Asia Pacific Infrared Thermometer Market By Type (Fixed Infrared Thermometer and Portable Infrared Thermometer), By Component (Display & Control Units, Electronics, Optical Components and Others), By Application (Non-medical and Medical), By End User (Industrial, Commercial and Residential), By Country, Industry Analysis and Forecast, 2020 - 2026
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Infrared Thermometer Market
The Asia Pacific Infrared Thermometer Market would witness market growth of 7.9% CAGR during the forecast period (2020-2026). An advanced & smart infrared thermometer was created in Taiwan combined with artificial intelligence (AI) to cut down the inaccurate readings.
The integration of AI allows the device to monitor temperatures just by detecting the faces of people. This helps in decreasing the errors due to interference from radiation emitted by objects held in the hand of a person who is being monitored. The introduction of a non-contact forehead infrared thermometer created by DeltaTrak is considered as another remarkable innovation. This latest innovation is anticipated to play a major role in addressing the limitations emerging from the spread of the coronavirus.
Devices that are approved by The FDA offer immediate temperature monitoring with zero physical contact with the person being monitored. The innovative COVID-19 risk prevention solution is mainly manufactured with an aim to decrease cross-contamination & enhance safety while performing day-to-day preventive protection processes in companies that have a huge workforce.
As infrared thermometers are highly effective, accurate, & reliable, and hence find high adoption for industrial usage. Several providers in the market aim to provide solutions particular to industries. Along with this, the IR in-built thermometers are highly utilized in automation & predictive maintenance demand because the temperature is one of the vital parameters in maintenance & routine check of tools utilized in the manufacturing industry.
The China market dominated the Asia Pacific Medical Infrared Thermometer Market by Country 2019, and would continue to be a dominant market till 2026. The Japan market is showcasing a CAGR of 8.8% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 10.1% during (2020 - 2026).
The Industrial market dominated the Malaysia Infrared Thermometer Market by End-use 2019, thereby, achieving a market value of $50.6 million by 2026. The Commercial market is experiencing a CAGR of 12% during (2020 - 2026). The Residential market is estimated to grow at a CAGR of 14.6% during (2020 - 2026).
Based on Type, the market is segmented into Fixed Infrared Thermometer and Portable Infrared Thermometer. Based on Component, the market is segmented into Display & Control Units, Electronics, Optical Components and Others. Based on Application, the market is segmented into Non-medical and Medical. Based on End User, the market is segmented into Industrial, Commercial and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fortive Corporation (Fluke Corporation), Spectris PLC (Omega Engineering), Omron Corporation, Hill-Rom Holdings, Inc., Robert Bosch GmbH, Horiba Ltd., Emerson Electric Co., Chino Corporation, Microlife Corporation (Midas Company Limited), and Optris GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Fixed Infrared Thermometer
- Portable Infrared Thermometer
- Display & Control Units
- Optical Components
By End User
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Fortive Corporation (Fluke Corporation)
- Spectris PLC (Omega Engineering)
- Omron Corporation
- Hill-Rom Holdings, Inc.
- Robert Bosch GmbH
- Horiba Ltd.
- Emerson Electric Co.
- Chino Corporation
- Microlife Corporation (Midas Company Limited)
- Optris GmbH
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