The scope of the report discusses the potential opportunities for the key players to enter the temperature detection screen market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.
The temperature detection screen market is segmented on the basis of platform, technology, application, industry vertical and region. On the basis of platform, it is segmented into handheld/portable and smart/fixed position. On the basis of technology, the market is segmented into non-contact infrared technology and thermal imaging systems. In terms of application, the market is segmented into living beings, equipment/machines and others. In terms of industry vertical, the market is segmented into healthcare and life sciences, residential and commercial buildings, military and defense, transportation and logistics, power generation, oil and gas, manufacturing, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key factors driving the growth of the temperature detection screen market include the growing use of temperature detection screens in the healthcare industry, extensive use of these screens in various industries, and ascending global automation and predictive maintenance analysis for routine checkup of equipment in manufacturing industries. Meanwhile, lack of awareness in emerging nations are expected to restrict the market.
The key players operating in the temperature detection screen market are 3M Company, FLIR Systems Inc., Leonardo S.p.A., L3Harris Technologies Inc., Axis Communications AB, Opgal Optronic Industries Ltd., AMETEK Land, Fluke Corporation, Terabee, and Vumii Imaging. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase their market share in the global temperature detection screen market during the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the temperature detection screen market analysis from 2021 to 2031 to identify the prevailing temperature detection screen market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the temperature detection screen market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global temperature detection screen market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Living Beings
- Equipment/Machines
- Others
By Platform
- Handheld/Portable
- Smart/Fixed Position
By Technology
- Non-Contact Infrared Technology
- Thermal Imaging Systems
By Industry Vertical
- Healthcare and Life Sciences
- Residential and Commercial Buildings
- Military and Defense
- Transportation and Logistics
- Power Generation
- Oil and Gas
- Manufacturing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- L3Harris Technologies Inc.
- Axis Communications AB
- Fluke Corporation
- Terabee
- 3M Company
- FLIR Systems Inc.
- Leonardo S.P.A.
- Opgal Optronic Industries Ltd.
- International Security and Trading Corporation
- AMETEK Land (Land Instruments International Ltd)
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Table of Contents
Executive Summary
According to the report titled, “Temperature Detection Screen Market," the temperature detection screen market was valued at $538.80 million in 2021, and is estimated to reach $1.5 billion by 2031, growing at a CAGR of 10.9% from 2022 to 2031.Temperature detection screens are equipments used to measure skin or surface temperatures in human beings, animals, equipments and machines. They are used in a variety of industries including healthcare and manufacturing, for safety purposes. They inform about problems in equipments as well as illness in humans and hence, are useful in stopping the spread of diseases as well as help in maintenance of equipment.
Key factors driving the growth of temperature detection screen market include growth in the sales of temperature detection screens in the healthcare industry. In humans, temperature distribution indicates many physiological issues. These functions related to skin temperature are examined using medical infrared thermography (MIT). Further, the temperature detection screens are used in many other industries. For instance, it is a very important equipment in the food and beverages industry, where it is used to check the correct temperature of end-products and raw materials. Lastly, temperature is a key measure in the maintenance of equipment used in the manufacturing industry, so IR-based thermometers are being used more on account-of the global automation and predictive maintenance demand. Meanwhile, the increasing adoption of digital infrastructure is a significant opportunity for companies in the market. Various countries and companies are adopting digital infrastructure at a rapid pace.
The temperature detection screen market is segmented on the basis of platform, technology, application, industry vertical and region. On the basis of platform, it is segmented into handheld/portable and smart/fixed position. Handheld temperature detection screen units are highly portable and use electromagnetic radiation to take non-contact surface temperature readings. They are especially useful in application areas that require quick spot temperature readings or where conventional temperature sensors are inconvenient to use. This has led to their extensive sales in the market. On the basis of technology, the market is segmented into non-contact infrared technology and thermal imaging systems. The specific benefits of using non-contact infrared technology (NCIT) include its ease of use, that it is easy to disinfect and clean, provides ability to retake temperature quickly, and its non-contact approach reduces the risk of spreading disease between people. As a result, this type of temperature detection screen has sold extensively in the market. In terms of application, the market is segmented into living beings, equipment/machines and others. Healthcare concerns such as the spread of COVID-19 and other diseases has driven the market for this particular segment. In terms of industry vertical, the market is segmented into healthcare and life sciences, residential and commercial buildings, military and defense, transportation and logistics, power generation, oil and gas, manufacturing, and others. Healthcare and life sciences segment dominates the market because of the rising number of medical conditions which necessitate reliable body temperature measurement to determine the required treatment for patients. In terms of region, the market is divided into North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The Asia-Pacific market is driven by the growing number of hospitals and clinics, especially in developing countries like China and India, as well as the growing demand to replace antiquated mercury thermometers with temperature detection screens. As a result, it has acquired a major share in the global temperature detection screen market.
The temperature detection screen market players profiled in the report include FLIR Systems Inc., 3M Company, Leonardo S.p.A., Axis Communications AB, L3Harris Technologies Inc., Opgal Optronic Industries Ltd., Fluke Corporation, AMETEK Land, Terabee, and Vumii Imaging. Market players have adopted various strategies, such as product launches, collaborations & partnerships, joint ventures, and acquisitions to expand their foothold in the temperature detection screen market.
Key Market Insights
- In 2021, the handheld/portable segment in the platform segmentation accounted for highest revenue and is expected to reach $884.11 million by 2031 at a CAGR of 9.71%, while the smart/fixed position segment is projected to expand at a faster CAGR of 12.76% during the forecast period.
- In 2021, the non-contact infrared technology (NCIT) segment in the technology segmentation accounted for maximum revenue and is likely to touch $955.24 million at 9.74% CAGR by 2031, while the thermal imaging systems segment is estimated to grow at a faster 13.14% CAGR during the forecast period.
- In 2021, the living beings segment under application segmentation was responsible for the most revenue and is expected to reach $854.85 million by 2031 at 9.4% CAGR, while the equipment/machines segment is estimated to rise at a faster CAGR of 13.38% in the forecast period.
- In 2021, the healthcare and life sciences segment in the industry vertical segmentation garnered the largest market share and is estimated to be at $239.79 million by 2031 at 7.14% CAGR, while the oil and gas segment is likely to witness a higher expansion rate of 19.38% during the forecast period.
- In 2021, Asia-Pacific contributed a significant share of the temperature detection screen market and is expected to touch $611.18 million at 12.91% CAGR, and it is also expected to expand at the fastest rate during the forecast years.
Companies Mentioned
- L3Harris Technologies Inc.
- Axis Communications AB
- Fluke Corporation
- Terabee
- 3M Company
- FLIR Systems Inc.
- Leonardo S.P.A.
- Opgal Optronic Industries Ltd.
- International Security and Trading Corporation
- AMETEK Land (Land Instruments International Ltd)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 463 |
Published | February 2023 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 538.8 million |
Forecasted Market Value ( USD | $ 1519.22 million |
Compound Annual Growth Rate | 10.9% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |