Infrared Thermometer Market

Infrared Thermometer Market Size:

The global infrared thermometer market size reached US$ 2.74 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.90 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032. The increasing demand for non-contact temperature measurement, the rising awareness regarding hygiene and safety in healthcare settings, and the growing product adoption in consumer electronics for home use are some of the factors propelling the market.

Infrared Thermometer Market Analysis:

• Major Market Drivers: The market is majorly driven by the increasing number of regulatory requirements and the rising integration of these thermometers into smart devices.
• Key Trends: The development of infrared thermometers with multi-functionality, offering additional features is one of the key trends in the market.
• Geographical Trends: The market is witnessing some major activity in various regions across the globe due to the rapid expansion of industrial applications such as manufacturing and food processing. 
• Competitive Landscape: Some of the major market players are AMETEK land, Fluke, HORIBA, Ltd., and Microlife, among others.
• Challenges and Opportunities: A major challenge in the industry is to ensure consistent accuracy across various environmental conditions and surfaces. Conversely, several opportunities lie in the expansion into emerging markets with growing industrial and healthcare sectors.
   

Infrared Thermometer Market Drivers:

Growing Demand in Healthcare Sector

During the COVID-19 pandemic, the healthcare industry emerged as a critical market for infrared thermometers. These non-contact devices are essential for temperature screening in a variety of situations, including hospitals, airports, workplaces, and public venues, to detect fever, a common symptom of infectious diseases. The increased emphasis on health surveillance and infection prevention strategies has led to greater use of these thermometers in medical settings. Additionally, the growing acceptance of non-intrusive temperature measurement techniques contributes to increased demand for these instruments in the healthcare sector. The well-established healthcare infrastructure across the world is also favorably impacting the market.

Rising Need for Contactless Temperature Measurement

One such driving factor that positively influences the market is the rising demand for contactless measurement of temperature. Contactless temperature measurement is one in which the surface temperature of a body is measured without contact between the measuring object and the temperature sensor. The reasons for the increase in demand for this kind of temperature measurement are the short time required for taking measurements and the response times, non-destructive measurement, no possibilities of contamination or cross-infection, and measurement in hazardous or hardly accessible areas.

Application in Various End Use Industry

The increasing application of the product in various end-use industries is bolstering the market growth. In the non-medical sector, infrared thermometers are utilized to measure surface temperatures for various industrial appliances, protecting components from extensive heat and ensuring optimal performance. Additionally, in the food industry, these thermometers are used to monitor and control temperatures during food processing and storage, ensuring safety and quality standards are promoting market growth.

Awareness About Health and Safety

One of the major factors that is increasing the demand for these thermometers is growing awareness in health and safety. These thermometers do not make any contact with the skin, and as such there is no room for cross-infection of one person from another. This effectively eliminates the need for each member in a family to own such a thermometer or for labeling them for specific body areas. Infrared thermometers can be immediately used on different individuals without the risk of infection transmission. Consequently, the heightened awareness of health and safety is resulting in increased demand for these thermometers within the healthcare industry.

Global Infrared Thermometer Market Opportunities:

Advancement in Technology

Continual technological advancements are leading to the creation of several lucrative opportunities in the market. Infrared thermometer technology is constantly under development, and ever more accurate, reliable, and versatile devices are being developed. Manufacturers are focusing on integration with devices featuring Bluetooth connectivity, compatibility with smartphone applications, cloud-based data storage, and the use of improved technologies for temperature monitoring to meet the requirements of various industrial and consumer environments. One such recent example comes from the Google Pixel stable with the recent launch of in-built infrared thermometer in the 8 Pro hands-on. The Pixel 8 Pro comes with a temperature sensor using which users can measure the temperature of the things around them, on a pre-installed app named Thermometer.

Government Investment in Healthcare

The rising government investment in healthcare is supporting market growth. For instance, the National Health Account (NHA) estimates for FY19 show that the share of Government Health Expenditure (GHE) in total GDP has increased from 1.2% in FY14 to 1.3% in FY19. Furthermore, GHE's share of Total Health Expenditure (THE) has increased over time, reaching 40.6% in FY19, up from 28.6% in FY14. Moreover, governments worldwide are also involved in ensuring the distribution of these thermometers. For instance, to promote the United States safe reopening after COVID pandemic, the federal government supplied an initial supply of non-contact infrared thermometers (NCIT) to businesses and other critical workplaces. NCIT was used in accordance with CDC guidance for enterprises and employers, as well as OSHA guidance for preparing workplaces to detect possibly ill individuals, such as employees, customers, vendors, and other visitors.

Expansion into New Markets

The market is very fragmented, with so many competitors making the technologically advanced infrared thermometers across the developed and developing markets. The key players are entering the new market and other companies by making acquisitions in order to promote the product. Other firms are doing acquisitions, partnerships, mergers, collaborations, and new product launches to increase their market share and meet the consumer demand. Geographic expansion allows companies to harness growth opportunities and maximize revenues by distributing operations in various regions.

