February 02, 2022
According to the business analysis report titled ‘Global Thermal Scanners Market Size study, by Type (Handheld, Fixed), by Wavelength (Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR), Long-Wave Infrared (LWIR)), by End use (Industrial, Healthcare, Aerospace & Defense, Automotive, Oil & Gas, Commercial, Others)and Regional Forecasts 2021-2027’, available with MarketStudyReport, global thermal scanners market is set to record a stable CAGR of 8.6% through 2027 and touch a valuation of USD 7.3 Bn by the forecast period-end.
Surging demand product demand at airports for coronavirus detection along with increased product adoption across industries in the post-pandemic reopening scenario, especially in healthcare, are fostering global thermal scanners market growth.
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For the uninitiated, a thermal scanner is a non-invasive infrared imaging device that can read the heat emitted by the subject and record the temperature.
Notably, thermal screening is increasingly being utilized across corporations such as small- and large-scale industries, factories, government offices, and transportation agencies as a quick, efficient, and discrete means of identification of persons carrying any kind of pathogen in a virus-laden region.
Despite the positive industry outlook, export restrictions with regards to thermal scanner transportation may hinder the growth of the global thermal scanners industry in the upcoming years.
Moving on to the regional landscape, major geographies contributing to the progress of global thermal scanners industry are North America, Europe, Asia Pacific, and Latin America. Among these, North America currently accounts for majority of the industry share owing to the existence of numerous monuments, residential and commercial buildings in the area.
Meanwhile, the market in Asia Pacific region is anticipated to grow substantially over the forecast period as many vendors are now providing several cost-effective alternatives.
Speaking of the competitive framework, the global thermal scanners market report conducts a deep-dive survey of key players, namely, Fluke Corporation, Seek Thermal, Axis Communications AB, Teledyne Technologies Inc., FLIR Systems Inc, Opgal, Leonardo S.p.A., L3Harris Technologies, Optotherm, Inc., 3M Company, and Thermoteknix Systems Ltd.
The aforementioned companies are actively engaging in new product development, collaborations & partnerships, and mergers & acquisitions to improve their standing. For instance, FLIR Systems, Inc. launched the FLIR T860 thermal camera in September 2019 that featured an integrated inspection route software.