An Incisive, In-depth Analysis on the Rugged Thermal Cameras Market
This study offers a comprehensive, 360 degree analysis on the Rugged Thermal Cameras market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Rugged Thermal Cameras market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Surveillance and Security to be the biggest market driver throughout the forecast period
Un-cooled thermal cameras are primarily used in surveillance and security for securing larger compounds. Therefore, rugged thermal cameras are witnessing increased demands from nations such as the U.S, China and Russia i.e., countries having a large military industry complex, utilities, and infrastructure development. In the year 2016, the Surveillance & Security application segment recorded a revenue of slightly more than US$ 1.3 Bn. By the end of the year 2027, this segment is anticipated to reach a market valuation of more than US$ 3 Bn, representing a CAGR of 8.3% for the decadal study. An incremental dollar opportunity of almost US$ 1.8 Bn can be hoped to be achieved from the Surveillance & Security segment for the period between 2017 and 2027.
Sharp rise in defence expenditure expected to benefit the Surveillance & Security segment
Global uncertainty and volatility on account of civil wars and territorial and ideological disputes are predicted to boost global defence spending on a massive scale. Countries in the Middle East and South China Sea region in particular should drive the demand for rugged thermal cameras as they would require these cameras for surveillance and security purposes. Eastern European nations have hiked their defence budget substantially and seven of the 10 countries with the highest defence budgets are either Asian or Eastern European. A few examples include Iraq, Lithuania, Philippines, Japan, Vietnam, China and India.
Asia Pacific to be the most important region in terms of revenue growth of the Surveillance & Security segment
Asian countries are recording sharp hikes in their defence spending, the global slowdown notwithstanding. This can largely be attributed to the unrest in the Middle East along with territorial disputes in the South China Sea region. In March 2017, China announced an increase of 7% in its defence budget, taking the figure to just over US$ 150 Bn. In the month before that, its neighbouring nation India also increased its defence budget by a substantial 5% to take its total to slightly under US$ 40 Bn. This has led to an inevitable domino effect where all the countries of the region feel compelled to respond and react. The countries will logically require rugged thermal cameras and the Surveillance & Security segment is predicted to be a major beneficiary of this.
China and India to lead the way in the APEJ rugged thermal cameras market
In the year 2016, the China rugged thermal cameras market was valued at around US$ 350 Mn and this should increase to more than US$ 950 Mn by the year 2027 with a CAGR of 9.7% during this 10 year period. An incremental dollar opportunity of nearly US$ 580 Mn can be anticipated for the period 2017-2027. The India rugged thermal cameras market was worth roughly US$ 50 Mn in the year 2016 but is expected to show a rapid Y-o-Y growth of more than 9%. By the end of the forecast period, the India rugged thermal cameras market is predicted to be slightly more than US$ 140 Mn in value with a CAGR of 10.4% during the study period. An incremental dollar opportunity of approximately US$ 90 Mn is likely to be witnessed within the period from 2017 to 2027 in the India rugged thermal cameras market.
Rugged thermal cameras, also called thermal imaging or infrared cameras are gadgets that click an image with the help of infrared radiation. In its report ‘Rugged Thermal Cameras Market: Global Industry Analysis and Opportunity Assessment 2017-2027’, the analysts at Future Market Insights have studied the global rugged thermal cameras market across different geographic regions for a 10-year study period beginning in the year 2017 and culminating in the year 2027. We have highlighted the important trends and developments that can be reasonably expected in the global rugged thermal cameras market. Our analysts have studied the global rugged thermal cameras market extensively and given their expert opinion and suggestions for both current stakeholders as well as companies that wish to enter the global rugged thermal cameras market.
Future Market Insights has pioneered a unique research methodology that is amongst the best in the industry to thoroughly study the global rugged thermal cameras market. We begin with extensive primary research that is obtained by interacting with industry experts and key stakeholders in the global rugged thermal cameras market. The next step is secondary research that allows us to gather qualitative data through industry journals, articles, blogs, company websites and other sources of information. The data thus obtained is validated using the triangulation method and further scrutinised using advanced tools to obtain qualitative and quantitative insights into the global rugged thermal cameras market.
By End User
The global rugged thermal cameras market report begins with a comprehensive executive summary. We have mentioned some important statistics pertaining to the global rugged thermal cameras market such as market value, CAGR, the segment anticipated to dominate the global rugged thermal cameras market along with the largest end user segment. In addition, major drivers and restraints of the global rugged thermal cameras market have been highlighted. Our analysts have incorporated various acronyms and assumptions within the global rugged thermal cameras market report; all of these have been highlighted in a separate section.
The next section of the global rugged thermal cameras market report is an overview that comprises of seven subsections. We begin with the market definition and market taxonomy. In the product overview section, we have classified the global rugged thermal cameras market on the basis of technology and wavelength. Understanding the rugged thermal cameras market dynamics is absolutely critical for both current stakeholders and companies wishing to enter the global rugged thermal cameras market. We have touched upon the drivers, restraints, challenges and opportunities that you can expect to encounter in the global rugged thermal cameras market. The value chain helps explain the relationship between the component manufacturers, camera manufacturers, OEMs and end users in the rugged thermal cameras market. A market forecast for the decadal period follows thereafter and this mentions the Y-o-Y growth opportunities along with the absolute dollar opportunity. The overview section concludes with a few trends likely to impact the global rugged thermal cameras market and a snapshot in terms of Market Share on the basis of Application, End User and Region.
The following section of the global rugged thermal cameras market report is a market analysis on the basis of Application. The Y-o-Y growth comparisons, Basis Points Share (BPS) analysis, absolute dollar opportunity analysis and the market value forecast for each application across every geographic region has been highlighted. The rugged thermal cameras market attractiveness analysis by Application as well as major trends to look forward to deliver all the information that our reader may desire.
The next report section analyses the global rugged thermal cameras market by end users. The Basis Points Share analysis, Y-o-Y growth figures and the market value predicted for every region along with the absolute dollar opportunity can be found here. The overall rugged thermal cameras market attractiveness on the basis of end users along with key trends that can be anticipated in the global rugged thermal cameras market can be understood after referring to this section.
We then study the global rugged thermal cameras market by dividing it into seven geographic regions. The Y-o-Y growth projections, Basis Point Share, and the absolute dollar opportunity of the major markets in each region is mentioned for our readers’ benefit. Any stakeholder wishing to target only particular regions such as APEJ or North America would be advised to refer to this section.
We conclude the global rugged thermal cameras market report with a competition dashboard that profiles some of the major companies operating in the global rugged thermal cameras market. We provide a brief description of the company, key financials, a segment overview, products offered, and the regional as well as product strategy for some of the players in the global rugged thermal cameras market.