The Worldwide Infrared Thermometer Industry is Expected to Reach $3.6 Billion by 2025

Dublin, Feb. 05, 2021 (GLOBE NEWSWIRE) -- The "Global Infrared Thermometer Market by Type (Fixed, Portable), Component (Optical, Display & Interface Units), Application (Medical, Non-Medical), End-use (Residential, Commercial, Industrial), and Geography - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global infrared thermometer market is projected to reach USD 3.6 billion by 2025 from USD 2.3 billion in 2020. It is expected to grow at a CAGR of 9.2% from 2020 to 2025.

The major factors driving the market's growth include the increasing number of COVID-19 patients and the rising adoption of infrared thermometers across the manufacturing sector and construction applications. However, accuracy issues in infrared thermometers is restraining market growth.

Based on type, portable to be the fastest-growing segment between 2020 and 2025

The infrared thermometer market has been broadly categorized into 2 types - fixed and portable. By type, the portable segment is expected to dominate the infrared thermometer market. One factor for the high adoption of portable infrared thermometers is their use in industrial and commercial end uses. Handheld infrared thermometers are non-contact, inexpensive, easy to use devices that help in rapid temperature measurement. Due to COVID-19, handheld infrared thermometers are being widely used for temperature screening at various commercial places, as high body temperature is one of the symptoms of COVID-19.

Based on components, optical components to be the fastest-growing type between 2020 and 2025

The infrared thermometer market has been broadly categorized by component into optical components, electronics, display & interface unit, and others. By component, the optical components segment is expected to grow at the highest rate in the infrared thermometer market. Optical components, including detectors, are used to detect the reflected infrared energy, focus the radiation energy onto the IR detector, and filter out radiation outside the desired wavelength band. The display & interface unit segment is expected to hold the largest size during the forecast period.

Based on application, medical to be the fastest-growing segment between 2020 and 2025

The infrared thermometer market has been broadly categorized by application into medical and non-medical. The non-medical application is expected to hold a larger market share, in terms of both value and volume, while the medical application is expected to grow at a higher CAGR, in terms of value, during the forecast period. The major factors for the growth of the medical application are the lower cost, higher accuracy, and rising adoption of infrared thermometers for temperature screening due to COVID-19.

Based on end-use, commercial to be the fastest-growing segment between 2020 and 2025

By end use, the industrial segment is expected to hold the largest share, while the commercial segment is expected to grow at the highest rate. The growth of the industrial segment is attributed to the higher adoption of infrared thermometers in industrial manufacturing, industrial processing, and other such industrial segments. The commercial segment is expected to grow primarily due to the significant adoption in commercial segments such as hospitals and healthcare facilities, banks and financial institutions, retail, government, and hospitality sectors.

APAC infrared thermometer market to record the highest growth rate during the forecast period

The market in APAC is expected to grow at the highest CAGR during the forecast period, and the region is expected to dominate the global market by 2025. The growth of the market in APAC is mainly due to the higher adoption of medical thermometers in commercial, industrial, and residential end use segments. Factors such as price-competitive market, availability of low-cost products, presence of local manufacturers, population growth, and investments in healthcare would also boost the market growth in APAC during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 Pre-COVID-19 Scenario
3.2 Post-COVID-19 Scenario
3.3 Optimistic Scenario (Post-COVID-19)
3.4 Pessimistic Scenario (Post-COVID-19)

4 Premium Insights
4.1 Attractive Growth Opportunities in Market
4.2 Infrared Thermometer Market, by Type
4.3 Market, by End-use
4.4 Infrared Market in APAC, by Country and End-use

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Number of COVID-19 Patients
5.2.1.2 Rising Adoption of Infrared Thermometers Across Manufacturing Sector
5.2.1.3 Rising Adoption of Infrared Thermometers in Construction Applications
5.2.2 Restraints
5.2.2.1 Accuracy Issues with Infrared Thermometers
5.2.3 Opportunities
5.2.3.1 Opportunities for Second Generation of Infrared Thermometers
5.2.3.2 Rising R&D Investments by Companies, Governments, and Capital Firms to Develop Innovative Thermal Scanning Solutions and Infrared Thermometers
5.2.3.3 Rising Adoption of Infrared Thermometers in HVAC and Refrigeration Applications
5.2.4 Challenges
5.2.4.1 Limitation of Infrared Thermometers in Crowd Screening
5.3 Value Chain Analysis
5.4 Ecosystem
5.5 Porter's Five Force Analysis
5.6 Use Cases
5.6.1 Optimizing Furnace Operation Using Infrared Thermal Imaging
5.6.2 Development of Infrared Thermometer That Can Measure Temperature in Extrusion and Hot-Rolling Aluminum Alloys
5.6.3 Hot Axle Detection Using Infrared Thermometer
5.6.4 Fever Screening Kit Using Infrared Thermometer to Screen People
5.6.5 Infrared Thermometer for Industrial Processes
5.7 Technology Trends
5.7.1 Change-of-State Sensors
5.7.2 Thermocouples
5.7.3 Infrared Night Vision Cameras
5.7.4 Thermal Scanners
5.7.5 Displays for Infrared Thermometers
5.7.6 Sensors for Infrared Thermometers
5.8 Pricing Analysis
5.9 Trade Analysis
5.9.1 Thermometers: Global Import Data, 2019 (USD Million)
5.9.2 Thermometers: Global Export Data, 2019 (In USD Million)
5.10 Patent Analysis
5.11 Market Regulations

