Thermal Scanners Market Size to Attain a Valuation of USD 6.80 Billion by 2027
The Global Thermal Scanners Market is expected to be valued at USD 6.80 Billion in 2027 from USD 3.60 Billion in 2019, registering a CAGR of 7.0% through the forecast period. The escalating investment in the aerospace and defense sector by the government bodies and the growing focus on the research and development sector by the major manufacturers to develop advanced thermal scanners are propelling the market growth. The increasing use of thermal scanners in the automotive sector and the rising penetration of these scanners for mass screening at crowded places such as airports to screen and identify COVID-19 patients are key elements supporting the market demand. The increasing advancements in the technologies, such as the integration of AI in thermal cameras, can potentially generate lucrative opportunities for the market in the projected timeframe. Moreover, the increasing collaborations and joint ventures are further adding traction to the market growth. The pandemic has positi