Handheld Imager Market Growth Industry Review and Forecasts 2023
North America handheld imagers market led the global landscape in 2015 and will exhibit substantial annual growth rate of around 12% over the period of 2016 to 2023, primarily driven by the implementation of strict governmental norms to install handheld imagers for the security purpose. U.S. is projected to be the prime revenue pocket for North America.
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Increasing criminal nuisances and terrorists attack across the globe is pushing handheld imagers market. Driven by the rising security concerns especially in areas like railway stations and airports due to the heavy public pool, these upgraded imagers are widely implemented to combat the fierce potential threat. Technological advancements have also resulted in upgrading the product features which in turn is stimulating the overall market outlook. According to Global Market Insights, Inc., “Global handheld imagers market generated a revenue of USD 1.48 billion in 2015 and is slated to witness a lucrative CAGR of 12% over the period of 2016 - 2023.”
Considering the product segment, handheld imagers market is mainly segmented into stud finder, millimeter waves scanner, microbolometer, and IR scanner. IR scanner market is anticipated to dominate the overall industry in coming years, owing to the benefits offered by these scanners such as inventory control, time saver, and error reduction.
Millimeter wave scanner handheld imagers market will also grow significantly at an annual rate of 17% over the coming six years. The growth can be credited to its growing implementation across the governmental and commercial sectors. Moreover, these products are also extensively used in airports to ensure passengers’ adequate security. This, in turn, is catalyzing global handheld imagers industry.
The primary application areas of handheld imagers market are security, medical, construction, and industrial. The market from medical applications is predicted to experience considerable growth in the years ahead, owing to its increasing requirement in monitoring patient’s health. Security applications dominated the market accounting for more than 35% of the total volume in 2015 and is expected to remain a leading application sector over the period 2016-2023. The increasing need for safety and security along with rapid urbanization will augment the industry growth in this sector. The government is investing heavily in the security systems at the high alert areas such as stations and airports to limit the terrorists attack.
Geographically, Europe handheld imagers industry will register substantial growth rate over the coming six years, owing to the growing usage of thermal detection technology such as silicon microbolometer.
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Handheld imagers industry is highly competitive with the growing number of new entrants in the business space. Product differentiation and competitive pricing will remain the two most distinguishing factors for the players to sustain their market position. The notable participants in handheld imagers market are Fluke Corporation, Robert Bosch GmbH, DRS Technologies, Zircon Corporation, FLIR Systems, Stanley Black & Decker, and ULIS IR.
This latest handheld imagers Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the handheld imagers industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across 84 pages with 37 market data tables & 29 figures & charts from the report, “Handheld Imager Market Size By Application (Medical, Security, Industrial, Construction), By Product (Millimeter Wave Scanner, IR Scanner, Stud Finder, Microbolometer), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:
Table Content of Handheld Imagers Market:
Chapter 4 Handheld Imager Product Insights
4.1. Handheld imager market share by product, 2015 & 2023
4.2. IR scanner
4.2.1. Market estimates and forecasts by region, 2012 - 2023
4.3. Millimeter wave scanner
4.3.1. Market estimates and forecasts by region, 2012 – 2023
4.4. Stud finder
4.4.1. Market estimates and forecasts by region, 2012 - 2023
4.5.1. Market estimates and forecasts by region, 2012 – 2023
Chapter 5 Handheld Imager Application Insights
5.1. Handheld imager market share by application, 2015 & 2023
5.2.1. Market estimates and forecasts by region, 2012 - 2023
5.3.1. Market estimates and forecasts by region, 2012 – 2023
5.4.1. Market estimates and forecasts by region, 2012 - 2023
5.5.1. Market estimates and forecasts by region, 2012 – 2023
5.6.1. Market estimates and forecasts by region, 2012 - 2023
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