South America Thermal Scanners Market Share and Forecast by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027South America Thermal Scanners Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Handheld and Fixed), Wavelength (Short-Wave Infrared, Mid-Wave Infrared, and Long-Wave Infrared), and End-Use (Industrial, Aerospace & Defense, Automotive, Oil & Gas, and Others)
- Report Date : Sep 2020
- Report Code : TIPRE00014312
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 88
The thermal scanners market in SAM is expected to grow from US$ 186.86 million in 2019 to US$ 277.02 million by 2027; it is estimated to grow at a CAGR of 5.2% from 2020 to 2027.
Brazil and Argentina are major economies in SAM. Rise in adoption of thermal scanners in the automotive industry has gained momentum over the past few months. The adoption of thermal scanners has been increasing in the automotive sector. Earlier, the use of the technology was limited to high-end automotive models due to these devices' high cost. The risk-associated factors such as glare, darkness, and animal crossing, especially during night, can be reduced with thermal cameras' help, thereby increasing overall road safety by keeping drivers alarmed while driving. These cameras can be easily integrated with existing infotainment systems. The thermal imaging technology is also expected to gain momentum in road safety and railroad applications in the coming years. Further, various automotive companies follow organic and inorganic growth strategies to establish themselves in the competitive market. Veneer, an automotive supplier, collaborated with FLIR Systems in November 2019. Following this collaboration, the former company would use the thermal sensing technology provided by them later to produce level-four autonomous vehicles (AV). Thus, with the increasing adoption of thermal scanners in the automotive industry, the market is likely to grow at a robust pace during the forecast period. Thus, the growth in the rise in adoption of thermal scanners in automotive industry is expected to create a significant demand for thermal scanners in the coming years, which is further anticipated to drive the market in SAM.As the lockdown restrictions are getting comfortable, the business units, companies, and commercial areas such as airports are reopening. Due to this lockdown reopening, the risk to the workforce of contacting with the disease is high. Therefore, companies such as Robert Bosch GmbH, FLIR Systems, Inc.; and AMETEK Inc. are some of the prominent players taking active participation in developing thermal scanners for COVID-19. On the contrary, during the first quarter, the use of thermal scanners was limited as manufacturing units and companies were shut down; however, with technological innovations and ease in lockdown situations, the use of thermal scanners is rising across the SAM region. The COVID-19 pandemic situation has created a demand for advanced facial recognition solutions, ensuring minimal human interference. Amid pandemic situation, different airports throughout the SAM region are placing orders for thermal scanners for passenger screening. Increasing demand for passenger screening at airports and other public places is anticipated to positively impact the adoption of thermal scanners.
With the new features and technologies coming in SAM thermal scanners market, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM thermal scanners market. The SAM thermal scanners market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Thermal Scanners Market Segmentation
SAM Thermal Scanners Market – By Type
- Handheld
- Fixed
SAM Thermal Scanners Market – By Wavelength
- Short-wave Infrared
- Mid-wave Infrared
- Long-wave Infrared
SAM Thermal Scanners Market – By End-Use
- Industrial
- Aerospace & Defense
- Automotive
- Oil & Gas
- Others
SAM Thermal Scanners Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM Thermal Scanners Market – Company Profiles
- FLIR Systems, Inc.
- AMETEK Inc.
- Robert Bosch GmbH
- 3M
- Leonardo
South America Thermal Scanners Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 186.86 Million |
| Market Size by 2027 | US$ 277.02 Million |
| Global CAGR (2020 - 2027) | 5.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - South America Thermal Scanners Market
- FLIR Systems, Inc.
- AMETEK Inc.
- Robert Bosch GmbH
- 3M
- Leonardo
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