封面
市场调查报告书
商品编码
1446956

到 2030 年热感成像市场预测:按类型、波长、技术、应用、最终用户和地区进行的全球分析

Thermal Imaging Market Forecasts to 2030 - Global Analysis By Type, Wavelength (Shortwave Infrared, Medium Wave Infrared and Large Wave Infrared ), Technology, Application, End User and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据Stratistics MRC预测,2023年全球热感成像市场规模将达39.1亿美元,预计2030年将达到67.8亿美元,预测期内复合年增长率为8.18%。

热感成像是一种检测和捕捉物体发出的红外线辐射并将温度变化转换为可见影像的技术。它是基于所有物体都以红外线辐射形式散发热量的原理。配备特殊感测器的红外线摄影机可捕捉这种辐射,并产生代表温度变化的不同色阶的热感影像。热成像广泛应用于军事、医疗和工业等各个领域,让使用者可以识别热模式、检测异常并可视化温差,使其成为安全、监控和诊断的重要工具。

根据北约的一项研究,预计2021年美国将把国内生产总值的3.52%用于国防支出。这将是2021年国防预算支出占GDP比例最高的国家。

对非接触温度的需求不断增长

非接触式温度测量的趋势主要是由于医疗保健、製造和基础设施等各个行业对非接触式监控和安全性的日益重视而推动的。热成像技术促进了这一点,无需直接物理接触即可快速且准确地评估温度变化。这已成为健康和安全通讯协定的重要应用,例如发烧筛检、工业製程控制和建筑检查等。随着组织优先考虑非侵入式温度监测解决方案,热成像市场的需求量很大。

能量消耗

传统的热感需要大量能量才能运行,这限制了它们在可携式和电池供电设备中的应用。这项限制阻碍了热感成像技术在家用电子电器、无人机和穿戴式装置等领域的发展和普及。解决功耗问题对于扩大市场、使热感功能融入更广泛的应用以及促进各行业的创新和效率至关重要。

汽车产业

这项技术为汽车产业带来了巨大的机会,因为它提高了安全性和效率。热感可以在黑暗或恶劣天气等低能见度条件下侦测行人、动物和其他物体。它还在 ADAS(高级驾驶员辅助系统)中发挥重要作用,提供有助于防撞并提高交通安全的即时资讯。此外,热成像可用于车辆诊断,以确保最佳性能并及早发现潜在问题。

社会认知

大众对热感成像市场认知的主要威胁是隐私问题。随着热感成像技术在监视和监控等各种应用中普及,人们越来越担心个人隐私可能受到侵犯。个人可能会对未经本人同意进行红外线扫描感到不安,从而引发对该技术的伦理影响和界限的质疑。此外,还存在滥用的风险,引起公众对滥用监视和诈欺的资料收集的可能性的担忧。

COVID-19 的影响:

COVID-19 大流行对热成像市场产生了重大影响,因为该技术因其非接触式温度测量功能而受到关注。随着人们对健康和安全措施的日益关注,热成像解决方案已广泛应用于筛检体温升高(病毒的常见症状)。需求的激增导致热成像市场显着成长,特别是在医疗保健、交通和公共场所等领域。对准确、快速体温检测的需求正在推动热成像技术的创新,为市场相关人员创造新的商机。

预计热感仪产业在预测期内将成为最大的产业

由于热感成像仪在各行业的多样化应用,热感成像市场正在经历强劲成长。工业、医疗保健和安全等领域对非接触式温度测量和监控的需求不断增长,推动了热感仪的采用。这些设备提供即时热资料,使您能够快速检测异常情况、设备故障和潜在安全隐患。此外,技术的进步导致了更便宜、更紧凑的热感像仪的开发,这些热像仪越来越受到广大用户的普及。

预计汽车业在预测期内复合年增长率最高

汽车产业正在经历显着成长,因为它在提高车辆的安全性和性能方面发挥着至关重要的作用。透过将热感仪技术整合到汽车,ADAS(高级驾驶员辅助系统)即使在照度、雾和恶劣天气等恶劣条件下也可以提高能见度。因此,对汽车红外线摄影机的需求不断增加,有助于该领域的扩展。对自动驾驶汽车的日益关注正在加速热感仪的采用,以增强物体检测和行人识别。

