Thermal Scanners Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0212739
  • Format: Electronic (PDF)
  • Number of Pages: 177
  • Author(s): Joshi, Madhavi

Report Overview

The Thermal Scanners Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 6.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of -3.80% during the forecast period (2024-2030).

Thermal Scanners Market

(Market Size)
$8.5 billion
$6.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) -3.80%
2023 Market Size USD 8.5 billion
2030 Market Size USD 6.5 billion
Key Players FLIR Systems, Seek Thermal, Axis Communications, Bosch, Hikvision

Market Summary

The thermal scanners market is a critical segment within the semiconductor and electronics industry, focusing on devices that detect and measure infrared radiation to produce images based on temperature differences. These scanners are widely utilized across various sectors due to their non-contact temperature measurement capabilities, which enhance safety, efficiency, and operational monitoring. The market has experienced notable growth, driven by advancements in infrared sensor technology, increasing adoption in industrial automation, and rising demand for security and surveillance solutions. Key applications include predictive maintenance, healthcare screening, building diagnostics, and law enforcement. The integration of artificial intelligence and machine learning has further augmented the functionality of thermal scanners, enabling more precise analytics and automation. Companies operating in this space are continuously innovating to offer products with higher resolution, better accuracy, and enhanced connectivity features. The competitive landscape is characterized by the presence of both established players and emerging innovators, all striving to capture market share through technological differentiation and strategic partnerships. As industries increasingly prioritize non-destructive testing and remote monitoring, the thermal scanners market is poised for sustained expansion, supported by ongoing research and development efforts aimed at broadening application scope and improving cost-effectiveness.

Key Highlights

The thermal scanners market is distinguished by several key highlights that underscore its significance and trajectory. One prominent aspect is the rapid technological evolution, particularly in uncooled infrared detectors, which have become more affordable and efficient, democratizing access across small and medium enterprises. Another highlight is the heightened demand from the healthcare sector, where thermal scanners gained immense prominence for fever screening during health crises, illustrating their critical role in public health safety. Additionally, the industrial segment continues to be a major adopter, leveraging these devices for condition monitoring and energy auditing to prevent equipment failures and optimize resource usage. The market also sees increasing integration with Internet of Things platforms, enabling real-time data analytics and remote operation, which enhances operational intelligence for businesses. Regulatory standards and certifications, such as those pertaining to accuracy and safety, play a pivotal role in product development and market acceptance, driving manufacturers to adhere to stringent quality norms. Furthermore, the expansion into emerging applications, like automotive night vision and consumer electronics, indicates the versatility and growing penetration of thermal imaging technology. These highlights collectively reflect a dynamic market environment where innovation, application diversity, and cross-industry adoption are central to growth and competitiveness.

Drivers, Opportunities & Restraints

The thermal scanners market is influenced by a combination of drivers, opportunities, and restraints that shape its development. Key drivers include the increasing emphasis on safety and security across industries, which boosts demand for surveillance and screening solutions. Technological advancements in semiconductor materials, such as the use of vanadium oxide and amorphous silicon, have enhanced sensor performance while reducing costs, making thermal scanners more accessible. The growing adoption of automation and smart technologies in manufacturing and infrastructure projects further propels market growth, as these systems rely on accurate thermal data for predictive maintenance and process control. Opportunities abound in expanding applications, such as in the automotive sector for advanced driver-assistance systems and in consumer gadgets like smartphones with thermal imaging capabilities. The rise of smart cities and integrated security networks also presents significant growth prospects, fostering demand for sophisticated thermal scanning solutions. However, the market faces restraints including high initial costs for high-resolution systems, which can limit adoption in cost-sensitive segments. Technical challenges related to environmental factors, such as humidity and obstructions, can affect accuracy and reliability. Additionally, regulatory hurdles and standardization issues across different regions may impede market uniformity and expansion. Balancing these factors is crucial for stakeholders to navigate the market effectively and capitalize on emerging trends.

Concentration Insights

The thermal scanners market exhibits a concentrated competitive landscape with a mix of global leaders and niche players dominating various segments. Major companies such as FLIR Systems, now part of Teledyne Technologies, hold significant market share due to their extensive product portfolios and strong research and development capabilities. Other key players include Seek Thermal, Axis Communications, and Bosch Security Systems, each specializing in different applications like consumer thermal imaging or integrated security solutions. The market concentration is particularly high in high-end, technologically advanced products, where barriers to entry are substantial due to the need for specialized expertise and intellectual property. However, there is also a growing presence of smaller firms and startups focusing on innovative applications or cost-effective solutions, which adds diversity to the competitive environment. Geographically, North America and Europe are hubs for leading manufacturers, driven by robust technological infrastructure and high adoption rates in defense and industrial sectors. In contrast, the Asia-Pacific region is emerging as a focal point for manufacturing and consumption, with companies expanding their footprint to tap into growing demand. This concentration dynamics encourage continuous innovation and strategic collaborations, as players aim to strengthen their market position through mergers, acquisitions, and partnerships that enhance technological capabilities and geographic reach.

Type Insights

Thermal scanners can be categorized based on technology type, with cooled and uncooled infrared detectors being the primary classifications. Cooled thermal scanners utilize detectors that are cryogenically cooled to very low temperatures, enabling extremely high sensitivity and resolution, making them ideal for advanced applications such as military targeting, scientific research, and high-precision industrial inspection. These systems are typically more expensive and require maintenance due to the cooling mechanisms involved. Uncooled thermal scanners, on the other hand, operate at ambient temperatures and are based on microbolometer technology, which detects temperature changes without cooling. This type is more cost-effective, compact, and suitable for widespread use in commercial, industrial, and consumer applications, including building diagnostics, security surveillance, and healthcare screening. Within these categories, variations exist in terms of wavelength ranges, with mid-wave infrared and long-wave infrared scanners catering to different detection needs based on environmental conditions and target materials. The choice between types depends on factors such as required accuracy, budget constraints, and operational environment, driving manufacturers to offer a spectrum of products to meet diverse customer requirements. Ongoing advancements are blurring the lines between these types, with uncooled scanners increasingly achieving performance levels close to cooled systems, thereby expanding their applicability across more demanding sectors.

Application Insights

Thermal scanners find applications across a multitude of industries, each leveraging the technology for specific purposes. In industrial settings, they are extensively used for predictive maintenance, allowing businesses to monitor machinery and electrical systems for overheating components that could indicate impending failures, thus reducing downtime and maintenance costs. The building and construction sector employs thermal scanners for energy auditing and insulation checks, identifying heat leaks and improving energy efficiency in structures. In healthcare, these devices have become invaluable for non-invasive fever screening and diagnostic imaging, particularly in contexts requiring rapid mass screenings. Security and surveillance represent another major application area, where thermal scanners enhance night vision and detection capabilities for border control, law enforcement, and critical infrastructure protection. The automotive industry integrates thermal imaging into advanced driver-assistance systems to improve night driving safety by detecting pedestrians and animals beyond the range of headlights. Additionally, emerging applications in consumer electronics, such as smartphones and home automation systems, are opening new avenues for personal use and convenience. Each application demands specific features from thermal scanners, such as resolution, portability, or integration capabilities, driving tailored product development and innovation to address unique industry needs effectively.

Regional Insights

The thermal scanners market demonstrates distinct regional dynamics influenced by economic conditions, technological adoption, and industry demands. North America is a prominent region, characterized by high investment in defense and security applications, advanced healthcare infrastructure, and strong presence of key market players, fostering significant demand for high-end thermal imaging solutions. Europe follows closely, with stringent regulations regarding energy efficiency and safety driving adoption in industrial and building sectors, alongside robust automotive and manufacturing industries incorporating thermal technology for quality control and automation. The Asia-Pacific region is experiencing rapid growth, fueled by expanding industrialization, increasing security concerns, and rising healthcare expenditures, particularly in countries like China, Japan, and India, where government initiatives and urbanization projects boost market penetration. Latin America and the Middle East & Africa are emerging markets, with growth driven by infrastructure development, oil and gas operations, and increasing awareness of thermal scanning benefits, though adoption may be slower due to economic variability and limited technical expertise. Each region presents unique opportunities and challenges, prompting companies to adapt their strategies through localized product offerings, partnerships, and distribution networks to effectively cater to regional needs and capitalize on growth potentials.

Company Insights

The thermal scanners market features a competitive array of companies ranging from established giants to innovative specialists. FLIR Systems, now part of Teledyne Technologies, is a leader with a comprehensive portfolio spanning military, industrial, and commercial applications, known for its advanced sensor technology and global reach. Seek Thermal has made significant strides in the consumer and prosumer segments, offering affordable thermal imaging accessories for smartphones and compact cameras, democratizing access to thermal technology. Axis Communications focuses on integrating thermal cameras into network video solutions for security and surveillance, emphasizing analytics and connectivity. Bosch Security Systems provides thermal imaging products tailored for safety and automation applications, leveraging its expertise in smart building technologies. Other notable players include Opgal, which specializes in industrial and medical thermal imaging, and Hikvision, a major player in security solutions expanding into thermal products. These companies compete on factors such as product innovation, price, reliability, and after-sales support, with ongoing investments in research and development to enhance features like resolution, range, and AI integration. Strategic initiatives often include mergers, acquisitions, and collaborations to broaden technological capabilities and market presence, ensuring they remain competitive in an evolving landscape where customer demands for efficiency and functionality continue to rise.

Recent Developments

Recent developments in the thermal scanners market highlight ongoing innovation and strategic movements aimed at enhancing product offerings and market positioning. There has been a surge in the integration of artificial intelligence and machine learning algorithms into thermal imaging systems, enabling automated anomaly detection, predictive analytics, and enhanced image processing for more accurate interpretations. Companies are also focusing on miniaturization and portability, developing handheld and smartphone-compatible thermal scanners that cater to field applications and consumer use, thus expanding market accessibility. Another significant trend is the increased emphasis on multispectral imaging, combining thermal with visible light or other sensors to provide comprehensive data for complex environments like autonomous vehicles or advanced surveillance. Strategic acquisitions and partnerships have been prevalent, such as larger firms acquiring specialized startups to gain access to novel technologies or enter new application segments. Additionally, advancements in materials science have led to improvements in detector sensitivity and durability, reducing costs and extending product lifespans. Regulatory approvals and certifications for new applications, particularly in healthcare and automotive safety, have also been key developments, facilitating broader adoption and compliance with international standards. These innovations collectively drive the market forward, addressing evolving customer needs and opening new opportunities for growth and differentiation.

Report Segmentation

The thermal scanners market report is segmented to provide detailed insights into various aspects influencing the industry. Segmentation typically includes by type, distinguishing between cooled and uncooled thermal scanners, which cater to different performance and cost requirements. Application-based segmentation covers areas such as industrial maintenance, healthcare screening, security and surveillance, building diagnostics, automotive systems, and consumer electronics, each with specific demand drivers and growth patterns. Geographical segmentation breaks down the market into regions like North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, analyzing regional trends, adoption rates, and competitive landscapes. Additional segmentation may consider technology aspects, such as wavelength ranges or resolution capabilities, and end-user industries, including government and defense, commercial, industrial, and residential sectors. This structured approach allows for a comprehensive analysis of market dynamics, helping stakeholders identify opportunities, assess risks, and make informed decisions based on granular data and trends specific to each segment. The segmentation ensures that the report addresses the diverse needs of businesses, investors, and policymakers by providing targeted insights that reflect the multifaceted nature of the thermal scanners market.

FAQs

What are thermal scanners used for? Thermal scanners are used for detecting and measuring infrared radiation to create images based on temperature differences, with applications in industrial maintenance, healthcare screening, security surveillance, building diagnostics, and automotive safety systems, among others.

How do thermal scanners work? Thermal scanners work by capturing infrared radiation emitted by objects and converting it into an electronic signal, which is then processed to produce a thermal image or temperature reading, allowing users to visualize heat patterns without physical contact.

What is the difference between cooled and uncooled thermal scanners? Cooled thermal scanners use cryogenic cooling for high sensitivity and are suited for precision applications like military or research, while uncooled scanners operate at ambient temperatures, are more affordable, and are used in commercial, industrial, and consumer applications.

Are thermal scanners safe for human use? Yes, thermal scanners are safe for human use as they passively detect infrared radiation without emitting any harmful rays, making them non-invasive and widely used in healthcare for fever screening and other diagnostic purposes.

Can thermal scanners see through walls? No, thermal scanners cannot see through walls; they detect surface temperatures and may identify heat patterns on surfaces, but solid barriers like walls block infrared radiation, limiting their penetration capability.

What industries benefit most from thermal scanners? Industries such as manufacturing, healthcare, security, automotive, construction, and energy benefit significantly from thermal scanners due to their applications in predictive maintenance, safety screening, surveillance, and efficiency improvements.

Citius Research has developed a research report titled “Thermal Scanners Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Thermal Scanners Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Thermal Scanners Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Thermal Scanners Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Thermal Scanners Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Thermal Scanners Market
• Research Methodology
• Executive Summary
• Market Dynamics of Thermal Scanners Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Thermal Scanners Market
• Cost and Gross Margin Analysis of Thermal Scanners Market
• Thermal Scanners Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Thermal Scanners Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Thermal Scanners Market Key Stakeholders

Below are the key stakeholders for the Thermal Scanners Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Thermal Scanners Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Thermal Scanners Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Thermal Scanners Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Thermal Scanners Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Thermal Scanners Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Thermal Scanners Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Thermal Scanners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Thermal Scanners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Thermal Scanners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Thermal Scanners Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Thermal Scanners Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Thermal Scanners Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Thermal Scanners Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Thermal Scanners Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Thermal Scanners Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Thermal Scanners Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Thermal Scanners Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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