Global Infrared (IR) Thermometer Market to Surpass US$ 18.20 Billion by 2027, Says Coherent Market Insights (CMI)

According to Coherent Market Insights, the global infrared thermometer market is estimated to be valued at US$ 11.43 billion in 2020 and is expected to exhibit a CAGR of 7.1% during the forecast period (2020-2027).

Key Trends and Analysis:

On May 19, 2020, Aratek Innovation Private Limited launched BA8200-T fever detection & facial recognition terminal. This device works in two ways, i.e. it works as a facial recognizer as well as a fever detector. This device is more of a hygienic mode of recording fever among the patients. The BA8200-T is equipped with a proprietary infrared thermometer and compensation modules, which allows the device to record highly-accurate body temperature measurement for real-time fever screening even if the person is wearing mask. The device can be used in offices, hospitals, malls, etc. for tracking the people suffering from fever during this Covid – 19 pandemic situation.

Companies are focused on launching products, which are easier to handle and more efficient. Such advancements in the products are expected to drive the global infrared thermometer market growth over the forecast period. For instance, on February 12, 2020, Xiaomi Corporation launched Bencom Infrared thermometer, which can take the reading within one second. This device consists of a detector called a thermopile, which converts infrared radiation into heat and then the heat is converted into electricity, which displays the temperature readings on the screen. This device can record readings from a distance of 5 cm, which helps in avoiding the spread of infectious diseases among the people. Apart from body temperature, it can also be used for measuring the temperature of food items and others.

Increasing product launches at affordable price is expected to drive the global infrared thermometer market growth over the forecast period. For instance, on June 18, 2020, DetelPro launched an infrared thermometer DT09, under the ‘Make in India’ campaign. This product is considered to be very economical, as it costs around US$ 13.3705 with two years warranty. The affordable price of this product will make the infrared thermometer available to all the people during this Covid -19 pandemic situation. DetelPro's DT09 is made under compliance of CE, FDA, WHO, GMP, ISO 9001:2015, and ISO 13485:2016. The DetelPro infrared thermometer is available in online as well as offline stores.

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Key Market Takeaways:

The global infrared thermometer market is expected to exhibit a CAGR of 7.1% during the forecast period (2020-2027), owing to the increasing product launches as well as increasing demand for infrared thermometers for overcoming the Covid-19 pandemic, worldwide. For instance, on May 2, 2020, Glen India introduced a non – contact forehead infrared thermometer. This infrared thermometer can be used for recording the temperature of people at airports, offices, stores, and even in residential areas by guards/officials wearing masks. Apart from checking temperature of the human body, it can also be used to detect food and air temperature.

Competitive Landscape:

Exergen Corporation., Ra Lifecare Pvt Ltd., OMRON Corporation, OMEGA Engineering inc., Morepen laboratories Limited, AMETEK Land (Land Instruments International), CP PLUS International, MGL Euman, Fluke Corporation, and SG Corporate Mobility Pvt Ltd.

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Market Segmentation:

• Global Infrared Thermometer Market, By Technology:
  • Handheld Infrared Thermometer
  • Fixed Mount Infrared Thermometer
  • Pocket Infrared Thermometer
  • Others

• Global Infrared Thermometer Market, By End User:
  • Diagnostic Clinics
  • Hospitals
  • Research Organization
  • Others

• Global Infrared Thermometer Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Australia
    • India
    • China
    • Japan
    • ASEAN
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • Central Africa
    • North Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

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