Market Overview: Automotive Thermal Imaging Market FY2024-2030
This reports provides an essential and dependable overview of the Automotive Thermal Imaging Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Automotive Thermal Imaging Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 2.8% (2024-2030)
The Automotive Thermal Imaging Market is projected to grow at a CAGR of more than 2.8% during the forecast period, i.e., 2024-30.
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Automotive Thermal Imaging Market Driver:
Increasing Number of Road Accidents & Casualties Worldwide Propelling the Demand for Automotive Thermal Imaging Systems – The growing urban population and overall increase in consumer spending globally have resulted in increasing car ownership across the world. The traffic due to the many vehicles on the roads has been increasing significantly in both developed and developing nations such as China, the US, India, etc. This has increased the risk of road accidents and casualties across the globe, necessitating the demand for automotive thermal imaging solutions. Moreover, the improper road infrastructure and poor design of road networks and tunnels have further accelerated the incidence of road accidents globally. In addition, the distracted driving of individuals and poor visibility at night due to improper safety features in vehicles are leading to increased road injuries among consumers. For instance,
- In 2022, according to the World Health Organization, approximately 1.3 million people die each year as a result of road traffic crashes.
Consequently, the demand for automotive thermal imaging systems is rising rapidly to ensure the safety and security of individuals by providing drivers with improved visibility in low light, adverse weather, and darkness. Thermal imaging detects the heat signatures and levels that are emitted by the objects and alerts the driver regarding the same. The systems also identify obstacles in the route of vehicles, such as animals, pedestrians, and other vehicles that might not be visible in the darkness, which is prompting its adoption among individuals worldwide. The governments are also laying safety regulations for automotive vehicles, which is generating demand for automotive thermal imaging systems. Thus, the rising accidents are leading to the surged adoption of these systems, propelling the growth of the Global Automotive Thermal Imaging Market.
Automotive Thermal Imaging Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Automotive Thermal Imaging Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Automotive Thermal Imaging Market segmentation is enlisted below:
By Product
- Portable Camera- Market Size & Forecast 2019-2030F, USD Million
- Mounted/Fixed Core- Market Size & Forecast 2019-2030F, USD Million
By Technology
- Cooled- Market Size & Forecast 2019-2030F, USD Million
- Uncooled- Market Size & Forecast 2019-2030F, USD Million
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By Application
- Monitoring and Inspection- Market Size & Forecast 2019-2030F, USD Million
- Security and Surveillance- Market Size & Forecast 2019-2030F, USD Million
- Detection and Measurement- Market Size & Forecast 2019-2030F, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Automotive Thermal Imaging Market Competitive Landscape
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, Owl AI, and others.
Automotive Thermal Imaging Industry News:
- In 2023: Owl AI launched monocular 3D thermal ranger computer vision with 2D & 3D perception for object classification for ADAS & autonomous vehicles.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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