North America to Dominate Thermal Scanners Market until 2025
According
to TechSci Research report, “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”, 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.
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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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