Handheld Thermal Imaging Equipment Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Handheld Thermal Imaging Equipment Market in 2021

According to the latest data, the market size of the handheld thermal imaging equipment market in 2021 was valued at USD 2.5 billion. The compound annual growth rate (CAGR) for the same period was recorded at 6.8%, indicating a steady increase in demand for these devices.

COVID-19 Impact on Handheld Thermal Imaging Equipment Market

The COVID-19 pandemic had a significant impact on the handheld thermal imaging equipment market. With the need for non-contact temperature measurement becoming crucial in containing the spread of the virus, the demand for thermal imaging devices soared. This led to a surge in sales and adoption of handheld thermal imaging equipment across various industries, including healthcare, manufacturing, and transportation.

Handheld Thermal Imaging Equipment Dynamics

The handheld thermal imaging equipment market is driven by factors such as increasing awareness about the benefits of thermal imaging technology, growing need for predictive maintenance in industries, and rising demand for security and surveillance applications. Additionally, advancements in sensor technology and the development of compact and portable thermal imaging devices have further fueled the market growth.

Segments and Related Analysis

By Product Type

The handheld thermal imaging equipment market can be segmented based on product type into infrared cameras, thermal scopes, and thermal monoculars. Infrared cameras are expected to dominate the market due to their wide application in various industries for temperature measurement and detection purposes.

By Application

On the basis of application, the market is segmented into healthcare, automotive, aerospace, industrial, and others. The healthcare sector is anticipated to witness significant growth, driven by the need for accurate body temperature screening and monitoring in hospitals and public places.

By Region Analysis

The handheld thermal imaging equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America holds the largest market share, attributed to the presence of key market players, technological advancements, and widespread adoption of thermal imaging technology in various sectors.

Key Market Players and Competitive Landscape

Some of the key players in the handheld thermal imaging equipment market include FLIR Systems, Inc., Fluke Corporation, Testo SE & Co. KGaA, Seek Thermal, ULIS, and Opgal Optronic Industries Ltd. These companies are focusing on product innovation, strategic collaborations, and mergers to strengthen their market presence and gain a competitive edge in the industry.

Recent Happenings in the Handheld Thermal Imaging Equipment Market

Recent developments in the market include the launch of advanced thermal imaging devices with higher resolution and improved accuracy, partnerships between thermal camera manufacturers and software developers to enhance data analysis capabilities, and the introduction of AI-powered thermal imaging systems for predictive maintenance and anomaly detection.