Press Release Description

Global Automotive Thermal Imaging Market is Anticipated to Grow at a CAGR of around 8% during 2021-26F

About the Study

The Global Automotive Thermal Imaging market shall witness astronomical growth during the forecast period, i.e., 2021-26. Continuous developments in thermal imaging to meet the changing demands, rising awareness among customers, snowballing integration of thermal imaging in autonomous vehicles, and burgeoning use of surveillance across automobiles are prime factors likely to drive the market growth in the coming years.

Key questions answered in the study:

  1. What are the current and future trends of the Automotive Thermal Imaging industry?
  2. How the industry has been evolving in terms of end-user demand and application areas?
  3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the Automotive Thermal Imaging industry?
  5. What is the customer orientation, purchase behavior, and expectations from the Automotive Thermal Imaging firms across various regions?

Global Automotive Thermal Imaging Market Trends

According to MarkNtel Advisors’ research report “Global Automotive Thermal Imaging Market Analysis, 2021,” the Global Automotive Thermal Imaging market is likely to grow at a CAGR of around 8% during 2021-26. Based on the Application, the Monitoring & Inspection segment shall witness a considerable growth rate by 2026. Additionally, the thermal imaging application is maximum in the manufacturing process for temperature measurement in the automotive industry.

“Global Automotive Thermal Imaging Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Automotive Thermal Imaging providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which shall help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Asia-Pacific Acquired the Significant Market Share

Asia-Pacific acquired a significant share in the Global Automotive Thermal Imaging Market in the previous few years. In the region, China, India, and Japan are growing at the fastest pace. The increasing inclination toward autonomous vehicles, burgeoning demand for high-quality thermal imaging, and surging government investments to improvise transportation are prime driving factors likely to upsurge the overall market growth in the forthcoming period, states in MarkNtel Advisors in their research report, “Global Automotive Thermal Imaging Market Analysis, 2021.”

According to MarkNtel Advisors, the key players with a considerable market share in the Global Automotive Thermal Imaging market are Seek Thermal, Inc., Testo SE & Co. KGaA, Zhejiang Dali Technology Co., Ltd., FLIR Systems, Inc., Fluke Corporation, Leonardo S.p.A., Xenics NV, Thermoteknix Systems, etc.

Market Segmentation:

  1. By Product (Portable Camera, Mounted/Fixed Core)
  2. By Technology (Cooled, Uncooled)
  3. By Application (Monitoring and Inspection, Security and Surveillance, Detection and Measurement)
  4. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
  5. By Country (US, Canada, Mexico, Brazil, UK, Germany, France, Italy, Spain, UAE, Saudi Arabia, South Africa, China, Japan, India, South Korea, Australia), 
  6. By Company (Seek Thermal, Inc., Testo SE & Co. KGaA, Zhejiang Dali Technology Co., Ltd., FLIR Systems, Inc., Fluke Corporation, Leonardo S.p.A., Xenics NV, Thermoteknix Systems, etc.)