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The Infrared Thermography Market size was valued at USD 442 million in 2022 and is expected to grow to USD 720.59 million by 2030 and grow at a CAGR of 6.3% over the forecast period of 2023-2030.
The market is divided into segments based on application, including energy auditing, HVAC system inspection, electrical system inspection, structural analysis, insulation inspection, and fire/flare detection. With a market share of more than 20% in 2022, the fire/flare detection segment dominated the entire world. Temperature anomalies and hotspots, which are frequently early warning signs of fires or flare-ups in a variety of industrial settings, including refineries and petrochemical plants, can be swiftly detected using infrared thermography technology. This technology is a useful tool in critical infrastructures, industrial facilities, and the energy sector where fire and flare incidents can cause significant damage and loss due to its non-contact and real-time capabilities. As security Regulations and public awareness are driving up demand for accurate and trustworthy infrared thermography solutions for fire and flare detection.
The infrared thermography market is segmented into cameras, scopes, and modules based on the thermal component. The ranges by 2032, the segment is predicted to grow at a CAGR of more than 6%. Thermally equipped scopes provide enhanced target detection capabilities, which makes them useful for a range of purposes such as hunting, security, and surveillance. By identifying heat signatures in dimly lit or unfavourable environments, thermal imaging scopes improve situational awareness. Thermal imaging scopes are being used more and more by the military and defence industry for target identification, surveillance, and reconnaissance. These scopes play a critical role in improving operations during inclement weather and at night. The affordability and performance of thermal imaging scopes have been enhanced by ongoing technological advancements, opening up new applications and industries for them.
| Report Attributes | Details |
|---|---|
| Key Segments | • By Product Type (Thermal Cameras, Thermal Scopes, Thermal Modules) • By Solution Type (Fixed, Handheld, Unmanned) • By Building Type (Industrial, Commercial, Residential) • By Application (Energy Auditing, Electrical & HVAC Systems Inspection, Structural Analysis, Insulation Inspection, Fire/Flare Detection, Others) |
| Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Teledyne FLIR LLC (US), JENOPTIK AG (Germany), SKF (Sweden), Fluke Corporation (US), Raytheon Technologies Corporation (US), Axis Communications AB (Sweden), Inc, Xenics nv (Belgium), Zhejiang Dali Technology Co.,Ltd. (China), OPGAL Optronics Industries Ltd (Israel), InfraTec GmbH (Germany), Seek Thermal (US), Infrared Cameras Inc. (US) and Allied Vision Technologies GmbH (Germany) |
Growing focus on sustainability and energy efficiency
The precise identification of areas in need of retrofitting or repairs to increase energy efficiency is made possible by infrared thermography. With less need for needless interventions and more efficient resource allocation, this targeted approach optimizes energy use and lowers operating expenses. Long-term cost savings are substantial when energy efficiency is improved through infrared thermography inspections. Building owners can reduce energy bills and operating expenses by promptly addressing energy-related issues.
RESTRAIN:
First-time expenditure and educational expenses
The use of infrared thermography for building inspections requires the purchase of thermal imaging equipment up front, which entails expensive infrared cameras along with related hardware and software. These upfront expenses can add up, particularly for startups or smaller organizations with tighter budgets. The cost of operating thermal imaging equipment is increased by regular calibrations, accuracy checks, and maintenance. Maintaining the quality of thermal images and guaranteeing accurate findings during inspections require routine maintenance.
OPPORTUNITY:
Increasing demand for smart buildings
Sustainable practices and energy efficiency are given priority in smart and green buildings. When evaluating the thermal performance of HVAC systems, insulation systems, and building envelopes, infrared thermography is a useful tool. The overall management of a building is improved by integrating infrared thermography with building automation systems. Smart buildings can optimize energy consumption and lower operating costs by automatically responding to temperature anomalies or possible energy waste, which is made possible by routinely monitoring thermal conditions.
