Thermal Scanner Market is calculated to reach USD 6.9 billion in 2029, increasing at 7.8% CAGR during 2022-2029 | Size, Share, Growth & Report

Thermal Scanner Market

Thermal Scanner Market USD was valued at USD 3.8 billion in 2021, and is estimated to reach USD 6.9 billion in 2029, expanding at a CAGR of 7.8% over the forecast period.

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The factors driving growth of the Thermal Scanner Market includes increasing application of thermal scanners at Oil & Gas, Aerospace & Defense and Military sectors, rising demand for vehicle's infotainment system, emergence of compact thermal scanners, growing cases of Covid 19 around the world and improvements in the living standards. According to the report published by Bloomberg, the Global Automotive Infotainment Market is estimated to reach USD 20,720 million by the end of 2030, growing at a CAGR of 8.32% over the forecast period (2022-2030), which will accelerate Thermal Scanners Market share in the approaching years. Moreover, growing adoption of advanced technologies by manufacturers, advancements in the existing infrastructural systems, Government regulations regarding the deployment of thermal scanners at workplaces, airports and shopping complexes, and rapid urbanization, are some of the additional factors supplementing the Thermal Scanners Market Size. In addition, the increasing investments by major corporations on research and development, strategic partnerships between and collaborations between enterprises and growing disposable incomes, are further contributing towards the market growth. 

However, growth of the Thermal Scanner Market is hindered due to legal issues related to the use of thermal imaging.

The leading players operating in the market are L3Harris Technologies, Inc., Axis Communications AB, Opgal, FLIR Systems Inc., Leonardo S.p.A, Fluke Corporation, Thermoteknix Systems Ltd., 3M Company, Optotherm, Inc., and HGH Infrared Systems, among other.

Based on Application, the Thermography segment is predicted to grow at a significant CAGR during the forecast period

Increasing use of thermography solutions for detecting injuries or blockages with high-definition image quality and for monitoring and inspecting buildings and historical monuments, are pushing segment's growth.

Based on Vertical, the Aerospace & Defence segment is projected to grow at a robust CAGR over the forecast period

As per the Thermal Scanners Market Trends, increasing application of thermal scanners for border surveillance, structural health monitoring of aircraft and in extreme weather conditions, are propelling growth of the segment.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

Increasing Government's expenditure on the defense sector, rising prevalence of covid-19 across United States and Canada, growing demand for vehicle infotainment systems, rapid industrialization and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.

Key Developments

In 2020, FLIR Systems, Inc. developed the FLIR RangerHDC MR, a high-performance HD thermal imaging midrange surveillance system. The Ranger HDC MR can detect illegal activities in degraded weather conditions by utilizing embedded analytics and image processing. This is expected to enhance the product portfolio of the company in thermal imaging system segment.
In 2020, Fluke Corporation launched a new TiS60+ thermal imaging camera that features IR-Fusion technology which blends the visible and infrared images to varying degrees to help pinpoint the exact location of a problem. The camera features 320 x 240 resolution images for clarity and image detail on a 3.5-inch LCD screen, when capturing smaller temperature differences.

Market Segmentation

Segmentation by Type

Portable
Fixed

Segmentation by Technology

Cooled
Uncooled

Segmentation by Wavelength

SWIR (Short-wave Infrared)
MWIR (Mid-Wave Infrared)
LWIR (Long-Wave Infrared)

Segmentation by Application

Thermography
Process Industry
Discrete Industry
Building Inspection
Inspection & Quarantine
Medical Diagnosis
Security & Surveillance
City Monitoring
Border & Coastal Surveillance
Ports and Wharfs Monitoring
Key Infrastructure Monitoring
Search & Rescue
Law Enforcement
Firefighting and First Response
Forest Protection
Maritime Rescue
Others

 Segmentation by Vertical

Industrial
Commercial
Aerospace & Defence
Automotive
Healthcare & Life Sciences
Oil & Gas
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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