Infrared Thermometer - Market Insights, Competitive Landscape, and Market Forecast - 2030

Infrared Thermometer Market By Product Type (Contact Thermometers And Non-Contact Thermometers), By End-User (Food And Beverage Industry, Electronic Industry, Healthcare Industry, And Others), and by geography is expected to advance at a respectable CAGR forecast till 2030 owing to the growing need for robust temperature measuring devices in critical industries and rise in the number of infectious diseases across the globe

The global infrared thermometer market is estimated to grow at a CAGR of 9.3% during the forecast period from 2024 to 2030. The infrared thermometer market is observing significant market growth primarily owing to the mounting figures of various infectious diseases, especially covid-19 infection. Further, the growing need for robust temperature measuring devices in critical industries, increasing demand for automation in the industrial sector, continuous advancements in infrared thermometers along with the addition of new features, increasing product launches and approvals, surging investments by key players, and others will ultimately affect the demand for infrared thermometer certainly during the forecast period. Therefore, the market of infrared thermometers is estimated to grow at a substantial CAGR during the forecast period from 2024 to 2030.

Infrared Thermometer Market Dynamics:

According to World Health Organization's (WHO) COVID-19 dashboard, globally, as of 9 February 2023, there have been 755,116,409 confirmed cases of COVID-19, including 6,831,681 deaths, reported to WHO.

Further, as per the WHO 2022 data, it was estimated that nearly 390 million dengue virus infections are reported per year, of which 96 million manifest clinically. Another study on the prevalence of dengue estimates that despite a risk of infection existing in 129 countries, 70% of the actual burden is in Asia.

According to the Centers for Disease Control and Prevention (CDC) 2019, worldwide, Shigella is estimated to cause 80-165 million cases of disease and 600,000 deaths annually; of these, 20-119 million illnesses and 6,900-30,000 deaths are attributed to foodborne transmission.

The above-mentioned viral and bacterial infections have fever as a major symptom, which can be monitored using an infrared thermometer. Thus, the increasing prevalence of viral infections will increase the demand for infrared thermometers in the market, leading to overall market growth during the forecast period.

Furthermore, technological advancements, such as the development of a Bluetooth non-contact infrared thermometer, are one of the primary factors driving the market growth. Many market participants are introducing Bluetooth non-contact infrared thermometers, which are expected to help the market grow. Telepower Communication Co., Ltd, for example, will release a Bluetooth non-contact infrared thermometer in October 2020. The company created a low-power, high-performance wall mount that houses a non-contact infrared thermometer. As a result, this development is expected to propel the non-contact infrared thermometer market over the forecast period.

Moreover, various companies were engaged in strategic activities such as product launches, partnerships, mergers, and others. For instance, in June 2020, Secureye expanded its MediSec product range with a launch of non-contact infrared thermometers. Similarly, in May 2020, Segun Life & TCL partnered to launch a non-contact infrared thermometer.

Therefore, the factors stated above collectively will drive the overall infrared thermometer market during the forecast period from 2024-2030.

However, the diverse emissivity of the object or surface, the expensive nature of infrared thermometers, and others may prove to be challenging factors for the infrared thermometer market growth.

The infrared thermometer market was positively impacted during the period of the COVID-19 pandemic. The increasing cases of covid-19 infection lead to an increased demand for infrared thermometers as these devices were used to monitor body temperature across various industries and hospitals regularly. Moreover, an infrared thermometer to measure the temperature of a patient was highly encouraged by various organizations and regulatory authorities around the world as the primary symptom of a person infected with the COVID-19 virus is fever. These devices can help quickly measure the temperature and can evaluate a large number of populations without having any physical contact with them, thus preventing the risk of transmission of covid-19 infection. Therefore, the demand for infrared thermometers increased exponentially and is estimated to do the same during the forecast period from 2023 - 2028.

Infrared Thermometer Market Segment Analysis:

Infrared Thermometer Market by Product Type (Contact Thermometers and Non-Contact Thermometers), End-User (Food and Beverage Industry, Electronic Industry, Healthcare Industry, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the product type segment of the infrared thermometer market, the non-contact thermometers segment is expected to have a significant revenue share in the year 2023. This is due to its widespread use in the detection of fever in various infectious diseases. Moreover, technological advancements and the launch of new products are expected to propel the growth of the segment.

For instance, according to the WHO 2022, each year, typhoid fever is estimated to affect 21 million people worldwide. Similarly, according to the CDC, 30,000 cases of yellow fever occur annually, out of which 90% of them occur in Africa. Further, non-contact thermometers may be used to reduce cross-contamination risk and minimize the risk of spreading disease. These thermometers are portable and easy to use. These are lightweight & compact and can also be used to measure the temperature of any moving object.

Additionally, these devices are used in various sectors, such as the healthcare, hospitality, manufacturing, and automobile industries. An increase in the number of such industries globally is anticipated to help the market growth. For instance, according to the American Hospital Association 2022, a total of 6,059 hospitals were present in the United States in 20221. Similarly, according to the National Investment Promotion & Facilitation Agency, the hospital industry in India makes up 80% of the total healthcare market. Therefore, a rise in the number of hospitals and growth of the hospital sector around the globe are expected to support the segment growth.

In addition, increasing product launches and approvals will also impact the growth of the segment. For instance, in August 2020, EVERYCOM one of the leading manufacturer of thermometers, launched IR37, a non-contact infrared thermometer with a display temperature range of 89.6 to 109.4

Therefore, owing to the above-mentioned factors, the demand for non-contact infrared thermometers surges, thereby the category is expected to witness considerable growth eventually contributing to the overall growth of the global infrared thermometer market during the forecast period.

North America is expected to dominate the overall Infrared Thermometer Market:

Among all the regions, North America is expected to dominate the global infrared thermometer in the year 2023 and is expected to do the same during the forecast period from 2024-2030.

This can be ascribed to the increasing burden of infectious diseases, the developed infrastructure presence of infrared thermometer manufacturer's hub in the US, rising automation in the industrial sector, rising product launches and approvals, favorable reimbursement scenarios, and others act as supportive factors for the North America infrared thermometer market growth.

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. Further, the increasing burden of COVID-19 infection also impacted the market of infrared thermometers in the region. The WHO COVID-19 dashboard stated that in the United States of America, from 3 January 2020 to 9 February 2023, there were 101,211,478 confirmed cases of COVID-19 with 1,100,421 deaths. Fever is one of the common symptoms of COVID-19, which can be checked by an infrared thermometer without viral transmission. Thus, the increasing burden of COVID-19 infection and other viral infections will lead to an increased demand for infrared thermometers in the region.

Also, the increasing demand of meat products have grown throughout the region, which lead to the increased demand of infrared thermometer. These thermometer are used to check if the meat is properly cooked, to measure the internal temperature of meat, and to measure the temperature of meat when presented on a plate. Thus, the increasing meat products and growing food industry in the region will create a positive impact on the demand of infrared thermometer.

Also, the presence of a large population base and major players in the region, such as Cole Palmer, Braun Healthcare, and Emerson Electric, and many large food & beverages companies, such as The Coca-Cola Company and Tyson Foods, will boost the market growth in this region.

Therefore, the interplay of the aforementioned factors above would provide a conducive growth environment for the North American region in the infrared thermometer market.

Infrared Thermometer Market Key Players:

Some of the key market players operating in the infrared thermometer market include Thermo Fisher Scientific Inc., Omega Engineering, Inc., PCE Deutschland GmbH, HORIBA, Ltd., Weiss Instruments LLC, Mediaid, Inc., Fluke Corporation, Optris GmbH, General Tools & Instruments LLC, HIOKI E.E. CORPORATION, SKF, OMRON Healthcare, Inc., THERMOMEDICS, INC., Microlife Corporation., TriMedika, Braun GmbH, Geratherm Medical AG, American Diagnostic Corporation, Contec Group, BPL Medical Technologies, and others.

Recent Developmental Activities in the Infrared Thermometer Market:

In June 2022, at the medical expo in Mumbai, India, Exergen Corporation introduced the TAT-2000 for professionals and the TAT-2000C for consumers. The TAT 2000 is Exergen's newest Temporal Artery Thermometer. TAT is aimed at medical professionals working in schools, nursing homes, hospitals, and other healthcare settings.

In 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.

Key Takeaways from the Infrared Thermometer Market Report Study

Market size analysis for current infrared thermometer market size (2023), and market forecast for 5 years (2024-2030)

The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the infrared thermometer market.

Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years

Key companies dominating the global infrared thermometer market.

Various opportunities are available for the other competitor in the Infrared Thermometer market space.

What are the top-performing segments in 2023? How these segments will perform in 2030?

Which are the top-performing regions and countries in the current infrared thermometer market scenario?

Which are the regions and countries where companies should have concentrated on opportunities for infrared thermometer market growth in the coming future?

Target Audience who can be benefited from this Infrared Thermometer Market Report Study

Infrared thermometer products providers

Research organizations and consulting companies

Infrared thermometer-related organizations, associations, forums, and other alliances

Government and corporate offices

Start-up companies, venture capitalists, and private equity firms

Distributors and Traders dealing, in infrared thermometer

Various end users who want to know more about the infrared thermometer market and the latest technological developments in the infrared thermometer market.

Frequently Asked Questions for the Infrared Thermometer Market:

1. What is an Infrared Thermometer?

An infrared thermometer measures temperature by detecting a portion of the thermal radiation, also known as black-body radiation, emitted by the object being measured. An infrared thermometer is an excellent tool for non-contact measurement of current-carrying objects, objects in motion, and objects at high temperatures. Infrared thermometers enable users to measure temperature in situations where traditional sensors are ineffective.

2. What is the global market for an infrared thermometer?

The global infrared thermometer market is estimated to grow at a CAGR of 9.3% during the forecast period from 2024 to 2030.

3. What are the drivers for the global infrared thermometer market?

The infrared thermometer market is witnessing positive market growth owing to the factors such as the growing need for robust temperature measuring devices in critical industries, the rise in the number of infectious diseases across the globe, increasing demand for automation in the industrial sector, continuous advancements in infrared thermometer along with the addition of new features, increasing product launches and approvals, and others will create an exigency for the infrared thermometer market.

4. Who are the key players operating in the global infrared thermometer market?

Some of the key market players operating in the infrared thermometer market include Thermo Fisher Scientific Inc., Omega Engineering, Inc., PCE Deutschland GmbH, HORIBA, Ltd., Weiss Instruments LLC, Mediaid, Inc., Fluke Corporation, Optris GmbH, General Tools & Instruments LLC, HIOKI E.E. CORPORATION, SKF, OMRON Healthcare, Inc., THERMOMEDICS, INC., Microlife Corporation., TriMedika, Braun GmbH, Geratherm Medical AG, American Diagnostic Corporation, Contec Group, BPL Medical Technologies, and others.

5. Which region has the highest share of the infrared thermometer market?

Among all the regions, North America is estimated to amass a significant revenue share in the global infrared thermometer market. This can be ascribed to the rising demand for increasing burden of infectious diseases, the presence of Infrared Thermometer manufacturer's hub in the US, rising automation in the industrial sector, rising product launches and approvals, and others act as a supportive factor for the North America infrared thermometer market growth.