Infrared Thermometer Market Size
| 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 |
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 Market Trends
This section covers the major market trends shaping the Infrared Thermometer Market according to our research experts:
Healthcare Industry to Dominate the Market
- In medicine, infrared sensors are used to measure skin temperature. The temperature distribution along the surface of the human skin provides information about various physiological issues involving thermoregulation and metabolism.
- Due to their affordability, better quality, and non-contact rapid screening in measuring body temperature, portable infrared thermometers are generally recommended thermometers.
- Additionally, the market is anticipated to grow due to healthcare professionals' reliance on thermometers to assess patients' health.
- Detecting blood arteries during laparoscopic surgery is one of the most cutting-edge applications of IR sensor technology. Analyzing physiological processes connected to skin temperature is done using medical infrared thermography (MIT). Thanks to technological advancements, MIT is now a trusted tool for medical measurement.
- As the COVID-19 epidemic continues, there is a growing demand for thermometers for constant temperature checks. This demand is also driven by the cost and ease of use of infrared thermometers and growing government spending in the healthcare sector.
North America Holds Major Share of the Market
- In terms of market share, North America dominates the world. Compared to Canada, the US is a critical factor in raising regional demand. Due to its developed infrastructure, which can house cutting-edge solutions from various sectors, the nation is anticipated to dominate the global market over the forecast period.
- Contactless temperature monitoring tools like infrared thermometers have become necessary due to the rising occurrence of infectious diseases in nations like the United States and Canada. Consumers spend a lot of money on home care items like infrared thermometers.
- Additionally, as the demand for meat products has grown throughout the region, so needs infrared thermometers, which can be used to check if meat is done during the cooking process and measure its temperature when it is being presented on a plate.
- Moreover, the market is anticipated to be driven by North America's established healthcare infrastructure and rising disposable thermometer demand.
- To be sure, the market for infrared thermometers in North America will continue to see growth opportunities as a result of ongoing technological developments as well as the growing popularity of infrared thermometers across various end-use verticals due to their numerous advantages.
Infrared Thermometer Industry Overview
The Infrared Thermometer Market is moderately competitive. Many well-known companies produce infrared thermometers, including Thermo Fisher Scientific Inc., Omega Engineering Inc., PCE Deutschland GmbH, HORIBA, Ltd., Weiss Instruments LLC, Mediaid, Inc., Fluke Corporation, and Optris GmbH. The global supply of modern infrared thermometers is a primary manufacturer's focus. Businesses are continuously reducing the costs of these thermometers. Globally accessible infrared thermometers are a goal of major manufacturers.
In November 2022, TriMedika, a medical technology manufacturer providing clinical devices for hospitals, showcased its non-contact thermometer product at Medica TRITEMP as a thermometer is a precision-engineered tool designed to impact patient care and control infection across healthcare globally positively.
Infrared Thermometer Market Leaders
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Thermo Fisher Scientific Inc.
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OMEGA Engineering inc.
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HORIBA, Ltd.
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PCE Deutschland GmbH
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Weiss Instruments LLC
*Disclaimer: Major Players sorted in no particular order
Infrared Thermometer Market News
- June 2022: Exergen Corporation introduced the TAT-2000 for professionals and the TAT-2000C for consumers at the medical expo in Mumbai, India, where The TAT 2000 is Exergen's newest Temporal Artery Thermometer. TAT targets medical professionals in schools, nursing homes, hospitals, and healthcare facilities.
- March 2022: Foundation Investment Partners (FIP) announced it had finalized an agreement with Weiss Instruments LLC to purchase the 140-year-old company where Weiss Instruments, manufacturer of temperature and pressure instruments for HVACR and OEM customers. With collaboration, FIP will combine the manufacturing facility with the recently purchased Miljoco Instrument Corporation at their 50,000-square-foot facility and serve customers with a continuation of their quality and service reputation.
Infrared Thermometer Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter Five Forces
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of Impact of COVID-19 on the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Need for Robust Temperature Measuring Devices in Critical Industries
5.1.2 Building Automation in the Industrial Sector
5.2 Market Restraints
5.2.1 Diverse Emissivity of the Object or Surface
6. MARKET SEGMENTATION
6.1 Product Type
6.1.1 Contact Thermometers
6.1.2 Non-contact Thermometers
6.2 End User Industry
6.2.1 Food and Beverage Industry
6.2.2 Electronic Industry
6.2.3 Healthcare Industry
6.2.4 Other End User Industries
6.3 Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 Rest of the World
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Thermo Fisher Scientific Inc.
7.1.2 Omega Engineering Inc.
7.1.3 HORIBA, Ltd.
7.1.4 PCE Deutschland GmbH
7.1.5 Weiss Instruments LLC
7.1.6 Extech Instruments Corporation
7.1.7 Mediaid, Inc.
7.1.8 Optris GmbH
7.1.9 Fluke Corporation
7.1.10 General Tools & Instruments LLC
7.1.11 Hioki E.E. Corporation
7.1.12 SKF Group
7.1.13 OMRON Corporation
7.1.14 Thermomedics, Inc.
7.1.15 Microlife Corporation
7.1.16 TriMedika
7.1.17 Braun GmbH
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
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 Research 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.
Which is the fastest growing region in Infrared Thermometer Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Infrared Thermometer Market?
In 2024, the North America accounts for the largest market share in Infrared Thermometer Market.
What years does this Infrared Thermometer Market cover?
The report covers the Infrared Thermometer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Infrared Thermometer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Infrared Thermometer Industry Report
Statistics for the 2023 Infrared Thermometer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Infrared Thermometer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
