Insights on Thermal Imaging Market within the Technology Hardware, Storage & Peripherals Sector | Rising Military Spending to Emerge as a Key Driver | Technavio

LONDON–(BUSINESS WIRE)–The global thermal imaging market is expected to grow at a CAGR of over 8% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep […]

LONDON–(BUSINESS WIRE)–The global thermal imaging market is expected to grow at a CAGR of over 8% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.

Learn more about how COVID-19 is impacting the thermal imaging market – Request a free sample report

Thermal scanners were primarily developed for security and surveillance applications in the military sector. The rising geopolitical tensions and border disputes between countries have led to a significant increase in military expenditure worldwide. Countries such as India, China, France, Saudi Arabia, and the US are modernizing their land, air, and sea-based defense systems and militaries. For instance, in October 2019, the Government of India announced its plans to spend USD 130 billion to enhance the combat capability of its armed forces. Such investments will have a positive impact on the growth of the global thermal imaging market during the forecast period.

Thermal imaging Market: COVID-19 Impact Analysis on Related Markets

Global Military Thermal Weapon Sights Market 2020-2024

Get FREE Sample Report

Global Infrared Imaging Software Market 2020-2024

Get FREE Sample Report

Global Solar-powered UAV Market 2020-2024

Get FREE Sample Report

Thermal imaging Market: COVID-19 Impact Analysis on Parent Market

The global technology hardware, storage & peripherals market is the parent market of the thermal imaging market. Within its scope, the technology hardware, storage & peripherals market covers companies manufacturing thermal imaging devices. Our report on the thermal imaging market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including FLIR System, BAE Systems Inc., Axis Communications AB, Danaher Corporation, DRS Technologies Inc., Raytheon Company, L-3 Communications Holdings Inc., Testo AG, Honeywell International Inc., and Fluke Corporation.

Technavio’s research report on the thermal imaging market identifies the key drivers, trends, challenges, and the market scenario over the forecast period. The report also analyzes the impact of these factors on the overall technology hardware, storage & peripherals market.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Thermal imaging Market: Segmentation Analysis

The global thermal imaging market has been analyzed across various segments to identify market dynamics, developments, and key growth areas during the forecast period. The report also offers insights on high growth regions and opportunities for vendors operating in each sub-segment of the thermal imaging market. The market is segmented as follows:

Technology

Geography

  • North America (NA)
  • South America (SA)
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)

Register for a free trial today and gain instant access to 17,000+ market research reports

Technavio’s SUBSCRIPTION platform

Vendor Landscape

Technavio’s industry coverage utilizes various sources and tools to gather information about multiple stakeholders and their offerings toward the thermal imaging market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the technology hardware, storage & peripherals market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Next Post

Amazon Prime Day 2020 Gaming Deals

When you buy through our links, we may earn money from our affiliate partners. Learn more. Alyssa Powell/Business Insider Amazon Prime Day 2020 has arrived, delivering hundreds of gaming deals with it. Whether you’re looking for discounts on controllers, games and accessories, or looking for a monitor, mouse or keyboard […]