The Global Automotive Thermal Imaging Components Market size is estimated to grow at a CAGR of around 2.8% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Automotive Thermal Imaging Components 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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Automotive Thermal Imaging Components Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Product
- Portable Camera- Market Size & Forecast 2020-2030F, USD Million
- Mounted/Fixed Core- Market Size & Forecast 2020-2030F, USD Million
- By Technology
- Cooled- Market Size & Forecast 2020-2030F, USD Million
- Uncooled- Market Size & Forecast 2020-2030F, USD Million
- By Application
- Monitoring and Inspection- Market Size & Forecast 2020-2030F, USD Million
- Security and Surveillance- Market Size & Forecast 2020-2030F, USD Million
- Detection and Measurement- Market Size & Forecast 2020-2030F, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 are looking forward to strengthening their market positions.
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