The scope of the infrared thermometer market encompasses a broad range of applications and industries, reflecting the versatile nature of these devices. In the healthcare sector, infrared thermometers have become indispensable tools for non-contact temperature measurement, playing a crucial role in early fever detection and monitoring. The industrial segment utilizes these thermometers for various purposes, including preventive maintenance, quality control, and safety protocols. In consumer electronics, the demand for infrared thermometers has surged, driven by the desire for convenient and efficient temperature measurement solutions. Moreover, the agriculture and food industries leverage these devices for temperature monitoring in production processes and storage facilities. The expanding scope of the infrared thermometer market is also attributed to the ongoing technological advancements, such as enhanced accuracy and connectivity features, further widening their applicability across diverse sectors. As a result, the market's scope is poised for continuous expansion, with opportunities for growth in both traditional and emerging industries.
Infrared Thermometer Market Segmentation:
There are two market segments based on application: medical and non-medical. The fastest CAGR of more than 13.2% is predicted to grow for product usage in medical applications during the projected period. Both population growth and an increase in the variety of fever-causing illnesses may result from this. Furthermore, it is anticipated that an increase in COVID-19 cases will fuel market growth. For example, as of February 25, 2022, 43,12,574 COVID-19 cases had been confirmed worldwide, according to the WHO. Furthermore, regulatory agencies worldwide, including the U.S. FDA, are endorsing the use of products to take a person's temperature. The increased demand for hospitals and clinics as a result is supporting the growth of the medical industry.
Non-contact handheld and fixed-mount thermometers have distinct market segments based on type. The handheld type category is anticipated to grow at the fastest rate during the forecast period, with a market share of more than 74.2% in 2022. It is expected that the segment will increase due to the rising rates of both acute illnesses and different infections that result in fever. For example, there are now more people suffering from yellow fever. The WHO estimates that typhoid fever affects 21 million people globally each year. In a similar vein, the CDC reports that 30,000 cases of yellow fever occur annually.
Considering the End-User, Between 2022 and 2030, the healthcare sector—which held the largest share of the economy at 42.2% in 2022—is expected to grow at the fastest rate. The rise in bakeries, cafes, take-out restaurants, and other end-use businesses worldwide has contributed to the expansion of the second-largest end-use sector, hospitality. For example, the UK's Office of National Statistics calculates that there are 125,400 restaurants, bakeries, and cafés nationwide.
In a similar vein, another source states that in India alone, there are 52,985 hotels, 6.9 million organized restaurants, and roughly 24.2 million unorganized restaurants. The infrared thermometer is experiencing rapid expansion in the automotive sector. For example, the European Automobile Manufacturers Association projects that the production of passenger cars in the European Union alone will reach 11.8 million in 2020. One of the standards these auto manufacturers use to guarantee the superior quality of their products is keeping an eye on the parts' temperatures. Non-contact infrared thermometers can be used to measure the temperature of such parts. These are employed in the processes of induction heating, welding, annealing, and forging.
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