Fixed Thermal Imagers Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0208871
  • Format: Electronic (PDF)
  • Number of Pages: 217
  • Author(s): Joshi, Madhavi

Report Overview

The Fixed Thermal Imagers Market size was estimated at USD 1.85 billion in 2023 and is projected to reach USD 2.75 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2024-2030).

Fixed Thermal Imagers Market

(Market Size)
$1.85 billion
$2.75 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.00%
2023 Market Size USD 1.85 billion
2030 Market Size USD 2.75 billion
Key Players FLIR, Seek Thermal, Thermoteknix, L3Harris, Opgal

Market Summary

The fixed thermal imagers market within the manufacturing and construction industries represents a specialized segment of the broader thermal imaging technology landscape. These devices are permanently installed systems designed for continuous monitoring and inspection applications, providing non-contact temperature measurement and thermal anomaly detection. Unlike portable thermal cameras, fixed thermal imagers are integrated into operational infrastructures, enabling round-the-clock surveillance and data collection without human intervention. The technology leverages infrared radiation to create visual heat maps, allowing professionals to identify issues such as overheating equipment, energy inefficiencies, structural defects, and potential safety hazards in real-time. Industries rely on these systems for predictive maintenance, quality control, and enhanced operational safety, making them indispensable tools in modern industrial and construction environments. The adoption of fixed thermal imagers is driven by the need for automation, precision, and reliability in critical processes, supporting both productivity and risk mitigation efforts across various applications.

Key Highlights

Fixed thermal imagers offer several distinct advantages that set them apart from other thermal imaging solutions. One of the primary highlights is their ability to provide continuous, unattended monitoring, which is crucial for applications requiring constant vigilance, such as monitoring high-temperature industrial processes or detecting thermal leaks in building envelopes. These systems often feature high resolution and sensitivity, enabling the detection of minute temperature differences that might indicate early-stage equipment failures or insulation deficiencies. Integration capabilities with existing industrial control systems and IoT platforms are another significant highlight, allowing for seamless data flow and automated alerting mechanisms. Additionally, fixed thermal imagers are designed for durability and performance in harsh environments, with many models boasting rugged enclosures resistant to dust, moisture, and extreme temperatures. The technology also supports advanced analytics and machine learning algorithms, facilitating predictive maintenance strategies and reducing unplanned downtime. These attributes make fixed thermal imagers a cornerstone of modern industrial automation and smart building management.

Drivers, Opportunities & Restraints

The growth of the fixed thermal imagers market is propelled by several key drivers, including the increasing emphasis on industrial automation and the adoption of Industry 4.0 principles. Manufacturing and construction sectors are increasingly investing in technologies that enhance operational efficiency, reduce costs, and improve safety, all of which are strengths of fixed thermal imaging systems. The rising demand for predictive maintenance solutions to minimize equipment failures and extend asset lifecycles is another significant driver, as thermal imagers can detect anomalies long before they lead to catastrophic failures. Opportunities abound in the expansion of smart infrastructure projects and the integration of thermal imaging with artificial intelligence for advanced analytics and autonomous decision-making. However, the market faces restraints such as the high initial investment required for deploying fixed thermal imaging systems, which can be a barrier for small and medium-sized enterprises. Additionally, the complexity of integration with legacy systems and the need for specialized technical expertise for installation and interpretation can slow adoption. Regulatory challenges and data privacy concerns in certain regions may also impede market growth, though these are often balanced by the compelling benefits offered by the technology.

Concentration Insights

The fixed thermal imagers market is characterized by a concentration of technological expertise and innovation among a few key players, though the competitive landscape includes both established corporations and specialized niche providers. Companies such as FLIR Systems, Seek Thermal, and Axis Communications dominate the market, leveraging their extensive research and development capabilities and broad product portfolios. These leaders often focus on integrating advanced features such as higher resolution sensors, improved thermal sensitivity, and enhanced connectivity options to maintain their competitive edge. The market also sees significant activity from companies specializing in industrial automation and building management systems, which incorporate thermal imaging as a component of larger solutions. Geographically, innovation and production are concentrated in regions with strong manufacturing and technology sectors, particularly North America, Europe, and parts of Asia-Pacific. This concentration drives rapid technological advancements but also creates challenges for new entrants due to high barriers to entry, including intellectual property portfolios and established customer relationships. Nonetheless, partnerships and collaborations between thermal imager manufacturers and system integrators are common, helping to disseminate technology across various applications and industries.

