Thermal Scanners Market Size, Trends and Growth Analysis by 2027

The thermal scanners market was valued at approximately US$ 3,925.11 million in 2019 and is anticipated to grow to around US$ 7,625.69 million by 2027, reflecting a compound annual growth rate (CAGR) of 8.9% from 2020 to 2027.

The surge in demand for thermal scanners, particularly for the detection of elevated body temperatures during the COVID-19 pandemic, along with the increasing integration of these devices in the automotive industry, are significant factors propelling the growth of the global thermal scanners market. Additionally, the application of thermal scanners for identifying structural defects in buildings and the incorporation of Internet of Things (IoT) technology into thermal scanning devices are expected to further enhance market expansion in the years ahead. Nevertheless, the imposition of export restrictions on thermal cameras and scanners could pose challenges to market growth.

The thermal scanners market is categorized based on type, wavelength, end use, and geographical region. In terms of type, the market is divided into handheld and fixed thermal scanners. The fixed segment dominated the market share in 2019. Regarding wavelength, the market is segmented into short-wave infrared, mid-wave infrared, and long-wave infrared, with the mid-wave infrared segment projected to experience the highest CAGR during the forecast period. By end use, the market is classified into industrial, aerospace and defense, automotive, oil and gas, and other sectors. The aerospace and defense segment accounted for a significant portion of the market in 2019, while the other segment is expected to achieve the highest CAGR from 2020 to 2027. Geographically, the global thermal scanners market is divided into five key regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). North America held the largest market share in 2019, followed by Europe and APAC, with the APAC region anticipated to witness the highest growth rate from 2020 to 2027.

The COVID-19 pandemic, which originated in Wuhan, China, in December 2019, has rapidly spread worldwide, leading to its classification as a pandemic. As of July 2020, countries such as China, India, Brazil, Mexico, Spain, the UK, South Africa, and the US have been significantly impacted, with the World Health Organization reporting approximately 16,523,815 confirmed cases and 655,112 deaths globally. The pandemic has disrupted economies and business operations due to lockdowns, travel restrictions, and the closure of businesses. However, as restrictions are gradually lifted and businesses, including commercial areas like airports, begin to reopen, the risk of infection among the workforce has increased. Consequently, companies such as Robert Bosch, FLIR, Ametek, Opgal, and Thermavis are actively engaged in developing thermal scanners to help manage the ongoing pandemic.

The overall size of the thermal scanners market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aims to provide an overview and forecast of the thermal scanners market across all segments. Furthermore, it offers insights and projections for the global thermal scanners market based on the various segments across the five major regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Additionally, primary interviews were conducted with industry participants and experts to validate the data and gain deeper analytical insights into the market. Participants typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the thermal scanners market.

Key players in the global thermal scanners market include 3M, AMETEK Inc., Electro Optical Industries, FLIR Systems, Inc., Fluke Corporation, Infrared Cameras Inc, Leonardo S.p.A., Robert Bosch GmbH, Seek Thermal, Inc., and Thermoteknix Systems Ltd.