Infrared Thermometer Market Dynamics and Analysis by 2031
The Infrared Thermometer Market is expected to register a CAGR of 9.2% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is divided into two sections: Product Type (Contact Thermometers, Non-contact Thermometers) and End User Industry (Electronics, Food and Beverage, Healthcare). The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Infrared Thermometer Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Infrared Thermometer Market Segmentation
Product Type- Contact Thermometers
- Non-contact Thermometers
- Electronics
- Food and Beverage
- Healthcare
Strategic Insights
Infrared Thermometer Market Growth Drivers- Rising demand in healthcare: Infrared thermometers are widely used for non-contact temperature screening in hospitals, clinics, and public spaces, especially crucial during pandemics like COVID-19.
- Industrial applications: These devices are essential for temperature monitoring in various industries, including manufacturing, food processing, and quality control, ensuring efficient and safe operations.
- Advancements in technology: Continuous advancements in sensor technology, miniaturization, and improved accuracy drive market growth, making infrared thermometers more reliable and user-friendly.
- Integration with IoT: Infrared thermometers are increasingly being integrated with IoT platforms, enabling real-time data collection, analysis, and remote monitoring for predictive maintenance and improved decision-making.
- Artificial intelligence (AI) and machine learning (ML) integration: AI and ML algorithms can be used to enhance the accuracy and reliability of temperature readings, detect anomalies, and provide more insightful data analysis.
- Miniaturization and wearable devices: The trend towards smaller and more portable devices, including wearable options, will expand the applications and user-friendliness of infrared thermometers.
- Emerging markets: Expanding market penetration in developing countries with growing healthcare infrastructure and industrial sectors presents significant opportunities for market growth.
- New applications: Exploring new applications in areas such as environmental monitoring, agriculture, and security surveillance can open up new market segments.
- Customization and personalization: Offering customized solutions and personalized experiences based on specific user needs and preferences will be crucial for gaining a competitive advantage.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Infrared Thermometer Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Infrared Thermometer Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players of the market are: American Diagnostic Corporation, CONTEC MEDICAL SYSTEMS CO.,LTD., Electronic Temperature Instruments Ltd, Geratherm Medical AG, Microlife Corporation, Omron Healthcare Co., PAUL HARTMANN AG, PCE Instruments, THERMOMEDICS, INC., Welch Allyn
The future trends of the Infrared Thermometer Market are: Integration with IoT, AI and ML integration and Miniaturization and wearable devices
Infrared Thermometer Market is expected to grow at a CAGR of 9.2% between 2023-2031
The driving factors impacting the Infrared Thermometer Market are: Rising demand in healthcare, Industrial applications and Advancements in technology
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Infrared Thermometer Market - By Product Type
1.3.2 Infrared Thermometer Market - By End User Industry
1.3.3 Infrared Thermometer Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INFRARED THERMOMETER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INFRARED THERMOMETER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. INFRARED THERMOMETER MARKET - GLOBAL MARKET ANALYSIS
6.1. INFRARED THERMOMETER - GLOBAL MARKET OVERVIEW
6.2. INFRARED THERMOMETER - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. INFRARED THERMOMETER MARKET - REVENUE AND FORECASTS TO 2027 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CONTACT THERMOMETERS
7.3.1. Overview
7.3.2. Contact Thermometers Market Forecast and Analysis
7.4. NON-CONTACT THERMOMETERS
7.4.1. Overview
7.4.2. Non-contact Thermometers Market Forecast and Analysis
8. INFRARED THERMOMETER MARKET - REVENUE AND FORECASTS TO 2027 - END USER INDUSTRY
8.1. OVERVIEW
8.2. END USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONICS
8.3.1. Overview
8.3.2. Electronics Market Forecast and Analysis
8.4. FOOD AND BEVERAGE
8.4.1. Overview
8.4.2. Food and Beverage Market Forecast and Analysis
8.5. HEALTHCARE
8.5.1. Overview
8.5.2. Healthcare Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. INFRARED THERMOMETER MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Infrared Thermometer Market Overview
9.1.2 North America Infrared Thermometer Market Forecasts and Analysis
9.1.3 North America Infrared Thermometer Market Forecasts and Analysis - By Product Type
9.1.4 North America Infrared Thermometer Market Forecasts and Analysis - By End User Industry
9.1.5 North America Infrared Thermometer Market Forecasts and Analysis - By Countries
9.1.5.1 United States Infrared Thermometer Market
9.1.5.1.1 United States Infrared Thermometer Market by Product Type
9.1.5.1.2 United States Infrared Thermometer Market by End User Industry
9.1.5.2 Canada Infrared Thermometer Market
9.1.5.2.1 Canada Infrared Thermometer Market by Product Type
9.1.5.2.2 Canada Infrared Thermometer Market by End User Industry
9.1.5.3 Mexico Infrared Thermometer Market
9.1.5.3.1 Mexico Infrared Thermometer Market by Product Type
9.1.5.3.2 Mexico Infrared Thermometer Market by End User Industry
9.2. EUROPE
9.2.1 Europe Infrared Thermometer Market Overview
9.2.2 Europe Infrared Thermometer Market Forecasts and Analysis
9.2.3 Europe Infrared Thermometer Market Forecasts and Analysis - By Product Type
9.2.4 Europe Infrared Thermometer Market Forecasts and Analysis - By End User Industry
