An Incisive, In-depth Analysis on the Thermal Imager Market
This study offers a comprehensive, 360 degree analysis on the Thermal Imager market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Thermal Imager market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Thermal Scanner Market Outlook & Key Findings
- Future Market Insights (FMI) forecasts the thermal scanner market to grow at 10% CAGR between 2020 and 2030
- Use of thermal scanners as the first line of defense against COVID-19 in railways stations and airports remains a prime growth driver
- Retail is getting into action as behemoths and local stores alike take precautionary measures a notch higher, using thermal scanners to check temperatures of staffs as well as customers
- Application in military and defense sector will remain chief growth enabler of the market
- Fixed/ mounted thermal scanners remain at fore, constituting over three fourth of the global market as per FMI
Demand for Thermal Scanners will Surge as COVID-19 Continues to Wreak Havoc Worldwide
First introduced during SARS epidemic in 2003, the thermal imaging market is now a multi-billion dollar industry. FMI projects its valuation to reach US$ 3.8 Bn by the end of 2020.
The unprecedented rise in the cases of coronavirus has triggered rush for thermal scanners, compelling manufacturers to beef up their supply chain.
Factories and hospitals were partly responsible for the first wave of demand. Since then the demand has exponentially risen as private offices and governments amplified their precautions against the spread of COVID-19.
Using thermal scanners to infer body temperatures have become mandatory at workplaces, straining supplies while inviting more competition to the market.
In the last couple of months, the sales of handheld/ portable thermal scanners have surged considerably. With cases of COVID-19 crossing one grim milestone after another, FMI forecasts the segment to expand at above 10% over the forecast period.
As shopping centers and workplaces begin to reopen following initial few months of lockdown, governments are expected to mandate the use of thermal scanners. In response to this, the thermal scanners market will witness strong sales.
Applications in Thermography to Transform Global Landscape
Thermal scanners are primarily designed to detect heat signatures from various sources. These devices are now used in commercial as well as industrial places. As a result of the rising focus on health and safety, the overall demand for thermal scanners is poised to surge.
Conventionally, thermal scanners were designed to suit industrial and commercial applications though they are being extensively used in COVID-19 detection. Rising application in thermography presents lucrative opportunities, however, there is long way to go for the market.
At present, thermography applications account for the second largest share in the global thermal scanner market. The segment is anticipated to rise at above 11% backed by the increasing use in the medical industry.
Thermography uses an infrared camera or thermal scanner to detect blood flow and heat patterns in body tissues. The test is used to detect hypothermia, hyperthermia, fever and thermography applications.
Thermography also demonstrates compelling results in detecting diabetic foot caused due to vascular issues. Other applications of thermography include breast cancer, carcinoma, and skin case.
Effective research in thermography thus presents lucrative opportunities for thermal scanner manufacturers.
Demand for Thermal Scanners to Rise as Countries Flex their Military Muscle
FMI reveals that military and defense segment exhibits the highest application of thermal scanners. In 2020, the industry held dominant share in the overall thermal scanner market.
There is surging use of thermal scanners in security and surveillance, motion detection and rescue operations. A thermal scanner captures infrared radiation including electromagnetic spectrum. This technology is found in uncooled microbolometer, which makes it suitable mainly for military purposes.
The military aviation sector is one of the key end users of thermal scanners. The technology is used in automatic target detection and airborne surveillance systems of spy planes.
Rising instances of regional conflicts and increasing military power have pushed several countries to flex their muscle, creating demand for high tech thermal scanners.
Legal Issues May Restrict Growth
Thermal scanning devices have been available for sale online and at a relatively economic cost for some time now. Several advancements are underway to introduce better and improved versions of these devices.
For instance FLIR Systems, a company specializing in cameras, has plans of releasing a thermal camera and app for iPhone at price tag of less than US$ 350 this spring.
Technologies showing images of objects and highlighting various heat levels from them are easier to own and use. But this improved accessibility raises various legal complications.
Certain countries bar the usage of thermal imaging without a proper warrant. But technology evolves at a faster rate than changes in law and now thermal imaging technology is available at the tip of our fingers.
These legal complications raise concerns pertaining to the viability of general public use of thermal imaging and scanning. There is also a bigger issue of how much a government is allowed to electronically monitor its citizens.
These legal restrictions could curb growth prospects for the thermal scanner market unless given due consideration to.
Manufacturers are responding to the High Demand of Thermal Scanners through Innovations and Product Launches
The demand will skyrocket in response to manufacturing firms marketing their scanners as important tools to deploy against the spread of the virus. Brisk sales in the last few months have encouraged leading brands to focus on innovations.
High potential markets such as India and China are witnessing a spurt of new launches. In India Nuos Home Automation was swift to jump into the bandwagon and launch touch less thermal scanner for workplaces.
