The global temperature detection screen market stands at a valuation of USD 1.2 Billion in 2022, and is projected to attain an estimated worth of USD 4.2 Billion by the end of 2030, expanding at a staggering CAGR of 16.9% over the period of 2022 to 2030.
Attribute | Details |
---|---|
Global Temperature Detection Screen Market Size (2022) | USD 1.2 Billion |
Estimated Market Revenue (2030) | USD 4.2 Billion |
Forecasted Market Growth Rate (2022 to 2030) | 16.9% CAGR |
Healthcare Industry Market Share | 24% |
In the wake of the COVID-19 pandemic, demand for temperature detection screens as well as temperature detection sensors saw a major hike in 2020. Sales of temperature detection screens currently account for 15% share in the global thermal sensing industry.
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Market Statistics | Details |
---|---|
H1,2021 (A) | 14.6% |
H1,2022 Projected (P) | 15.0% |
H1,2022 Outlook (O) | 15.5% |
BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 47 ↑ |
BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 94 ↑ |
As per Future Market Insights, temperature detection screens are playing an important role in commercial spaces as they offer contactless screen that helps protect public health in indoor environments. These screens provide consistent and efficient results.
Such benefits are accelerating the demand of temperature detection screen. A spike of 47 units in BPS values observed in the temperature detection screen market in H1, 2022 - Outlook (O) over H1, 2022 Projected (P). The COVID-19 epidemic had a favorable effect on the market for temperature detection screens.
Temperature detection screen production and sales increased as a result of the need to control individual body temperatures during the pandemic in order to check for potential viruses.
Moreover, compared to H1, 2021 (A), the temperature detection screen market increased by 94 BPS in H1 -2022. As per FMI, the temperature detection screen has a wide range of uses, including military activities.
For day-night surveillance and thermal target detection in military operations, temperature detection screens, particularly thermal scanners, are used. Due to such factors, the temperature detection screen market is expected to grow at a robust rate.
Thermal imaging techniques have become immensely popular in recent times and especially demand from industrial applications has been significant. For accurate thermal readings, temperature detection screens are essential and enable manufacturers to detect faults that are invisible to the naked eye.
Shipments of temperature detection screens rose at a CAGR of 14.4% from 2015 to 2021. Temperature detection screen consumption was especially boosted in 2020 as the COVID-19 pandemic took over the world and temperature detection was one of the key methods to detect infected individuals.
Rising scope of application in multiple end-use industries, rapid advancements in thermal technologies, increasing demand from the security and surveillance industry, and military and defence industry are some of the prominent trends that are anticipated to guide demand for temperature detection screening products.
Portable temperature detection screens are anticipated to see higher demand than fixed temperature detection screens. This can be attributed to the rising preference for portable temperature detection screens from healthcare organizations and military organizations.
Consumption of temperature detection screening devices is estimated to rise at an astronomical CAGR of 16.9% from 2022 to 2030.
“Rising Scope of Application in Military & Defence Sector to Influence Temperature Detection Screen Sales”
Thermal imaging has found immense scope of utilization in the military and defence industry vertical. Thermal scanners are largely popular in military applications as they offer day-night observation and thermal target detection. Rapid innovative advancements in military technologies are anticipated to boost sales of temperature detection screens.
Increasing demand for security and surveillance applications in the military is expected to be a major trend promoting temperature detection screening equipment demand. Temperature detection screen manufacturers are focusing on innovating products to get military contracts and boost their revenue potential across the global market landscapes.
Military and defence sector currently holds a market share of 18.8% in the global temperature detection screen industry landscape in 2022.
“North America to Hold Dominant Stance in Terms of Temperature Detection Screen Consumption”
The temperature detection screen market metrics for regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) have been discussed in detail in this research report.
The North America temperature detection screen market is expected to maintain a dominant outlook throughout the forecast period. Rising prevalence of infectious diseases and the presence of key market players are expected to influence temperature detection screen sales in this region.
Demand for temperature detection screens is anticipated to see major growth in the European region. Rapidly developing healthcare infrastructure and rising number of clinical trials in this region are expected to fuel market potential.
Cumulatively, East Asia, South Asia, and the Pacific region are anticipated to see an increase in demand for temperature detection screens at a higher CAGR than other regions. Developing healthcare infrastructures and rising research and development activities in economies like India and China are anticipated to lead the demand for the aforementioned regions.
Low adoption of temperature monitoring devices in the MEA region influences the temperature detection screen market share on a global level. While this region accounts for a relatively low share than other regions, this trend is expected to change by the end of 2030.
