Please Wait.....
Report
Latin America Thermal Imaging Systems Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 110 Pages I Mordor Intelligence
The Latin American thermal imaging systems market is expected to witness a CAGR of 7.95% from 2022 to 2027. The market is expected to have a steady growth due to the increased thermal camera usage across various industries, including Aerospace and Defense, Automotive, Healthcare and Life Sciences, Oil and Gas, and Food and Beverage.
Key Highlights
The Latin American area is aggressively investing in its military for various reasons. Various nations in the area are expanding their military budgets, including border control, anti-piracy operations, and combat organized crime and drug cartels. Thermal imaging aids armies in various ways, including tracing minor movements near borders, whether on land or at sea.
Clinical Thermography (CT), often known as thermal imaging, is a non-invasive screening and diagnostic approach that can be used in conjunction with mammography or another scanning or diagnostic instrument. Thermal cameras are used in clinical thermography to identify cancer, infections, traumas, and vascular disease at an early stage. Thermal cameras create pictures depending on the amount of heat radiated by the human body, making it one of the greatest preventative health screening approaches. As a result, the thermal imaging market is likely to grow in the future as prospects for thermal imaging in healthcare applications expand.
Due to technological improvements, companies have also downsized IR and thermal imaging sensors, making them very efficient and thereby enhancing their simplicity of use. Handheld infrared and thermal imaging systems are gaining popularity due to their mobility. They are finding uses in various industries, including hospitals, to save maintenance times and heating costs.
COVID-19's breakout and spread have caused a halt in the region's economic development. It has harmed several sectors, including thermal imaging. Companies are preparing and trying to keep their operations running. The primary obstacles that businesses encounter are product manufacturing and distribution. To restrict the spread of the pandemic, some nations worldwide have implemented or extended lockdowns, causing interruptions in the thermal imaging market's supply chain.
Latin America Thermal Imaging Systems Market Trends
Thermal Imaging is More Prevalent in the Automotive Sector
The automobile industry is now gaining traction with high-tech autonomous cars, also known as Advanced Driver-Assistance Systems (ADAS) or driverless vehicles. Multiple sensors, including thermal cameras, Radio Detection and Ranging (RADAR), Light Detection and Ranging (LIDAR) sensor, and proximity sensor, substitute drivers in these cars to enable automated driving, navigation, and better situational awareness.
To increase night vision and identify people or animals in foggy, crowded areas and foggy situations, thermal imaging cameras are integrated into driverless cars, which instantly stop the vehicle to avoid any casualties.
Thermal imaging cameras are used in the automobile industry to allow drivers to see in harsh lighting and weather situations to avoid accidents and assure safety. Automotive manufacturers and thermal imaging solution suppliers are working together to develop innovative thermal solutions for the automotive industry.
Moreover, thermal imaging technology is also utilized for non-destructive inspection of automotive parts and micro-components to assure vehicle safety while saving time and money.
Increasing Defense Spending Expected to Drive the Market
The military and defense industries were among the first to use infrared and thermal imaging devices. With the defense sector's increased investment in surveillance, the use of infrared and thermal imaging equipment is projected to grow in the future.
Governments all across Latin America are investing in next-generation technology by giving better and more accurate information to military troops. As the use of IR thermography equipment in the military industry has grown, this has had an influence on the rise of infrared cameras, particularly short-wavelength IR cameras.
There is a significant trend of increasing crime and violence in the region. As a result of this element, the homeland security forces' budgets have increased to purchase advanced protection systems and devices. Modern combat has grown increasingly asymmetric with an expanding number of non-lethal and deadly weapons.
Latin America Thermal Imaging Systems Market Competitor Analysis
The Latin American Thermal Imaging Systems market is partially fragmented and consists of several major players. Some of the major players like Axis Communications, Flir, Fluke Corporation, Bae Systems, Elbit Systems Ltd, Raytheon Co., and Lockheed Martin are already present in the thermal imaging systems market. However, with innovative solutions, many of the companies are increasing their market presence by securing new contracts and by tapping new markets.
January 2022: Xenics has launched the Ceres T 1280, a new high-performance, high-resolution thermographic long-wave infrared (LWIR) camera. Xenics is expanding its high-performance thermographic camera line with the Ceres T 1280.
November 2021: Teledyne FLIR launched Online Developer Support Tools for Lepton Thermal Camera Module Integration. Working with developers, Teledyne FLIR has created a new set of extensive online support tools to enable the next generation of designers, developers, and engineers to create new devices and applications using the Lepton.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Value Chain / Supply Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of COVID-19 Impact on the Industry
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Thermal Imaging Increasingly Used in Various Applications
5.1.2 Technological Upgradations in Thermal Imaging Systems
5.2 Market Restraints
5.2.1 Lack of Regular Support and Services
6 MARKET SEGMENTATION
6.1 By Solutions
6.1.1 Hardware
6.1.2 Software
6.1.3 Services
6.2 By Product Type
6.2.1 Fixed Thermal Cameras
6.2.2 Handheld Thermal Cameras
6.3 By Application
6.3.1 Security and Surveillance
6.3.2 Monitoring and Inspection
6.3.3 Detection and Measurement
6.4 By End User
6.4.1 Aerospace and Defense
6.4.2 Automotive
6.4.3 Healthcare and Life Sciences
6.4.4 Oil and Gas
6.4.5 Food and Beverage
6.4.6 Other End Users
6.5 By Country
6.5.1 Brazil
6.5.2 Argentina
6.5.3 Rest of Latin America
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Flir Systems Inc.
7.1.2 L-3 Communications Holdings
7.1.3 Lockheed Martin
7.1.4 BAE Systems PLC
7.1.5 Fluke Corporation
7.1.6 Elbit Systems Ltd
7.1.7 Raytheon Co.
7.1.8 Axis Communications
7.1.9 Leonardo SpA
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security