The global Rugged Thermal Camera Market stands at a valuation of USD 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 USD 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) | USD 1,820.5 million |
| Global Rugged Thermal Camera Market Size (2023) | USD 1,947.9 million |
| Estimated Market Revenue (2033) | USD 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 USD 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.
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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 | USD million for Value, and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, South Africa, and GCC Countries |
| Key Market Segments Covered | By Technology, By Application, By End User, By Region |
| Key Companies Profiled | FLIR Systems Inc.; Axis Communications AB; Opgal Optronic Industries Ltd; Xenics Infrared Solutions; BAE System Inc.; L3 Technologies Inc.; AB SKF Group; Bosch Security Systems Inc.; Thermoteknix Systems Ltd.; Raytheon Technologies Corp.; Danaher Corporation; Ascendent Technology Group Inc.; Astronics Corp.; ED Bullard Co.; Fluke Corp.; Honeywell International Inc.; Leonardo DRS Inc.; Liteye Systems Inc.; SparkFun Electronics Inc.; Teledyne Technologies Inc.; Terabee SAS |
| 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 USD 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 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 5.1. Cooled 5.2. Uncooled 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Security & Surveillance 6.2. Monitoring & Inspection 6.3. Detection & Measurement 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Government 7.2. Industrial 7.3. Commercial 7.4. Residential 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. FLIR Systems Inc. 16.2. Leonardo S.p.A. 16.3. Axis Communications AB 16.4. Opgal 16.5. Xenics 16.6. BAE Systems Inc. 16.7. L3 Technologies Inc. 16.8. SKF 16.9. Bosch Security Systems Inc. 16.10. Thermoteknix Systems Ltd. 16.11. Raytheon Technologies Corp. 17. Assumptions & Acronyms Used 18. Research Methodology
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Rugged Thermal Camera Market
