The Thermal Scanners Market was valued at $4.1 Billion in 2018 and is forecast to grow at a modest 5.2 % CAGR between 2018 and 2025, culminating in 2026 global sales of $7.1 Billion.
Industry at a Glance.
The Thermal Scanner is an infrared imaging system that is designed to perform contact wire thermal imaging. The system can be combined with a Catenary Video Observation System that captures high-speed and high-resolution images of catenary color and integrates them with the device user interface thermal images.
Furthermore, the growing demand for additional advanced safety solutions and rapid urbanization all over the world is expected to thrust the market demand in the coming future.
Also, rising demand for mass screening thermal scanners at airports, increasing government investments in the aerospace and defense industries, extensive research and development expenditure by businesses, governments and capital firms in the production of advanced thermal scanning technologies, and an increase in the use of thermal scanners in the automotive industry.
A new type of coronavirus infection has recently occurred in Wuhan, Hubei, and many other regions. The developed mobile infrared thermal imaging screening systems can instantly screen for high fevers that may be caused by influenza and pneumonia in crowded areas. Its main features include non-contact quick body temperature screening, large area detection, long-distance, smart alarm, high-temperature measurement accuracy, fast response, infrared, and visible image overlay measurement analysis.
“Optimal Price Point (OPP) for Global Thermal Scanners”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP, and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Thermal Scanners are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Thermal Scanners Market by “Key Type”
We have segmented the Global Thermal Scanners-based on Key Type as Handheld and Fixed.
We have observed the rapid growth of Thermal Scanners followed by Fixed Thermal Scanner segment has the largest market share of 62.9% in 2018 and is expected to propel the market growth over the forecast period. This segment demanded in steel, industry, and ceramic industry due to its adaptable, accurate, and reliable scanning result.
We also noticed the Handheld segment anticipated to drive the market with a CAGR of 4.8% from 2018 to 2026. High demand for the commercial sectors such as community places, airports, metro stations, factories, and commercial buildings owing to pandemic disease such as COVID-19 outbreak.
Global Thermal Scanners Market by “Wavelength Categories”
We have segmented the Global Thermal Scanners-based on Wavelength categories as LWIR, MWIR, and SWIR.
We have observed the rapid growth of Thermal Scanners followed by the Long-Wave Infrared (LWIR) segment with a CAGR of x.8% and is expected to propel the market growth over the forecast period. It is consisting of numerous advantages such as low power, weight, and size as well as it can detect the objects independent of ambient lighting. this scanner provides with 12.6 times faster snapshot speeds as compared to this scanner in mid-wave infrared.
We also noticed the Mid-Wave Infrared (MWIR) segment anticipated to drive the market with a CAGR of x.3% from 2018 to 2026.
Global Thermal Scanners Market by “End-Use Categories”
We have segmented the Global Thermal Scanners-based on End-Use Categories as Industrial, Aerospace & Defense, Automotive, Oil & Gas, and Commercial
We have observed the rapid growth of Thermal Scanners followed by the Commercial segment has the largest market share in 2018 and is estimated to grow during the prediction period. Basically, to increasing emphasis on Thermography in airports, restaurants, hotels, and malls among the global epidemic of COVID-19, which is resulting in swelling demand for this scanner for commercial uses, contributing to the growth rate witnessed by this segment.
We also noticed the Aerospace & Defense segment anticipated to drive the market with a CAGR of x.8% from 2018 to 2026
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Thermal Scanners followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is augmented to create a noteworthy CAGR in the coming future. China used this factor to the epidemic in China has resulted in the exponential demand for thermal scanners convincing companies towards mass production.
The North America region led the market and accounted for the largest market share of 42.1% in terms of developing market and End-use industries, in the global market. Owing to the presence of lucrative automotive, increasing demand in a commercial applications, healthcare, and industrial & manufacturing verticals in the region.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are FLIR Systems, Inc., Fortive Corporation, Leonardo SpA, L3Harris Technologies, Inc., Canon, Inc., Axis Communications AB), 3M Company, Ametek, Inc, Thermoteknix Systems Ltd., Seek Thermal, Inc., and Optotherm, Inc. are few major players in Global Thermal Scanners markets. The Global Thermal Scanners market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Global Thermal Scanners Market by Key Type (Revenue, Million, 2018 – 2026)
Global Thermal Scanners Market by Wavelength categories (Revenue, Million, 2018 – 2026)
Global Thermal Scanners Market by End-use Categories (Revenue, Million, 2018 – 2026)
- Aerospace & Defense
- Oil & Gas
Global Thermal Scanners Market Regional Outlook (Revenue, USD Million, 2018-2026)
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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