PORTABLE THERMAL IMAGERS MARKET ANALYSIS

Portable Thermal Imagers MarketSize and Trends

The Global Portable Thermal Imagers Market accounted for US$ 3.67 Bn in terms of value in 2023 and is expected to grow at a CAGR of 10.3% during the forecast period (2023-2030). A thermal imager is a temperature-measuring instrument. Thermal imagers are also known as thermographic cameras, infrared cameras, and thermal imaging cameras. There are two types of thermal imagers, portable and fixed. These thermal imagers are non-contact type, which means that there is no physical contact between the material, of which temperature needs to be measured, and the instrument. Thermal imagers detect the infrared energy emitted, transmitted, or reflected by all materials. The device creates similar images as those made by regular cameras but with infrared radiation.

Global Portable Thermal Imagers Market: Regional Insights

North America region held a dominant position in the global portable thermal imagers market in 2022, accounting for a 40.3% share in terms of value, followed by Europe, North America, Middle East & Africa, and Latin America. The US Armed force granted Leonardo DRS9 (a defense contractor developing advanced technologies) an agreement in October 2022 to give progressed warm symbolism innovation (TS III) for the military's remote battle vehicle weapon stations. Harris Partnership (Florida, US) and L3 Advancements (New York) participated in June 2022 to lay out L3HARRIS Innovations, INC., another tactical innovation firm. This is one of the largest mergers ever in the military industry. The mix was made to serve various organizations, gain a piece of the pie, and grow the worldwide client base Due to military expenditures and their impact on the market, APAC has a significant opportunity during this time. One nation that is increasing its military expenditures is China, which is contributing to the expansion of the market. Europe is seeing an expansion sought after for items like security and reconnaissance applications, as well as huge uses in imaginative arrangements. The world's most successful manufacturer of thermal cameras is FLIR.

Figure 1: Global Portable thermal imager Market Share (%), By Region, 2022

Global Portable Thermal Imagers Market Drivers: