MARKET SIZE OF THERMAL SCANNER
Are you looking to acquire a Thermal Scanner device for your healthcare organization? Searching for a suitable market information for Thermal Scanners? Information related to demand and supply of Thermal Scanner. In this article, Hospaccx Healthcare Consultancy has mapped all the information related to Thermal Scanner devices.
INTRODUCTION
An Infrared thermal scan (or thermography/thermal imaging) is a non-invasive, uses no radiation, a procedure that detects, records, and produces a careful analysis and image of skin surface temperature patterns (body heat) as a reflection of normal or abnormal human physiology.
Thermography is unique in its capacity to show physiological changes and metabolic processes in the body. The infrared thermal images show us heat patterns, thermal imbalances, and INFLAMMATION caused by circulation problems in the body.
GLOBAL MARKET SIZE OF THERMAL SCANNERS
The Global Thermal Scanners Market size is expected to reach from USD 4.1 billion in 2020 to $6.7 billion by 2025, rising at a market growth of 10.3% CAGR during the forecast period. The key factors fuelling the growth of this market are:
- Increasing demand for thermal scanners at airports for mass screening
- Rising expenditure in aerospace & defence sectors.
- Growing R&D investments by companies and governments.
- Capital firms to develop innovative thermal scanning solutions.
- Increasing the adoption of thermal scanners in the automotive industry.
In 2019, the aerospace & defence vertical dominated the thermal scanners industry. The dominance is due to the capability of thermal scanner products to work in all weather conditions irrespective of the time. Also, they are used for border surveillance, law enforcement, in ship collision avoidance and guidance systems, and structural health monitoring of aircraft. Moreover, they help soldiers in identifying, locating, and targeting the enemy forces.
INDIAN MARKET SIZE OF THERMAL SCANNERS
The Indian thermal scanners market size is estimated to grow at a CAGR of 8.6%. India thermal scanner market is expected to witness exponential growth in the forecast period of 2020 – 2026 on account of the outbreak of the global pandemic coronavirus. India has the second-largest population in the world and the non-availability of healthcare facilities to the country’s large economically weaker section puts India at high risk. This factor is boosting the demand for thermal scanners in the forecast period.
STARTUPS IN INDIAN MARKET
The industry offers numerous growth opportunities. Thus, several start-ups providing innovative products and technologies have been entering the market. Some of them include Athena Security Inc., Staqu, Rokid, NIRAMAI, and BlueSemi, among others. Staqu is based in Gurgaon, and it has launched an AI-powered thermal camera for detecting COVID-19. It is presently working with eight state and UT police forces, including Haryana, Punjab, Uttar Pradesh, Rajasthan, Telangana, Uttarakhand and Bihar to help the states in AI-powered smart policing.
THERMAL SCANNERS MARKET SHARE
MARKET SEGMENTATION OF THERMAL SCANNERS
The India Thermal Scanner has the following market segments:
By Technology:
- Cooled
- Uncooled
By Wavelength:
- Short-wave Infrared (SWIR)
- Mid-Wave Infrared (MWIR)
- Long-Wave Infrared (LWIR)
By Types:
- Handheld/Portable Camera
- Fixed/Mounted Cores
- Vision Goggles
By Applications:
- Thermography
- Security and Surveillance
- Search and Rescue
- Other Applications
By Vertical:
- Industrial
- Commercial
- Aerospace and Defence
- Healthcare
- Oil & Gas
- Other Verticals
KEY MARKET PLAYERS
These are a few major companies operating in the thermal scanners market. These companies have adopted both organic and inorganic growth strategies such as product launches and developments, partnerships, agreements, contracts, and mergers & acquisitions to strengthen their position in the market.
- FLIR Systems, Inc. (US)
- Fluke Corporation (US)
- Leonardo S.p.A. (Italy)
- L3HARRIS TECHNOLOGIES, INC. (US)
- Opgal (Israel)
IMPACT OF COVID-19 ON MARKET SIZE OF THERMAL SCANNER
One of the immediate impacts of COVID-19 on the sector is elevated demand from the aerospace industry. To combat the epidemic, all the nations are deploying these scans in airports to identify potential COVID-19 patients and prevent them from traveling to public spaces.
Various residential housing and government offices have also been deploying these scanners. Various hotel chains across the globe have also been conducting temperature screening of staff, guests to increase the safety measures during the pandemic. As an instance, Indian Hotels Co. Ltd., the Oberoi Group, and Marriott in India had initiated temperature checking across their hotel chains in India since March 2020. Another obvious impact has been elevated demand from the healthcare sector wherein; there has been a high demand for the panoramic thermal imaging system due to its ability to track in wide areas.
Another impact of the pandemic has been technological advancements with an elevated emphasis on developments among industry players. As an instance, the industry players have been launching thermal detection systems with AI, which is one of the short-term benefits of the epidemic for the growth of the industry. The deployment of this scanner in major railways is also another mentionable immediate impact of the pandemic. Herein, long-term governance of the mentioned technologies is needed to be considered by the market players before basing on these scopes of growth and venturing into the industry.
If you need any support regarding procurement, purchasing, investing in Thermal Scanner devices for your healthcare organization, you can contact us: Hospaccx healthcare business consulting Pvt. Ltd you can visit our website hospaccxconsulting.com
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