| Product Code: ETC6896428 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Cyprus market for IR & thermal imaging systems saw significant growth in 2024, with top exporting countries being the USA, China, Romania, Greece, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with a strong compound annual growth rate (CAGR) of 39.12% from 2020 to 2024. The impressive growth rate of 80.24% from 2023 to 2024 suggests a rapidly expanding market, presenting lucrative opportunities for both local businesses and international exporters in the coming years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus IR & Thermal Imaging Systems Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus IR & Thermal Imaging Systems Market - Industry Life Cycle |
3.4 Cyprus IR & Thermal Imaging Systems Market - Porter's Five Forces |
3.5 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume Share, By Solutions, 2021 & 2031F |
3.6 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume Share, By Form Factor, 2021 & 2031F |
4 Cyprus IR & Thermal Imaging Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus IR & Thermal Imaging Systems Market Trends |
6 Cyprus IR & Thermal Imaging Systems Market, By Types |
6.1 Cyprus IR & Thermal Imaging Systems Market, By Solutions |
6.1.1 Overview and Analysis |
6.1.2 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Solutions, 2021- 2031F |
6.1.3 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Hardware, 2021- 2031F |
6.1.4 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Software, 2021- 2031F |
6.1.5 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Services, 2021- 2031F |
6.2 Cyprus IR & Thermal Imaging Systems Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.3 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Security, 2021- 2031F |
6.2.4 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Research and Development, 2021- 2031F |
6.2.5 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Construction Industry, 2021- 2031F |
6.2.6 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Maritime, 2021- 2031F |
6.2.7 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Transportation, 2021- 2031F |
6.2.8 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Other, 2021- 2031F |
6.2.9 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Other, 2021- 2031F |
6.3 Cyprus IR & Thermal Imaging Systems Market, By Form Factor |
6.3.1 Overview and Analysis |
6.3.2 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Handheld Imaging Devices and Systems, 2021- 2031F |
6.3.3 Cyprus IR & Thermal Imaging Systems Market Revenues & Volume, By Fixed Mounted, 2021- 2031F |
7 Cyprus IR & Thermal Imaging Systems Market Import-Export Trade Statistics |
7.1 Cyprus IR & Thermal Imaging Systems Market Export to Major Countries |
7.2 Cyprus IR & Thermal Imaging Systems Market Imports from Major Countries |
8 Cyprus IR & Thermal Imaging Systems Market Key Performance Indicators |
9 Cyprus IR & Thermal Imaging Systems Market - Opportunity Assessment |
9.1 Cyprus IR & Thermal Imaging Systems Market Opportunity Assessment, By Solutions, 2021 & 2031F |
9.2 Cyprus IR & Thermal Imaging Systems Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Cyprus IR & Thermal Imaging Systems Market Opportunity Assessment, By Form Factor, 2021 & 2031F |
10 Cyprus IR & Thermal Imaging Systems Market - Competitive Landscape |
10.1 Cyprus IR & Thermal Imaging Systems Market Revenue Share, By Companies, 2024 |
10.2 Cyprus IR & Thermal Imaging Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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