Thermal Scanners Market Forecast and Growth 2031

The thermal scanners market size is projected to reach US$ 10.73 billion by 2031 from US$ 5.36 billion in 2023. The market is expected to register a CAGR of 9.1% in 2023–2031. The rising demand for high-end automobiles is likely to remain a key thermal scanners market trend.

Thermal Scanners Market Analysis

The thermal scanners market is growing at a rapid pace due to the increasing demand for thermal scanners in commercial and healthcare sectors and increasing investment in research & development for developing innovative thermal scanners. The market is expanding steadily, driven by the growing installation in various public places including airports, hospitals, and others for detection purposes. Moreover, expanding thermography applications, technological advancements, and integration of artificial intelligence & facial recognition technologies are providing lucrative opportunities for market growth.

Thermal Scanners Market Overview

Infrared thermal scanners are non-invasive imaging instruments that detect heat generated by any object and transform it into electrical signals. Their applications have grown throughout time in a variety of settings, including industrial operations, therapeutic treatment centers, research laboratories, and police enforcement, among others. The diversification and growth of many applications have increased thermal scanner sales across several economies in recent years.

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Thermal Scanners Market: Strategic Insights

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Thermal Scanners Market Drivers and Opportunities

Increasing Demand for Thermal Scanners in Commercial and Healthcare Sectors is Driving the Market

Thermal scanners are highly in demand in the commercial and healthcare sectors for security and surveillance applications. The growing need for security and surveillance applications associated with the high need for greater security among employees and residents is driving the market. Thermal scanners offer a high return on investment (ROI) to the users owing to their low-cost availability as compared to CCTV systems. The total installation costs of a thermal camera-based security system are far lower than that of a CCTV system, which increases its adoption in the commercial and healthcare sectors. However, increasing investment in infrastructure systems by commercial and healthcare sectors, combined with the requirement for professional surveillance, is expected to drive the market.

Expanding Thermography Applications – An Opportunity in the Thermal Scanners Market

Thermography is highly used in the medical industry for monitoring blood pressure, cardiac surgery, diagnosis of liver diseases, and detecting breast cancer, among others. The thermography application uses an infrared camera deployed in a thermal scanner to helps in detecting blood flow and heat patterns in bodily tissues. Moreover, growing spending from the medical industry and increasing research & development activities towards the development of advanced thermal scanners are generating significant growth opportunities for the market during the forecast period.

Thermal Scanners Market Report Segmentation Analysis

Key segments that contributed to the derivation of the thermal scanners market analysis are type, wavelength, and end use.

• Based on type, the thermal scanners market is divided handheld and fixed. The fixed segment held a larger market share in 2023.
• On the basis of wavelength, the thermal scanners market is divided into short-wave infrared, mid-wave infrared, and longwave infrared. The longwave infrared segment held a larger market share in 2023.
• In terms of end use, the market is categorized as industrial, aerospace and defense, automotive, oil and gas, and others. The aerospace and defense segment held a larger market share in 2023.

Thermal Scanners Market Share Analysis by Geography

The geographic scope of the thermal scanners market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. In terms of revenue, North America accounted for the largest thermal scanners market share, due to expanding aerospace and defense industry.

The market in Asia Pacific is anticipated to expand in the near future, attributed to many vendors providing low-cost solutions, which increases demand for thermal scanners among end users. Increasing investment and expanding numerous industries, including Industrial, aerospace and defense, automotive, oil and gas, and others, are creating opportunities in the market. These industries are highly adopting thermal scanners for surveillance purposes, which prompts mass production. Thus boosting the market during the forecast period.

Thermal Scanners Market Regional Insights

The regional trends and factors influencing the Thermal Scanners Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Thermal Scanners Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Thermal Scanners Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Thermal Scanners Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Thermal Scanners Market are:

1. FLIR Systems, Inc.
2. AMETEK Inc.
3. Robert Bosch GmbH
4. 3M
5. Leonardo
6. Electro Optical Industries

Disclaimer: The companies listed above are not ranked in any particular order.

Thermal Scanners Market News and Recent Developments

The thermal scanners market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for thermal scanners and strategies:

• In January 2024, Valeo and Teledyne FLIR will deliver the first Automotive Safety Integrity Level (ASIL) B thermal imaging technology for night vision ADAS. This system will complement Valeo’s large range of sensors and rely on Valeo’s ADAS software stack to support functions such as automatic emergency braking (AEB) at night for passenger and commercial vehicles as well as for autonomous cars. (Source: Valeo, Press Release, 2024)

Thermal Scanners Market Report Coverage and Deliverables

The “Thermal Scanners Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles