Market Research Logo

Rugged Thermal Cameras Market: Electronics Segment by Application Anticipated to Register High Y-o-Y Growth Rates Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment 2017-2027

Rugged Thermal Cameras Market: Electronics Segment by Application Anticipated to Register High Y-o-Y Growth Rates Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment 2017-2027

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.


1. Global Rugged Thermal Cameras Market- Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Rugged Thermal Cameras Product Overview
4.3. Global Rugged Thermal Cameras Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Challenges
4.3.4. Opportunities
4.4. Value Chain
4.5. Global Rugged Thermal Cameras Market Forecast, 2017-2027
4.5.1. Global Rugged Thermal Cameras Market Size (Value) Forecast
4.5.1.1. Y-o-Y Growth Projections
4.5.1.2. Absolute $ Opportunity
4.6. Global Rugged Thermal Cameras Market Trends
4.7. Global Rugged Thermal Cameras Market Snapshot (2016)
4.7.1. Market Share By Applications
4.7.2. Market Share By End-user
4.7.3. Market Share By Region
5. Global Rugged Thermal Cameras Market Analysis, By Applications
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Applications
5.1.2. Basis Point Share (BPS) Analysis, Applications
5.2. Global Rugged Thermal Cameras Market Forecast, By Applications
5.2.1. Fire Fighting
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast, By Region
5.2.2. Geographical Surveys
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value Forecast, By Region
5.2.3. Surveillance & Security
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Value Forecast, By Region
5.2.4. Radiology
5.2.4.1. Absolute $ Opportunity
5.2.4.2. Market Value Forecast, By Region
5.2.5. Predictive Maintenance
5.2.5.1. Absolute $ Opportunity
5.2.5.2. Market Value Forecast, By Region
5.2.6. Electronics
5.2.6.1. Absolute $ Opportunity
5.2.6.2. Market Value Forecast, By Region
5.2.7. Others
5.2.7.1. Absolute $ Opportunity
5.2.7.2. Market Value Forecast, By Region
5.3. Global Rugged Thermal Cameras Market Attractiveness Analysis, By Applications
5.4. Prominent Trends
6. Global Rugged Thermal Cameras Market Analysis, By End-user
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By End-user
6.1.2. Basis Point Share (BPS) Analysis, By End-user
6.2. Global Rugged Thermal Cameras Market Forecast By End-user
6.2.1. Military and Defense
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value Forecast, By Region
6.2.2. Industrial, Commercial & Residential
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value Forecast, By Region
6.3. Global Rugged Thermal Cameras Market Attractiveness Analysis, By End-user
6.4. Prominent Trends
7. Global Rugged Thermal Cameras Market Analysis, By Region
7.1. Introduction
7.1.1. Y-o-Y Growth Projections, By Region
7.1.2. Basis Point Share (BPS) Analysis, By Region
7.2. Global Rugged Thermal Cameras Market Forecast By Region
7.2.1. North America Market Value Forecast
7.2.2. Latin America Market Value Forecast
7.2.3. Asia Pacific excluding Japan Market Value Forecast
7.2.4. Japan Market Value Forecast
7.2.5. Eastern Europe Market Value Forecast
7.2.6. Western Europe Market Value Forecast
7.2.7. Middle East & Africa Market Value Forecast
7.3. Regional Attractiveness Analysis
7.4. Prominent Trends
8. North America Rugged Thermal Cameras Market Analysis
8.1. Introduction