CHALLENGES:
Complexity of data analysis and reporting
Because of the nature of the data collected and the requirement for precise interpretation and communication, data analysis and reporting in infrared thermography for building inspection can be complicated. A large number of thermal images are produced during infrared inspections, particularly for larger or more intricate buildings. It can be difficult to manage and analyse these massive data sets, necessitating effective systems for data organization, retrieval, and storage. A thorough understanding of building materials, construction methods, and heat transfer principles is necessary for the interpretation of thermal images. The ability to discern between variations in temperature that are typical and anomalies that might point to flaws or problems is a requirement for thermographers.
In February 2023, the Russian state-owned weapons manufacturer Rostec declared that the hand-held grenade shields personnel and equipment from infrared-guided missiles and highly accurate armaments equipped with thermal imaging targeting mechanisms. The corporation that created the grenade, Central Research Institute of Precision Engineering, said that Anton Semenyako, interim general director, said that the RDG-U would allow the fighters to create a smoke screen for themselves without the need for specialized equipment apparatus or knowledge of biological, chemical, or radiation protection. The RDG-U operates on a combined principle, in which the product's smoke-forming ingredient, on the one hand, instantly creates an air curtain. However, the grenade includes a smoking part that allows the curtain to be ignited for a long time.
IMPACT OF ONGOING RECESSION
The COVID-19 pandemic has had a minimal effect on the market because there is a greater demand for thermal imaging and infrared sensing during this time due to health and safety concerns and the implementation of stricter security measures in public transportation and airports worldwide. Furthermore, the growing demand for closed-circuit television cameras and the integration of infrared sensors into systems has created ample growth prospects for notable industry participants. Additionally, in 2020 and the first quarters of 2021, the transportation capabilities of major market players were disrupted. As a result, there was a minor error in inventory management and control in the market. In addition, factors that are anticipated to propel market growth during the forecast period include the reopening of Infrared Thermography production facilities following the pandemic, the restoration of transportation capabilities worldwide due to increased manufacturing activities by major industry players, and the rescheduling of shipments halted during the pandemic period towards inventories and distributors worldwide. In addition, the primary driver predicted to open up market opportunities is the growing demand for affordable and small systems in the residential and commercial sectors.
By Product Type
Thermal Cameras
Thermal Scopes
Thermal Modules
By Solution Type
Fixed
Handheld
Unmanned
By Building Type
Industrial
Commercial
Residential
By Application
Energy Auditing
Electrical & HVAC Systems Inspection
Structural Analysis
Insulation Inspection
Fire/Flare Detection
Others
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The market for infrared thermography is dominated by North America because of the region's growing need for smart building and electrical appliance monitoring. Furthermore, the key supporting factor thought to fuel the market's expansion is manufacturers' growing propensity for R&D in the production of infrared thermography. Additionally, factors contributing to growth in the region include manufacturers' increased focus on product integration and DSLR-like picture quality provided by various imaging cameras.
With a market share of more than 80% in the world of infrared thermography in 2022, Asia Pacific led the way. Predictive maintenance and non-contact temperature measurement technologies are becoming increasingly important as a result of rising industrialization and infrastructure development in countries like China and India. The need for accurate thermal imaging systems for process control, building inspections, and medical diagnostics has grown as a result of the widespread adoption of contemporary technologies in sectors such as manufacturing, construction, and healthcare. Growing knowledge about energy conservation and the benefits of thermography in reducing emissions and energy consumption will drive market growth in the Asia Pacific area.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players in the infrared thermography market for building inspection are Teledyne FLIR LLC (US), JENOPTIK AG (Germany), SKF (Sweden), Fluke Corporation (US), Raytheon Technologies Corporation (US), Axis Communications AB (Sweden), Inc, Xenics nv (Belgium), Zhejiang Dali Technology Co.,Ltd. (China), OPGAL Optronics Industries Ltd (Israel), InfraTec GmbH (Germany), Seek Thermal (US), Infrared Cameras Inc. (US) and Allied Vision Technologies GmbH (Germany) and other players are listed in a final report.
JENOPTIK AG (Germany)-Company Financial Analysis
The Lynx R and XSL R series were introduced in February 2023 by Xenics NV (Belgium), which also expanded its line of linear SWIR cameras. For demanding applications like semiconductor inspection, food sorting, machine vision, spectroscopy, optical fiber monitoring, LIDAR sensing, and spectral-domain optical coherence tomography, linear SWIR cameras are available.
