Thermal Scanners Market

Thermal Scanners Market Growth Outlook

The thermal scanners market share is predicted to secure a CAGR of 8.3% from 2022 to 2032.

It is estimated that the global thermal scanners market net worth to reach nearly US$ 10.7 Billion by the end of the year 2032, increasing from US$ 4.5 Billion in 2021.

Infrared thermal scanners are non-invasive imaging devices which can create images by detecting the heat radiated from any object and then converting them into electrical signals.

Over the years, their usage has expanded in many fields, such as industrial plants, research laboratories, therapeutic treatment facilities, and even law enforcement agencies. Diversification and proliferation of such multiple uses have accelerated the sales of thermal scanners across several economies in the last couple of years.

Report Attributes	Details
Market Size in 2021	US$ 4.5 Billion
Market Size in 2022	US$ 4.8 Billion
Market Forecast Value by 2032	US$ 10.7 Billion
Growth Rate (2022-2032)	8.3%
Key Players	FLIR Systems Fluke Corp Leonardo L3HARRIES Technologies United Technologies Axis Communications BAE Systems Opgal Testo Xenics

Global Thermal Scanners Market Historical Analysis (2015-2021) Vs. Forecast Outlook (2022-2032)

The global thermal scanners market started witnessing an impressive growth trajectory in the previous decade. As per the global market study on thermal scanners for the years 2015 to 2021, the year-on-year growth rate was recorded to be nearly 8.9%.

A slight dip in the growth rate for the coming decade is interpolated from the Covid-19 economic slowdown that has impacted future thermal scanner market trends. It has also altered the key thermal scanner manufacturer marketing strategies to countermeasure the economic impacts of Covid-19.

Sales of some top segments that contributed to the thermal scanners market growth have also declined marginally, which has brought down the overall CAGR to 8.3%. However, despite the decrease in demand for thermal scanners for industrial purposes, their use in the healthcare sector up-scaled in those years, given the exigency of the Covid-19 pandemic.

Interestingly, a remarkable opportunity for thermal scanners market players emerged during the pandemic years with the implementation of guidelines to use thermal scanners for detecting infected individuals in public places without any contact. The prerequisite of improved security at residents and workplaces following the lessening of pandemic restrictions uplifted the thermal scanners adoption trends and revived the market.

What is the Future of Global Thermal Scanners Market given the Present Market Trends?

“The demand for electrical thermal scanners is anticipated to snowball during the forecast years with the expansion of public buildings and infrastructures.”

Some of the major factors driving the thermal scanners market key trends and opportunities include the rising need for mass screening in manufacturing industries as well as the transportation sector. In continuation of the recent advancements, IR thermal scanners are also integrated with vehicles to assist in driving and manoeuvring.

Thermal scanner machines are also inducted into the aerospace and defence sector, directed toward security and surveillance applications. In the wake of the ongoing arms race, development and procurement of defence resources have inflated with collaterally advantaging the thermal scanners market trends.

In healthcare institutions, the demand for thermal scanners has skyrocketed in the past few years, owing to their multiple applications, such as the detection of tumours, inflammation, or any type of peripheral nerve illness. IR thermal scanners have the great operational capability, allowing them to detect, record and produce a detailed analysis of epithelial temperature patterns and generate an image thereby.

The release of the automatic thermal scanner with a stand that can be used at various end-use verticals is regarded as a major breakthrough for this market domain. As the industry's demand for cost-effective devices to perform the non-destructive material testing is intensifying, the thermal scanners market analysis speculates some promising growth in the future years.

Another significant factor propelling the thermal scanners market size is the high return on investment or ROI value of the device over the traditional CCTV system. Due to less cost of installation along with the provision of professional surveillance thermal scanners market share is anticipated to build up further.

What are the Major Challenges Experienced by the Thermal Scanners Market Players?

As per the global market study on thermal scanners, the imposition of duties by various countries to secure internal markets has surfaced as a major constraint for its manufacturers. Availability of raw materials and technology is getting arduous in some regions, further challenging the thermal scanners market trends and forecasts for the market players located there.

The absence of suitable infrastructure to produce and use thermal scanning machines has limited the sales of thermal scanners in many third world countries. The dearth of sufficient manpower to operate the best thermal scanners is also observed to be a major challenge in these regions.

Lastly, thermal scanner prices have posed to be the main limiting factor against the wider use of such devices. The adoption of advanced technologies and new products with more features are expected to negate the price constraint and augment the thermal scanners adoption trends.

What is the Growth Outlook for the Thermal Scanners According to Different Segments?

“Integration of thermal scanners with RADAR and LIDAR equipment in airports and space stations has intensified for the purpose of long range detection and improving redundancy.”

As per the thermal scanner market demand analysis until 2019, the aerospace and defence sector was the largest contributing end users accounting for almost 21% of the total sales. Thermal scanners for water leakage, prevention of ship or submarine collisions, border surveillance and aircraft damage monitoring are some of the essential applications in this domain that is anticipated to keep it as the dominant end user for some more years ahead.

Increased supply of long-wave infrared thermal scanners in civil infrastructures, automotive industry and monitoring applications is a major development in recent years. This segment has enhanced the success of the thermal scanner business by creating more selling opportunities across numerous end users.

