Global Thermal Scanners Market to be valued at USD 7.3 billion by 2027

November 18, 2021

According to the 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 was valued at USD 4.1 billion in 2020 and is anticipated to grow at a healthy growth rate of 8.6%, reaching a valuation of USD 7.3 billion during the forecast period 2021-2027. 

Rising government spending in aerospace & defense sector, and increased demand for thermal scanners at airports for coronavirus detection are factors driving the growth of global thermal scanners market.

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For the uninitiated, a thermal scanner is a non-invasive infrared imaging device that creates an image of the heat emitted by a body to detect and record the temperature. It identifies infrared energy and converts it to electrical signals, thereby producing thermal images and temperature readings.

After the Covid-19 pandemic, many industries have resumed operations following the shutdown with preventive measures such as usage of thermal cameras to screen employees. Similarly, incorporation of thermal scanners in residential and commercial complexes is propelling the industry share.

However, various restrictions imposed on the export of thermal imaging products are likely to impede the development of the industry. 

Concerning the type, global thermal scanners market is categorized into fixed, and handheld. In terms of wavelength, the market is classified into short-wave infrared, mid-wave infrared, and long-wave infrared. Based on end-user, the industry is segmented into automotive, healthcare, aerospace & defense, commercial, oil & gas, industrial, and others. 

From a regional standpoint, the market trends are studied across Asia Pacific, North America, Europe, and Latin America. Of these, North American market is predicted to grow substantially through 2027 because of the presence of numerous historical monuments, commercial, and residential buildings in the region.

Meanwhile, Asia Pacific market is poised to grow at a strong pace during the forecast period, owing to a plethora of vendors offering low-cost solutions throughout the region. 

The competitive landscape of global thermal scanners market includes companies like Teledyne FLIR LLC, Opgal Optronics Industries Ltd., The 3M Company, Fluke Corporation, Axis Communications AB, Seek Thermal, Thermoteknix Systems Ltd., Leonardo S.p.A., L3Harris Technologies, and Optotherm Inc. among others.

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