Teledyne FLIR introduced FLIR ONE Edge Pro, a wireless thermal-visible camera for mobile devices, in November 2022. For maximum thermal inspection flexibility, the redesigned FLIR ONE Edge Pro does not require a physical connection to its companion mobile device, unlike previous models.
Teledyne Technologies purchased FLIR Systems, a top supplier of thermal imaging products, in May 2021. With the acquisition, Teledyne was able to diversify its offerings by incorporating cutting-edge thermal imaging technology and increasing its capacity in the military, the commercial, industrial, and defense sectors.
| Report Attributes | Details |
| Market Size in 2022 | US$ 442 million |
| Market Size by 2030 | US$ 720.59 million |
| CAGR | CAGR of 6.3% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Market Opportunities | •Increasing demand for intelligent buildings |
| Market Challenges: | •Complexity of data analysis and reporting |
Increasing demand for intelligent buildings.
First-time expenditure and educational expenses.
North America is dominating the Infrared Thermography Market.
The Infrared Thermography Market size was valued at USD 442 million in 2022.
The Infrared Thermography Market is anticipated to expand by 6.3% from 2023 to 2030.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Infrared Thermography Market Segmentation, By Product Type
8.1 Thermal Cameras
8.2 Thermal Scopes
8.3 Thermal Modules
9. Infrared Thermography Market Segmentation, By Solution Type
9.1 Fixed
9.2 Handheld
9.3 Unmanned
10. Infrared Thermography Market Segmentation, By Building Type
10.1 Industrial
10.2 Commercial
10.3 Residential
11. Infrared Thermography Market Segmentation, By Application
11.1 Energy Auditing
11.2 Electrical & HVAC Systems Inspection
11.3 Structural Analysis
11.4 Insulation Inspection
11.5 Fire/Flare Detection
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Infrared Thermography Market by Country
12.2.2North America Infrared Thermography Market by Product Type
12.2.3 North America Infrared Thermography Market by Solution Type
12.2.4 North America Infrared Thermography Market by Building Type
12.2.5 North America Infrared Thermography Market by Application
12.2.6 USA
12.2.6.1 USA Infrared Thermography Market by Product Type
12.2.6.2 USA Infrared Thermography Market by Solution Type
12.2.6.3 USA Infrared Thermography Market by Building Type
12.2.6.4 USA Infrared Thermography Market by Application
12.2.7 Canada
12.2.7.1 Canada Infrared Thermography Market by Product Type
12.2.7.2 Canada Infrared Thermography Market by Solution Type
12.2.7.3 Canada Infrared Thermography Market by Building Type
12.2.7.4 Canada Infrared Thermography Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Infrared Thermography Market by Product Type
12.2.8.2 Mexico Infrared Thermography Market by Solution Type
12.2.8.3 Mexico Infrared Thermography Market by Building Type
12.2.8.4 Mexico Infrared Thermography Market by Application
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Infrared Thermography Market by Country
12.3.1.2 Eastern Europe Infrared Thermography Market by Product Type
12.3.1.3 Eastern Europe Infrared Thermography Market by Solution Type
12.3.1.4 Eastern Europe Infrared Thermography Market by Building Type
12.3.1.5 Eastern Europe Infrared Thermography Market by Application
12.3.1.6 Poland
12.3.1.6.1 Poland Infrared Thermography Market by Product Type
12.3.1.6.2 Poland Infrared Thermography Market by Solution Type
12.3.1.6.3 Poland Infrared Thermography Market by Building Type
12.3.1.6.4 Poland Infrared Thermography Market by Application
12.3.1.7 Romania
12.3.1.7.1 Romania Infrared Thermography Market by Product Type
12.3.1.7.2 Romania Infrared Thermography Market by Solution Type
12.3.1.7.3 Romania Infrared Thermography Market by Building Type
12.3.1.7.4 Romania Infrared Thermography Market by Application
12.3.1.8 Hungary
12.3.1.8.1 Hungary Infrared Thermography Market by Product Type
12.3.1.8.2 Hungary Infrared Thermography Market by Solution Type
