The Global Thermal Scanners market accounted for $3.47 billion in 2018 and is expected to reach $7.93 billion by 2027, growing at a CAGR of 9.6% during the forecast period.
Some of the key factors such as rising defense expenditure and technological advancements are driving the market growth in the forecast period. However, restrictions imposed on the export of thermal imaging products is the limiting factor for the growth of the market.
By technology, the uncooled segment is likely to grow at a significant market share during the forecast period as it has wide applications in a variety of end user industries owing to their ability to function in all types of climate. On the basis of geography, Europe is anticipated to hold considerable market share due to the presence of a number of key players in the region who actively engage in developing innovative products.
Some of the key players in Thermal Scanners Market include AMETEK Land, Axis Communications Ab, COX, C-THERMAL, FLIR Systems, Inc, Fluke Corporation, HGH Infrared Systems, Infratec GmbH, L3HARRIS TECHNOLOGIES, Inc, Leonardo S.P.A., Opgal, Optotherm, Inc., Thermoteknix Systems Ltd., Tonbo Imaging and Xenics.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2017, 2018, 2019, 2023 and 2027