Thermal Scanners Market Projected To Reach Usd 6.2 Billion By 2025

Posted by Tom C on November 28th, 2023

The global thermal scanners market is poised for substantial growth, according to the latest market research report released by MarketsandMarkets. The market, valued at USD 4.1 billion in 2020, is forecasted to expand at a Compound Annual Growth Rate (CAGR) of 8.6% during the period from 2020 to 2025, reaching an estimated value of USD 6.2 billion by 2025.

Thermal scanners have garnered significant attention due to their crucial role in temperature monitoring, especially amid the COVID-19 pandemic. These devices offer non-invasive and quick temperature readings, aiding in identifying individuals with fever, a common symptom of various illnesses, including contagious diseases.

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Factors contributing to the substantial growth of the thermal scanners market include:

  1. Health and Safety Measures: Heightened awareness regarding health and safety measures across various industries, including healthcare, transportation, manufacturing, and retail, is fueling the demand for thermal scanners.

  2. Pandemic-Driven Demand: The global health crisis has accelerated the adoption of thermal scanners for fever screening in public places, workplaces, and travel hubs to prevent the spread of infectious diseases.

  3. Technological Advancements: Ongoing technological advancements in thermal imaging technology, leading to the development of more accurate, faster, and cost-effective thermal scanners, are further propelling market growth.

The regional analysis highlights that North America currently holds a significant share of the thermal scanners market, followed closely by Asia Pacific. However, rapid industrialization, increasing infrastructural developments, and rising healthcare expenditures in emerging economies of Asia Pacific are anticipated to drive considerable market expansion in the region during the forecast period.

MarketsandMarkets projects robust growth opportunities for key market players operating in the thermal scanners sector. Prominent companies are focusing on product innovations, strategic collaborations, and geographical expansions to gain a competitive edge in this evolving market landscape.

The key players in the global thermal scanners market include FLIR Systems, Inc. (US), Fluke Corporation (US), Leonardo S.p.A. (Italy), L3HARRIS TECHNOLOGIES, INC. (US), Opgal (Israel).

For more information on the thermal scanners market analysis, trends, and comprehensive insights, please refer to the detailed report by MarketsandMarkets .

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Tom C

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Tom C
Joined: July 2nd, 2020
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