Type Insights

Fixed thermal imagers are available in several types, each tailored to specific applications and performance requirements. The most common classifications are based on detector technology, with uncooled and cooled thermal imagers being the primary categories. Uncooled thermal imagers, which use microbolometer detectors, are widely preferred for manufacturing and construction applications due to their lower cost, durability, and suitability for continuous operation without requiring cryogenic cooling. They offer adequate performance for most industrial monitoring tasks, such as detecting overheated components or assessing building insulation. Cooled thermal imagers, on the other hand, utilize detectors that are cooled to cryogenic temperatures, providing superior sensitivity and resolution. These are typically employed in high-precision applications where detecting minute temperature differences is critical, such as in advanced manufacturing processes or research and development settings. Additionally, fixed thermal imagers can be categorized based on their spectral range, with mid-wave infrared and long-wave infrared systems being the most prevalent. Long-wave imagers are particularly common in building and construction applications due to their effectiveness in detecting heat leaks and moisture intrusion, while mid-wave systems are often used in industrial settings for monitoring high-temperature processes.

Application Insights

In the manufacturing industry, fixed thermal imagers are extensively used for predictive maintenance, quality control, and process monitoring. They enable continuous surveillance of machinery and electrical systems, identifying hotspots that indicate impending failures, thus preventing costly downtime and enhancing worker safety. In automotive manufacturing, for instance, thermal imagers monitor welding processes and component temperatures to ensure product quality. In the construction sector, these systems play a vital role in building diagnostics and energy auditing. They are employed to detect thermal bridges, insulation deficiencies, and moisture accumulation within structures, facilitating energy-efficient building practices and compliance with green building standards. Fixed thermal imagers are also integral to safety and security applications, monitoring for overheating in electrical panels or detecting fires in their incipient stages. Furthermore, in large-scale construction projects, thermal imagers assist in monitoring concrete curing processes and verifying the integrity of building envelopes. The versatility of fixed thermal imagers allows them to address a wide range of applications, driving their adoption across both industries.

Regional Insights

The adoption and development of fixed thermal imagers vary significantly across regions, influenced by industrial activity, technological advancement, and regulatory frameworks. North America represents a major market, driven by robust manufacturing sectors, stringent safety regulations, and high investments in industrial automation. The United States, in particular, sees widespread use of thermal imaging in industries such as aerospace, automotive, and energy. Europe follows closely, with strong demand stemming from its advanced manufacturing base and emphasis on energy efficiency in construction, supported by policies like the Energy Performance of Buildings Directive. Countries like Germany and the United Kingdom are key contributors due to their leadership in engineering and technology. The Asia-Pacific region is experiencing rapid growth, fueled by expanding industrial capacities, urbanization, and infrastructure development in countries such as China, Japan, and South Korea. These nations are increasingly integrating thermal imaging into smart factories and green building projects. Other regions, including Latin America and the Middle East, are emerging markets where adoption is growing albeit at a slower pace, often focused on specific applications like oil and gas or large-scale construction projects.

Company Insights

The competitive landscape of the fixed thermal imagers market features several prominent companies that lead in innovation and market share. FLIR Systems, now part of Teledyne Technologies, is a global leader known for its comprehensive range of thermal imaging products, including fixed solutions tailored for industrial and construction applications. Their systems are renowned for reliability and advanced features such as connectivity and analytics. Seek Thermal is another key player, focusing on making thermal imaging more accessible through cost-effective yet high-performance solutions. Axis Communications leverages its expertise in network video to integrate thermal imaging into broader security and monitoring systems. Other significant contributors include Leonardo DRS, which provides high-end cooled imagers for demanding applications, and Optris, specializing in non-contact temperature measurement solutions for industrial processes. Companies like Testo and Hikvision also offer competitive products, often emphasizing user-friendly interfaces and integration capabilities. These players continuously invest in research and development to enhance sensor performance, reduce costs, and expand application possibilities, fostering a dynamic and innovative market environment.