比最大的地区

由于各行业的应用不断扩大,北美地区热感成像市场正在显着成长。需求不断增长是由于技术进步,这些技术广泛应用于国防、航太和医疗保健等领域。人们越来越认识到热感的优势,例如增强的安全措施、预防性维护和高效监控,也推动了市场的扩张。此外,该地区强劲的基础设施开拓和热感成像解决方案的持续创新也有助于加速市场成长。

复合年增长率最高的地区:

由于各行业的采用不断增加,亚太地区的热感成像市场正经历显着成长。对先进监控和安全系统的需求不断增长以及工业应用的不断扩大正在推动市场扩张。新兴经济体尤其关注基础设施发展,并使用红外线热成像技术进行预防性维护和监测。此外,技术进步、成本降低以及人们对红外线热成像优势的认识不断提高,进一步推动了亚太地区的市场成长。

免费客製化服务

订阅此报告的客户可以存取以下免费自订选项之一:

  • 公司简介
    • 其他市场参与者的综合分析(最多 3 家公司)
    • 主要企业SWOT分析(最多3家企业)
  • 区域分割
    • 根据客户兴趣对主要国家的市场估计、预测和复合年增长率(註:基于可行性检查)
  • 竞争基准化分析
    • 根据产品系列、地理分布和策略联盟对主要企业基准化分析

目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 资料分析
    • 资料检验
    • 研究途径
  • 调查来源
    • 主要调查来源
    • 二次调查来源
    • 先决条件

第三章市场趋势分析

  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 技术分析
  • 应用分析
  • 最终用户分析
  • 新兴市场
  • 新型冠状病毒感染疾病(COVID-19)的影响

第4章波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争公司之间的敌对关係

第五章全球热感成像市场:按类型

  • 热感仪
    • 固定热感仪
    • 手持热感像仪
  • 热感模组
  • 热感范围
  • 其他类型

第六章全球热感成像市场:依波长

  • 短波红外线 (SWIR)
  • 中波红外线 (MWIR)
  • 大波红外线 (LWIR)

第七章全球热感成像市场:依技术分类

  • 冷却
  • 未冷却的

第八章全球热感成像市场:依应用分类

  • 检测与测量
  • 关键基础设施
  • 安全和监视
  • 其他用途

第九章全球热感成像市场:依最终用户分类

  • 食品与饮品
  • 医疗保健和生命科学
  • 商业的
  • 油和气
  • 产业
  • 航太和国防
  • 住宅
  • 其他最终用户

第十章全球热感成像市场:按地区

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东和非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲

第十一章 主要进展

  • 合约、伙伴关係、协作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务扩展
  • 其他关键策略

第十二章 公司简介

  • BAE System Plc
  • Bullard GmbH
  • Cantronic Systems, Inc.
  • Dali Technology Co., Ltd.
  • Excelitas Technologies Corp.
  • FLIR Systems, Inc.
  • Fluke Corporation
  • HT Instruments
  • Leonardo SpA
  • Opgal Optronic Industries Ltd.
  • RTX Corporation
  • Seek Thermal, Inc.
  • Testo Inc.
  • Thales Group
  • Thermoteknix Systems Ltd.
  • Trijicon Inc.
Product Code: SMRC25217

According to Stratistics MRC, the Global Thermal Imaging Market is accounted for $3.91 billion in 2023 and is expected to reach $6.78 billion by 2030 growing at a CAGR of 8.18% during the forecast period. Thermal imaging is a technology that detects and captures infrared radiation emitted by objects, converting it into visible images that represent temperature variations. It relies on the principle that all objects emit heat in the form of infrared radiation. Infrared cameras, equipped with specialized sensors, capture this radiation and generate thermal images with varying color gradients to depict temperature variations. Commonly used in diverse fields such as military, medicine, and industrial applications, thermal imaging allows users to identify heat patterns, detect anomalies, and visualize temperature differences, making it a valuable tool for safety, surveillance, and diagnostics.

According to a survey conducted by NATO, in 2021, the United States is estimated to spend 3.52%of its gross domestic product on defense expenditures. This makes them the country with the highest share of GDP spent on the defense budget in 2021.

