Rugged Thermal Cameras Market Report

One of the key reasons driving the market is the adoption of new security systems in light of the growing danger of security breaches. Adoption of rugged thermal cameras is expanding in the security and surveillance sectors, which is anticipated to have an influence on the future potential of the market. In addition to this, growing demand from the maritime industry and rapid technological breakthroughs are also anticipated to influence the development of rugged thermal cameras throughout the forecast period. Furthermore, due to increasing integration with smartphones and other smart devices, thermal cameras have seen rapid technological advancement in recent years. Moreover, the thermal cameras also experienced a surge in demand during the COVID-19 pandemic by identifying coronavirus infections in hospitals and transportation. As a result, the deployment of rugged thermal cameras in public places to follow patients expanded, which became a standard protocol after the pandemic years. Besides this, the rise of integrated devices such as smartphones, vehicles, and CCTVs are expected to boost the growth of the thermal camera market share during the forecast period.

Major market participants are focusing their efforts on research and development in order to develop unique goods that fulfil customer demands. They are also utilising a number of market strategies, such as product launches, mergers, partnerships, and acquisitions, to increase their position in the industry.  For instance, in September 2021, Plus, a global provider of self-driving truck technology that recently disclosed its proposed merger with Hennessy Capital Investment Corp., announced its collaboration with Teledyne FLIR, LLC on a development project to explore the integration of thermal cameras into the sensor stack used with Plus's Level 4 autonomous driving technology. Again, FLIR Systems released a Radiometric Version of the Boson Thermal Imaging Camera Module in April 2021. The new Boson radiometric camera core available in two variants, with resolutions of 640 x 512 or 320 x 256, an extensive range of lens options, and the capacity to gather temperature data for quantitative assessment. The camera core is designed for use in firefighting, surveillance, security, unmanned systems, industrial inspection, and fixed-asset monitoring systems. Furthermore, in June 2021, Xenics, Europe's leading developer and manufacturer of innovative infrared sensors, cameras, and customised imaging systems introduced new high performance thermographic long-wave infrared (LWIR) camera, Ceres T 640 which specialises in thermography with high accuracy and stability performance.

The demand for rugged thermal cameras is experiencing a surge owing to the various advantages offered by these cameras. However, there are some constraints associated with these cameras that are anticipated to hamper the market growth over the forecast period. The high cost of thermal imaging cameras, for example, is anticipated to hamper the expansion of the global rugged thermal cameras market throughout the forecast period. Despite the fact that the cost of producing thermal imaging cameras has fallen, it is still one of the costlier equipment in some applications, particularly for commercial usage. The high cost of producing these thermal cameras is a barrier to the robust thermal camera business. Thermal cameras are used commercially by just a few top suppliers in a few verticals, and the product is still perceived as being excessively expensive. Due to the high cost of these thermal cameras, applications in radiology, firefighting, and predictive maintenance are still restricted.

North America is anticipated to experience a significant growth in the rugged thermal camera market during the forecast period owing to the rising demand for thermal imaging technology in the manufacturing and commercial sectors. Furthermore, rising demand for these cameras for security and surveillance reasons in the military and defence sectors is likely to boost market growth in North America. The adoption of loT and advanced thermal imaging solutions is progressing gradually in the region, with semiconductor businesses assisting in driving advancements across developing imaging technologies.

In addition to this, the Asia Pacific region is expected to be a profitable market in the global rugged thermal camera market, topping the regional charts throughout the forecast period. This can be attributed to the Increased investment in the defence industries of a number of nations, including India and China. It is important to note that the number of territorial conflicts between India and China, in particular, is increasing, which is driving need for greater security and, in turn, driving demand for the rugged thermal camera market. Furthermore, the rising conflicts are also encouraging other governments to take equivalent actions thus driving the demand for rugged thermal cameras.   Furthermore, the rising demand for defence and monitoring is anticipated to boost the thermal camera market in the Europe region. Moreover, increased military expenditure in countries like U.K., France is also anticipated to boost the market growth for thermal cameras in Europe region during the forecast period.