Opportunity to Cater Untapped Markets

The growing opportunities to cater to untapped markets are favorably impacting the market. The market players are expanding into untapped markets to expand their customer base. They are also strengthening their positions in the market by expanding their distribution networks. For instance, Exergen Corporation, a leading producer of infrared temperature measurement equipment for medical applications, has entered into a distribution agreement with Diagnóstico Médico for the distribution of its Temporal Artery Thermometers in Peru. Furthermore, by targeting untapped markets, market players can increase their sales, thereby providing a boost to their revenues.

Partnership Among Players

The global infrared thermometer market is competitive by the prominent players present in the globe. These market players significantly bolster the global market by engaging in partnerships. The key players are achieving their objectives by developing products in partnership with other companies. For instance, in June 2020, Hillrom established a new partnership with Aiva to provide hands-free communication for both patients and staff via an in-room voice assistant and Hillrom's Voalte Mobile solution. Hillrom's Voalte system is now the only mobile clinical communication platform with a comprehensive solution that includes hands-free caregiver-to-caregiver communication (a Hillrom first), nurse call, medical device integration, alert and alarm management, and waveform digitization.

Key Technological Trends & Development:

Combined Pulse Laser Technology

Combined pulse laser technology is a reliable tool for high-quality and high-efficiency material processing. It offers improved accuracy and speed in temperature measurement. This technology is widely adopted in various industries, such as healthcare, automotive, manufacturing, etc. Manufacturers are combining pulse laser technology in infrared thermometers. This is leading to improved precision and reduced measurement errors. This innovation is leading to the development of non-contact thermometers. These thermometers can measure temperature from a distance accurately and without touching the skin.

Miniaturization

Miniaturization is a new technological trend in the industry. The market players are focusing on producing miniaturized infrared thermometers. For instance, Scientists at the Tokyo Institute of Technology (Tokyo Tech) in Japan have launched a micrometer-wide thermometer that can detect extremely small and rapid temperature changes in real-time. A device that can assess thermal behavior at the nanoscale and in real-time has numerous applications in clinical and basic research. Furthermore, a miniaturized thermal microscopy system with a nanoscale heat source and detector is required for the creation of next-generation transistors.

Surface Mount Technology

Surface mount technology is widely adopted by the market players in the production of infrared thermometers. Surface mount technology (SMT) is a type of electronic assembly in which electronic components, also known as surface mount devices (SMD), are affixed directly to the surface of a printed circuit board (PCB). SMT has gained popularity in the market due to its low cost and excellent quality efficiency. This approach allows for automated production, facilitating a greater portion of the necessary assembly to produce functional boards. An electrical component installed in this manner is referred to as a surface-mount device (SMD). Unlike conventional assembly, SMT does not require components to be inserted through holes; instead, components are soldered directly to the board using reflow soldering.

IR sensors with Remote-Control Option

IR sensors with remote-control option is also a new technological trend. The market players are incorporating these sensors in infrared thermometers for user convenience. Adding a remote control option allows the users to use these thermometers from a distance. An infrared (IR) remote control is a handheld, wireless device that uses light signals to control any equipment in a room. Infrared light requires a line of sight to its target. This technology is suitable for various applications, especially where accurate temperature measurement and remote operation are desired.

AI Technology

Artificial intelligence (AI) contactless infrared thermometer is a medical device that can measure body temperature without any contact with the body, utilizing infrared radiation and AI algorithms. This technology has many benefits, such as lowering the risk of cross-infection, enhancing the convenience and efficiency of temperature measurement, and offering functions and services, such as infection prediction, providing health advice, etc. The United States witnessed a high demand for this technology. This was mostly due to the strong demand for AI no-touch infrared thermometers during the COVID-19 pandemic, as well as the existence of key players in the country, including Exergen Corporation, Beurer, and Lotus Biosecurity.

Wireless Connectivity IR Thermometer

An external wireless IR thermometer can measure the surface temperature by measuring the quantity of infrared energy radiated by the target’s surface or by contact utilizing a thermocouple probe and ambient temperature. Wireless connectivity IR thermometer is specially designed for use in heating, ventilating, and air conditioning (HVAC) applications. One of the most significant benefits of wireless connectivity IR is its ability to wirelessly connect to a Smartphone, Tablet, or PC (which requires different external modules, sold separately) to examine data, record readings, shoot photographs with data on them, download data from the data logger, and email the information.

Global Infrared Thermometer Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, component, application, and end use industry.

Breakup by Type:

• Contact Thermometers
• Non-contact Thermometers
   

Non-contact thermometers account for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes contact thermometers and non-contact thermometers. According to the report, non-contact thermometers represented the largest segment.

Non-contact thermometers segment is dominating the market. The growth of the healthcare industry, combined with the frequent outbreaks of infectious diseases, has entirely shifted the market in favor of non-contact infrared thermometers, which have the ability to monitor temperatures from a distance without contacting objects. The increasing demand for these thermometers is also due to the rise in the number of infectious diseases across the globe. The growing demand for safety, speed, and convenience is driving the introduction of non-contact infrared thermometers. Non-contact infrared thermometers are in high demand as they are easy to use and allow users to perform customized training. These thermometers are user-friendly and suitable for a wide range of applications, thereby driving market expansion.

