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Rugged Thermal Cameras Market opportunity of nearly US$ 580 Mn can be anticipated for the period 2017-2027

by chhidami12 · December 13, 2018


Researchmoz added Most up-to-date research on “Rugged Thermal Cameras Market: Electronics Segment by Application Anticipated to Register High Y-o-Y Growth Rates Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment 2017-2027” to its huge collection of research reports.


Surveillance and Security to be the biggest market driver throughout the forecast period


Un-cooled thermal cameras are primarily used in surveillance and security for securing larger compounds. Therefore, rugged thermal cameras are witnessing increased demands from nations such as the U.S, China and Russia i.e. Cheap Jeff Hornacek Shirt , countries having a large military industry complex, utilities, and infrastructure development. In the year 2016, the Surveillance & Security application segment recorded a revenue of slightly more than US$ 1.3 Bn. By the end of the year 2027 Cheap Adrian Dantley Shirt , this segment is anticipated to reach a market valuation of more than US$ 3 Bn, representing a CAGR of 8.3% for the decadal study. An incremental dollar opportunity of almost US$ 1.8 Bn can be hoped to be achieved from the Surveillance & Security segment for the period between 2017 and 2027.


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Sharp rise in defence expenditure expected to benefit the Surveillance & Security segment


Global uncertainty and volatility on account of civil wars and territorial and ideological disputes are predicted to boost global defence spending on a massive scale. Countries in the Middle East and South China Sea region in particular should drive the demand for rugged thermal cameras as they would require these cameras for surveillance and security purposes. Eastern European nations have hiked their defence budget substantially and seven of the 10 countries with the highest defence budgets are either Asian or Eastern European. A few examples include Iraq, Lithuania, Philippines Cheap Rudy Gobert Shirt , Japan, Vietnam, China and India.


Asia Pacific to be the most important region in terms of revenue growth of the Surveillance & Security segment


Asian countries are recording sharp hikes in their defence spending, the global slowdown notwithstanding. This can largely be attributed to the unrest in the Middle East along with territorial disputes in the South China Sea region. In March 2017 Cheap Karl Malone Shirt , China announced an increase of 7% in its defence budget, taking the figure. Cheap Jerseys From China Cheap Wholesale Jerseys Cheap Jerseys China Free Shipping Cheap Jerseys China Wholesale Cheap NFL Jerseys Cheap Custom NFL Jerseys Cheap NFL Jerseys From China Cheap Authentic NFL Jerseys Cheap Soccer Hoodies China Cheap Hockey Jerseys