In comparison to mid-wave infrared, the LWIR thermal scanner can provide approximately 12.5 times faster imaging speed. However, with the release of dual-colour detector MWIR thermal scanner designs and HOT MWIR, this segment promises some better prospects for thermal scanner market growth over the forecasted years.

Region-wise Analysis

What is the Performance of Thermal Scanners Market in Different Geographical Regions?

North America is the leading region for the global thermal scanner market, acquiring about 40% of the total business. US contributes almost 80% of the revenue generated in the region, which is worth more than US$ 1.7 Billion as per the new market research report on thermal scanners for the year 2022.

The United States is also analysed to be the fastest-growing market for thermal scanners owing to its thriving military industry and the presence of most of the major thermal scanner market players in the country. With an impressive CAGR of 8.1%, the US thermal scanner market is expected to reach an astounding valuation of US$3.6 Billion by the year 2032.

During the thermal scanner market analysis period of 2022 to 2032, the Asia Pacific region is expected to experience its traditional pattern. Along with the several booming end-use industries, the thermal scanner market share of the Asia Pacific countries has progressed gradually and is expected to remain strong in the upcoming years as well.

China is the leading country in this region, with an overall market share of US$ 400 Million as of 2022. China's thermal scanner market is projected to witness a strong CAGR of 7.7% that can grow the market to reach a valuation of about US$ 700 Million by the end of the forecast period in 2032.

As per this thermal scanner market report, China is increasing its investment in aerospace and defence projects, that is expected to create some dramatic opportunities for the market players present in the region.

Category-wise Analysis

Which Type of Thermal Scanner is the Popular Segment for the Global Thermal Scanners Market?

With the increasing demand for thermal scanners in industrial setups and healthcare institutions that require continuous temperature monitoring, fixed type thermal scanners occupy a prominent position in the market. By 2019, this segment contributed to almost 64% of the total revenue generated and is set to grow at a rate of 8.2% over the projected period of 2022 to 2032.

In contrast to portable or handheld thermal scanners, fixed type thermal scanners are quite accurate and dependable, requiring less human intervention. In conjunction with the growing trend of equipping security gateways with 24x7 surveillance systems, this segment is poised to turn out into a major driving factor for the future thermal scanners market key trends and opportunities.

Which are the Major Applications of the Thermal Scanners that categorizes the Market into Different Segments?

Pertaining to the recent developments in the thermal scanner market, the high-temperature thermography segment is predicted to rise rapidly in the coming days. Utilization of this technique has increased manifold in semiconductor inspection, scientific spectroscopy and moisture detection that is anticipated to drive the sales of thermal scanners in the global market.

The thermography application segment is projected to amplify the thermal scanner market trends and forecast by recording a CAGR of 8.2% during the forecast period of 2022 to 2032. The use of electrical thermal scanners for security and surveillance or during search and rescue programs are also some of the reassuring segments for the market based on thermal scanner applications.

How Strong is the Competitive Landscape for the Thermal Scanners Market?

FLIR Systems, Fluke Corporation, Leonardo, L3HARRIES Technologies, United Technologies, Axis Communications, BAE Systems, Opgal, Testo, and Xenics are some of the prominent market players covered by the thermal scanners market report.

The growing demand for thermal scanners during the pre-pandemic years resulted in some businesses reaching triple-digit quarterly revenues by selling more units in a short span of time. Further, the epidemic served as a catalyst for accelerating the growing thermal scanner statistics and seized attractive expansion prospects for the global thermal scanners market players.

Several independent organizations are delivering demonstrations and evaluations to assist heat scanner manufacturers in establishing production units at new locations. Consequently, the emergence of numerous small and medium enterprises in the developing economies has rendered the thermal scanner market trends more competitive than before.

What are the Recent Developments in the Field of Thermal Scanners Market?

• A subsidiary of Testo SE & Co. KGaA of Germany by the name of Testo South Africa released the ‘Testo 883’ thermal imaging camera in July 2021. With an infrared resolution capacity of 320 x 240 pixels to 640 x 480 pixels this product is anticipated to strengthen the company’s profile in global thermal scanner market.
• FLIR Systems announced in January 2020 to release a Gas Find IR Camera by the name of ‘FLIR GF77a’. It is a fixed autonomous camera that can visualize the methane and other industrial gasses to prevent any type of leakage.
• Fluke also released a new ‘TiS60+’ thermal imaging camera in January 2020 for supplementing its thermal scanner market share. It has been designed with IR-fusion technology for the industrial engineers and maintenance personnel to aid in pinpointing the exact site of a problem.

Key Segments

• By Type :

  • Fixed
  • Portable

• By Application :

  • Thermography
  • Security & Surveillance
  • Search & Rescue
  • Other Applications

• By Technology :

  • Cooled
  • Uncooled

• By Wavelength :

  • Short-wave Infrared
  • Mid-wave Infrared
  • Long-wave Infrared

• By Vertical :

  • Industrial
  • Commercial
  • Aerospace & Defence
  • Automotive
  • Healthcare & Life Sciences
  • Oil & Gas
  • Other Verticals

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)