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Title : Yole on Thermal Imaging Market
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Yole on 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.

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