Current And Future of Infrared Thermometer Market Size, Key Players, Analysis and Forecast to 2025
The infrared thermometer market is projected to grow from USD 2.3 billion in 2020 to USD 3.6 billion by 2025, at a CAGR 9.2% between 2020 and 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.
By type, the portable segment is
expected to dominate the infrared thermometer market. The high adoption of
portable infrared thermometers is due to their use in industrial and commercial
end uses. Handheld infrared thermometers are noncontact, inexpensive, easy to
use devices that help in rapid temperature measurement
By component, the optical
components segment is expected to grow at the highest CAGR. Optical components,
including detectors, are used to detect the reflected infrared energy, focus
the radiation energy onto the IR detector, and filter out the radiation outside
the desired wavelength band.
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 mainly due
to the higher adoption of infrared thermometers in industrial manufacturing,
industrial processing, and other such industrial segments.
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 largest share of the non medical IR
thermometers is mainly due to the rising adoption on the industrial segment
mainly for portable type.
The market in APAC is expected to
grow at the highest CAGR during the forecast period; the region is expected to
dominate the global infrared thermometer market by 2025. The significant market
growth in APAC is mainly due to the higher adoption of medical thermometers in
commercial, industrial, and residential end use segments.
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