Market Dynamics:

Driver:

Increasing demand for non-contact temperature

Non-contact temperature measurement trend is primarily fueled by the growing emphasis on contactless monitoring and safety across various industries, such as healthcare, manufacturing, and infrastructure. This is facilitated by thermal imaging technology, allows for quick and accurate assessment of temperature variations without direct physical contact. This has become crucial for applications like fever screening, industrial process control, and building inspections, especially in the context of health and safety protocols. As organizations prioritize non-invasive temperature monitoring solutions, the thermal imaging market experiences heightened demand.

Restraint:

Power consumption

Traditional thermal imaging devices often require substantial energy to operate, limiting their applicability to portable or battery-powered devices. This constraint hinders the development and adoption of thermal imaging technologies in sectors such as consumer electronics, drones, and wearable devices. Addressing power consumption issues is crucial for expanding the market's reach and enabling the integration of thermal imaging capabilities into a broader range of applications, fostering innovation and efficiency in various industries.

Opportunity:

Automotive industry

The automotive industry is witnessing a significant opportunity, as this technology offers enhanced safety and efficiency features. Thermal imaging enables vehicles to detect pedestrians, animals, and other objects in low-visibility conditions, such as darkness or adverse weather. It plays a crucial role in advanced driver assistance systems (ADAS), providing real-time information to help prevent collisions and improve overall road safety. Additionally, thermal imaging aids in vehicle diagnostics, ensuring optimal performance and early detection of potential issues.

Threat:

Public perception

The threat to public perception of the thermal imaging market primarily revolves around privacy concerns. As thermal imaging technology becomes more prevalent in various applications, including surveillance and monitoring, there is a growing fear of potential invasions of personal privacy. Individuals may feel uneasy about being subjected to thermal scans without their consent, raising questions about the ethical implications and boundaries of this technology. Additionally, there's a risk of misuse, leading to public apprehension regarding the potential for surveillance abuses or unauthorized data collection.

Covid-19 Impact:

The COVID-19 pandemic has significantly impacted the thermal imaging market as the technology gained prominence for its non-contact temperature measurement capabilities. With increased emphasis on health and safety measures, thermal imaging solutions have found widespread applications in screening people for elevated body temperatures, a common symptom of the virus. This surge in demand led to substantial growth in the thermal imaging market, particularly in sectors such as healthcare, transportation, and public spaces. The need for accurate and rapid temperature screening fuelled innovations in thermal imaging technology, creating new opportunities for market players.

The thermal cameras segment is expected to be the largest during the forecast period

The thermal cameras segment is experiencing robust growth in the thermal imaging market due to its diverse applications across various industries. The increasing demand for non-contact temperature measurement and monitoring in sectors such as industrial, healthcare, and security is driving the adoption of thermal cameras. These devices offer real-time thermal data, enabling quick detection of anomalies, equipment malfunctions, and potential safety hazards. Additionally, advancements in technology have led to the development of more affordable and compact thermal cameras, expanding their accessibility to a wider range of users.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment has experienced significant growth due to its pivotal role in enhancing vehicle safety and performance. The integration of thermal imaging technology in automotive applications provides advanced driver assistance systems (ADAS) with improved visibility in challenging conditions such as low light, fog, and adverse weather. This has led to increased demand for thermal cameras in vehicles, contributing to the segment's expansion. The rising focus on autonomous vehicles fuels the adoption of thermal imaging for enhanced object detection and pedestrian recognition.

Region with largest share:

The North American region has witnessed substantial growth in the thermal imaging market due to increasing applications across various industries. The heightened demand is attributed to advancements in technology, fostering widespread adoption in sectors such as defense, aerospace, and healthcare. The rising awareness of the benefits of thermal imaging, such as enhanced security measures, preventive maintenance, and efficient surveillance, has fueled market expansion. Furthermore, the region's robust infrastructure development and the continuous innovation of thermal imaging solutions have contributed to the market's accelerated growth.

Region with highest CAGR:

The Asia-Pacific region has experienced significant growth in the thermal imaging market due to increasing adoption across industries. Rising demand for advanced surveillance and security systems, coupled with the expansion of industrial applications, has driven the market's expansion. The region's focus on infrastructure development, particularly in emerging economies, has propelled the use of thermal imaging for preventive maintenance and monitoring. Additionally, technological advancements, cost reductions, and the growing awareness of the benefits of thermal imaging have further fuelled the market's growth in the Asia-Pacific region.

