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Handheld Imager Market Trend, Revenue & Regional Analysis 2023 By Top Players - BAE Systems, Bosch, FLIR Systems, Fluke Corporation, General Dynamics, Newport Corporation, Stanley Black & Decker, Inc.

12-21-2018 11:17 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc.
Handheld Imager Market

Handheld Imager Market

The handheld imager market finds application in an assortment of industrial areas including manufacturing and refineries. These devices are designed for rugged performance coupled with the high efficiency and durability boosting the handheld imager market share. Declining products prices have led to an increase in adoption, to achieve the low price of the products, manufacturers are focusing on their abilities to manufacture the components such as infrared sensors in the mass quantity with high yield.

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Advances such as reduction in size, weight and cost coupled with the ability to detect temperature differences of objects is expected to increase uptake in the fire & rescue sector. These applications require a camera with a widespread scene dynamic range, such that it can be pointed in the direction of the fire, yet produce a useable image. The latest handheld imagers incorporate advanced thermal imaging technology to maintain light weight and compact form factor Multi-function (MF) variants. In addition, they integrate digital magnetic compass, in-built laser range finder, GPS and day camera, which facilitates passage of data and target acquisition for improved situational awareness. Such advanced features are anticipated to drive the handheld imager market.

Millimeter wave scanner market is expected to see significant CAGR of over 17% over the next eight years owing to the increasing demand across commercial and government verticals. The product helps in detecting the concealed objects underneath an individual’s clothing utilizing electromagnetic radiation. Airports have witnessed growing deployment of these products to keep travelers safe by detecting weapons and any possible threats.

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Security applications dominated the handheld imager market size in 2015 and will remain the leading segment in the coming years. Key use cases include night patrols, stealth operations, search and rescue efforts and surveillance. Moreover, the devices help in detecting the distance of the object, and allow recording and sharing of the images.

The U.S. handheld imager market contributed considerably to the global revenue in 2015 owing to increasing demand in applications across the airport security, government and commercial space. Airports across the country are replacing walk-through x-ray scanners with active millimeter wave full-body scanners, contributing to the overall handheld imager market size. The industry has also seen increasing IR scanner adoption across the commercial and industrial applications to avoid theft.

Asia Pacific is anticipated to witness noteworthy growth at over 13% CAGR from 2016 to 2023. High security requirements will enhance the regional demand. Moreover, rising need to synchronize process and operations to reduce cost have also resulted in growth across the India and China handheld imager market. Ability to detect weapons, explosives, and other dangerous objects will also contribute to regional demand.

Browse Report Summary: https://www.gminsights.com/industry-analysis/handheld-imager-market-report

Key players operating in the handheld imager market comprise BAE Systems, Bosch, CH Hanson Company, Zircon Corporation, Drs Technologies, FLIR Systems, Fluke Corporation, Franklin Sensors, General Dynamics, Newport Corporation, Raytec, Sago Systems, Inc., Stanley Black & Decker, Inc.. The industry is highly competitive and players faces intense competition from the new entrants.

For instance, in 2015, Nintendo introduced outward facing image sensors in handheld category with figure detection and mode determining functions. In addition, it also offers pulse detecting function to detect user pulse rate, which helps fuel the customer satisfaction.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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