Recent Developments

The fixed thermal imagers market has witnessed several noteworthy developments in recent years, reflecting trends toward greater integration, intelligence, and accessibility. There has been a significant push toward incorporating artificial intelligence and machine learning algorithms into thermal imaging systems, enabling automated anomaly detection and predictive analytics without human intervention. This evolution allows for more proactive maintenance strategies and reduces the reliance on specialized operators. Another key development is the enhancement of connectivity features, with many new models supporting IoT protocols and cloud-based data storage, facilitating remote monitoring and management across distributed assets. Manufacturers are also focusing on improving the resolution and sensitivity of uncooled detectors, narrowing the performance gap with cooled systems while maintaining cost advantages. Additionally, there is growing emphasis on developing multi-spectral imaging systems that combine thermal with visible light or other sensing technologies, providing richer data for comprehensive analysis. Partnerships between thermal imager producers and software companies are becoming more common, aimed at creating tailored solutions for specific industries such as smart buildings or automated manufacturing. These advancements collectively contribute to making fixed thermal imagers more powerful, versatile, and integral to modern industrial and construction operations.

Report Segmentation

This report on the fixed thermal imagers market is meticulously segmented to provide detailed insights into various aspects of the industry. The segmentation is structured to cater to the diverse information needs of stakeholders, including manufacturers, suppliers, and end-users. The market is analyzed based on type, distinguishing between uncooled and cooled thermal imagers, each with distinct characteristics and application suites. Application-based segmentation covers critical areas such as predictive maintenance, quality control, building diagnostics, process monitoring, and safety and security, highlighting the specific roles of thermal imagers in each domain. Geographical segmentation offers a regional perspective, examining market dynamics and adoption patterns across North America, Europe, Asia-Pacific, and other key regions. Furthermore, the report includes segmentation by end-user industry, focusing primarily on manufacturing and construction sectors but also touching upon adjacent industries where applicable. This comprehensive approach ensures that readers gain a holistic understanding of market trends, opportunities, and challenges, supported by detailed analysis of each segment's performance and prospects. The segmentation facilitates targeted strategies and informed decision-making for businesses operating in or entering this market.

FAQs

What are the primary applications of fixed thermal imagers in manufacturing? Fixed thermal imagers in manufacturing are primarily used for predictive maintenance to monitor equipment temperature and detect anomalies before failures occur, quality control to ensure product integrity during processes like welding or molding, and process monitoring to maintain optimal operating conditions in various industrial applications.

How do fixed thermal imagers differ from portable ones? Fixed thermal imagers are permanently installed systems designed for continuous, automated monitoring without operator intervention, often integrated into larger control systems. Portable thermal imagers are handheld devices used for periodic inspections and require manual operation, offering flexibility but not continuous coverage.

What industries benefit most from fixed thermal imagers? The manufacturing and construction industries are primary beneficiaries, using them for equipment monitoring, energy auditing, and safety applications. Other industries such as energy, aerospace, and automotive also extensively use fixed thermal imagers for similar purposes.

What are the key features to consider when selecting a fixed thermal imager? Important features include detector type (cooled vs. uncooled), resolution and thermal sensitivity, integration capabilities with existing systems, durability for environmental conditions, and support for analytics and alerting functionalities.

Can fixed thermal imagers be integrated with existing automation systems? Yes, most modern fixed thermal imagers are designed with connectivity options such as Ethernet, IoT protocols, and software APIs, allowing seamless integration with industrial automation systems, building management systems, and data analytics platforms.

What are the typical challenges in deploying fixed thermal imagers? Challenges include the high initial investment, the need for technical expertise during installation and calibration, integration complexities with legacy systems, and ensuring accurate interpretation of thermal data to avoid false alarms or missed detections.

Citius Research has developed a research report titled “Fixed Thermal Imagers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Fixed Thermal Imagers Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Fixed Thermal Imagers Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Fixed Thermal Imagers Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Fixed Thermal Imagers Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Fixed Thermal Imagers Market
• Research Methodology
• Executive Summary
• Market Dynamics of Fixed Thermal Imagers Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Fixed Thermal Imagers Market
• Cost and Gross Margin Analysis of Fixed Thermal Imagers Market
• Fixed Thermal Imagers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Fixed Thermal Imagers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Fixed Thermal Imagers Market Key Stakeholders

Below are the key stakeholders for the Fixed Thermal Imagers Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Fixed Thermal Imagers Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Fixed Thermal Imagers Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Fixed Thermal Imagers Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Fixed Thermal Imagers Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Fixed Thermal Imagers Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Fixed Thermal Imagers Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Fixed Thermal Imagers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Fixed Thermal Imagers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Fixed Thermal Imagers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Fixed Thermal Imagers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Fixed Thermal Imagers Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Fixed Thermal Imagers Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Fixed Thermal Imagers Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Fixed Thermal Imagers Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Fixed Thermal Imagers Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Fixed Thermal Imagers Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Fixed Thermal Imagers Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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