Global Infrared Thermometer Market Size, Trends, and Analysis - Forecasts To 2026 By Type (Fixed Infrared Thermometer and Portable Infrared Thermometer), By Component (Optical Components, Electronics, Display, and Control Units and Others), By Application (Medical and Non-Medical), By End-User (Residential, Commercial and Industrial), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Infrared Thermometer Market: Insights
The infrared thermometer enables measurement of temperature from the thermal radiation emitted by the object, without needing to touch the surface of the object. This infrared technology is used in various electronic equipment, such as cameras, sensors, and other remote-control devices. However, this technology is widely used in the food and beverage sector, to maintain the right temperature of raw materials and end-product during the production of any food or beverage. Another key driver of the infrared thermometer market is its high demand for industrial use due to its efficient, durable, and accurate result. Apart from these, infrared thermometers have become one of the main parts of the global automation and predictive maintenance industry, which is currently in high exposure and experiencing heavy capital investment. It is also used in the medical industry to measure body temperature, and due to the ongoing pandemic, the demand for infrared thermometers has risen steeply.
Infrared Thermometer Market: By Type
The two different categories include a fixed infrared thermometer and portable infrared thermometer. The category of the portable infrared thermometer is observed to be the fastest-growing over the estimated timeframe. This is due to its easy handling, non-contact features, and affordability. Due to the Covid-19 pandemic, these thermometers are being widely used in almost every country, at every commercial place, at airports, government offices, and even in households.
Infrared Thermometer Market: By Component
According to the component analysis, the four segments are Optical Components, Electronics, Display & Control Units, and Others. The optical component is expected to grow at the highest CAGR in the forecasting period of 2021-2026. The key factors that lead to this growth are its wide use in detecting the reflected infrared energy, as it filters out the radiation outside the desired wavelength band.
Infrared Thermometer Market: By Application
Based on the study, the application market can be divided into two categories: non-medical and medical. Infrared sensors are widely exploited to measure the temperature of the skin in the medical industry. Apart from that, infrared thermometers are used for identifying the blood-vessels in laparoscopic surgery, for analyzing physiological functions related to body temperature. A key factor behind this wide use of the infrared thermometer is that it enhances access control and identification, also it can measure ear, forehead, or skin temperature without any contact. Due to the Covid-19, the demand for this contactless thermometer is growing steeply in the medical sector.
Infrared Thermometer Market: By End-User
Based on the end-user, the market can be split into commercial, residential, and industrial. The commercial segment is expected to grow the most during 2021-2026, due to its significant adoption in commercial places such as hospitals and other healthcare centers, banks, airports, and hospitality centers.
Infrared Thermometer Market: By Region
The most prominent market segment is expected to be held by the North American region globally. The U.S. plays a dominant role in increasing its market demand. Over the forecast period, the U.S. is expected to hold a fair share of the market, mainly because of its developed infrastructure and ability to house advanced solutions across various sectors. Especially with the recent pandemic situation, various commercial agencies and governments are widely adopting infrared thermometers. However, the Asia Pacific region is estimated to grow at the fastest pace in the forecasting period of 2021-2026 and is also expected to dominate the global market by 2026, mainly due to higher adoption of thermometers in wide numbers of places, like hospitals, commercial and industrial sectors. Also, the increasing investment in the health sector in the developing Asia Pacific countries is going boost the market demand in this region.
Infrared Thermometer Market: Share & Competitor Analysis
Fluke, FLIR, Testo, Omron, Microlife, Hill-Rom, Omega Engineering, PCE Instruments, Chino Corporation, and AMETEK Lan, among others, are the key vendors operating in this market.
Please note: This is not an exhaustive list of companies profiled in the report.
In July 2019, to take account of the consumers' reliability issues, Fluke acquired a Germany-based company for managing precision laser shaft alignment, condition monitoring, and non-destructive testing.
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The Global Infrared Thermometer Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Infrared Thermometer Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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