Market Trends of Handheld Thermal Imaging Equipment Industry
This section covers the major market trends shaping the Handheld Thermal Imaging Equipment Market according to our research experts:
Aerospace and Defense Sector Offers Potential Growth
- Handheld thermal imaging is popularly used by the army and navy for border surveillance and law enforcement. It is also used in ship collision avoidance and guidance systems. In the aviation industry, it has greatly mitigated the risks of flying in low light and night conditions.
- Whether a firefighter, a law enforcement officer or a member of a search and rescue team, handheld thermal imagers give you a tactical advantage in the field, providing clear images in total darkness. Delivering mission-critical information which can save lives, these rugged and portable systems reveal the location of victims and suspects alike.
- Many technological advancements are first tried out by the army. The lack of visual range makes them susceptible to improvised explosive device (IED) attacks and ambushes. So the army and other military activities always look for solutions that can provide them with active, 360° surveillance available solutions, which consist of multi-sensor surveillance systems made up of sub-cameras and thermal imaging cameras for route clearance and reconnaissance missions.
- For instance, in February 2018, FLIR Systems Inc. launched the FLIR M232 marine thermal night vision camera that belongs to the FLIR M100 and M200 series. It is an efficient tilt marine thermal night vision camera that received a Design Award Special Mention ( DAME ) accolade in the ‘Marine Electronics and Marine Related Software’ category.
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Asia-Pacific to Witness the Fastest Growth
- The growth in Asia-Pacific is attributed to the military strengthening activities being undertaken in the region, mainly in China and India. China planned to boost its military spending by 8.1% in 2018, as it is aiming to bring in an ambitious modernization drive for its armed forces further.
- Moreover, China has also emerged as a technology hub and has achieved a breakthrough in the technological inventions to make equipment that is useful for military purposes to compete with US technologies. It was even observed that the country is now providing Russia with thermal imaging equipment that is important for Russia.
- Further, India is also witnessing the advent of advanced technology startups in the defense sector. The company, Tonbo Imaging, is developing a lightweight thermal imaging device called ‘Cobra’ and a dual-sensor thermal weapon named ‘Arjun’.These are incorporated with an inbuilt wireless video interface.
- These factors are anticipated to contribute to the growth of the handheld thermal imaging cameras market for the defense sector, owing to their extensive use in border surveillance.
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