Meanwhile thermal imaging wearable are launched in China and are soon to be deployed in the U.S. As the spread of COVID-19 goes rampant around the world many tech start-ups are coming up with new solutions to address it.
For instance, Hangzhou based AI start up called Rokid is currently in talks with several companies across America to sell its T1 glasses. Just like Rokid, there is a wave of Chinese and Indian companies creating technologies to address novel coronavirus.
Established companies as well have reported higher demand. FLIR for instance has reported to witness “exponential increase in demand,” which has compelled the company to prioritize consignments for hospitals and medical facilities.
In the U.K. several tech companies have reported threefold increase in sales of thermal cameras. Manufacturers are therefore adopting a more tiered approach to respond to the demand uptick witnessed in the last few months.
Sales Continue to Rise in the East Even as North America Remains Dominant
Countries witnessing a higher incidence of COVID-19 are at the forefront of the thermal scanners market. Currently high demand is reported in both North America and Europe. Of these, North America is dominant and FMI forecasts it to account for nearly 28% of the global market by the end of 2020.
The unbridled rise of COVID-19 cases has made the U.S. a hotspot for thermal scanner sales. In the east, Japan, India and China will continue exhibiting high demand. As sales of thermal scanners explode in China, FMI forecasts the country to exhibit a higher CAGR in the near future.
It is interesting to note that there is a certain level of similarly with regards to the demand witnessed across key regional markets.
There is little difference in the demand witnessed for thermal scanners in terms of their wavelength between countries. This is also elucidated in the chart below.
As per FMI, in the key regional markets, which include North America, Europe, Latin America, East Asia, South Asia, and the Middle East and Africa, the demand for short-wave infrared thermal scanners is higher.
Thermal Scanner Market Leading Suppliers
The thermal scanner market is primarily business-centric. Companies operating in the market are therefore driven by industrial & commercial activities. FMI profiles some of the leading companies operating across key regional segments. These include:
- FLIR Systems, Inc.
- Fluke Corporation
- L3Harris Technologies, Inc.
- Optotherm, Inc.
- 3M Scott, US
- Tonbo Imaging, Inc.
- Leonardo S.p.A.
- Thermoteknix Systems Ltd.
- HGH Systemes Infrarouges SAS
- Nippon Avionics Co.,Ltd.
- Guangzhou SAT Infrared Technology Co., Ltd.
- OMEGA Engineering Inc.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Thermal Scanners Market: The Way Forward
A lot is going to change post lockdown. People will have to get used to ubiquitous scans at workplaces and elsewhere. Fortunately, these scans will be less intrusive thanks to improvements in technologies.
As private companies and corporate offices itch to reopen, leaders are scrambling to install latest screening technologies and digital trackers that would flag potential risk of the virus spread.
There is demand for a wide range of products from standard thermometer guns to more sophisticated heat-detection cameras, some of which are complemented with facial recognition software.
Future Market Insights expects that temperature scanning systems will become a staple of public life. In the next few weeks, thermal scanners and imaging cameras will be deployed not only across airports and workplaces, but in schools, housing complexes and any other place of public gatherings.
However, some health experts fret that the ongoing crisis has shoved open doors for unproven techniques of surveillance, which may pose own risk as millions head back to work.
Thermal Scanner Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the thermal scanner market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
The global thermal scanner market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Price Range
Chapter 01 - Executive Summary
The executive summary of the thermal scanner market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global thermal scanner market.
Chapter 02 – Market Overview
Readers can find the detailed segmentation and definition of the thermal scanner market in this chapter, which will help them understand basic information about the thermal scanner market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the thermal scanner market report.
Chapter 03 – Key Market Trends
The report provides key market trends that are expected to impact market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations.
Chapter 04 - Impact of COVID-19 on the Market
This section provides an in-depth analysis on the impact of COVID-19 outbreak on global economy and its related effect across various countries. Readers can also find information on the impact of the pandemic on various sectors such as manufacturing and supply chain across the globe.
Chapter 05 - Impact of COVID-19 on Thermal Scanner Market
The impact of the COVID-19 outbreak on the thermal scanner market is explained in this chapter. It also includes sales projection for the thermal scanner market during and after the crisis.
Chapter 06 – Global Thermal Scanner Market Demand Analysis 2015-2019 and Forecast, 2020-2030
This section provides detailed analysis of the historical thermal scanner market volume, along with an opportunity analysis of the future. Readers can also find the incremental opportunity for the current year (2020 – 2021) and an absolute opportunity for the forecast period (2020–2030).
Chapter 07 – Global Thermal Scanner Market Pricing Analysis
This chapter highlights the pricing analysis based on product type for base year 2019 and forecast year 2030. In addition, profit margins at each level of the thermal scanner market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
Chapter 08 – Global Thermal Scanner Market Demand (in Value or Size in US$ Mn) Analysis and Forecast 2015-2030
This chapter includes detailed analysis of the historical thermal scanner market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the incremental opportunity for the current year (2020 – 2021) and absolute $ opportunity for the forecast period (2020–2030).This chapter provides details about the global thermal scanner market on the basis of product type, technology, application, wavelength, price range, and region. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the thermal scanner market is anticipated to grow across North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Africa.
