Market Size of Infrared Thermometer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Infrared Thermometer Market Analysis
The Infrared Thermometer Market will register a CAGR of 9.2% over the forecast period. An infrared thermometer is a device for measuring temperature that uses an infrared sensor to translate infrared signals into electrical signals and show the results in temperature units.
- The primary reasons anticipated to drive the market are an increase in the prevalence of infectious diseases and other medical problems, including malaria and dengue, as well as growing public awareness of the significance of body temperature monitoring.
- In addition, as the temperature is one of the essential factors in the maintenance and regular inspection of equipment used in the manufacturing business, IR-based thermometers are becoming an ever-increasing part of the worldwide automation and predictive maintenance demand.
- Moreover, increased automation, growing infrared thermometer usage in predictive maintenance, and growing acceptance of infrared thermometers in agriculture would open up profitable growth opportunities.
- The price of infrared thermometers and their low market penetration in various developing and underdeveloped countries are some factors limiting the growth of the infrared thermometer market.
- The COVID-19 pandemic, which forced all governments to impose strict lockdowns, negatively impacted the market's expansion. However, the infrared thermometer market is predicted to rebound after the pandemic because of its expansion into more varied and creative application fields, including medical, industrial, and others.