6 Infrared Thermometer Market, by Type
6.1 Introduction
6.2 Fixed Infrared Thermometers
6.2.1 Fixed Infrared Thermometers are Permanently Mounted and are Used to Monitor Temperature of Processes
6.3 Portable Infrared Thermometers
6.3.1 Rising Demand for Portable Infrared Thermometers due to COVID-19

7 Infrared Thermometer Market, by Component
7.1 Introduction
7.2 Optical Components
7.2.1 Optical Components Focus Radiation Energy Onto the IR Detector and Filter Out Unwanted Radiation
7.3 Electronics
7.3.1 Electronics Consist of a Controller, an Amplifier, a Signal Conditioning Module, and an Analog-To-Digital Converter
7.4 Display and Control Units
7.4.1 Displays Show Warnings and Readings Whereas Interface Units Provide Data to Other Modules
7.5 Others

8 Infrared Thermometer Market, by Application
8.1 Introduction
8.2 Non-Medical
8.2.1 Infrared Thermometers are Used in Non-Medical Application for Industrial End-use
8.3 Medical Infrared Thermometers
8.3.1 Medical Infrared Thermometers are Mainly Used in Commercial Applications
8.4 Factors to Consider while Selecting an Infrared Thermometer
8.4.1 Accuracy
8.4.2 Emissivity
8.4.3 Temperature Range
8.4.4 Reading Speed or Response Time
8.4.5 Design
8.4.6 Backlit Display
8.4.7 Warranty

9 Infrared Thermometer Market, by End-use
9.1 Introduction
9.2 Residential
9.2.1 COVID-19 Pandemic Has Led to a Rise in Use of Infrared Thermometers in Residential Areas
9.3 Commercial
9.3.1 Commercial Use of Infrared Thermometers is Mainly in Healthcare, Government, and Retail Sectors
9.4 Industrial
9.4.1 Significant Adoption of Infrared Thermometers in Industrial Manufacturing to Spur the Market Growth

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.3 Europe
10.4 APAC
10.5 RoW

11 Competitive Landscape
11.1 Introduction
11.2 Market Share Analysis, 2019
11.3 Competitive Evaluation Analysis
11.3.1 Star
11.3.2 Pervasive
11.3.3 Emerging Leaders
11.3.4 Participant
11.4 Small and Medium-Sized Enterprises (SME) Evaluation Quadrant, 2019
11.4.1 Progressive Companies
11.4.2 Responsive Companies
11.4.3 Dynamic Companies
11.4.4 Starting Blocks
11.5 Competitive Situations and Trends
11.6 Market: Application and Regional Footprint

12 Company Profiles
12.1 Key Players
12.1.1 Fluke
12.1.2 Flir
12.1.3 Testo
12.1.4 Omron
12.1.5 Microlife
12.1.6 Hill-Rom
12.1.7 Omega Engineering
12.1.8 PCE Instruments
12.1.9 Chino Corporation
12.1.10 Ametek Land
12.2 Other Key Players
12.2.1 Robert Bosch
12.2.2 Optris GmbH
12.2.3 Contec Medical Systems Company Ltd.
12.2.4 Nureca
12.2.5 Trumeter
12.2.6 Double King Industrial Holdings (China Victor)
12.2.7 Yuwell-Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.
12.2.8 Wika Group
12.2.9 Emerson
12.2.10 Horiba
12.2.11 Keyence
12.2.12 Zebronics
12.2.13 Amphenol
12.2.14 Melexis
12.2.15 Calex Electronics
12.2.16 Detel

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: The Subscription Portal
13.3 Available Customizations

For more information about this report visit https://www.researchandmarkets.com/r/7n2bwt

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900