Future Market Insights (FMI) forecasts the thermal scanner market to grow at 10% CAGR between 2020 and 2030
Using thermal scanners as the first line of defense against COVID-19 in railway stations and airports remains a prime growth driver.
Retail is getting into action as behemoths and local stores take precautionary measures a notch higher, using thermal scanners to check the temperatures of staff and customers.
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Thermal scanners are primarily designed to detect heat signatures from various sources. These devices are now used in commercial and industrial settings. The rising focus on health and safety is poised to increase the overall demand for thermal scanners.
Conventionally, thermal scanners were designed to suit industrial and commercial applications, although they are being extensively used in COVID-19 detection. Rising application in thermography presents lucrative opportunities, however, there is long way to go for the market.
At present, thermography applications account for the second-largest share of the global thermal scanner market. The segment is anticipated to rise to above 11%, backed by its increasing use in the medical industry.
Thermography uses an infrared camera or thermal scanner to detect blood flow and heat patterns in body tissues. The test detects hypothermia, hyperthermia, fever, and thermography applications.
Thermography also demonstrates compelling results in detecting diabetic feet caused by vascular issues. Other applications of thermography include breast cancer, carcinoma, and skin cancer.
Effective research in thermography thus presents lucrative opportunities for thermal scanner manufacturers.
FMI reveals that the military and defense segment exhibits the highest application of thermal scanners. 2020, the industry held the dominant share of the overall thermal scanner market.
There is a surge in the use of thermal scanners in security and surveillance, motion detection, and rescue operations. A thermal scanner captures infrared radiation, including the electromagnetic spectrum. This technology is found in uncooled microbolometers, which makes it suitable mainly for military purposes.
The military aviation sector is one of the key end users of thermal scanners. The technology is used in spy planes' automatic target detection and airborne surveillance systems.
Rising regional conflicts and increasing military power have pushed several countries to flex their muscle, creating demand for high-tech thermal scanners.
Thermal scanning devices have been available for sale online and at a relatively economical cost for some time now. Several advancements are underway to introduce better and improved versions of these devices.
For instance, FLIR Systems, a company specializing in cameras, plans to release a thermal camera and iPhone app this spring for less than USD 350.
Technologies that show images of objects and highlight various heat levels from them are more straightforward to own and use. However, this improved accessibility raises various legal complications.
Certain countries prohibit the use of thermal imaging without a proper warrant. However, technology evolves faster than changes in law, and thermal imaging technology is now available at the tip of our fingers.
These legal complications raise concerns about the viability of the general public's use of thermal imaging and scanning. The issue is also more significant: How much can a government electronically monitor its citizens?
These legal restrictions could curb growth prospects for the thermal scanner market without consideration.
The demand will skyrocket in response to manufacturing firms marketing their scanners as essential tools to deploy against the spread of the virus. Brisk sales in the last few months have encouraged leading brands to focus on innovations.
High-potential markets such as India and China are witnessing a spurt of new launches. In India, Nuos Home Automation swiftly jumped onto the bandwagon and launched touchless thermal scanners for workplaces.
Meanwhile, thermal imaging wearables are launched in China and are soon to be deployed in the USA. As the spread of COVID-19 goes rampant worldwide, many tech start-ups are developing new solutions to address it.
For instance, a Hangzhou-based AI start-up called Rokid is currently in talks with several companies across America to sell its T1 glasses. Like Rokid, there is a wave of Chinese and Indian companies creating technologies to address novel coronavirus.
Established companies as well have also reported higher demand. FLIR, for instance, has reported witnessing an “exponential increase in demand,” which has compelled the company to prioritize consignments for hospitals and medical facilities.
In the UK, several tech companies have reported a threefold increase in sales of thermal cameras. Manufacturers are, therefore, adopting a more tiered approach to respond to the demand uptick witnessed in the last few months.
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Countries witnessing a higher incidence of COVID-19 are at the forefront of the thermal scanners market. Currently, high demand is reported in both North America and Europe. Of these, North America is dominant, and FMI forecasts that it will account for nearly 28% of the global market by the end of 2020.
The unbridled rise of COVID-19 cases has made the USA. a hotspot for thermal scanner sales. Japan, India, and China will continue to exhibit high demand in the east. As sales of thermal scanners explode in China, FMI forecasts the country will exhibit a higher CAGR in the near future.
It is interesting to note that there is a certain level of similarity in the demand witnessed across key regional markets.
There is little difference in the demand witnessed for thermal scanners regarding their wavelength between countries. This is also elucidated in the chart below.
As per FMI, the demand for short-wave infrared thermal scanners is higher in the key regional markets, including North America, Europe, Latin America, East Asia, South Asia, and the Middle East and Africa.
The thermal scanner market is primarily business-centric. Companies operating in the market are, therefore, driven by industrial & commercial activities. FMI profiles some of the leading companies operating across key regional segments. These include:
Americas
Europe
Asia Pacific
*The list is not exhaustive and is only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report
A lot will change post-lockdown. People will have to get used to ubiquitous scans at workplaces and elsewhere. Fortunately, thanks to technological improvements, these scans will be less intrusive.
As private companies and corporate offices itch to reopen, leaders are scrambling to install the latest screening technologies and digital trackers to flag the potential risks of the virus spreading.
There is demand for a wide range of products, from standard thermometer guns to more sophisticated heat-detection cameras, some of which are complemented with facial recognition software.
Future Market Insights expects temperature scanning systems to become a staple of public life. In the next few weeks, thermal scanners and imaging cameras will be deployed across airports and workplaces and in schools, housing complexes, and any other public gatherings.
However, some health experts fret that the ongoing crisis has opened the door to unproven surveillance techniques, which may pose risks as millions head back to work.
The thermal scanner market is expected to grow at a 10% CAGR from 2022 to 2032
By 2022-end, thermal scanner market sales are likely to reach USD 4.5Billion
By 2032-end, thermal scanner market sales are likely to reach USD 11.8 Billion
FLIR Systems, Inc., Fluke Corporation, and Leonardo S.p.A.are some leading thermal scanner market manufacturers.
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