8.1.1. Y-o-Y Growth Projections, By Country
8.1.2. Basis Point Share (BPS) Analysis, By Country
8.2. North America Rugged Thermal Cameras Market Forecast
8.2.1. Market Value Forecast By Country
8.2.1.1. U.S. Absolute $ Opportunity
8.2.1.2. Canada Absolute $ Opportunity
8.2.2. Market Value Forecast, By Application
8.2.2.1. Fire Fighting
8.2.2.2. Geographical Surveys
8.2.2.3. Surveillance & Security
8.2.2.4. Radiology
8.2.2.5. Predictive Maintenance
8.2.2.6. Electronics
8.2.2.7. Others
8.2.3. Market Value Forecast, By End-user
8.2.3.1. Military and Defense
8.2.3.2. Industrial, Commercial & Residential
8.2.4. Rugged Thermal Cameras Market Attractiveness Analysis
8.2.4.1. By Country
8.2.4.2. By Applications
8.2.4.3. By End-user
8.2.5. Drivers & Restraints: Impact Analysis
9. Latin America Rugged Thermal Cameras Market Analysis
9.1. Introduction
9.1.1. Y-o-Y Growth Projections, By Country
9.1.2. Basis Point Share (BPS) Analysis, By Country
9.2. Latin America Rugged Thermal Cameras Market Forecast
9.2.1. Market Value Forecast By Country
9.2.1.1. Argentina Absolute $ Opportunity
9.2.1.2. Mexico Absolute $ Opportunity
9.2.1.3. Brazil Absolute $ Opportunity
9.2.1.4. Rest of LATAM Absolute $ Opportunity
9.2.2. Market Value Forecast, By Application
9.2.2.1. Fire Fighting
9.2.2.2. Geographical Surveys
9.2.2.3. Surveillance & Security
9.2.2.4. Radiology
9.2.2.5. Predictive Maintenance
9.2.2.6. Electronics
9.2.2.7. Others
9.2.3. Market Value Forecast, By End-user
9.2.3.1. Military and Defense
9.2.3.2. Industrial, Commercial & Residential
9.2.4. Rugged Thermal Cameras Market Attractiveness Analysis
9.2.4.1. By Country
9.2.4.2. By Applications
9.2.4.3. By End-user
9.2.5. Drivers & Restraints: Impact Analysis
10. APAC excluding Japan (APEJ) Rugged Thermal Cameras Market Analysis
10.1. Introduction
10.1.1. Y-o-Y Growth Projections, By Country
10.1.2. Basis Point Share (BPS) Analysis, By Country
10.2. APEJ Rugged Thermal Cameras Market Forecast
10.2.1. Market Value Forecast, By Country/Region
10.2.1.1. China Absolute $ Opportunity
10.2.1.2. India Absolute $ Opportunity
10.2.1.3. ASEAN Absolute $ Opportunity
10.2.1.4. ANZ Absolute $ Opportunity
10.2.1.5. Rest of Asia Pacific Absolute $ Opportunity
10.2.2. Market Value Forecast, By Application
10.2.2.1. Fire Fighting
10.2.2.2. Geographical Surveys
10.2.2.3. Surveillance & Security
10.2.2.4. Radiology
10.2.2.5. Predictive Maintenance
10.2.2.6. Electronics
10.2.2.7. Others
10.2.3. Market Value Forecast, By End-user
10.2.3.1. Military and Defense
10.2.3.2. Industrial, Commercial & Residential
10.2.4. Rugged Thermal Cameras Market Attractiveness Analysis
10.2.4.1. By Country
10.2.4.2. By Applications
10.2.4.3. By End-user
10.2.4.4. Drivers & Restraints: Impact Analysis
11. Japan Rugged Thermal Cameras Market Analysis
11.1. Introduction
11.1.1. Y-o-Y Growth Projections
11.2. Japan Rugged Thermal Cameras Market Forecast
11.2.1. Market Value Forecast, By Application
11.2.1.1. Fire Fighting
11.2.1.2. Geographical Surveys
11.2.1.3. Surveillance & Security
11.2.1.4. Radiology
11.2.1.5. Predictive Maintenance
11.2.1.6. Electronics
11.2.1.7. Others
11.2.2. Market Value Forecast, By End-user
11.2.2.1. Military and Defense
11.2.2.2. Industrial, Commercial & Residential
11.2.3. Rugged Thermal Cameras Market Attractiveness Analysis
11.2.3.1. By Applications
11.2.3.2. By End-user
11.2.4. Drivers & Restraints: Impact Analysis
