The thermal scanners market in Europe is expected to grow from US$ 1,092.89 million in 2019 to US$ 2,170.29 million by 2027; it is estimated to grow at a CAGR of 9.4% from 2020 to 2027.
The outbreak of COVID-19 has led to a significant rise in demand of thermal scanner. The sudden rise in the demand has caused imbalanced the to supply chain. The manufacturing adopting to mass production of these devices which has led to decrease in prices. The manufacturers are inclining more towards production of commercial thermal which can be utilized by healthcare sector. Meanwhile, the thermal scanner market players are also witnessing growing demand from automotive sector owing to rising safety standards is further creating growth opportunities.
Based on end use, the aerospace & defense segment led the Europe thermal scanners market in 2019. The thermal imaging solutions are widely used in various aerospace industry applications, such as quality control, monitoring and controlling of fast processes, and testing of lightweight construction elements and modern composite materials. The various measurement tasks of the aerospace sector often need infrared cameras with high frame rate of 100 Hz and more and/or very high thermal resolutions of 20 mk. Moreover, quality controls of rotor blades, wings, and fuselages of airplanes as well as helicopters can be conducted in the form of efficient fault analyses through infrared camera systems. Furthermore, the governments are increasingly adopting advanced technologies in order to increase the productivity and efficiency in terms of security.
Spain, Italy, Germany, the UK, and France are some of the worst affected member states due to COVID-19 outbreak in the European region. The region is a major manufacturing and industrial hub for automotive, construction, aerospace, energy & power, and IT & telecom sectors. Businesses in the region are facing severe financial difficulties as they either had to suspend their operations to control spread of coronavirus. Hence, due to business lockdowns, travel bans, and supply chain disruptions, the industries have witnessed huge loss and hence use of thermal scanners was limited. The Europe thermal scanner market has started to pick up the pace in order to combat the outbreak of virus. Regional and international players are developing thermal scanners to prevent spread of the coronavirus further.
The overall Europe thermal scanners market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe thermal scanners market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe thermal scanners market. Key players operating in the Europe thermal scanners include FLIR Systems, Inc., AMETEK Inc., Robert Bosch GmbH, Fluke Corporation, and Leonardo S.p.A.