Chapter 09 – Market Background
The associated industry assessment of the global thermal scanner market is carried out in this section. In addition, this chapter explains key macroeconomic factors that are expected to influence the growth of the global thermal scanner market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the market. It offers provides key market dynamics of the thermal scanner market, which include drivers, restraints, and trends. Moreover, it will help readers understand key trends followed by leading manufacturers in the thermal scanner market.
Chapter 10 – Global Thermal Scanner Market Analysis 2015-2019 and Forecast 2020-2030, by Product Type
Based on product type, the thermal scanner market is segmented into interdental fixed/ mounted, and handheld/ portable. In this chapter, readers can find market attractiveness analysis, based on product types.
Chapter 11 – Global Thermal Scanner Market Analysis 2015-2019 and Forecast 2020-2030, by Technology
This chapter provides details about the thermal scanner market on the basis of technology such cooled and uncooled, along with market attractiveness analysis.
Chapter 12 – Global Thermal Scanner Market Analysis 2015-2019 and Forecast 2020-2030, by Application
Based on application, the thermal scanner market is segmented into thermography, surveillance, firefighting, personal vision system, ruggedized smartphone, military, and others. In this chapter, readers can find market attractiveness analysis, based on application.
Chapter 13 – Global Thermal Scanner Market Analysis 2015-2019 and Forecast 2020-2030, by Wavelength
Based on wavelength, the thermal scanner market is segmented into long-wave infrared (LWIR), mid-wave infrared (MWIR), short-wave infrared (SWIR). In this chapter, readers can find market attractiveness analysis, based on sales channel.
Chapter 14 – Global Thermal Scanner Market Analysis 2015-2019 and Forecast 2020-2030, by Price Range
This chapter provides details about the thermal scanner market on the basis of price range such high/ premium, and mass/economy, along with market attractiveness analysis.
Chapter 15 – Global Thermal Scanner Market Analysis 2015–2019 and Opportunity Assessment 2020-2030 by Region
This chapter explains how the thermal scanner market will grow across various geographic regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa (MEA).
Chapter 16 – North America Thermal Scanner Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the thermal scanner market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, opportunities, and market growth based on product type, age group, price range, sales channel, and countries in the North America region.
Chapter 17 – Latin America Thermal Scanner Market Analysis 2015-2019 & Forecast 2020-2030
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the thermal scanner market in the Latin America region. This chapter also includes growth prospects of the thermal scanner market in leading LATAM countries such as Brazil, Mexico, Argentina, and Rest of Latin America.
Chapter 18 –Europe Thermal Scanner Market Analysis 2015-2019 & Forecast 2020-2030
Important growth prospects of the thermal scanner market based on its end user in several countries such as Germany, Spain, France, United Kingdom, Italy, Russia, BENELUX, and Rest of Europe are included in this chapter.
Chapter 19 – South Asia Thermal Scanner Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the thermal scanner market in the South Asia region, along with a country-wise assessment that includes, India, Thailand, and Indonesia. Readers can also find regional trends, restraints, and market growth of countries in the South Asia region.
Chapter 20 – East Asia Thermal Scanner Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the thermal scanner market in East Asia region including the important growth prospects of the thermal scanner in several countries such as China, Japan, and South Korea are included in this chapter.
Chapter 21 – Oceania Thermal Scanner Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the thermal scanner market in the Oceania region, along with a country-wise assessment that includes, Australia & New Zealand. Readers can also find regional trends, restraints, and market growth of countries in the Oceania region.
Chapter 22 – Middle East and Africa Thermal Scanner Market Analysis 2015-2019 & Forecast 2020-2030
This chapter offers insights into how the thermal scanner market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, Northern Africa, and the Rest of MEA, during the forecast period 2020-2030.
Chapter 23 – Market Structure Analysis
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the thermal scanner market along with their market presence analysis by region and product portfolio.
Chapter 24 – Competition Deep-Dive Analysis
In this chapter, readers can find a comprehensive list of leading manufacturers in the thermal scanner market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Fluke Corporation, Leonardo S.p.A, Optotherm, Inc., Seek Thermal, Testo SE & Co. KGaA, L3HARRIS TECHNOLOGIES, INC., Thermoteknix Systems Ltd., 3M (3M Scott), FLIR Systems, Inc., Axis Communications AB, VUMII Imaging, C-THERMAL, HGH Infrared Systems, Tonbo Imaging, TERABEE, Xenics, Infratec GmbH, AMETEK Land, and among others.
Chapter 25 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the thermal scanner report.
Chapter 26 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the thermal scanner market.
Sources and Primary Research Splits (%)