According to the new market research report "Thermal
Scanners Market by Wavelength (LWIR, MWIR, SWIR), Application (Thermography,
Security & Surveillance, Search & Rescue), Vertical (Industrial,
Commercial, Aerospace & Defense, Automotive, Healthcare), Technology,
Region - Global Forecast to 2025", published
by MarketsandMarkets™, the market size of Thermal Scanners Market is
estimated to grow from USD 4.1 billion in 2020 to USD 6.2 billion by 2025, at a
CAGR of 8.6%. Increasing government expenditure on the aerospace & defense
sector is one of the factors fueling the growth of this market.
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Thermal scanners market for uncooled
technology-based thermal products accounted for a larger share of market in
2019
The market for uncooled thermal products accounted
for a larger share of the thermal scanners market in 2019. The growth of this
market is attributed to the increasing demand for uncooled thermal solutions
for commercial applications. Furthermore, the availability of HD resolution
makes uncooled thermal solutions an ideal solution for high-resolution
applications, such as military security and surveillance, industrial detection,
and automotive diagnostic. Moreover, they offer long-time services due to the
presence of less moving parts.
Thermal scanners market for SWIR thermal products
expected to grow at highest CAGR during the forecast period
The SWIR segment is projected to lead the thermal
scanners market with the highest CAGR from 2020 to 2025. The growth is
anticipated due to several advantages offered by SWIR, such as the ability to
see through a glass, availability in small size, and ability to see the covert
laser. Moreover, as the technological advancements and efforts to launch new
low-priced SWIR cameras, is likely to increase the penetration of SWIR cameras
in thermal scanning systems.
Thermography application accounted for the largest
share of thermal scanners market in 2019
The thermography application held the largest share
of the thermal scanners industry in 2019. The growth is attributed to the
rising use of thermal scanners at airports due to the outbreak of coronavirus
and the increasing government expenditure in the military sector. According to
the Stockholm International Peace Research Institute (SIPRI), in 2018, the
global military expenditure was USD 1,822 billion, which increased by 2.6%
compared to 2017.
Browse in-depth TOC on "Thermal
Scanners Market"
104 – Tables
40 – Figures
157 – Pages
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APAC is expected to grow at highest CAGR during the
forecast period
APAC is expected to grow at the highest CAGR during
the forecast period. The growth of the thermal scanners market in APAC is
attributed to the presence of regional vendors in China and India, offering
low-cost solutions, which in turn causes a decline in prices of thermal
scanning products. Additionally, the increase in mass production of the thermal
scanners in China supports the growth of the market along with the presence of
several OEMs. The rising demand for thermal scanners due to the outbreak of
coronavirus in various regions in the APAC region mainly in China, Japan, and
South-East Asian countries, would further fuel the growth of the market.
Major Key Players:
FLIR Systems, Inc. (US), Fluke Corporation (US),
Leonardo S.p.A. (Italy), L3HARRIS TECHNOLOGIES, INC. (US), and Opgal (Israel),
are the key players in the thermal scanners market. These players are
increasingly undertaking strategies such as product launches &
developments, expansions, partnerships, agreements, contracts, and mergers
& acquisitions to increase their market share.
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