Rugged Thermal Cameras Market to Grow at a CAGR of 9.1% by 2027
Future Market Insights has announced the addition of the “Rugged Thermal Cameras Market: Global Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.
Future Market Insights has announced the addition of the “Rugged Thermal Cameras Market: Global Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.
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<strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>Market</strong><br />
Demand for <strong>Rugged</strong> <strong>Thermal</strong> <strong>Cameras</strong> <strong>to</strong> Gain Traction in APEJ Region<br />
Awareness about benefits <strong>of</strong> thermal imaging continues <strong>to</strong> be driven <strong>by</strong> effective applic<strong>at</strong>ion <strong>of</strong> rugged<br />
thermal cameras across various industrial verticals. Technological advancements have also led <strong>to</strong><br />
development <strong>of</strong> consumer electronics equipped with thermal cameras. Future <strong>Market</strong> Insights’ recently<br />
published report on the global market for rugged thermal cameras considers rising applicability <strong>of</strong> rugged<br />
thermal cameras as a key driver for boosting their global sales. According <strong>to</strong> the report, defence and<br />
military sec<strong>to</strong>rs across several regions will be collectively observed as the world’s largest end-users <strong>of</strong><br />
rugged thermal cameras. In 2017 and beyond, more than 60% <strong>of</strong> rugged thermal cameras sold across the<br />
globe will be used for military and defence purposes.<br />
Increasing defence budgets <strong>of</strong> several countries is, thus, cited <strong>to</strong> become a crucial fac<strong>to</strong>r fuelling the<br />
global sales <strong>of</strong> rugged thermal cameras. At present, Future <strong>Market</strong> Insights values the global rugged<br />
thermal camera market <strong>at</strong> US$ 3.5 Bn, and anticip<strong>at</strong>es it <strong>to</strong> reach US$ 8.5 Bn <strong>by</strong> the end <strong>of</strong> <strong>2027</strong>. During<br />
this forecast period, the global rugged thermal camera market is likely <strong>to</strong> soar <strong>at</strong> an impressive <strong>CAGR</strong> <strong>of</strong><br />
<strong>9.1%</strong>. Key excerpts <strong>of</strong> the report indic<strong>at</strong>e the impact <strong>of</strong> multiple fac<strong>to</strong>rs on expansion <strong>of</strong> global rugged<br />
thermal camera market.<br />
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At the outset, rising defence expenditure and growing military budgets serves as a major booster, driving<br />
the global demand for rugged thermal cameras.<br />
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