Thermal Scanner Market by Technology and Geography - Forecast and Analysis 2021-2025

The thermal scanner market share is expected to increase by USD 1.92 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.98%.

This thermal scanner market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers thermal scanner market segmentation by technology (uncooled and cooled) and geography (North America, Europe, APAC, South America, and MEA). The thermal scanner market report also offers information on several market vendors, including 3M Co., AMETEK Inc., Fluke Corp., Infrared Cameras Inc., L3Harris Technologies Inc., Opgal Optronic Industries Ltd., Robert Bosch GmbH, Seek Thermal Inc., Teledyne FLIR LLC, and Testo SE and Co. KGaA among others.

What will the Thermal Scanner Market Size be During the Forecast Period?

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Thermal Scanner Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and after the post-COVID-19 era. The rising military spending is notably driving the thermal scanner market growth, although factors such as economic slowdown and other macroeconomic factors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the thermal scanner industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Thermal Scanner Market Driver

The increasing demand from airports for passenger screening is one of the key factors driving the growth of the global thermal scanner market. Since the lifting of lockdowns, the rapid growth of air passenger traffic has necessitated radical changes in the SOP of airport terminals to cater to the flow of traffic with minimum capacity constraints while ensuring zero lapses in security protocols. The rising cases of communicable diseases are a particularly difficult issue that is negatively impacting stakeholders in the airline industry. In addition, the recent outbreak of COVID-19 globally has raised hygiene concerns among the global population. The pandemic disease is spread through meeting an infected patient or even by touching any infected area or place that has already met the infected person. Fever, sore throat, and difficulty in breathing are some of the symptoms shown by patients. To prevent the transmission of this disease, airline companies across the globe have started taking several precautionary measures, such as the use of thermal scanners for inspecting passengers? body temperature and disinfecting the airport surroundings. Thus, the rising variants of the COVID-19 virus and the risk of the third wave are increasing the demand for thermal scanners in airports.

Key Thermal Scanner Market Trend

The increasing demand for compact thermal scanners will fuel the global thermal scanner market. Vendors are focusing on reducing the overall size of thermal scanning devices and are providing compact thermal scanners. Some vendors have developed compact thermal scanners that can be plugged into mobile and can scan the temperature of surrounding equipment and components. Vendors such as FLIR and Seek Thermal offer compact and plug-in mobile thermal scanners. The effectiveness of thermal scanners has increased their demand in industrial and commercial facilities for mobile applications. In industries such as oil and gas and mining, where the operations are carried out in remote locations, compact scanners provide an effective option to carry out remote inspection of equipment. Similarly, professionals that have to carry out inspections of electrical systems in residential areas can use these plug-in thermal cameras. Owing to the benefits, the demand for compact thermal scanners is expected to increase during the forecast period.

Key Thermal Scanner Market Challenge

The excessive export restrictions imposed on thermal imaging products are a major challenge for the global thermal scanner market growth. Thermal scanners are majorly used in military and defense-related applications. The high application of thermal scanners, thermal cameras, and infrared sensors in military applications has resulted in stringent regulations on the export of these devices around the world. For instance, thermal scanner and thermal imaging systems are categorized under International Traffic in Arms Regulations (ITAR) by the US Department of State. Under this regulation, the export of these devices is restricted to certain countries. Nonconformance with the regulation can lead to heavy fines on suppliers, affecting the profitability of the firm. For instance, FLIR Systems Inc. (FLIR Systems) was accused of violating the ITAR and Arms Export Control Act after they shared ITAR-controlled defense items with dual-national employees from Iraq, Lebanon, Iran, and Cuba. Post the trial, the US State Department and FLIR Systems officially reached a settlement, and the company was required to pay a $30 million civil penalty. Such cases can severely impact the profitability of companies and affect the export of products.

This thermal scanner market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global thermal scanner market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the thermal scanner market during the forecast period.

Who are the Major Thermal Scanner Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 3M Co.
• AMETEK Inc.
• Fluke Corp.
• Infrared Cameras Inc.
• L3Harris Technologies Inc.
• Opgal Optronic Industries Ltd.
• Robert Bosch GmbH
• Seek Thermal Inc.
• Teledyne FLIR LLC
• Testo SE and Co. KGaA

 

This statistical study of the thermal scanner market encompasses successful business strategies deployed by the key vendors. The thermal scanner market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

• 3M Co.- The company offers thermal scanners that are equipped with an In-Mask Display to see a clear image unaffected by external conditions and an adjustable display which can be configurable to one's line of sight, under the brand name of 3M Scott.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The thermal scanner market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Thermal Scanner Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the thermal scanner market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global thermal scanner market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Thermal Scanner Market?

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35% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for the thermal scanner market in North America. Market growth in this region will be faster than the growth of the market in regions.

The increasing number of applications in the industrial and aerospace and defense sectors will facilitate the thermal scanner market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The thermal scanner market in North America witnessed strong growth in 2020, owing to the outbreak of the novel COVID-19 virus. The outbreak of the deadly virus has created a lethal scenario across North America, which has influenced governments across the region to screen the traveling passengers for any symptoms of COVID-19. Similarly, the rising number of cases of COVID-19 in the region has resulted in significant pressure on the healthcare facilities in 2020. Healthcare professionals are using thermal scanners for detecting the patient's body temperature and taking necessary actions based on the symptoms of patients. Thermal Imaging Systems are highly adopted for temperature screening at airports malls and healthcare facilities which will drive the market during the forecast period.?? 

What are the Revenue-generating Technology Segments in the Thermal Scanner Market?

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The thermal scanner market share growth in the uncooled segment will be significant during the forecast period. The infrared-detecting elements in an uncooled thermal scanner are contained in a unit that operates at room temperature. Uncooled thermal scanners are used to see minute temperature differences, visualize thermal phenomena in a specific part of the electromagnetic spectrum, measure the temperature of a small target, and synchronize thermal imaging cameras with other measuring devices. Uncooled thermal scanners can operate for a longer duration than cooled thermal scanners. Furthermore, they can operate quietly and can be activated immediately.

This report provides an accurate prediction of the contribution of all the segments to the growth of the thermal scanner market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Thermal Scanner Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 7.98%
Market growth 2021-2025	$ 1.92 billion
Market structure	Fragmented
YoY growth (%)	7.00
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 35%
Key consumer countries	US, China, Germany, UK, and Canada
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., AMETEK Inc., Fluke Corp., Infrared Cameras Inc., L3Harris Technologies Inc., Opgal Optronic Industries Ltd., Robert Bosch GmbH, Seek Thermal Inc., Teledyne FLIR LLC, and Testo SE and Co. KGaA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Thermal Scanner Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive thermal scanner market growth during the next five years
• Precise estimation of the thermal scanner market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the thermal scanner industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of thermal scanner market vendors

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