Thermal Imaging Market to Exhibit 6.0% CAGR; High Demand from Healthcare Sector to Drive Growth

Fortune Business Insights

Key Companies Covered are BAE Systems, Workswell, Leonardo S.p.A., Thermoteknix Systems Ltd, Fluke Corporation, Lynred, FLIR Systems, Inc., Testo SE & Co. KGaA, DALI Technology, L3Harris Technologies, Inc., Seek Thermal, Opgal, Axis Communications AB, & more

PUNE, India, April 7, 2020 /PRNewswire/ -- The global thermal imaging market is likely to gain impetus from the ever-increasing demand for thermal camera from the healthcare sector. They are used by doctors and physicians to record and capture temperature variations of the human body for proper diagnosis. These cameras deliver vast amount of data in the forms of videos and images. Those are then analyzed by healthcare providers to receive insights of the vascular and metabolic activities of a particular patient. This information is given in a recently published report by Fortune Business Insights, titled, "Thermal Imaging Market Size, Share and Industry Analysis, By Technology (Cooled and Uncooled), By Product (Thermal Camera, Thermal Scopes and Thermal Module), By Wavelength (Shortwave Infrared (SWIR), Midwave Infrared (MWIR) and Longwave Infrared (LWIR)), By Application (Security and Surveillance, Monitoring and Inspection, and Detection and Measurement), By Vertical (Aerospace and Defence, Law Enforcement, Healthcare, Automotive, Oil and Gas, Residential, Manufacturing, and Others), and Regional Forecast 2019-2026." The report further mentions that the thermal imaging market size was USD 3.24 billion in 2018. It is projected to reach USD 5.16 billion by 2026, thereby exhibiting a CAGR of 6.0% during the forecast period.

This Report Answers the Following Questions:

• What are the thermal imaging market trends?
• How many growth drivers and hindrances would arise in the coming years?
• Which are the top companies present in the market?
• What are the effective strategies adopted by key players for propelling sales?
• How will the market be able to cope up with the changing consumer behavior?

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.