Sales of temperature detection screens will surpass the valuation of US$ 1 Bn in 2021, as per the forecast of a new Future Market Insights (FMI) study. With an impressive projected growth outlook during 2020 – 2030, global temperature detection screen market is most likely to be receiving tailwinds from the current coronavirus crisis.
Key Market Dynamics
Thermal imaging technique is being continuously researched and is one of the key diagnostic technologies incorporated for industrial applications. Such temperature detection screens are playing a major role in the manufacturing industry for detecting faults and anomalies that are otherwise invisible to the naked eye. These benefits are creating potential growth opportunities for the temperature detection screen market.
Furthermore, fusion of intelligent robotics and automation tools with temperature detection screens and thermal imaging equipment helps discover anomaly hot-spots and determine the maintenance strategy. Various industries across the globe have discovered the benefits of incorporating temperature detection screens and related equipment, which is in turn driving the growth of temperature detection screen market.
With continuous innovations in infrared imaging, low-cost infrared imaging devices and temperature detection screens are being deployed for application in military surveillance, reconnaissance, and guidance. Rising demand for surveillance and security applications in public and private spaces is bolstering the adoption of thermal cameras and scanners. This is expected to create the potential growth opportunities for the temperature detection screen market.
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Key Takeaways of Temperature Detection Screen Market Study
- Temperature detection screen market in Europe is expected to hold leading revenue by the end of the forecast period.
- The healthcare, and government and law enforcement industries are estimated to be primary end users in the global temperature detection screen market.
- Portable/handheld temperature detection screens are likely to register a higher adoption rate compared to their fixed/mounted variants.
- Infrared thermal scanning cameras are highly expensive and are estimated to witness a lower rate of adoption as compared to contactless temperature detectors.
COVID-19 Pandemic Impact Analysis
The healthcare industry is witnessing considerable upsurge in demand for contactless thermal scanners and temperature detectors. Such temperature detective screens are playing a crucial role on a global scale amidst the ongoing COVID-19 pandemic. The non-contact temperature screening feature helps screen patients while enabling healthcare professional and authorities avoid the contagion.
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As the number of COVID-19 infections continues to grow, the healthcare industry is focusing on procuring medical tools and equipment to monitor and contain the spread of COVID-19 virus. This demand for thermal scanners and temperature detection screens is increasing rapidly on a global level.
In terms of value, the temperature detection screen market in Europe is estimated to record the highest growth rate during the forecast period. Increasing COVID-19 infections in European countries like Spain, Italy, France and Germany are estimated to motivate the authorities to acquire efficient temperature detection screen solutions during the forecast period.
More Valuable Insights on Temperature Detection Screen Market
Future Market Insights offers an unbiased analysis of the global temperature detection screen market, providing historical data for 2014-2018 and forecast statistics from 2019-2029. To understand opportunities in the temperature detection screen market, the market is segmented on the basis of product, type, and end-use across six major regions.
About Technology Division at Future Market Insights
The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.