Rugged Thermal Cameras Market Forecast and Segments, 2015-2025

Market Overview

The effective application of rugged thermal cameras in fire-fighting has led to the rise in awareness about benefits of thermal imaging. Rugged thermal cameras show infrared radiation as the only visible light source, creating an image on the output screen which defines the temperature variations in the captured picture. Owing to this feature of thermographic imaging, the demand for rugged thermal cameras has witnessed considerable growth. Healthcare industry has increased the adoption of rugged thermal cameras for identifying irregularities in the body heat circulation of patients.   

The potential benefits derived from variable applicability of thermographic imaging has influenced the growth of the global rugged thermal cameras market. As a result, the defence and military industry around the world has reformed their imaging techniques. Rugged thermal cameras are being extensively installed in the combat eyewear to detect heat signatures in the battle zone, which can be considered as the major trend bolstering the global market.

Drivers & Restraints

While multiple applicability of thermographic imaging is gaining importance, it is not the only major factor driving the growth of the global market for rugged thermal cameras. The foray of rugged thermal cameras into customer retail is creating a huge impetus on the market’s growth. For instance, Caterpillar Inc. is a smartphone manufacturer that has recently launched its Cat S60 model, which has used a rugged thermal camera as its secondary camera, allowing several uses of thermographic imaging features. The declining cost of manufacturing rugged thermal cameras is also a major driver for the growth of the market. Owing to the success of commercial applications, the demand for rugged thermal cameras is expected to register manifold growth.

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High expenditure on defence and military industry in several regions of the world is also a key factor fuelling the growth of the rugged thermal cameras market. However, this factor is not uniformly beneficial for the growth of the global market. Some of the world’s leading countries are expected to lower their military expenditure and this move is anticipated to restrain the demand for rugged thermal cameras, thereby posing to be the biggest challenge on the global market growth.

Rugged Thermal Cameras Market: Segmentation

The global rugged thermal cameras market can be segmented,

On the basis of application,

On the basis of type,

On the basis of solution,

On the basis of end-user sector,

North America & APAC Regions: Lucrative Markets for Rugged Thermal Cameras

North America is expected to be the foremost region favouring the increasing demand for rugged thermal cameras. Owing to the flourishing North American industrial sectors, higher adoption of thermographic imaging for manufacturing processes is expected incite higher demand for rugged thermal cameras. Meanwhile, Asia-Pacific (APAC) countries such as India and China are expected to increase their defence expenditures, leading to the favourable growth of the rugged thermal cameras market.

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Competitive Landscape

The growing R&D initiatives of the manufacturers is expected to improve the production cost of rugged thermal cameras. Danaher Corporation, BAE Systems, L-3 Communications Holdings, Inc., DRS Technologies, Inc., Sofeadir Group, FLIR Systems, Inc., Thermoteknix Systems Ltd., Testo AG, and Raytheon Company are the key companies of the global market for rugged thermal cameras.

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Thermotecknix Systems Ltd. is a leading key player of the market, whose main operation is to manufacture miniature radiometric and rugged thermal imaging cameras for commercial and military industry. To expand the product portfolio of these cameras, the company has developed thermal cameras for filmmakers to produce pioneering nature documentaries. Furthermore, the company began designing helmet-mounted and handheld camera mounts with incorporated night-vision technology and effective low power consumption. This product development was effectively adopted for security purposes that used such rugged thermal cameras for silent operations.