North America to Dominate Thermal Scanners Market until 2025

Rise in concerns related to growing coronavirus across the globe to drive the growth of global thermal scanners market

According to TechSci Research report, “Global Thermal Scanners Market By Type (Portable Vs Fixed), ByWavelength (LWIR, MWIR, SWIR), By Technology (Cooled Vs Uncooled), By Application (Thermography, Security & Surveillance, Search & Rescue, Others), By End User (Industrial, Commercial, Aerospace & Defence, Healthcare, Others), By Region, Forecast & Opportunities, 2025”, global thermal scanners market was valued at USD 3,516.25 Million in 2019 and is expected to grow at a significant CAGR of 8.27% during the forecast period. Growing expenditure in aerospace & defense sectors by the government across the globe is one of the major factors accounting for the growth of global thermal scanners market. Moreover, growing research and development investments by major companies is expected to bode well for the growth of global thermal scanners market through the forecast years. In addition to this, extensive use of thermal scanners at airports for mass screening, is positively influencing the growth of global thermal scanners market across the globe. Also, capital firms are striving to develop innovative thermal scanning solutions which is, thereby making headway for the growth of global thermal scanners market. Along with this, security and surveillance applications across the private and public environments, is anticipated to positively contribute to the market growth during the next 5 years. Furthermore, rapid screening of employee temperature in large factories is further expected to aid the market growth through 2025.

Browse 187 Figures spread through 110 Pages and an in-depth TOC on “ Global Thermal Scanners Market “

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Global thermal scanners market is segmented based on type, wavelength, technology, application, end user, company, and region. Considering the wavelength, the market is fragmented into LWIR (Long-Wave Infrared), MWIR (Med-Wave Infrared) and SWIR (Short-Wave Infrared). The long-wave infrared segment dominated the global thermal scanners market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well, which can be accredited to upsurge in demand for thermal scanners operating in LWIR wavelengths in numerous sectors including automotive, food & beverages, civil infrastructure, and medical for monitoring and inspection, detection and measurement applications, among others. In terms of application, the market is categorized into thermography, security & surveillance, search & rescue, others. Out of these, the thermography segment is forecast to grow at highest CAGR in the years to come, owing to increasing adoption of thermal scanners in commercial and industrial sectors. Based on end user, aerospace & defense vertical dominated the thermal scanners industry owing to the ability of thermal scanner products to work in all weather conditions irrespective of the time. Also, these scanners help soldiers in identifying, locating, and targeting the enemy forces, which is further expected to bolster the segment growth in the coming years.

FLIR Systems, Inc., Fortive Corporation (Fluke Corporation), Leonardo S.P.A., L3Harris Technologies Inc., Opgal Optronic Industries Ltd., Axis Communications AB, Optotherm, Inc., Seek Thermal Inc., Thermoteknix Systems LTD., 3M Company (3M Scott Fire & Safety), COX, HGH Systèmes Infrarouges SAS, Xenics NV, Infratec GmbH, AMETEK Land are among others are the leading players operating in global thermal scanners market. The leading players are adopting several growth strategies to enhance the market scenario of thermal scanners. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.

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“North America is forecast to dominate the global thermal scanners market during the next five years on account of presence of numerous historical monuments, commercial as well as residential buildings in this region, which house massive gatherings. Furthermore, expanding automotive sector is also contributing to the growing trend. Additionally, increase in mass production of the thermal scanners is further anticipated to boost the market growth in the region over the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Thermal Scanners Market By Type (Portable Vs Fixed), By Wavelength (LWIR, MWIR, SWIR), By Technology (Cooled Vs Uncooled), By Application (Thermography, Security & Surveillance, Search & Rescue, Others), By End User (Industrial, Commercial, Aerospace & Defence, Healthcare, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global thermal scanners market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global thermal scanners market.

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