Breakup by Component:

• Optical Components
• Electronics
• Display & Control Unit
• Others
   

Display & control unit holds the largest share of the industry

A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes optical components, electronics, display & control unit, and others. According to the report, the display & control unit accounted for the largest market share.

The display & control unit dominates the infrared thermometer sector due to its pivotal role in user interface and data management. This unit seamlessly integrates advanced technologies, offering precise temperature readings with user-friendly controls. Its intuitive displays enhance readability, crucial for various applications from medical diagnostics to industrial processes. Furthermore, ergonomic designs ensure effortless handling, boosting operational efficiency. With customizable settings and comprehensive data storage, it caters to diverse user needs. Moreover, continuous innovation in this segment drives market growth, solidifying its position as the cornerstone of the industry.

Breakup by Application:

• Medical
• Non-Medical
   

Medical holds the largest share of the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes medical and non-medical. According to the report, medical accounted for the largest market share.

The medical segment is dominating the market growth. This is due to population growth and an increase in the number of various diseases causing fever. The infrared sensor incorporated with the infrared thermometer accurately detects temperature, as an increase in temperature is one of the symptoms of COVID-19. Portable infrared thermometers are widely favored due to their low cost, high quality, and ability to perform rapid non-contact screening for body temperature measurement. All of these reasons contribute to increased demand for infrared thermometers in the medical segment.

Breakup by End Use Industry:

• Food & Beverage
• Healthcare
• Electronics
• Others
   

Healthcare holds the largest share of the industry

A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes food & beverage, healthcare, electronics, and others. According to the report, healthcare accounted for the largest market share.

The healthcare industry is dominating the market. In the healthcare industry, infrared sensors are used to detect the skin temperature of patients. The temperature distribution over the surface of the human skin reveals information on a variety of physiological issues related to thermoregulation and metabolism. Portable infrared thermometers are often suggested due to their low cost, superior quality, and non-contact rapid screening for detecting body temperature. Furthermore, the market is expected to rise as healthcare professionals rely on these thermometers to analyze patients' health.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East
• Africa
   

North America leads the market, accounting for the largest market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); the Middle East; and Africa. According to the report, North America accounted for the largest market share.

In terms of market share, North America is dominating the market. Compared to Canada, the United States plays a major role in increasing regional demand. Due to its developed infrastructure, which can house cutting-edge solutions from numerous sectors, the country is expected to dominate the global market over the projection period. Contactless temperature monitoring techniques, such as infrared thermometers, have become increasingly important as infectious diseases spread in countries such as the United States and Canada. Customers spend significantly on home care products such as infrared thermometers.

Analysis Covered Across Each Country:

• Historical, current, and future market performance
• Historical, current, and future performance of the market based on type, component, application, and end use industry.
• Competitive Landscape
• Government Regulations
   

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape covering market structure, market share by key players, market player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant, among others. Detailed profiles of all major companies have also been provided. This includes business overview, product offerings, business strategies, SWOT analysis, financials, and major news and events. Some of the key players in the global infrared thermometer industry include AMETEK Land, Fluke, HORIBA, Ltd., Microlife, Omega Engineering Inc., Omron, PCE, SKF, Testo, etc.

The infrared thermometer market is highly competitive. Many reputed companies produce infrared thermometers. The global supply of modern infrared thermometers is the main focus of the market players. Companies are continuously reducing the costs of these infrared thermometers. Globally accessible thermometers are also a goal of major manufacturers. For instance, in November 2022, TriMedika, a medical technology manufacturer supplying clinical devices for hospitals, displayed their non-contact thermometer product at Medica. TRITEMP is a precision-engineered thermometer that has a favorable impact on patient care and infection prevention in healthcare around the world. The market players are also investing in research and development activities to gain a competitive edge in the market.

Analysis Covered for Each Player:

• Market Share
• Business Overview
• Products Offered
• Business Strategies
• SWOT Analysis
• Major News and Events
   

Infrared Thermometer Market News:

• April 26, 2024: Horiba developed IT-270 infrared thermometer to allow customization of the target size, measurement temperature range, measurement wavelength, and communication interface.
• June 22, 2023: Pixsys announced its collaboration with British manufacturer Calex to provide huge options in infrared sensors.
• July 6, 2023: Tenovi announced the launch of a cellular-enabled infrared thermometer, which allows patients to automatically transmit real-time temperature readings to clinicians.

Infrared Thermometer Market Report Scope:

Key Questions Answered in This Report:

• How has the global infrared thermometer market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global infrared thermometer market?
• What is the impact of each driver, restraint, and opportunity on the global infrared thermometer market?
• What are the key regional markets?
• Which countries represent the most attractive infrared thermometer market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the infrared thermometer market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the infrared thermometer market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the infrared thermometer market?
• What is the breakup of the market based on the end use industry?
• Which is the most attractive end use industry in the infrared thermometer market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global infrared thermometer market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the infrared thermometer market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global infrared thermometer market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the infrared thermometer industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.