Huge Opportunity for Thermal Scanners Market in the Next Five Years


Posted July 13, 2020 by ctom7000

What are the emerging applications of thermal scanners products?

 
The global thermal scanners market size is estimated to grow from USD 4.1 billion in 2020to USD 6.2 billion by 2025at a CAGR of 8.6%. One of the factors fueling the growth of this market is the rising demand for thermal scanners at airports for the detection of coronavirus.

A thermal scanner is a device or a system used to detect temperature differences,also known as heat signatures in an environment or any object. Heat signature is defined as the amount of infrared energy emitted by an object as a function of its temperature. This heat signature is captured with the help of thermal cameras and modules. Based on the information obtained from these devices, an electronic image is produced. The produced image helps in monitoring and inspecting, as well as detecting and measuring defects pertaining to anobject.

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In 2020, the uncooled technology segment held the larger size of the thermal scanners market. The growth of the market for uncooled thermal scanners is attributed to the increasing demand forthesescanners for commercial applications. Due to the recent outbreak of coronavirus (COVID-19), it is expected that there would be significant adoption of uncooled thermal scanners, mainly at public places, which would further boost the overall market.

Based on wavelength, the long-wave infrared (LWIR) segment held the largest share of the thermal scanners market during the forecast period. Thermal scanning products operating in the LWIR band are high in demand from the aerospace & defense vertical for security and surveillance applications. Also, they have significantly penetrated various industries, such as commercial, automotive, healthcare and life sciences, and other industries.

Based on applications, the thermography segment held the largest share of the thermal scanners market during the forecast period. The growth in the market for thermography is attributed mainly to the adoption of thermal scanners for thermography applications such as inspection & quarantine. Thermal scanners have the ability to detect a slight change in the temperature ranges which gives the advantage to be used in mass screening applications to detect the change in human body temperatures. With the outbreak of Coronavirus, it is expected that there would be significant adoption of thermal scanners at public places such as airports, which would further spur the growth of the market.

Based on the vertical, the industrial vertical generates the highest demand for thermal scanners. It holds the largest share of the thermal scanners market, and it is expected to do so during the forecast period. The dominance is due to the capability of thermal scanners to work in all weather conditions irrespective of the time. Also, thermal scanners are used for scanning in various industrial applications such as oil &gas, automotive, and among others, where temperature monitoring and inspection is the most critical factor and used for minute temperature monitoring.

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North America accounted for the largest share of the thermal scanners market and is expected to do so during the forecast period. North America is home to the major producers of thermal scanning products. The growth of the market in this region is attributed to the presence of numerous manufacturers and distributors and increasing government expenditure in the aerospace & defense sector. There is a significant demand in various verticals such as industrial, commercial, and among others, which would further spur the demand for thermal scanners in the region.
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Issued By Tom
Country United Kingdom
Categories Electronics , Semiconductors
Tags thermal scanners market
Last Updated July 13, 2020