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Press Release Description

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

About the Study

Global Automotive Thermal Imaging market is witnessing astronomical growth in the past few years owing to the factors continuous development in thermal imaging in order to meet the changing demands, increasing adoption to enhance and burgeoning use of surveillance across automobile. Besides these, rising awareness among customer, snowballing integration of thermal imaging in autonomous vehicles are some of the factors projected to drive the growth of the market in the forecast timeline.

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?

According to MarkNtel Advisorsresearch reportGlobal Automotive Thermal Imaging Market Analysis, 2021”, the Global Automotive Thermal Imaging market is anticipated to grow at a CAGR of around 8% during 2021-26F. Based on Application, Monitoring and Inspection is anticipated to grow at a considerable CAGR by 2026. The application of thermal imaging is mostly done for monitoring of temperatures usually 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 success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.      

Asia-Pacific Acquired the Significant Market Share

Asia-Pacific acquired the significant share in the market Global Automotive Thermal Imaging market in 2019. China, India and Japan are growing at a fast rate. The increasing inclination toward autonomous vehicle, burgeoning demand for high-quality thermal imaging and surging government investment to improvise transportation are the driving factor anticipated to upsurge the growth of the Automotive Thermal Imaging Market in the forthcoming period as stated in MarkNtel Advisors’ 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.)

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