12.3.1.8.3 Hungary Infrared Thermography Market by Building Type
12.3.1.8.4 Hungary Infrared Thermography Market by Application
12.3.1.9 Turkey
12.3.1.9.1 Turkey Infrared Thermography Market by Product Type
12.3.1.9.2 Turkey Infrared Thermography Market by Solution Type
12.3.1.9.3 Turkey Infrared Thermography Market by Building Type
12.3.1.9.4 Turkey Infrared Thermography Market by Application
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Infrared Thermography Market by Product Type
12.3.1.10.2 Rest of Eastern Europe Infrared Thermography Market by Solution Type
12.3.1.10.3 Rest of Eastern Europe Infrared Thermography Market by Building Type
12.3.1.10.4 Rest of Eastern Europe Infrared Thermography Market by Application
12.3.2 Western Europe
12.3.2.1 Western Europe Infrared Thermography Market by Country
12.3.2.2 Western Europe Infrared Thermography Market by Product Type
12.3.2.3 Western Europe Infrared Thermography Market by Solution Type
12.3.2.4 Western Europe Infrared Thermography Market by Building Type
12.3.2.5 Western Europe Infrared Thermography Market by Application
12.3.2.6 Germany
12.3.2.6.1 Germany Infrared Thermography Market by Product Type
12.3.2.6.2 Germany Infrared Thermography Market by Solution Type
12.3.2.6.3 Germany Infrared Thermography Market by Building Type
12.3.2.6.4 Germany Infrared Thermography Market by Application
12.3.2.7 France
12.3.2.7.1 France Infrared Thermography Market by Product Type
12.3.2.7.2 France Infrared Thermography Market by Solution Type
12.3.2.7.3 France Infrared Thermography Market by Building Type
12.3.2.7.4 France Infrared Thermography Market by Application
12.3.2.8 UK
12.3.2.8.1 UK Infrared Thermography Market by Product Type
12.3.2.8.2 UK Infrared Thermography Market by Solution Type
12.3.2.8.3 UK Infrared Thermography Market by Building Type
12.3.2.8.4 UK Infrared Thermography Market by Application
12.3.2.9 Italy
12.3.2.9.1 Italy Infrared Thermography Market by Product Type
12.3.2.9.2 Italy Infrared Thermography Market by Solution Type
12.3.2.9.3 Italy Infrared Thermography Market by Building Type
12.3.2.9.4 Italy Infrared Thermography Market by Application
12.3.2.10 Spain
12.3.2.10.1 Spain Infrared Thermography Market by Product Type
12.3.2.10.2 Spain Infrared Thermography Market by Solution Type
12.3.2.10.3 Spain Infrared Thermography Market by Building Type
12.3.2.10.4 Spain Infrared Thermography Market by Application
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Infrared Thermography Market by Product Type
12.3.2.11.2 Netherlands Infrared Thermography Market by Solution Type
12.3.2.11.3 Netherlands Infrared Thermography Market by Building Type
12.3.2.11.4 Netherlands Infrared Thermography Market by Application
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Infrared Thermography Market by Product Type
12.3.2.12.2 Switzerland Infrared Thermography Market by Solution Type
12.3.2.12.3 Switzerland Infrared Thermography Market by Building Type
12.3.2.12.4 Switzerland Infrared Thermography Market by Application
12.3.2.13 Austria
12.3.2.13.1 Austria Infrared Thermography Market by Product Type
12.3.2.13.2 Austria Infrared Thermography Market by Solution Type
12.3.2.13.3 Austria Infrared Thermography Market by Building Type
12.3.2.13.4 Austria Infrared Thermography Market by Application
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Infrared Thermography Market by Product Type
12.3.2.14.2 Rest of Western Europe Infrared Thermography Market by Solution Type
12.3.2.14.3 Rest of Western Europe Infrared Thermography Market by Building Type
12.3.2.14.4 Rest of Western Europe Infrared Thermography Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Infrared Thermography Market by Country
12.4.2 Asia Pacific Infrared Thermography Market by Product Type
12.4.3 Asia Pacific Infrared Thermography Market by Solution Type
12.4.4 Asia Pacific Infrared Thermography Market by Building Type
12.4.5 Asia Pacific Infrared Thermography Market by Application
12.4.6 China