Key players in the market

Some of the key players in Thermal Imaging market include BAE System Plc, Bullard GmbH, Cantronic Systems, Inc., Dali Technology Co., Ltd., Excelitas Technologies Corp., FLIR Systems, Inc., Fluke Corporation, HT Instruments, Leonardo S.p.A., Opgal Optronic Industries Ltd., RTX Corporation, Seek Thermal, Inc., Testo Inc., Thales Group, Thermoteknix Systems Ltd. and Trijicon Inc.

Key Developments:

In January 2024, RTX's Collins Aerospace business has showcased its Enhanced Power and Cooling System (EPACS), achieving 80 kilowatts (kW) of cooling capacity for the F-35. This system is poised to replace the current power and thermal management setup, doubling the aircraft's cooling capability. This breakthrough positions EPACS as a potential replacement for the existing F-35 power and thermal management system (PTMS), offering an advance in cooling capabilities crucial for future upgrades.

In October 2023, Photonic solutions provider Excelitas Technologies Corp. has signed a definitive agreement with Heraeus Group of Hanau, Germany, to acquire the Heraeus Noblelight business, including operations in Germany, the U.K., the U.S., China and Japan, along with several key application centers. The acquisition of Heraeus Noblelight will represent the latest in a series of strategic acquisitions by Excelitas Technologies since its establishment in 2010.

Types Covered:

  • Thermal Cameras
  • Thermal Modules
  • Thermal Scopes
  • Other Types

Wavelengths Covered:

  • Shortwave Infrared (SWIR)
  • Medium Wave Infrared (MWIR)
  • Large Wave Infrared (LWIR)

Technologies Covered:

  • Cooled
  • Uncooled

Applications Covered:

  • Detection & Measurement
  • Critical Infrastructure
  • Security & Surveillance
  • Other Applications

End Users Covered:

  • Food & Beverages
  • Healthcare & Life Sciences
  • Commercial
  • Oil & Gas
  • Automotive
  • Industrial
  • Aerospace & Defence
  • Residential
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Technology Analysis
  • 3.7 Application Analysis
  • 3.8 End User Analysis
  • 3.9 Emerging Markets
  • 3.10 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Thermal Imaging Market, By Type

  • 5.1 Introduction
  • 5.2 Thermal Cameras
    • 5.2.1 Fixed Thermal Cameras
    • 5.2.2 Handheld Thermal Cameras
  • 5.3 Thermal Modules
  • 5.4 Thermal Scopes
  • 5.5 Other Types

6 Global Thermal Imaging Market, By Wavelength

  • 6.1 Introduction
  • 6.2 Shortwave Infrared (SWIR)
  • 6.3 Medium Wave Infrared (MWIR)
  • 6.4 Large Wave Infrared (LWIR)

7 Global Thermal Imaging Market, By Technology

  • 7.1 Introduction
  • 7.2 Cooled
  • 7.3 Uncooled

8 Global Thermal Imaging Market, By Application

  • 8.1 Introduction
  • 8.2 Detection & Measurement
  • 8.3 Critical Infrastructure
  • 8.4 Security & Surveillance
  • 8.5 Other Applications

9 Global Thermal Imaging Market, By End User

  • 9.1 Introduction
  • 9.2 Food & Beverages
  • 9.3 Healthcare & Life Sciences
  • 9.4 Commercial
  • 9.5 Oil & Gas
  • 9.6 Automotive
  • 9.7 Industrial
  • 9.8 Aerospace & Defence
  • 9.9 Residential
  • 9.10 Other End Users

10 Global Thermal Imaging Market, By Geography

  • 10.1 Introduction
  • 10.2 North America
    • 10.2.1 US
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 Germany
    • 10.3.2 UK
    • 10.3.3 Italy
    • 10.3.4 France
    • 10.3.5 Spain
    • 10.3.6 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 Japan
    • 10.4.2 China
    • 10.4.3 India
    • 10.4.4 Australia
    • 10.4.5 New Zealand
    • 10.4.6 South Korea
    • 10.4.7 Rest of Asia Pacific
  • 10.5 South America
    • 10.5.1 Argentina
    • 10.5.2 Brazil
    • 10.5.3 Chile
    • 10.5.4 Rest of South America
  • 10.6 Middle East & Africa
    • 10.6.1 Saudi Arabia
    • 10.6.2 UAE
    • 10.6.3 Qatar
    • 10.6.4 South Africa
    • 10.6.5 Rest of Middle East & Africa

