Press release
Portable Thermal Imagers Analysis By Manufacturers Flir Systems, BAE Systems, Thales Group, Safran Electronics and Defense, Elbit Systems, Seek Thermal, Fluke
Market Dynamics- Restraints
Competitive pricing by new entrants in Asia Pacific companies is expected to restrain growth of the global portable thermal imagers market over the forecast period
Intense competition among manufacturers of portable thermal imagers is expected to restrain the market growth in the near future. The manufacturers of portable thermal imagers in China and India have easy access to cheap raw materials and labors, which allows them to produce low priced products. This, in turn, is expected to hamper the global market players significantly. Increasing functionality and performance, coupled with decreasing prices in developed economies such as North America and Europe have made it challenging for key market players to compete with manufacturers from emerging economies. This is expected to hinder the market growth over the forecast period.
High initial cost of portable thermal imagers is expected to hamper the global portable thermal imagers market growth during the forecast period
The initial cost of this equipment is much higher than the currently used contact type temperature detection instrument. Therefore, companies are hesitant in investing in portable thermal imagers. This is expected to hamper growth of the global portable thermal imagers market over the forecast period.
Download A Readymade Sample PDF Copy now with Some Benefits
https://www.coherentmarketinsights.com/insight/request-sample/3415
**including TOC, figures and Chart+30 minutes of consultation
Market Opportunities
An increasing use of portable thermal imagers in the healthcare sector is expected to create lucrative growth opportunities to key players
Portable thermal imagers are used predominantly in the healthcare sector for determining body temperature, as body temperature is an essential indicator of people's health. By measuring temperature using infrared camera systems, it offers few specific advantages for doctors as well for patients. There are various diseases, which can be diagnosed with the help of temperature. The portable thermal imagers are useful for detection of breast cancer at an early stage. Therefore, increasing prevalence of breast cancer is expected to result in increasing adoption of portable thermal imagers. This, in turn, is expected to create lucrative growth opportunities for the market players during the forecast period.
Increasing demand for mobile thermal imagers is expected to create lucrative growth opportunities for key players.
The advancements in technologies has enabled the production of portable thermal imagers that can be connected to Android smart phone devices. This portable mobile device is the smallest and the lightest thermal imagers available so far. Moreover, mobile type thermal imagers require significantly low energy, it is smaller in size, and operate on low voltage. These factors are expected to provide growth opportunities for key players.
The global portable thermal imagers market was valued at US$ 2,540 Mn in 2019 and is expected to reach US$ 5,210.0 Mn by 2027, at a CAGR of 9.4 % between 2019 and 2027.
Competitive Landscape
Key players operating in the global portable thermal imagers market include Flir Systems Inc., BAE Systems PLC, Thales Group, Safran Electronics and Defense, Elbit Systems Ltd., Seek Thermal Inc., Fluke Corporation, American Technologies Network Corporation, Thermoteknix Systems Ltd., Raytheon Company, Leonardo DRS , OMEGA Engineering Inc., Visma Instruments and Technologies Pvt. Ltd., and others.
Key Developments
Key players in the market are focused on adopting strategies such as product launch, in order to gain competitive edge in the market. For instance, in May 2017, Caterpillar Inc., a U.S.-based construction machinery and equipment company, entered into a strategic partnership with FLIR Systems, Inc., a U.S.-based company, to launch new smart phone device Cat S60 and S61. These smartphones are equipped with portable thermal imagers and works on android software.
Key companies in the market are involved in product development, in order to expand their product portfolio. In February 2018, FLIR Systems Inc. launched the FLIR M232 marine thermal night vision camera that belongs to the FLIR M100 and M200 series.
Get PDF Brochure of This Business Report:
https://www.coherentmarketinsights.com/insight/request-pdf/3415
Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Competitive pricing by new entrants in Asia Pacific companies is expected to restrain growth of the global portable thermal imagers market over the forecast period
Intense competition among manufacturers of portable thermal imagers is expected to restrain the market growth in the near future. The manufacturers of portable thermal imagers in China and India have easy access to cheap raw materials and labors, which allows them to produce low priced products. This, in turn, is expected to hamper the global market players significantly. Increasing functionality and performance, coupled with decreasing prices in developed economies such as North America and Europe have made it challenging for key market players to compete with manufacturers from emerging economies. This is expected to hinder the market growth over the forecast period.
High initial cost of portable thermal imagers is expected to hamper the global portable thermal imagers market growth during the forecast period
The initial cost of this equipment is much higher than the currently used contact type temperature detection instrument. Therefore, companies are hesitant in investing in portable thermal imagers. This is expected to hamper growth of the global portable thermal imagers market over the forecast period.
Download A Readymade Sample PDF Copy now with Some Benefits
https://www.coherentmarketinsights.com/insight/request-sample/3415
**including TOC, figures and Chart+30 minutes of consultation
Market Opportunities
An increasing use of portable thermal imagers in the healthcare sector is expected to create lucrative growth opportunities to key players
Portable thermal imagers are used predominantly in the healthcare sector for determining body temperature, as body temperature is an essential indicator of people's health. By measuring temperature using infrared camera systems, it offers few specific advantages for doctors as well for patients. There are various diseases, which can be diagnosed with the help of temperature. The portable thermal imagers are useful for detection of breast cancer at an early stage. Therefore, increasing prevalence of breast cancer is expected to result in increasing adoption of portable thermal imagers. This, in turn, is expected to create lucrative growth opportunities for the market players during the forecast period.
Increasing demand for mobile thermal imagers is expected to create lucrative growth opportunities for key players.
The advancements in technologies has enabled the production of portable thermal imagers that can be connected to Android smart phone devices. This portable mobile device is the smallest and the lightest thermal imagers available so far. Moreover, mobile type thermal imagers require significantly low energy, it is smaller in size, and operate on low voltage. These factors are expected to provide growth opportunities for key players.
The global portable thermal imagers market was valued at US$ 2,540 Mn in 2019 and is expected to reach US$ 5,210.0 Mn by 2027, at a CAGR of 9.4 % between 2019 and 2027.
Competitive Landscape
Key players operating in the global portable thermal imagers market include Flir Systems Inc., BAE Systems PLC, Thales Group, Safran Electronics and Defense, Elbit Systems Ltd., Seek Thermal Inc., Fluke Corporation, American Technologies Network Corporation, Thermoteknix Systems Ltd., Raytheon Company, Leonardo DRS , OMEGA Engineering Inc., Visma Instruments and Technologies Pvt. Ltd., and others.
Key Developments
Key players in the market are focused on adopting strategies such as product launch, in order to gain competitive edge in the market. For instance, in May 2017, Caterpillar Inc., a U.S.-based construction machinery and equipment company, entered into a strategic partnership with FLIR Systems, Inc., a U.S.-based company, to launch new smart phone device Cat S60 and S61. These smartphones are equipped with portable thermal imagers and works on android software.
Key companies in the market are involved in product development, in order to expand their product portfolio. In February 2018, FLIR Systems Inc. launched the FLIR M232 marine thermal night vision camera that belongs to the FLIR M100 and M200 series.
Get PDF Brochure of This Business Report:
https://www.coherentmarketinsights.com/insight/request-pdf/3415
Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