12.4.6.1 China Infrared Thermography Market by Product Type
12.4.6.2 China Infrared Thermography Market by Solution Type
12.4.6.3 China Infrared Thermography Market by Building Type
12.4.6.4 China Infrared Thermography Market by Application
12.4.7 India
12.4.7.1 India Infrared Thermography Market by Product Type
12.4.7.2 India Infrared Thermography Market by Solution Type
12.4.7.3 India Infrared Thermography Market by Building Type
12.4.7.4 India Infrared Thermography Market by Application
12.4.8 Japan
12.4.8.1 Japan Infrared Thermography Market by Product Type
12.4.8.2 Japan Infrared Thermography Market by Solution Type
12.4.8.3 Japan Infrared Thermography Market by Building Type
12.4.8.4 Japan Infrared Thermography Market by Application
12.4.9 South Korea
12.4.9.1 South Korea Infrared Thermography Market by Product Type
12.4.9.2 South Korea Infrared Thermography Market by Solution Type
12.4.9.3 South Korea Infrared Thermography Market by Building Type
12.4.9.4 South Korea Infrared Thermography Market by Application
12.4.10 Vietnam
12.4.10.1 Vietnam Infrared Thermography Market by Product Type
12.4.10.2 Vietnam Infrared Thermography Market by Solution Type
12.4.10.3 Vietnam Infrared Thermography Market by Building Type
12.4.10.4 Vietnam Infrared Thermography Market by Application
12.4.11 Singapore
12.4.11.1 Singapore Infrared Thermography Market by Product Type
12.4.11.2 Singapore Infrared Thermography Market by Solution Type
12.4.11.3 Singapore Infrared Thermography Market by Building Type
12.4.11.4 Singapore Infrared Thermography Market by Application
12.4.12 Australia
12.4.12.1 Australia Infrared Thermography Market by Product Type
12.4.12.2 Australia Infrared Thermography Market by Solution Type
12.4.12.3 Australia Infrared Thermography Market by Building Type
12.4.12.4 Australia Infrared Thermography Market by Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Infrared Thermography Market by Product Type
12.4.13.2 Rest of Asia-Pacific Infrared Thermography Market by Solution Type
12.4.13.3 Rest of Asia-Pacific Infrared Thermography Market by Building Type
12.4.13.4 Rest of Asia-Pacific Infrared Thermography Market by Application
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Infrared Thermography Market by country
12.5.1.2 Middle East Infrared Thermography Market by Product Type
12.5.1.3 Middle East Infrared Thermography Market by Solution Type
12.5.1.4 Middle East Infrared Thermography Market by Building Type
12.5.1.5 Middle East Infrared Thermography Market by Application
12.5.1.6 UAE
12.5.1.6.1 UAE Infrared Thermography Market by Product Type
12.5.1.6.2 UAE Infrared Thermography Market by Solution Type
12.5.1.6.3 UAE Infrared Thermography Market by Building Type
12.5.1.6.4 UAE Infrared Thermography Market by Application
12.5.1.7 Egypt
12.5.1.7.1 Egypt Infrared Thermography Market by Product Type
12.5.1.7.2 Egypt Infrared Thermography Market by Solution Type
12.5.1.7.3 Egypt Infrared Thermography Market by Building Type
12.5.1.7.4 Egypt Infrared Thermography Market by Application
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Infrared Thermography Market by Product Type
12.5.1.8.2 Saudi Arabia Infrared Thermography Market by Solution Type
12.5.1.8.3 Saudi Arabia Infrared Thermography Market by Building Type
12.5.1.8.4 Saudi Arabia Infrared Thermography Market by Application
12.5.1.9 Qatar
12.5.1.9.1 Qatar Infrared Thermography Market by Product Type
12.5.1.9.2 Qatar Infrared Thermography Market by Solution Type
12.5.1.9.3 Qatar Infrared Thermography Market by Building Type
12.5.1.9.4 Qatar Infrared Thermography Market by Application
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Infrared Thermography Market by Product Type
12.5.1.10.2 Rest of Middle East Infrared Thermography Market by Solution Type
12.5.1.10.3 Rest of Middle East Infrared Thermography Market by Building Type
12.5.1.10.4 Rest of Middle East Infrared Thermography Market by Application
12.5.2. Africa
12.5.2.1 Africa Infrared Thermography Market by country
