Thermal Imaging Market

Yole Developpement: In 2020, thermal imaging and sensing took center stage in the fight against COVID-19. After an Elevated Body/Surface Temperature (EBT/EST) camera sales gold-rush for a great many manufacturers, the demand finally fell in late 2020 and is returning to normal through 2021. The overall thermal imaging market is expected to decrease from $6.6B in 2020 to $6.2B in 2021, settling at a higher revenue point than prepandemic levels. However, a 7.2% CAGR from 2021 to 2026 could make the market climb to $8.8B.

In 2020, Chinese thermal imager manufacturers supplied thermal imagers en masse, mainly due to the EBT/EST applications, and more than doubled their shipment market share in going from 18% in 2019 to 39% in 2020. The market had grown significantly YoY 2019–2020, with every stakeholder profiting. Chinese players reaped more fruit due to their technology ramp-up in the last few years in conjunction with the strong appetite for fever detection cameras, especially in the domestic market, which was more widely accepted than in western countries.

Originally published at http://image-sensors-world.blogspot.com.