12. Eastern Europe Rugged Thermal Cameras Market Analysis
12.1. Introduction
12.1.1. Y-o-Y Growth Projections, By Country
12.1.2. Basis Point Share (BPS) Analysis, By Country
12.2. Eastern Europe Rugged Thermal Cameras Market Forecast
12.2.1. Market Value Forecast By Country/Region
12.2.1.1. Russia Absolute $ Opportunity
12.2.1.2. Poland Absolute $ Opportunity
12.2.1.3. Rest of Eastern Europe Absolute $ Opportunity
12.2.2. Market Value Forecast, By Application
12.2.2.1. Fire Fighting
12.2.2.2. Geographical Surveys
12.2.2.3. Surveillance & Security
12.2.2.4. Radiology
12.2.2.5. Predictive Maintenance
12.2.2.6. Electronics
12.2.2.7. Others
12.2.3. Market Value Forecast, By End-user
12.2.3.1. Military and Defense
12.2.3.2. Industrial, Commercial & Residential
12.2.4. Rugged Thermal Cameras Market Attractiveness Analysis
12.2.4.1. By Country
12.2.4.2. By Applications
12.2.4.3. By End-user
12.2.5. Drivers & Restraints: Impact Analysis
13. Western Europe Rugged Thermal Cameras Market Analysis
13.1. Introduction
13.1.1. Y-o-Y Growth Projections, By Country
13.1.2. Basis Point Share (BPS) Analysis, By Country
13.2. Western Europe Rugged Thermal Cameras Market Forecast
13.2.1. Market Value Forecast By Country/Region
13.2.1.1. Germany Absolute $ Opportunity
13.2.1.2. France Absolute $ Opportunity
13.2.1.3. U.K. Absolute $ Opportunity
13.2.1.4. Spain Absolute $ Opportunity
13.2.1.5. Italy Absolute $ Opportunity
13.2.1.6. Nordic Absolute $ Opportunity
13.2.1.7. Benelux Absolute $ Opportunity
13.2.1.8. Rest of Western Europe Absolute $ Opportunity
13.2.2. Market Value Forecast, By Application
13.2.2.1. Fire Fighting
13.2.2.2. Geographical Surveys
13.2.2.3. Surveillance & Security
13.2.2.4. Radiology
13.2.2.5. Predictive Maintenance
13.2.2.6. Electronics
13.2.2.7. Others
13.2.3. Market Value Forecast, By End-user
13.2.3.1. Military and Defense
13.2.3.2. Industrial, Commercial & Residential
13.2.4. Rugged Thermal Cameras Market Attractiveness Analysis
13.2.4.1. By Country
13.2.4.2. By Applications
13.2.4.3. By End-user
13.2.5. Drivers & Restraints: Impact Analysis
14. Middle East & Africa Rugged Thermal Cameras Market Analysis
14.1. Introduction
14.1.1. Y-o-Y Growth Projections, By Country
14.1.2. Basis Point Share (BPS) Analysis, By Country
14.2. MEA Rugged Thermal Cameras Market Forecast
14.2.1. Market Value Forecast By Country/Region
14.2.1.1. GCC Absolute $ Opportunity
14.2.1.2. N. Africa Absolute $ Opportunity
14.2.1.3. S. Africa Absolute $ Opportunity
14.2.1.4. Rest of MEA Absolute $ Opportunity
14.2.2. Market Value Forecast, By Application
14.2.2.1. Fire Fighting
14.2.2.2. Geographical Surveys
14.2.2.3. Surveillance & Security
14.2.2.4. Radiology
14.2.2.5. Predictive Maintenance
14.2.2.6. Electronics
14.2.2.7. Others
14.2.3. Market Value Forecast, By End-user
14.2.3.1. Military and Defense
14.2.3.2. Industrial, Commercial & Residential
14.2.4. Rugged Thermal Cameras Market Attractiveness Analysis
14.2.4.1. By Country
14.2.4.2. By Applications
14.2.4.3. By End-user
14.2.5. Drivers & Restraints: Impact Analysis
15. Competition Landscape
15.1. Competition Dashboard
15.2. Company Profiles
15.2.1. Flir Systems, Inc.
15.2.2. BAE Systems
15.2.3. Raytheon Company
15.2.4. Leonardo SpA
15.2.5. Danaher Corporation
15.2.6. Axis Communication
15.2.7. L3 technologies Inc.
15.2.8. Thermoteknix Systems Ltd.
15.2.9. SKF
15.2.10.Bosch Security Systems

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report