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“Developing Healthcare Infrastructure to Boost Temperature Detection Screen Demand”
India has seen an increase in instances of multiple infectious diseases in recent years and in the pandemic of 2020 when the healthcare infrastructure proved to be inefficient in handling the world’s second-largest population, plans were put in place to develop healthcare infrastructure to combat any situation.
Increasing research and development, government initiatives for temperature detection screen companies, rising scope of application, etc. are some of the factors that could boost temperature detection screen sales.
“Rapid Technological Advancements in the USA to Propel Temperature Detection Screen Shipments”
The USA has always been foremost in developing and implementing new technologies and this makes it a highly rewarding market for temperature detection screen companies. Thermal imaging has seen substantial rise in scope of application in military, security, and healthcare industries, and hence, research and development has also been fueled in the USA
Presence of key manufacturers and high demand from multiple end-use industries are majorly anticipated to influence the sales of temperature detection screens in the USA
“Healthcare Industry to Boost Sales of Temperature Detection Screens”
Focus on healthcare has bolstered in the past few years amidst a rise in the prevalence of multiple infectious diseases. Thermal imaging plays a crucial role in the healthcare industry as it is one of the most important diagnostic methods at the disposal of healthcare professionals. The healthcare industry accounts for a dominant market share of 24% in the global temperature detection screen marketplace.
Increasing healthcare expenditure across the globe, rising research and development in the healthcare industry are anticipated to boost demand for temperature detection screens in the healthcare industry and further bolster its dominance through 2030.
Temperature detection screen companies are focusing on developing new innovative technologies to develop new products and boost their sales revenues. Temperature detection screen manufacturers are also eyeing mergers and acquisitions to boost their market presence across multiple regions.
Attribute | Details |
---|---|
Forecast Period | 2022 to 2030 |
Historical Data Available for | 2015 to 2021 |
Market Analysis | USD Million for Value, Units for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Turkey, South Africa, and GCC Countries |
Key Market Segments Covered | Product, Type, End Use, Region |
Key Companies Profiled | FLIR Systems Inc.; Leonardo S.p.A.; L3Harris Technologies Inc.; Axis Communications AB; Opgal; OptoTherm Inc.; Thermoteknix Systems Ltd.; Fluke Corporation; Seek Thermal Inc.; 3M Company; C-THERMAL; Tonbo Imaging; Xenics; Infratec GmbH; Testo Se & Co. KGaA; COX; HGH Infrared Systems; Terabee; Vumii Imaging; AMETEK Land |
Pricing | Available upon Request |
The global temperature detection screen market is estimated to rise at an impressive CAGR of 16.9% from 2022 to 2030.
The global market for temperature detection screens holds a value of USD 1.2 Bn in 2022.
Temperature detection screen sales are projected to account for USD 4.2 Bn by the end of 2030.
The healthcare industry accounts for 24% share in the global temperature detection screen industry.
Sales of temperature detection screens increased at a CAGR of 14.4% from 2015 to 2021.
1. Executive Summary 2. Market Overview 3. Key Success Factors 4. Global Temperature Detection Screen Market Demand (in Value or Size in USD Million) Analysis 2015 to 2021 and Forecast, 2022 to 2030 5. Market Background 5.1. Drivers 5.2. Restraints 5.3. Opportunity Analysis 6. Global Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030, by Product 6.1. Infrared Thermal Scanning Cameras 6.2. Contactless Temperature Detectors 7. Global Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030, by Type 7.1. Portable/Handheld 7.2. Fixed/Mount 8. Global Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030, by End-Use 8.1. Government and Law Enforcement 8.2. Military and Defense 8.3. Healthcare 8.4. Energy and Power 8.5. Transportation and Logistics 8.6. Commercial Spaces 8.7. Others 9. Global Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030, by Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia & Pacific 9.6. Middle East & Africa 10. North America Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030 11. Latin America Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030 12. Europe Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030 13. South Asia & Pacific Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030 14. East Asia Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030 15. Middle East and Africa Temperature Detection Screen Market Analysis 2015 to 2021 and Forecast 2022 to 2030 16. Market Structure Analysis 17. Competition Analysis 17.1. FLIR Systems, Inc. 17.2. Leonardo S.p.A. 17.3. L3Harris Technologies, Inc. 17.4. Axis Communications AB 17.5. Opgal 17.6. OptoTherm, Inc. 17.7. Thermoteknix Systems Ltd 17.8. Fluke Corporation 17.9. Seek Thermal Inc. 17.10. 3M Company 17.11. C-THERMAL 17.12. Tonbo Imaging 17.13. Xenics 17.14. Infratec GmbH 17.15. Testo Se & Co. KGaA 17.16. COX 17.17. HGH Infrared Systems 17.18. Terabee 17.19. Vumii Imaging 17.20. AMETEK Land 18. Assumptions and Acronyms Used 19. Research Methodology
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