Handheld Thermal Imaging Equipment Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview

The "Handheld Thermal Imaging Equipment Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Handheld Thermal Imaging Equipment market is expected to grow annually by 5.3% (CAGR 2024 - 2031).

This entire report is of 154 pages.

Handheld Thermal Imaging Equipment Introduction and its Market Analysis

The Handheld Thermal Imaging Equipment market research report provides a comprehensive analysis of the current market conditions. Handheld Thermal Imaging Equipment is portable devices used for detecting infrared radiation emitted by objects, enabling visualization of heat differences. The target market includes military, law enforcement, firefighting, industrial, and commercial sectors. Key factors driving revenue growth include increasing demand for surveillance, security, and predictive maintenance applications. Major companies operating in the market are Flir Systems, BAE Systems, Leonardo DRS, Raytheon, Danaher, L3 Technologies, Thales, American Technologies Network, Sofradir, Thermoteknix Systems, Ideal Industries, and Elbit Systems. The report's main findings highlight the growing adoption of thermal imaging technology and recommend investment in research and development to enhance product offerings and expand market reach.

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The handheld thermal imaging equipment market is expected to experience significant growth in the coming years, driven by the increasing demand for advanced security and surveillance systems across various industries. The market is segmented based on the type of technology used, including infrared thermal imaging and microwave thermal imaging. These technologies are widely used in applications such as defense, fire department operations, manufacturing processes, retail security, healthcare diagnostics, and other sectors.

Regulatory and legal factors play a crucial role in shaping the market conditions for handheld thermal imaging equipment. Governments around the world have established strict guidelines and standards for the use of thermal imaging technology in different industries. Compliance with these regulations is essential for manufacturers and end-users to ensure the safety and security of individuals and properties. Additionally, intellectual property rights and patents for thermal imaging technologies also impact market dynamics, influencing competition and innovation in the industry.

Overall, the handheld thermal imaging equipment market is poised for growth, driven by technological advancements, increasing security concerns, and regulatory developments in various sectors. Manufacturers and end-users must stay abreast of changing market conditions and legal requirements to capitalize on the opportunities in this rapidly evolving market.

Top Featured Companies Dominating the Global Handheld Thermal Imaging Equipment Market

The handheld thermal imaging equipment market is competitive, with companies like Flir Systems, BAE Systems, Leonardo DRS, Raytheon, Danaher, L3 Technologies, Thales, American Technologies Network, Sofradir, Thermoteknix Systems, Ideal Industries, and Elbit Systems operating in this sector.

These companies offer a wide range of handheld thermal imaging equipment for various applications such as law enforcement, military, industrial, and commercial sectors. Flir Systems is a leading player in the market, offering advanced thermal imaging solutions for various industries. BAE Systems, Leonardo DRS, Raytheon, and L3 Technologies also provide high-quality thermal imaging equipment for defense and security applications.

Thales, American Technologies Network, Sofradir, Thermoteknix Systems, Ideal Industries, and Elbit Systems are also key players in the handheld thermal imaging equipment market, catering to different industry needs.

These companies contribute to the growth of the handheld thermal imaging equipment market by continuously investing in research and development to introduce innovative products and technologies. They also focus on strategic partnerships and collaborations to expand their product offerings and reach a wider customer base.

In terms of sales revenue, Flir Systems reported sales of approximately $ billion in 2020, BAE Systems generated sales of around $22.6 billion in the same year, and Leonardo DRS reported sales of about $3.4 billion in 2020. These figures highlight the significant market presence and revenue generation capabilities of these companies in the handheld thermal imaging equipment market.

• Flir Systems
• BAE Systems
• Leonardo DRS
• Raytheon
• Danaher
• L3 Technologies
• Thales
• American Technologies Network
• Sofradir
• Thermoteknix Systems
• Ideal Industries
• Elbit Systems

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Handheld Thermal Imaging Equipment Market Analysis, by Type:

• Infrared Thermal Imaging
• Microwave Thermal imaging

Handheld Thermal Imaging Equipment typically falls into two main types: Infrared Thermal Imaging and Microwave Thermal Imaging. Infrared thermal imaging uses thermal cameras to detect heat signatures, while Microwave thermal imaging employs radar technology to detect objects by their microwave emissions. These types of equipment are utilized in a wide range of industries such as law enforcement, construction, firefighting, and wildlife monitoring, amongst others. The flexibility, accuracy, and portability of handheld thermal imaging equipment make them essential tools for various applications, driving the demand for these devices in the market.

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Handheld Thermal Imaging Equipment Market Analysis, by Application:

• Defence
• Fire Department
• Manufacturing
• Retail
• Health Care
• Other

Handheld Thermal Imaging Equipment is widely used in various applications such as Defence for surveillance, target detection, and perimeter security; Fire Department for locating hotspots and missing persons in smoke-filled environments; Manufacturing for quality control and preventive maintenance; Retail for loss prevention and energy efficiency; Health Care for detecting fevers and monitoring patient conditions. The fastest growing application segment in terms of revenue is expected to be in the Health Care sector due to the increasing demand for non-contact temperature screening devices during the ongoing COVID-19 pandemic. Thermal Imaging Equipment is a versatile tool that provides valuable information across different industries.

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Handheld Thermal Imaging Equipment Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The handheld thermal imaging equipment market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these regions, North America, particularly the United States, is expected to dominate the market with a significant market share percentage valuation. The market share of handheld thermal imaging equipment is expected to be substantial in Europe as well, with countries like Germany, France, and the UK leading the way. In Asia-Pacific, China and Japan are expected to contribute significantly to the market share of handheld thermal imaging equipment. Latin America and the Middle East & Africa are also expected to witness steady growth in the market share of handheld thermal imaging equipment.

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