Global Automotive Thermal Imaging Market Overview:

According to MarkNtel Advisors study 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. The market growth is attributed to the stern policies of governments across the globe regarding the integration of advanced automobile structures to ensure the safety of people. Governments are increasingly worried about street traffic troubles and injuries, which has resulted in the imposition of diverse requirements and rules regarding the adoption of advanced structures consisting of thermal imaging structures in vehicles.

Global Automotive Thermal Imaging Market Challenge:

Troubleshooting Image Consistency Errors Posing a Significant Barrier to its Widespread Implementation – The prime factor that restrained the growth & expansion of the Global Automotive Thermal Imaging Market is the problem associated with image consistency in thermal imaging cameras. The extreme temperatures and precipitation seldom lead to misidentification and inconsistency in the results of thermal imaging. These factors affect thermal imaging accuracy, leading to unreliable detection of obstacles and hazards on the road and pathways.

Moreover, the thermal imaging systems also face issues when the vehicle is at high speed, like on highways, and the sudden appearance of any obstacle takes time to confirm, leading to inconsistency in the results. These issues take away trust among both consumers and automotive manufacturers, impeding its market adoption. Consumers and automotive manufacturers demand dependable safety features to integrate into their vehicles, and inconsistent images with error detection drive them away from automotive thermal imaging solutions, hampering market growth.

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Scope of the Automotive Thermal Imaging Market Report Segmentation

-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

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Geographical analysis:

-By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Geographically, among all regions, Asia-Pacific is anticipated to dominate the market during the forecast period. The major market growth in the region is attributed to the increasing population levels demanding passenger cars in countries like China, India, Thailand, etc. With consumers becoming more inclined toward vehicle ownership, the demand for thermal imaging systems in vehicles is increasing. The region also has high manufacturing capacities for automotive production for both personal and commercial vehicles, which is further surging the demand from OEMs in the automotive sector. The region has major automotive companies like Toyota, Honda, BMW, etc., with their expansive manufacturing units and high export potential. This, in turn, is significantly propelling the demand for thermal imaging solutions and augmenting market growth.

Furthermore, the rising demand for luxury cars with superior cabin comfort has been fueling the size & volume of the automotive thermal imaging market in the region, which is expected to grow steadily in the coming years.

Global 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.

Current Landscape of Automotive Thermal Imaging Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Automotive Thermal Imaging market. The research report profiles major players, including

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• 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
• Others

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