Global Non-Contact Temperature Measurement Instrument Market Ecosystem Size, Share & Trends Analysis Report by Components, by Product, by Instrumentation type , by Application, and by End-User (Automotive, Healthcare, Electronics, Metals & Mining, Building & Construction, Energy & Power, Petrochemical, Chemical, Others), and Region - Forecast to 2027

This report evaluates “Global Non-Contact Temperature Measurement Instrument Market-  Ecosystem” by studying Ecosystem analysis, trend intelligence and market revenue analysis. Non-contact temperature measurement instruments are generally used to measure temperature from a certain distance. These are used mostly in industrial applications such as quality control, maintenance, etc. In the manufacturing industry, infrared non-contact temperature sensors are highly preferred. These sensors are also used as in-line monitoring applications that provide quick response in a short time. Apart from the technical benefits, they also require less maintenance cost. These are some of the factors that drive the growth of Non-Contact Temperature Measurement Instrument Market - Ecosystem. In aircraft manufacturing, non-contact temperature measurement instruments provide important information on the machine’s heating condition. Highly accurate temperature measurement instruments help industrialists in taking optimal decision and monitor safety and productivity and reduce the overall downtime. The use of these temperature measuring devices is essential in the aircraft manufacturing process and the rise in adoption of new devices contributes to the growth of non-contact temperature measurement instrument market.

Ecosystem Snapshot: Non-Contact Temperature Measurement Instruments Market

Higher demand from end-use industries such as Oil & gas, Mining, and Energy is driving the global non-contact temperature measurement instrument market. Fixed-mount non-contact temperature products are highly preferred in the industrial sector. Inaccuracy in temperature measurements by non-contact temperature measurement instruments due to external disturbances can slow down the growth of the market during the forecast period. Due to rise in industrialization, there is higher demand from emerging economies such as India, China, and other countries, which is expected to grow further in the near future. According to our estimates, the global non-contact temperature measurement instrument market was US$ 728.3 Mn, as of 2018.

The use of non-contact thermometers has become important for industrial applications in order to monitor and control heating conditions of machineries. Traditionally, portable and spot type infrared thermometers have been in use, but now, there is a higher demand for accurate non-contact temperature instruments. The advent of technologies such as IoT and advancements in electronics helps in achieving higher accuracy and make the data acquisition more efficient.  The technological advancements also boost the growth of the non-contact temperature measurement instrument market.

The automotive industry held a major market share of 19.54% among the global non-contact temperature measurement instrument market in the year 2018, with a market value of USD 142.31 Million, and is projected to grow at the highest CAGR of 6.08% by 2027. Electronics was the second-largest market in 2018, valued at USD 108.92 Million. It is projected to grow at a CAGR of 4.84% by 2027. The Chemicals Industry in this market is expected to reach USD 117.49 Million during the forecast period and is expected to register a CAGR of 4.34%. The automotive segment would be an attractive investment segment in the Non-contact temperature measurement instrument market.

Segmentation Scope of Non-Contact Temperature Measurement Instruments Market Ecosystem

Component	Product	Instrumentation type	Application	End User
Sensors	Portable	Broadband Radiation Thermometer	Body Temperature Measurement	Automotive
Displays	Fixed Mount	Narrowband Radiation Thermometer	Object/Asset Temperature Measurement	Healthcare
Connectors		Ratio Radiation Thermometer	Room Temperature Measurement	Electronics
Processors		Fiber Optic Radiation Thermometer	Liquid Temperature Measurement	Metals & Mining
Others			Others	Building & Construction
				Energy & Power
				Petrochemical
				Chemical
				Others

The North American region is by far the largest contributor to the growth of the global non-contact temperature measurement instrument market. Advancements in the manufacturing processes of end-use industries have increased the preference for the adoption of non-contact temperature measurement instruments. The Asia Pacific region is expected to grow at a higher rate during the forecast period. The rise in the demand for non-contact temperature measurement instruments in the Asia Pacific region is significantly driven by large investments in the industrial sector.

The non-contact temperature measurement instrument market in North America was valued US$ 175.9 Mn in 2018 and is projected to grow at a CAGR of 5.12% during the forecast period. Increasing urbanization and industrial expansion in the region are expected to promote the growth of the market. In addition to these, the region is more adaptable to technological advancements in various end-use industries.

Non-Contact Temperature Measurement Instruments Market Statistics Glimpse

There are many trends that are having an impact on the market forecast. These, when evaluated from a company’s perspective, can drive growth. Our numerous consulting projects have generated sizeable synergies across all regions and all sizes of companies.

The major players operating in the global non-contact temperature measurement instruments market are as follows: DIAS Infrared GmbH, OMEGA Engineering Inc., CHINO Corporation, AMETEK Land, Micro-Epsilon, PCE Instruments, Dwyer Instruments, Inc., Fluke Corporation, Heitronics Infrarot Messtechnik GmbH, LumaSense  Technologies, B+B Termo-Technik GmbH, Optris GmbH, Sensortherm GmbH, and Testo SE & Co. KGaA among others

Non-Contact Temperature Measurement Instruments Market Ecosystem: Key Players

Company	Ecosystem Positioning	Total Revenue 2018 (US$ Mn)	Region
Testo SE & Co. KGaA	Product Manufacturer	$ 325.8 Million	Global
Micro-Epsilon	Product Manufacturer	$ 353.2 Million	Global
CHINO Corporation	Product Manufacturer	$ 190 Million	Global
Fluke Corporation	Product Manufacturer	$ 441 Million	Global
OMEGA Engineering Inc	Product Manufacturer	$ 155.2 Million	Global

Very few markets have interconnectivity with other markets. Our Interconnectivity module focuses on the key nodes of heterogeneous markets in detail. Smart thermometers, Smart meat thermometers, Processors, Body temperature monitoring devices, and Automotive markets are some of our key researched markets.  

Non-Contact Temperature Measurement Instruments Market Ecosystem: Major Interconnectivity

A Glance on Global Non-Contact Temperature Measurement Instruments Market Trends:

Trends	Product	Application	End-User	Impact on the Market
Due to the spread of 9 pandemic COVID-19 disease, there exists a higher demand for Non-contact body temperature monitoring devices	Body Temperature Monitoring device	1.00%	Healthcare	1.20%
The penetration of Electric Vehicle (EV) will increase the demand for non-contact temperature measurement instruments, especially in the developing countries of Asia			Automotive	XX%

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