Exploring Automotive Thermal Imaging Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors

 According to Markntel Advisors Report, Automotive Thermal Imaging Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Thermal imaging is a method of changing infrared (IR) radiation (heat) into visible pictures with the help of a thermal camera to acquire records about objects. In the automotive context, thermal imaging is especially useful for detecting pedestrians, animals, and different cars, thus improving driver awareness and reducing the hazards of accidents, specifically at night or in challenging driving conditions. In addition, it is also used for repairing automobiles through the inspection of an automobile in case of damage.

 

Global Automotive Thermal Imaging Market Research Report & Summary:

The Global Automotive Thermal Imaging Market is estimated to grow at a CAGR of around 2.8% during the forecast period, i.e., 2024-30.       

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2030

Who are the Key Players Operating in the Automotive Thermal Imaging Market?

The top companies of the Automotive Thermal Imaging Market ruling the industry are: 

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

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Automotive Thermal Imaging Industry Recent Development:

·         In 2023: Owl AI launched monocular 3D thermal ranger computer vision with 2D & 3D perception for object classification for ADAS & autonomous vehicles.

What is Included in Automotive Thermal Imaging Market Segmentation?

The Automotive Thermal Imaging Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-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

-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

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Market Dynamics -Global Automotive Thermal Imaging Market:

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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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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