11 Key Developments

  • 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 11.2 Acquisitions & Mergers
  • 11.3 New Product Launch
  • 11.4 Expansions
  • 11.5 Other Key Strategies

12 Company Profiling

  • 12.1 BAE System Plc
  • 12.2 Bullard GmbH
  • 12.3 Cantronic Systems, Inc.
  • 12.4 Dali Technology Co., Ltd.
  • 12.5 Excelitas Technologies Corp.
  • 12.6 FLIR Systems, Inc.
  • 12.7 Fluke Corporation
  • 12.8 HT Instruments
  • 12.9 Leonardo S.p.A.
  • 12.10 Opgal Optronic Industries Ltd.
  • 12.11 RTX Corporation
  • 12.12 Seek Thermal, Inc.
  • 12.13 Testo Inc.
  • 12.14 Thales Group
  • 12.15 Thermoteknix Systems Ltd.
  • 12.16 Trijicon Inc.

List of Tables

  • Table 1 Global Thermal Imaging Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Thermal Imaging Market Outlook, By Type (2021-2030) ($MN)
  • Table 3 Global Thermal Imaging Market Outlook, By Thermal Cameras (2021-2030) ($MN)
  • Table 4 Global Thermal Imaging Market Outlook, By Fixed Thermal Cameras (2021-2030) ($MN)
  • Table 5 Global Thermal Imaging Market Outlook, By Handheld Thermal Cameras (2021-2030) ($MN)
  • Table 6 Global Thermal Imaging Market Outlook, By Thermal Modules (2021-2030) ($MN)
  • Table 7 Global Thermal Imaging Market Outlook, By Thermal Scopes (2021-2030) ($MN)
  • Table 8 Global Thermal Imaging Market Outlook, By Other Types (2021-2030) ($MN)
  • Table 9 Global Thermal Imaging Market Outlook, By Wavelength (2021-2030) ($MN)
  • Table 10 Global Thermal Imaging Market Outlook, By Shortwave Infrared (SWIR) (2021-2030) ($MN)
  • Table 11 Global Thermal Imaging Market Outlook, By Medium Wave Infrared (MWIR) (2021-2030) ($MN)
  • Table 12 Global Thermal Imaging Market Outlook, By Large Wave Infrared (LWIR) (2021-2030) ($MN)
  • Table 13 Global Thermal Imaging Market Outlook, By Technology (2021-2030) ($MN)
  • Table 14 Global Thermal Imaging Market Outlook, By Cooled (2021-2030) ($MN)
  • Table 15 Global Thermal Imaging Market Outlook, By Uncooled (2021-2030) ($MN)
  • Table 16 Global Thermal Imaging Market Outlook, By Application (2021-2030) ($MN)
  • Table 17 Global Thermal Imaging Market Outlook, By Detection & Measurement (2021-2030) ($MN)
  • Table 18 Global Thermal Imaging Market Outlook, By Critical Infrastructure (2021-2030) ($MN)
  • Table 19 Global Thermal Imaging Market Outlook, By Security & Surveillance (2021-2030) ($MN)
  • Table 20 Global Thermal Imaging Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 21 Global Thermal Imaging Market Outlook, By End User (2021-2030) ($MN)
  • Table 22 Global Thermal Imaging Market Outlook, By Food & Beverages (2021-2030) ($MN)
  • Table 23 Global Thermal Imaging Market Outlook, By Healthcare & Life Sciences (2021-2030) ($MN)
  • Table 24 Global Thermal Imaging Market Outlook, By Commercial (2021-2030) ($MN)
  • Table 25 Global Thermal Imaging Market Outlook, By Oil & Gas (2021-2030) ($MN)
  • Table 26 Global Thermal Imaging Market Outlook, By Automotive (2021-2030) ($MN)
  • Table 27 Global Thermal Imaging Market Outlook, By Industrial (2021-2030) ($MN)
  • Table 28 Global Thermal Imaging Market Outlook, By Aerospace & Defence (2021-2030) ($MN)
  • Table 29 Global Thermal Imaging Market Outlook, By Residential (2021-2030) ($MN)
  • Table 30 Global Thermal Imaging Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.