Thermal Scanners Market Expected To Touch New Height Of $4.9 Billion By 2027 | Grand View Research, Inc

August 06 21:32 2020
Thermal Scanners Market Expected To Touch New Height Of $4.9 Billion By 2027 | Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, the global thermal scanners market size was valued at USD 3.4 billion in 2019 and is expected to expand at a Compound Annual Growth Rate (CAGR) of 4.8% from 2020 to 2027.

The global thermal scanners market is expected to exhibit USD 4.9 billion by 2027 with a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Increase in demand for thermal scanning products and availability of low-cost devices for several purpose. In terms of safety, the scanning products offer high credibility when used in defense and hospitality service segments.

Several countries have figured that the novel coronavirus can be kept under control by implementing stringent safety measures while restarting the economy.

Thermal scanners serve a huge purpose in the automotive industry owing to the demand for lightweight vehicles. On this note, thermal scanners offer precision in testing techniques for quality control measures by highlighting manufacturing defects and enabling repairs to the damage without any hassle. This can also be further extended for use in the ADAS segment within the automobile industry.

On this backdrop, Short Wavelength Infrared(SWIR) thermal scanner is expected to encourage the market growth in the coming years. This enables day-to-night imaging, greater resolution and high sensitivity. Growing demand for SWIR based thermal imaging in the security segment and emergency services is most likely to propel the market growth in the near future.

The Europe thermal scanner market is expected to exhibit steady growth over the forecast period. The region has witnessed widespread adoption of thermal scanners in healthcare and commercial applications for fever detection and multiple diagnoses of the illness. Countries such as Spain, Italy, U.K., and Germany have witnessed remarkable impact of COVID-19, which has resulted in increased deployment of thermal scanners at public places such as airports, metro stations, and hospitals. After the pandemic, the use of thermal scanners and temperature checks at these public places, especially at airports, is expected to be continued, which will result in steady market growth. The CEO of Heathrow Airport, U.K., predicted that going forward, the airports shall implement the passenger temperature checking along with the security checks as a common practice.

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U.S. thermal scanner market size, by type, 2016 - 2027 (USD Million)

Covid-19 Effect:

Amid the ongoing coronavirus pandemic, thermal scanners have become an essential device to measure body temperature especially in public places. Novel coronavirus has thereby offered lucrative opportunities for the exponential growth of the global market. Several players in the healthcare sector have shifted their focus from industrial to commercial thermal scanning serving the priority for hospitals and clinical institutional needs.

Recently, under the pandemic, engineering students in Kerala, India, have come up with innovation in thermal scanning and imaging. The advanced device can be used at railway stations, airports, and other public places wherein it automatically detects the body temperature of people coming in its range along with their photographs. This will not only reduce the manpower and lessen the risk of spreading the virus, but also create a simultaneous database irrespective of manual entries. Although, the accuracy of the device is under testing phase, but it is hoped that this device would slow down the spread of coronavirus by a significant rate.

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Global thermal scanner market share, by end use, 2019 (%)

Key Takeaways from the report:

  • Handheld thermal scanners are anticipated to register a high growth until the forecast period based on their features and low-cost benefits. Moreover, the demand for thermal scanners is also expected to triple throughout the forecast period
  • The demand for long-wave infrared thermal scanners in the healthcare sector is anticipated to witness an upward trend owing to the ongoing coronavirus pandemic. It is also predicted that this will boost the technological competence to enhance the features for end-use.
  • Asia Pacific is expected to register a significant growth in the near future, as China and India have major stake in the development of regional markets
  • Companies are engaging into new product launches with an aim to enhance their product portfolio, competitiveness, and enhance manufacturing capacities

Major Players:

  • FLIR Systems Inc.;
  • L3 Harris Technologies Inc.;
  • Opgal Optronic Industries Ltd
  • Fluke Corporation
  • Leonardo S.p.A

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Grand View Research has segmented the global thermal scanners market based on type, wavelength, end use, and region:

Thermal Scanners Type Outlook (Revenue, USD Million, 2016 – 2027)

  • Handheld
  • Fixed

Thermal Scanners Wavelength Outlook (Revenue, USD Million, 2016 – 2027)

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

Thermal Scanners End-use Outlook (Revenue, USD Million, 2016 – 2027)

  • Industrial
  • Healthcare
  • Aerospace & Defense
  • Automotive
  • Oil & Gas
  • Commercial
  • Others

Thermal Scanners Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

 About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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