The Infrared Thermometer Market Report Share is estimated to be USD 2.3 billion in 2020 and expected to reach USD 3.6 billion by 2025, at a CAGR of 9.2% from 2020 to 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.
Increasing number of COVID-19 cases
COVID-19 is thought to spread mainly through close contact from person to person, including between people who are physically near each other (within 6 feet). People who are infected but do not show symptoms can also spread the virus to others. Cases of reinfection with COVID-19 has also been reported, though such cases are rare. Infrared thermometers can measure thermal radiation (infrared) emitted from the ear and forehead to infer body temperature. For in-ear thermometers, a new ear-probe jacket should be used for each person, and the ear canal must be pulled straight when measuring. Forehead thermometers are used for screening instead of diagnostic purposes. Thus, in most public places, there has been a significant rise in the use of infrared thermometers in residential and commercial end uses. It is expected that with the rise in the number of COVID-19 cases, there will be a significant increase in the use of infrared thermometers in residential and public areas, such as airports, stadiums, malls, and banking and financial institutions.
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Based on Types, the portable segment of the Infrared Thermometers Market is projected to grow at the highest CAGR from 2020 and 2025.
Based on Types, the portable segment is expected to grow at the fastest rate in the Infrared Thermometer Market. One factor for the high adoption of portable infrared thermometers is their use in industrial and commercial end uses. Handheld infrared thermometers are noncontact, inexpensive, easy to use devices that help in rapid temperature measurement. Due to COVID-19, handheld infrared thermometers are being widely used for temperature screening at various commercial places, as high body temperature is one of the symptoms of COVID-19.
Based on Components, the optical components segment of the Infrared Thermometers Market is projected to grow at the highest CAGR from 2020 and 2025.
By Component, the optical components segment is expected to grow at the highest rate in the Infrared Thermometer Market. Optical components, including detectors, are used to detect the reflected infrared energy, focus the radiation energy onto the IR detector, and filter out radiation outside the desired wavelength band.
Based on Application, the medical segment of the Infrared Thermometers Market is projected to grow at the highest CAGR from 2020 and 2025.
By Application, the medical segment is expected to grow at the highest rate in the Infrared Thermometer Market. The major factors for the growth of the medical application are the lower cost, higher accuracy, and rising adoption of infrared thermometers for temperature screening due to COVID-19. The handheld medical thermometers are expected to be widely adopted in the commercial end use segment. On the other hand, non-medical infrared thermometers are mainly used in the industrial end use segment.
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Based on End-Use, the commercial segment of the Infrared Thermometers Market is projected to grow at the highest CAGR from 2020 and 2025.
By end-use, the commercial segment is expected to grow at the highest rate in the infrared thermometer market. The commercial segment is expected to grow primarily due to the significant adoption in commercial segments such as hospitals and healthcare facilities, banks and financial institutions, retail, government, and hospitality sectors.
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