Thermal Scanners Market Opportunities And Key Insights

1. Thermal Scanners Market Size, Growth, Industry Analysis By Forecast 2027 Report Code: TIPTE100001020 | No. of Pages: 150 | Category: Electronics and Semiconductor www.theinsightpartners.com

2. Thermal Scanners Thermal Scanners The thermal scanner market was valued at US$ 3925.11 million in 2019 and it is projected to reach US$ 7625.69 million by 2027; it is expected to grow at a CAGR of 8.9% from 2020 to 2027. Increasing demand for thermal scanners at airports for mass screening, increasing government spending in the aerospace and defence sectors, increasing 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 are key factors contributing to this market growth. In addition to increasing demand for additional advanced security solutions, the rapid urbanization of the entire globe would lead to the robust growth of the thermal scanners market industry around the world. Infrared heat scanner detects passively absorbed infrared radiation from objects that are more concealed than other active imaging systems that are supplied with the light. w w w . t h e i n s i g h t p a r t n e r s . c o m | 2

3. MARKET SEGMENTATION MARKET MARKET SEGMENTATION SEGMENTATION Thermal Scanner Market – by Type Handheld Fixed Thermal Scanner Market – by Wavelength Short-Wave Infrared Mid-Wave Infrared Longwave Infrared Thermal Scanner Market – by End-Use Industrial Aerospace and Defense Automotive Oil and Gas Others w w w . t h e i n s i g h t p a r t n e r s . c o m | 3

4. REGIONAL INSIGHTS The use of thermal scanners across public sites has increased amid the COVID-19 pandemic. The sudden rise in need has created an imbalance between demand and supply, which has led the manufacturers to mass produce these devices, however, the devices are being offered at greater prices. Moreover, to monitor and manage the pandemic, hospitals worldwide have implemented artificial intelligence (AI) to support medical professionals and treat infected patients. AI- powered solutions such as camera-embedded facial scanners screen hospital visitors and analyze facial attributes, and process the thermal scans to determine if they have fever. Key players such as FLIR Systems, Inc. and Seek Thermal Inc. are shifting their focus from industrial to commercial thermal scanning devices that prioritize hospitals and medical applications. Governments in several regions also have compelled these devices to be used in residential and commercial complexes. Such increasing demand is expected to boost the market growth in the coming years rapidly. North America is one of the most important regions for the adoption and growth of new technologies owing to the existence of favorable government policies to boost innovation and presence of huge industrial base. Hence, any discontinuation in the growth of industries is expected to limit the economic growth of the region. Presently, the US is the world’s worst affected country due to COVID-19 outbreak, with more than 3.8 million confirmed cases and more than 141,000 deaths as of July 23, 2020. w w w . t h e i n s i g h t p a r t n e r s . c o m | 4

5. REGIONAL INSIGHTS NORTH AMERICA EUROPE U.S. FRANCE CANADA GERMANY MEXICO UK SPAIN ITALY RoE MIDDLE EAST & AFRICA (MEA) SOUTH AMERICA (SAM) BRAZIL SAUDI ARABIA REST OF SAM SOUTH AFRICA UAE REST OF MEA ASIA PACIFIC (APAC) AUSTRALIA INDIA CHINA JAPAN REST OF APAC w w w . t h e i n s i g h t p a r t n e r s . c o m | 5

6. Key Key findings of the study: findings of the study: However, these thermal scanners, which were initially designed for industrial use to test the temperature of large machines, cannot accurately detect proper temperatures unless they are recalibrated for mediation. BlueSemi R&D Pvt Ltd., a deep-tech startup based in Hyderabad, India, has developed the world’s first contactless, wireless thermal scanning device that accurately measures the exact temperature of individuals and records data without the need of any manual intervention. Designed for medical use, the thermal sensor and imager of BlueSemi (also known as Neem), is capable of quickly detecting, recording, and transmitting the temperature data without requiring any physical contact with operators. FLIR Systems, Inc.; AMETEK Inc.; Robert Bosch GmbH; 3M; and Leonardo are among the key players profiled during this market study. In addition, several other essential market players were also studied and analyzed to get a holistic view of the market. w w w . t h e i n s i g h t p a r t n e r s . c o m | 6

7. REPORT HIGHLIGHTS Our report on Accounting Software Market cover following key parameters:  Comprehensive market analysis at global, regional and country level  Detailed PEST (Political, Economic, Social and Technological) factors impacting the market across key geographic regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America  Market dynamics (drivers, restraints, opportunities, and future trends) and impact analysis of drivers and restraints at short-term, mid-term and long-term  Market size and forecasts in terms of revenue; 2018 (historic), 2019 (base year), 2019 – 27 (forecast period)  In-depth market segmentation and deep dive regional and country level analysis of 18+ countries across 5 key regions  Key company profiles and industry landscape to provide latest market initiatives and competitive landscape  Impact of COVID`19 pandemic on ecosystem and the market w w w . t h e i n s i g h t p a r t n e r s . c o m | 7

8. REPORT HIGHLIGHTS The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. w w w . t h e i n s i g h t p a r t n e r s . c o m | 8

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