9.2.5 Europe Infrared Thermometer Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Infrared Thermometer Market
9.2.5.1.1 Germany Infrared Thermometer Market by Product Type
9.2.5.1.2 Germany Infrared Thermometer Market by End User Industry
9.2.5.2 France Infrared Thermometer Market
9.2.5.2.1 France Infrared Thermometer Market by Product Type
9.2.5.2.2 France Infrared Thermometer Market by End User Industry
9.2.5.3 Italy Infrared Thermometer Market
9.2.5.3.1 Italy Infrared Thermometer Market by Product Type
9.2.5.3.2 Italy Infrared Thermometer Market by End User Industry
9.2.5.4 United Kingdom Infrared Thermometer Market
9.2.5.4.1 United Kingdom Infrared Thermometer Market by Product Type
9.2.5.4.2 United Kingdom Infrared Thermometer Market by End User Industry
9.2.5.5 Russia Infrared Thermometer Market
9.2.5.5.1 Russia Infrared Thermometer Market by Product Type
9.2.5.5.2 Russia Infrared Thermometer Market by End User Industry
9.2.5.6 Rest of Europe Infrared Thermometer Market
9.2.5.6.1 Rest of Europe Infrared Thermometer Market by Product Type
9.2.5.6.2 Rest of Europe Infrared Thermometer Market by End User Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Infrared Thermometer Market Overview
9.3.2 Asia-Pacific Infrared Thermometer Market Forecasts and Analysis
9.3.3 Asia-Pacific Infrared Thermometer Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Infrared Thermometer Market Forecasts and Analysis - By End User Industry
9.3.5 Asia-Pacific Infrared Thermometer Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Infrared Thermometer Market
9.3.5.1.1 Australia Infrared Thermometer Market by Product Type
9.3.5.1.2 Australia Infrared Thermometer Market by End User Industry
9.3.5.2 China Infrared Thermometer Market
9.3.5.2.1 China Infrared Thermometer Market by Product Type
9.3.5.2.2 China Infrared Thermometer Market by End User Industry
9.3.5.3 India Infrared Thermometer Market
9.3.5.3.1 India Infrared Thermometer Market by Product Type
9.3.5.3.2 India Infrared Thermometer Market by End User Industry
9.3.5.4 Japan Infrared Thermometer Market
9.3.5.4.1 Japan Infrared Thermometer Market by Product Type
9.3.5.4.2 Japan Infrared Thermometer Market by End User Industry
9.3.5.5 South Korea Infrared Thermometer Market
9.3.5.5.1 South Korea Infrared Thermometer Market by Product Type
9.3.5.5.2 South Korea Infrared Thermometer Market by End User Industry
9.3.5.6 Rest of Asia-Pacific Infrared Thermometer Market
9.3.5.6.1 Rest of Asia-Pacific Infrared Thermometer Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Infrared Thermometer Market by End User Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Infrared Thermometer Market Overview
9.4.2 Middle East and Africa Infrared Thermometer Market Forecasts and Analysis
9.4.3 Middle East and Africa Infrared Thermometer Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Infrared Thermometer Market Forecasts and Analysis - By End User Industry
9.4.5 Middle East and Africa Infrared Thermometer Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Infrared Thermometer Market
9.4.5.1.1 South Africa Infrared Thermometer Market by Product Type
9.4.5.1.2 South Africa Infrared Thermometer Market by End User Industry
9.4.5.2 Saudi Arabia Infrared Thermometer Market
9.4.5.2.1 Saudi Arabia Infrared Thermometer Market by Product Type
9.4.5.2.2 Saudi Arabia Infrared Thermometer Market by End User Industry
9.4.5.3 U.A.E Infrared Thermometer Market
9.4.5.3.1 U.A.E Infrared Thermometer Market by Product Type
9.4.5.3.2 U.A.E Infrared Thermometer Market by End User Industry
9.4.5.4 Rest of Middle East and Africa Infrared Thermometer Market
9.4.5.4.1 Rest of Middle East and Africa Infrared Thermometer Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Infrared Thermometer Market by End User Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Infrared Thermometer Market Overview
9.5.2 South and Central America Infrared Thermometer Market Forecasts and Analysis
9.5.3 South and Central America Infrared Thermometer Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Infrared Thermometer Market Forecasts and Analysis - By End User Industry
9.5.5 South and Central America Infrared Thermometer Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Infrared Thermometer Market
9.5.5.1.1 Brazil Infrared Thermometer Market by Product Type
9.5.5.1.2 Brazil Infrared Thermometer Market by End User Industry
9.5.5.2 Argentina Infrared Thermometer Market
9.5.5.2.1 Argentina Infrared Thermometer Market by Product Type
9.5.5.2.2 Argentina Infrared Thermometer Market by End User Industry
9.5.5.3 Rest of South and Central America Infrared Thermometer Market
9.5.5.3.1 Rest of South and Central America Infrared Thermometer Market by Product Type
9.5.5.3.2 Rest of South and Central America Infrared Thermometer Market by End User Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. INFRARED THERMOMETER MARKET, KEY COMPANY PROFILES
11.1. AMERICAN DIAGNOSTIC CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CONTEC MEDICAL SYSTEMS CO.,LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ELECTRONIC TEMPERATURE INSTRUMENTS LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GERATHERM MEDICAL AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MICROLIFE CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OMRON HEALTHCARE CO.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. THERMOVAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PCE DEUTSCHLAND GMBH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THERMOMEDICS, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WELCH ALLYN
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.American Diagnostic Corporation
2.CONTEC MEDICAL SYSTEMS CO.,LTD.
3.Electronic Temperature Instruments Ltd
4.Geratherm Medical AG
5.Microlife Corporation
6.Omron Healthcare Co.
7.Thermoval
8.PCE Deutschland GmbH
9.THERMOMEDICS, INC.
10.Welch Allyn
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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