Market Size of Infrared Thermometer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Infrared Thermometer Market Analysis
The Infrared Thermometer Market will register a CAGR of 9.2% over the forecast period. An infrared thermometer is a device for measuring temperature that uses an infrared sensor to translate infrared signals into electrical signals and show the results in temperature units.
- The primary reasons anticipated to drive the market are an increase in the prevalence of infectious diseases and other medical problems, including malaria and dengue, as well as growing public awareness of the significance of body temperature monitoring.
- In addition, as the temperature is one of the essential factors in the maintenance and regular inspection of equipment used in the manufacturing business, IR-based thermometers are becoming an ever-increasing part of the worldwide automation and predictive maintenance demand.
- Moreover, increased automation, growing infrared thermometer usage in predictive maintenance, and growing acceptance of infrared thermometers in agriculture would open up profitable growth opportunities.
- The price of infrared thermometers and their low market penetration in various developing and underdeveloped countries are some factors limiting the growth of the infrared thermometer market.
- The COVID-19 pandemic, which forced all governments to impose strict lockdowns, negatively impacted the market's expansion. However, the infrared thermometer market is predicted to rebound after the pandemic because of its expansion into more varied and creative application fields, including medical, industrial, and others.
Infrared Thermometer Industry Segmentation
An infrared thermometer is a thermometer that indicates temperature from a portion of the thermal radiation, seldom called black-body radiation, emitted by the object being measured. An infrared thermometer is an excellent tool for the non-contact measurement of objects that carry current, objects in motion, and at high temperatures. Infrared thermometers allow users to measure the temperature in applications where traditional sensors cannot be employed.
The Infrared Thermometer Market is segmented by Product Type (Contact Thermometers, Non-contact Thermometers), End User Industry (Food Industry, Agriculture Industry, Electronic Industry, Healthcare Industry, Other End User Industries), and Geography (North America, Europe, Asia-Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.
| Product Type | |
| Contact Thermometers | |
| Non-contact Thermometers |
| End User Industry | |
| Food and Beverage Industry | |
| Electronic Industry | |
| Healthcare Industry | |
| Other End User Industries |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Rest of the World |
Infrared Thermometer Market Size Summary
The infrared thermometer market is poised for significant growth, driven by the increasing prevalence of infectious diseases and heightened public awareness of the importance of body temperature monitoring. These devices, which utilize infrared sensors to measure temperature, are becoming integral to the manufacturing sector's automation and predictive maintenance needs. The market is also expanding due to the growing use of infrared thermometers in agriculture and their rising acceptance in various industries. However, challenges such as high costs and low penetration in developing regions may hinder growth. The market experienced a setback during the COVID-19 pandemic due to lockdowns, but is expected to recover and expand into new application areas, including medical and industrial fields.
North America currently leads the global infrared thermometer market, with the United States playing a pivotal role due to its advanced infrastructure and demand for contactless temperature monitoring solutions. The region's established healthcare system and increasing consumer spending on home care products further bolster market growth. The market is moderately competitive, with major companies like Thermo Fisher Scientific Inc., Omega Engineering Inc., and Fluke Corporation focusing on reducing costs and expanding global access to modern infrared thermometers. Recent technological advancements and the growing popularity of these devices across various sectors are expected to continue driving market opportunities in North America.
Infrared Thermometer Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter Five Forces
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of Impact of COVID-19 on the Industry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Contact Thermometers
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2.1.2 Non-contact Thermometers
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2.2 End User Industry
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2.2.1 Food and Beverage Industry
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2.2.2 Electronic Industry
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2.2.3 Healthcare Industry
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2.2.4 Other End User Industries
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia Pacific
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2.3.4 Rest of the World
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Infrared Thermometer Market Size FAQs
What is the current Infrared Thermometer Market size?
The Infrared Thermometer Market is projected to register a CAGR of 9.20% during the forecast period (2024-2029)
Who are the key players in Infrared Thermometer Market?
Thermo Fisher Scientific Inc., OMEGA Engineering inc., HORIBA, Ltd., PCE Deutschland GmbH and Weiss Instruments LLC are the major companies operating in the Infrared Thermometer Market.
