Market Size of NA Thermal Imaging Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Thermal Imaging Systems Market Analysis
The North American thermal imaging systems market is expected to record a CAGR of 6.1% during 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, and food and beverages.
- The advent of smartphones as cost-effective handheld/portable thermal imaging devices is expected to increase technology adoption. Caterpillar (Cat) companies have integrated FLIR's thermal imaging camera in the Cat S60 and the latest Cat S61 smartphones.
- The United States is involved in various international activities, including peacekeeping missions and assisting foreign governments. As the United States becomes involved in various minor engagements and skirmishes worldwide, appropriate technology to defend the troops becomes increasingly critical.
- The US and Canadian soldiers have fought in the dark and under challenging conditions. Thus, even small advances in technology may make a significant difference. Thermal imaging technology has aided armies in combating the enemy and terrorists in the dark, allowing them to neutralize the danger.
- Thermal imaging is an example of a technology that began in military applications and is now employed in various industries. Thermal imaging is transforming the world with uses spanning from military to personal portable cameras and cellphones. Though it has a wide range of applications, some connected to saving lives have proven to be game-changers. These devices have grown more compact, user-friendly, and capable of producing high-resolution pictures.
- Increased demand for IR cameras is driven by factors such as the growing need for surveillance across a wide range of 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 are posing a threat to the industry's growth. The military and defense industries, as well as vehicles, rely heavily on infrared cameras.