12.5.2.2 Africa Infrared Thermography Market by Product Type
12.5.2.3 Africa Infrared Thermography Market by Solution Type
12.5.2.4 Africa Infrared Thermography Market by Building Type
12.5.2.5 Africa Infrared Thermography Market by Application
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Infrared Thermography Market by Product Type
12.5.2.6.2 Nigeria Infrared Thermography Market by Solution Type
12.5.2.6.3 Nigeria Infrared Thermography Market by Building Type
12.5.2.6.4 Nigeria Infrared Thermography Market by Application
12.5.2.7 South Africa
12.5.2.7.1 South Africa Infrared Thermography Market by Product Type
12.5.2.7.2 South Africa Infrared Thermography Market by Solution Type
12.5.2.7.3 South Africa Infrared Thermography Market by Building Type
12.5.2.7.4 South Africa Infrared Thermography Market by Application
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Infrared Thermography Market by Product Type
12.5.2.8.2 Rest of Africa Infrared Thermography Market by Solution Type
12.5.2.8.3 Rest of Africa Infrared Thermography Market by Building Type
12.5.2.8.4 Rest of Africa Infrared Thermography Market by Application
12.6. Latin America
12.6.1 Latin America Infrared Thermography Market by country
12.6.2 Latin America Infrared Thermography Market by Product Type
12.6.3 Latin America Infrared Thermography Market by Solution Type
12.6.4 Latin America Infrared Thermography Market by Building Type
12.6.5 Latin America Infrared Thermography Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Infrared Thermography Market by Product Type
12.6.6.2 Brazil Infrared Thermography Market by Solution Type
12.6.6.3 Brazil Infrared Thermography Market by Building Type
12.6.6.4 Brazil Infrared Thermography Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Infrared Thermography Market by Product Type
12.6.7.2 Argentina Infrared Thermography Market by Solution Type
12.6.7.3 Argentina Infrared Thermography Market by Building Type
12.6.7.4 Argentina Infrared Thermography Market by Application
12.6.8 Colombia
12.6.8.1 Colombia Infrared Thermography Market by Product Type
12.6.8.2 Colombia Infrared Thermography Market by Solution Type
12.6.8.3 Colombia Infrared Thermography Market by Building Type
12.6.8.4 Colombia Infrared Thermography Market by Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Infrared Thermography Market by Product Type
12.6.9.2 Rest of Latin America Infrared Thermography Market by Solution Type
12.6.9.3 Rest of Latin America Infrared Thermography Market by Building Type
12.6.9.4 Rest of Latin America Infrared Thermography Market by Application
13 Company Profile
13.1 Teledyne FLIR LLC (US)
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 JENOPTIK AG (Germany)
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 SKF (Sweden)
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Fluke Corporation (US)
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Raytheon Technologies Corporation (US)
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Axis Communications AB (Sweden)
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Xenics nv (Belgium)
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Zhejiang Dali Technology Co., Ltd. (China)
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 OPGAL Optronics Industries Ltd (Israel)
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 InfraTec GmbH (Germany)
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Seek Thermal (US)
13.11.1 Company Overview
13.11.2 Financials
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
13.12 Infrared Cameras Inc. (US)
13.12.1 Company Overview
13.12.2 Financials
13.12.3 Products/ Services Offered
13.12.4 SWOT Analysis
13.12.5 The SNS View
13.13 Allied Vision Technologies GmbH (Germany)
13.13.1 Company Overview
13.13.2 Financials
13.13.3 Products/ Services Offered
13.13.4 SWOT Analysis
13.13.5 The SNS View
14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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