MEA Thermal Imaging Systems Market Size

MEA Thermal Imaging Systems Market Analysis

The Middle East and Africa Thermal Imaging Systems market are expected to register a CAGR of 9.1% over the forecast period. The market is expected to grow steadily due to the increased thermal camera usage across various industries, including Aerospace and Defense, Automotive, Healthcare and Life Sciences, Oil and Gas, Food and Beverages, and others.

• In the Middle East and Africa, there is a lot of conflict between ISIS, Al-Qaeda, Al-Shabaab, Boko Haram, and other terrorist groups. In both Africa and the Middle East, there is always geopolitical upheaval. The Middle East is a significant buyer of military hardware. Thermal imaging technology aids the military forces in the region in their war against rebels and terrorists in the region's rough terrains. Recently, Qatar's military spent USD 11.6 billion, making it the fifth largest spender in the Middle East.
• Furthermore, the growing applications of thermal cameras, such as rescue operations, crime investigation, road safety, and so on, have boosted the overall market growth. Thermal cameras can also help firefighters locate hotspots and see through smoke, which can help prevent catastrophic accidents. Furthermore, the growing preference for Advanced Driver-Assistance Systems and rising demand for wireless temperature sensors drive the studied market growth.
• For instance, in February this year, UAE-based Teledyne FLIR announced the launch of the FLIR Cx5, a new pocket-portable thermal camera for condition monitoring in hazardous environments. The FLIR Cx5 has a robust ATEX-compliant case, which authorizes users of this camera to monitor electrical or mechanical assets in hot working zones safely.
• According to the new military strategy, the Saudi Arabian armed forces will modernize their military capabilities by acquiring high-tech and effective weapon systems that provide them with military superiority. To protect Saudi Arabia against internal threats such as extremism and terrorism, the Saudi Arabian Defense Doctrine (SDD) outlines several goals to enhance its military structure and capabilities. Further, the government of the Kingdom plans to increase the local military equipment spending to 50% by 2030. Such developments by governments in the region are anticipated to drive the growth of the market during the forecast period.
• Increased demand for IR cameras is driven by factors such as the growing need for surveillance across various industries, the continual reduction of thermal camera costs, and the rapid development of high-speed infrared cameras. Inaccurate measurements and picture color problems associated with cameras, on the other hand, pose a threat to the industry's growth. The military and defense industries, as well as vehicles, rely heavily on infrared cameras.
• COVID-19's breakout and spread have caused a halt in the region's economic development. It has harmed several sectors, including thermal imaging. Companies were preparing and trying to keep their operations running. The primary obstacles that businesses encounter are product manufacturing and distribution. To restrict the spread of the epidemic, some nations worldwide have implemented or extended lockdowns, causing interruptions in the thermal imaging market's supply chain. Furthermore, the market is expected to grow in the forecast period as various industries such as Automotive, Aerospace and Defense, and many others are proliferating in the region.