Infrared Thermometer Market Growth, Size, Share, Trends, and Forecast 2032

Infrared Thermometer Market: Industry Prospective

The global Infrared Thermometer market size accrued earnings worth approximately USD 2.91 Billion in 2023 and is predicted to gain revenue of about USD 6.41 Billion by 2032, is set to record a CAGR of nearly 9.28% over the period from 2024 to 2032.

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Infrared Thermometer Market Overview

An infrared thermometer, also known as a laser thermometer, is utilized to measure temperature from a distance. Its application can be both direct and indirect. In industrial settings, these devices assist in monitoring surface temperatures. The infrared thermometer's market success can be attributed to its reliability, linearity, cost-effectiveness, and numerous other features.

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During the ongoing pandemic, infrared thermometers have played a crucial role in rapidly measuring the temperatures of many individuals without direct contact, thereby filling a critical gap. These thermometers are now widely used in clinical settings and routinely employed during the pandemic for self-monitoring and screening at public entrances.

In order to give the users of this report a comprehensive view on the infrared thermometer market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type and application segment are benchmarked based on their market size, growth rate and general attractiveness.

Infrared Thermometer Market Growth Factors

Market Restraints: During the pandemic China faced, several issues including instability and unreliability in terms of measurement accuracy as they were not designed for use in harsh temperatures and humidity. Some Chinese OEMs provided low-cost infrared thermometers to satisfy the global demand for these devices, but they fall short in terms of thermopile sensor quality, ADC precision, and temperature compensation algorithm. Due to their poor performance in conditions of intense heat and heavy humidity, these thermometers were returned by foreign customers, primarily from Russia and Europe.

Market Opportunities: Reputable corporations are using various tactics for product launch partnerships, mergers, and regional expansion. For instance, Secureye introduced non-contact infrared thermometers in June as part of the expansion of its MediSec product line. Similar to this, Segun Life and TCL teamed up to introduce a non-contact infrared thermometer in May 2020. The non-contact infrared thermometer market is therefore anticipated to experience steady expansion over the course of the forecast period due to the aforementioned factors. The market is anticipated to expand throughout the course of the projected period.

The report provides company market share analysis in order to give a broader overview of the key players in the infrared thermometer market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the infrared thermometer market on global and regional basis.

Infrared Thermometer Market: Report Scope

Infrared Thermometer Market Segmentation Analysis

The infrared thermometer market is divided into two segments based on product: fixed infrared thermometers and portable infrared thermometers. The category of portable infrared thermometers is expected to experience substantial growth throughout the projected period. Contactless infrared thermometers monitor temperature without physical contact with an individual's body, thereby significantly reducing the danger of cross-contamination. Infrared thermometers possess the capability to accomplish this task at a distance, exhibiting comparable precision, which renders them more desirable than any alternative digital thermometer.

The infrared thermometer market is divided into two segments: non-medical and medical, based on its application. The medical sector is expected to experience a substantial increase in growth during the projected timeframe. The increasing use of infrared thermometers for temperature screening due to COVID-19 is driven by their reduced cost, improved accuracy, and growing usage.

Key Players List:

• American Diagnostic Corporation(US)
• FLIR(US)
• Testo(US)
• Cardinal Health(US)
• Thermomedics, Inc.(US)
• Exergen(US)
• Welch Allyn – A Hill-Rom Inc. Company(US)
• Electronic Temperature Instruments Ltd(UK)
• PCE Instruments(UK)
• Geratherm Medical AG(Germany)
• PAUL HARTMANN AG(Germany)
• Braun GmbH(Germany)
• Microlife Corporation(Switzerland)
• BPL Medical Technologies(Denmark)
• Contec Medical Systems Co., Ltd.(China)
• OMRON Corporation(Japan)
• AMETEK Land(UK)

This report segments the Global Infrared Thermometer Market as follows:

By Product Type

• In-ear
• Forehand
• Others

By Application

• Medical
• Veterinary

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa