Asia-Pacific Infrared Thermometer Market, By Type (Fixed Infrared Thermometer, Portable Infrared Thermometer); By Component (Display & Control Units, Electronics, Optical Components); By Application (Non-medical, Medical); By End User (Industrial, Commercial, Residential); By Country (China, Japan, India, South Korea, Singapore, Malaysia, Australia, Indonesia, Vietnam, Philippines, Rest of Asia Pacific), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Asia-Pacific Infrared Thermometer Market Expand at CAGR of 8.7% During 2023–2029
Asia-Pacific infrared thermometer market is flourishing because of a surging demand for the product to treat increasing number of people affected by coronavirus infection and high adoption of infrared thermometers across manufacturing and construction applications.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Asia-Pacific infrared thermometer market size to grow at a CAGR of 8.7%% during the forecast period between 2023 and 2029. Major factors for the expansion of Asia-Pacific infrared thermometer market include the global pandemic outbreak and an increase in the use of infrared thermometers for detecting contagious disease. The rising infrared thermometer production, particularly in China, and rising government expenditure in the healthcare sector are helping the growth of the Asia-Pacific Infrared thermometer market. Increasing demand for better temperature measurement equipment in the food & beverage, electronics, and healthcare industries will drive infrared thermometer sales. As a result of the increased risk of disease transmission, particularly during pandemic outbreaks, governments and businesses have made temperature screening obligatory. This is fueling the growth of the infrared thermometer market. Infrared thermometers, such as tympanic thermometers, are widely used to determine patients' body temperatures in cases of fever and other disorders. Also, increasing adoption of infrared thermometers in the agriculture industry, as well as expanding automation penetration and growing use of infrared thermometer in predictive maintenance, are expected to fuel the expansion of infrared thermometer market across Asia Pacific during the forecast period. However, accuracy issues with infrared thermometers is anticipated to impede the growth of Asia-Pacific Infrared thermometer market.
Asia-Pacific Infrared Thermometer Market – Overview
Infrared thermometers are extremely efficient, accurate, and dependable, they are widely used in industry. Several market players attempt to deliver industry-specific solutions. Furthermore, IR in-built thermometers are widely used in automation and predictive maintenance requirements since temperature is one of the most important criteria in maintenance and routine inspection of tools used in the manufacturing business. In Taiwan, an improved and smart infrared thermometer was developed in conjunction with artificial intelligence (AI) to reduce false readings. The incorporation of AI allows the device to monitor temperatures simply by detecting people's faces. This contributes to a reduction in errors caused by interference from radiation released by things held in the hand of a person being watched. DeltaTrak's creation of a non-contact forehead infrared thermometer is seen as another notable innovation. This latest innovation is expected to play a significant role in resolving the restrictions caused by the spread of the coronavirus.
Asia-Pacific Infrared Thermometer Market – By Application
Based on application, Asia-Pacific infrared thermometer market is bifurcated into Non-medical and Medical. The medical segment is expected to dominate the market due to rising medical tourism, increased demand for high-quality medical devices and healthcare services in hospitals, and increased knowledge about virus prevention. Aside from that, infrared thermometers are employed in laparoscopic surgery to identify blood vessels and to analyze physiological functions connected to body temperature. The infrared thermometer is widely used because it improves access control and identification, and it can monitor ear, forehead, or skin temperature without any touch. The Covid-19 has significantly increased the demand for this contactless thermometer in the medical sector.
Impact of COVID -19 on Asia-Pacific Infrared Thermometer Market
COVID-19 had a positive impact on Asia-Pacific infrared thermometer market. The pandemic has increased demand for a variety of medical gadgets, including nebulizers, blood pressure monitoring devices, medical ventilators, and infrared thermometers. Temperature monitoring has become a crucial component in public locations, including shopping malls, airports, companies, and schools, in an effort to manage the highly contagious illness, increasing demand for infrared thermometers.
Major players operating in Asia-Pacific infrared thermometer market 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics Asia-Pacific Infrared Thermometer Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific Infrared Thermometer Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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