Thermal Scanner Market to Grow at 10% CAGR, Driven by COVID-19 Precautions and Military Applications

Thermal Scanner Market
Thermal Scanner Market

Future Market Insights (FMI) projects the thermal scanner market to expand at a compound annual growth rate (CAGR) of 10% from 2020 to 2030. The use of thermal scanners as a primary tool in detecting fever and preventing the spread of COVID-19 at high-traffic locations such as airports and railway stations continues to be a significant growth driver. Retailers, both large and small, are increasingly adopting thermal scanners to monitor the temperatures of both staff and customers as part of enhanced safety measures. Additionally, the market is expected to see strong growth due to continued demand in the military and defense sectors. According to FMI, fixed or mounted thermal scanners dominate the market, accounting for over 75% of global sales.

Surge in Demand for Thermal Scanners Amid Ongoing COVID-19 Crisis

Initially introduced during the SARS epidemic in 2003, the thermal imaging market has evolved into a multi-billion-dollar industry. Future Market Insights (FMI) predicts the market will reach a valuation of US$ 3.8 billion by the end of 2020.

The global surge in COVID-19 cases has significantly increased the demand for thermal scanners, prompting manufacturers to strengthen their supply chains. Factories and hospitals were the initial drivers of this demand, but the need has grown exponentially as private offices and governments have ramped up their efforts to prevent the spread of the virus.

Thermal scanners are now a mandatory tool in workplaces to monitor body temperatures, leading to supply shortages and increased competition in the market. In recent months, sales of handheld and portable thermal scanners have seen a sharp rise, and FMI forecasts that this segment will grow at a rate exceeding 10% over the coming years.

Thermal Scanner Market Leading Suppliers

The thermal scanner market is primarily business-centric. Companies operating in the market are therefore driven by industrial & commercial activities. FMI profiles some of the leading companies operating across key regional segments. These include:

Americas

  • FLIR Systems, Inc.
  • Fluke Corporation
  • L3Harris Technologies, Inc.
  • Optotherm, Inc.
  • 3M Scott, US
  • Tonbo Imaging, Inc.

Europe

  • Leonardo S.p.A.
  • Thermoteknix Systems Ltd.
  • C-THERMAL
  • HGH Systemes Infrarouges SAS
  • Terabee

Asia Pacific

  • COX
  • Nippon Avionics Co.,Ltd.
  • Guangzhou SAT Infrared Technology Co., Ltd.
  • OMEGA Engineering Inc.

Market Segmentation

By Product:

  • Fixed/ Mounted
  • Handheld/ Portable

By Technology:

  • Cooled
  • Uncooled

By Application:

  • Thermography
  • Surveillance
  • Firefighting
  • Personal Vision System
  • Ruggedized Smartphone
  • Military
  • Others

By Wavelength:

  • Long-Wave Infrared (LWIR)
  • Mid-wave Infrared (MWIR)
  • Short-wave infrared (SWIR)

By Price Range:

  • High/Premium
  • Mid-Range/ Economy

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Report Preview: https://www.futuremarketinsights.com/reports/thermal-imager-market

About Future Market Insights (FMI)       

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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