Growth opportunities in Thermal Scanners Market

The global thermal scanners market size is estimated to grow from USD 4.1 billion in 2020 to USD 6.2 billion by 2025, at a CAGR of 8.6%. The key factors fueling the growth of this market are the increasing demand for thermal scanners at airports for mass screening, rising expenditure from the governments worldwide in aerospace & defense sectors, growing R&D investments by companies, governments, and capital firms to develop innovative thermal scanning solutions, and increasing the adoption of thermal scanners in the automotive industry.

Thermal scanners market for un-cooled technology segment accounted for a larger share of market in 2019

The un-cooled technology segment accounted for a larger share of the thermal scanners industry in 2019. The larger share is due to several advantages, such as better penetration in weak environmental conditions including dust, fog, and smoke and fewer mobile parts, providing long operating life with low maintenance.

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The Thermal scanners market for LWIR wavelength accounted for the largest share of market in 2019

The market for LWIR wavelength accounted for the largest share of the thermal scanners industry in 2019. The growth is attributed to the increasing demand for thermal scanners operating in LWIR wavelengths in automotive, civil infrastructure, food & beverages, and medical for monitoring and inspection as well as detection and measurement applications.

The Thermal scanners market for fixed devices accounted for the largest share of thermal scanners industry in 2019

In 2019, the fixed-type segment held the largest share of the thermal scanners market. The growth of this market is attributed to the increasing adoption of thermal scanners in industrial and commercial sectors. The recent outbreak of coronavirus in China and other parts of South East Asia have caused significant demand in fixed-mounted thermal scanners at airports and other crowded areas such as train stations, factories, and commercial buildings.

The Thermal scanners market for thermography expected to grow at the highest CAGR during the forecast period

The demand for thermography is mainly for monitoring and detection purpose which is likely to grow at the highest CAGR during the forecast period. The growth is attributed to the increasing adoption of thermal scanners in commercial and industrial sectors.

Thermal scanners are used as a maintenance tool for monitoring and inspection application in various buildings, historical monuments, and industrial equipment. Furthermore, thermal scanners are majorly in demand from these sectors to monitor the structural health of buildings and equipment. Also, these scanners find massive applications in mass screening of people to detect human temperatures. With the outbreak of coronavirus, it is expected that there would be higher adoption of thermal scanners at various airports across the globe.

Thermal scanners market in Aerospace & defense sector dominated market in 2019

In 2019, the aerospace & defense vertical dominated the thermal scanners industry. The dominance is due to the capability of thermal scanner products to work in all weather conditions irrespective of the time. Also, they are used for border surveillance, law enforcement, in ship collision avoidance and guidance systems, and structural health monitoring of aircraft. Moreover, they help soldiers in identifying, locating, and targeting the enemy forces.

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Thermal scanners market in North America held a major share of market in 2019

Maintenance operators use thermal scanners for monitoring and inspection of commercial and residential buildings. North America is home to numerous historical monuments, commercial as well as residential buildings, and different process and manufacturing industries. Owing to this, North America held the major share of the thermal scanners market in 2019.

Key Market Players

FLIR Systems, Inc. (US), Fluke Corporation (US), Leonardo S.p.A. (Italy), L3HARRIS TECHNOLOGIES, INC. (US), and Opgal (Israel), are a few major companies operating in the thermal scanners market.