Europe Thermal Scanners Market Size and Competitive Analysis by 2027

Europe 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 Code : TIPRE00014163
  • Category : Electronics and Semiconductor
  • No. of Pages : 96
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The thermal scanners market in Europe is expected to grow from US$ 1092.89 million in 2019 to US$ 2170.29 million by 2027, it is estimated to grow at a CAGR of 9.4% from 2020 to 2027.

France, Germany, Italy, Russia, and UK are major economies in Europe. 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 the high cost of these devices. The risk-associated factors such as glare, darkness, and animal crossing, especially during night, can be reduced with the help of thermal cameras, thereby increasing overall road safety by keeping drivers alarmed while driving. These cameras can be easily integrated with existing infotainment systems. And as the thermal scanner technology gets cheaper and as the vehicle homologation across Europe gets stricter towards the safety standards the demand for thermal scanners are expected to witness a surge in coming future. Furthermore, increasing demand for thermal scanners at airports for mass screening, increasing government spending in the aerospace and defence sectors, increasing R&D investments by companies, governments, and capital firms to develop innovative thermal scanning solutions key factors contributing to this market growth in Europe.  

In order control the contain the outbreak of COVID-19 the governments across enacted measures like travel ban, factory and business shutdowns and lockdowns which ultimately supply chain disruptions of the Europe Thermal Scanners market hampering the revenue generation and anticipated growth opportunities for short period of time. The outbreak of COVID-19 is impacting the economic stability in Europe, so far Russia is the worst hit country in Europe due to the spread of the virus followed by Spain, UK and Italy. Europe is a major manufacturing and industrial hub for sectors automotive, construction, aerospace, energy & power, and IT & telecom. Businesses in the region are facing severe financial difficulties as they either had to suspend their operations to control spread of coronavirus. However, COVID-19 outbreak has increased demand from healthcare facilities for the thermal scanners. The sudden rise in need has created an imbalance between demand and supply, which has led the manufacturers to mass produce these devices, however, the devices are being offered at greater prices. The device helps healthcare professionals monitor the temperature of the patient's body and take necessary action based on scanner results. The airline industry across Europe has also increased demand for thermal scanners, where air passengers are screened for any symptoms of the virus. Such increasing demand is expected to boost the market growth in the coming years rapidly.

                                                        Europe Thermal Scanners Market

                           

 Europe Thermal Scanners Market
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Europe Thermal Scanners Market Segmentation

Europe Thermal Scanners Market – By Type

  • Handheld
  • Fixed

Europe Thermal Scanners Market – By Wavelength

  • Short-wavelength Infrared
  • Medium-wavelength Infrared
  • Long-wavelength Infrared

Europe Thermal Scanners Market – By End-use

  • Industrial
  • Aerospace and Defence
  • Automotive
  • Oil and gas
  • Others

Europe Thermal Scanners Market – By Country

  • France
  • Germany
  • Italy
  • Russia
  • UK
  • Rest of Europe

Europe Thermal Scanners Market -Companies Mentioned

  • FLIR Systems, Inc.
  • AMETEK Inc.
  • Robert Bosch GmbH
  • 3M Company
  • Leonardo S.p.A.
  • Thermoteknix Systems Ltd
  • Fluke Corporation
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Wavelength, and End- Use

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

1.Introduction

1.1Study Scope

1.2The Insight Partners Research Report Guidance

1.3Market Segmentation

2.Key Takeaways

3.Research Methodology

3.1Coverage

3.2Secondary Research

3.3Primary Research

4.Europe Thermal Scanners Market Landscape

4.1Market Overview

4.2Europe – PEST Analysis

4.2.1Ecosystem Analysis

4.3Expert Opinion

5.Europe Thermal Scanners Market – Key Industry Dynamics

5.1Market Drivers

5.1.1Incremental surge in demand for Thermal Scanners due to outbreak of COVID-19

5.1.2Escalating implementation of Thermal Scanners in Automobile

5.2Market Restraints

5.2.1Inaccurate readings on certain surfaces.

5.3Market Opportunities

5.3.1Increase adoption of Thermal Scanners in Construction Sector

5.4Future Trends

5.4.1Integration of Internet of Things (IoT) with Thermal Scanners.

5.5Impact Analysis of Drivers and Restraints

6.Thermal Scanners Market – Europe Analysis

6.1Overview

6.1.1Europe Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

6.2Market Positioning – Five Key Players

7.Thermal Scanners Market Analysis – By Type

7.1Overview

7.2Europe Thermal Scanners Market Breakdown, by Type, 2019 & 2027

7.3Handheld

7.3.1Overview

7.3.2Handheld Market Revenue and Forecast to 2027 (US$ Million)

7.4Fixed

7.4.1Overview

7.4.2Fixed Market Revenue and Forecast to 2027 (US$ Million)

8.Thermal Scanners Market Analysis– By Wavelength

8.1Overview

8.2Europe Thermal Scanners Market Breakdown, By Wavelength, 2019 & 2027

8.3Short-Wave Infrared

8.3.1Overview

8.3.2Short-Wave Infrared Market Forecast and Analysis

8.4Mid-Wave Infrared

8.4.1Overview

8.4.2Mid-Wave Infrared Market Forecast and Analysis

8.5Long-Wave Infrared

8.5.1Overview

8.5.2Long-Wave Infrared Market Forecast and Analysis

9.Thermal Scanners Market Analysis – By End-Use

9.1Overview

9.2Europe Thermal Scanners Market Breakdown, By End-Use, 2019 & 2027

9.3Industrial

9.3.1Overview

9.3.2Industrial Market Forecast and Analysis

9.4Aerospace and Defense

9.4.1Overview

9.4.2Aerospace and Defense Market Forecast and Analysis

9.5Automotive

9.5.1Overview

9.5.2Automotive Market Forecast and Analysis

9.6Oil and Gas

9.6.1Overview

9.6.2Oil and Gas Market Forecast and Analysis

9.7Others

9.7.1Overview

9.7.2Others Market Forecast and Analysis

10.Thermal Scanners Market – Country Analysis

10.1Overview

10.1.1Europe: Thermal Scanners Market, by Key Country

10.1.1.1France: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1France: Thermal Scanners Market, by Type

10.1.1.1.2France: Thermal Scanners Market, by Wavelength

10.1.1.1.3France: Thermal Scanners Market, by End Use

10.1.1.2Germany: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1Germany: Thermal Scanners Market, by Type

10.1.1.2.2Germany: Thermal Scanners Market, by Wavelength

10.1.1.2.3Germany: Thermal Scanners Market, by End Use

10.1.1.3Italy: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1Italy: Thermal Scanners Market, by Type

10.1.1.3.2Italy: Thermal Scanners Market, by Wavelength

10.1.1.3.3Italy: Thermal Scanners Market, by End Use

10.1.1.4UK: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.4.1UK: Thermal Scanners Market, by Type

10.1.1.4.2UK: Thermal Scanners Market, by Wavelength

10.1.1.4.3UK: Thermal Scanners Market, by End Use

10.1.1.5Russia: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.5.1Russia: Thermal Scanners Market, by Type

10.1.1.5.2Russia: Thermal Scanners Market, by Wavelength

10.1.1.5.3Russia: Thermal Scanners Market, by End Use

10.1.1.6Rest of Europe: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.6.1Rest of Europe: Thermal Scanners Market, by Type

10.1.1.6.2Rest of Europe: Thermal Scanners Market, by Wavelength

10.1.1.6.3Rest of Europe: Thermal Scanners Market, by End Use

11.Europe Thermal Scanners Market- COVID-19 Impact Analysis

11.1Europe

12.Thermal Scanners Market-Industry Landscape

12.1Overview

12.2Market Initiative

12.3New Product Development

13.Company Profiles

13.1FLIR Systems, Inc.

13.1.1Key Facts

13.1.2Business Description

13.1.3Products and Services

13.1.4Financial Overview

13.1.5SWOT Analysis

13.1.6Key Developments

13.2AMETEK Inc.

13.2.1Key Facts

13.2.2Business Description

13.2.3Products and Services

13.2.4Financial Overview

13.2.5SWOT Analysis

13.2.6Key Developments

13.3Robert Bosch GmbH

13.3.1Key Facts

13.3.2Business Description

13.3.3Products and Services

13.3.4Financial Overview

13.3.5SWOT Analysis

13.3.6Key Developments

13.43M

13.4.1Key Facts

13.4.2Business Description

13.4.3Products and Services

13.4.4Financial Overview

13.4.5SWOT Analysis

13.4.6Key Developments

13.5Leonardo

13.5.1Key Facts

13.5.2Business Description

13.5.3Products and Services

13.5.4Financial Overview

13.5.5SWOT Analysis

13.5.6Key Developments

13.7Thermoteknix Systems Ltd

13.7.1Key Facts

13.7.2Business Description

13.7.3Products and Services

13.7.4Financial Overview

13.7.5SWOT Analysis

13.7.6Key Developments

13.9Fluke Corporation

13.9.1Key Facts

13.9.2Business Description

13.9.3Products and Services

13.9.4Financial Overview

13.9.5SWOT Analysis

13.9.6Key Developments

14.Appendix

14.1About The Insight Partners

14.2Glossary of Terms

LIST OF TABLES

Table 1.Europe Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.Europe Thermal Scanners Market, by Country – Revenue and Forecast to 2027 (USD Million)

Table 3.France: Thermal Scanners Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 4.France: Thermal Scanners Market, by Wavelength – Revenue and Forecast to 2027 (US$ Million)

Table 5.France: Thermal Scanners Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 6.Germany: Thermal Scanners Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 7.Germany: Thermal Scanners Market, by Wavelength – Revenue and Forecast to 2027 (US$ Million)

Table 8.Germany: Thermal Scanners Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 9.Italy: Thermal Scanners Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 10.Italy: Thermal Scanners Market, by Wavelength – Revenue and Forecast to 2027 (US$ Million)

Table 11.Italy: Thermal Scanners Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 12.UK: Thermal Scanners Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 13.UK: Thermal Scanners Market, by Wavelength – Revenue and Forecast to 2027 (US$ Million)

Table 14.UK: Thermal Scanners Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 15.Russia: Thermal Scanners Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 16.Russia: Thermal Scanners Market, by Wavelength – Revenue and Forecast to 2027 (US$ Million)

Table 17.Russia: Thermal Scanners Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 18.Rest of Europe: Thermal Scanners Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 19.Rest of Europe: Thermal Scanners Market, by Wavelength – Revenue and Forecast to 2027 (US$ Million)

Table 20.Rest of Europe: Thermal Scanners Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 21.Glossary of Term: Thermal Scanners Market

LIST OF FIGURES

Figure 1.Europe Thermal Scanners Market Segmentation

Figure 2.Europe Thermal Scanners Market Overview

Figure 3.Europe Fixed Segment Held the Largest Share During Forecast Period

Figure 4.Europe Aerospace & Defense Segment Dominated the Market

Figure 5.Europe Aerospace & Defense Segment Dominated the Market

Figure 6.Europe: France to Show Great Traction During Forecast Period

Figure 7.Europe- PEST Analysis

Figure 8.Ecosystem Analysis

Figure 9.Expert Opinion

Figure 10.Europe Thermal Scanners Market Impact Analysis of Drivers and Restraints

Figure 11.Europe Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.Europe Thermal Scanners Market Breakdown, by Type (2019 and 2027)

Figure 13.Europe Handheld Market Revenue and Forecast to 2027(US$ Million)

Figure 14.Europe Fixed Market Revenue and Forecast to 2027(US$ Million)

Figure 15.Europe Thermal Scanners Market Breakdown, By Wavelength, 2019 & 2027 (%)

Figure 16.Europe Short-Wave Infrared Market Revenue and Forecast to 2027 (US$ Mn)

Figure 17.Europe Mid-Wave Infrared Market Revenue and Forecast to 2027 (US$ Mn)

Figure 18.Europe Long-Wave Infrared Market Revenue and Forecast to 2027 (US$ Mn)

Figure 19.Europe Thermal Scanners Market Breakdown, By End-Use, 2019 & 2027 (%)

Figure 20.Europe Industrial Market Revenue and Forecast to 2027(US$ Mn)

Figure 21.Europe Aerospace and Defense Market Revenue and Forecast to 2027(US$ Mn)

Figure 22.Europe Automotive Market Revenue and Forecast to 2027(US$ Mn)

Figure 23.Europe Oil and Gas Market Revenue and Forecast to 2027(US$ Mn)

Figure 24.Europe Others Market Revenue and Forecast to 2027(US$ Mn)

Figure 25.Europe: Thermal Scanners Market Revenue Share, by Key Country (2019 and 2027)

Figure 26.France: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.Germany: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.Italy: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.UK: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.Russia: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.Rest of Europe: Thermal Scanners Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.Impact of COVID-19 Pandemic in Europe Country Markets

The List of Companies - Europe Thermal Scanners Market

  1. FLIR Systems, Inc.
  2. AMETEK Inc.
  3. Robert Bosch GmbH
  4. 3M
  5. Leonardo S.p.A.
  6. Thermoteknix Systems Ltd
  7. Fluke Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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