
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Technology
14.6.2.2. By Application
14.6.2.3. By End User
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Technology
14.7.2.2. By Application
14.7.2.3. By End User
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Technology
14.8.2.2. By Application
14.8.2.3. By End User
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Technology
14.9.2.2. By Application
14.9.2.3. By End User
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Technology
14.10.2.2. By Application
14.10.2.3. By End User
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Technology
14.11.2.2. By Application
14.11.2.3. By End User
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Technology
14.12.2.2. By Application
14.12.2.3. By End User
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Technology
14.13.2.2. By Application
14.13.2.3. By End User
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Technology
14.14.2.2. By Application
14.14.2.3. By End User
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Technology
14.15.2.2. By Application
14.15.2.3. By End User
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Technology
14.16.2.2. By Application
14.16.2.3. By End User
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Technology
14.17.2.2. By Application
14.17.2.3. By End User
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Technology
14.18.2.2. By Application
14.18.2.3. By End User
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Technology
14.19.2.2. By Application
14.19.2.3. By End User
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Technology
14.20.2.2. By Application
14.20.2.3. By End User
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Technology
15.3.3. By Application
15.3.4. By End User
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. FLIR Systems Inc.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Leonardo S.p.A.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Axis Communications AB
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Opgal
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Xenics
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. BAE System Inc.
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. L3 Technologies Inc.
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. SKF
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Bosch Security Systems Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Thermoteknix Systems Ltd.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
16.1.11. Raytheon Technologies Corp.
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
16.1.11.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Rugged Thermal Camera Market
