Research Reports

ICT & Electronics

icon
Home » Reports » Handheld Imagers Market Global Demand Analysis Opportunity Outlook 2024
Market Research Report

Handheld Imagers Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 11:51 PM, 3rd October, 2017 REP-ID-265 Category: ICT & Electronics

Global Handheld Imagers Market Overview

The global handheld imagers industry is driven by the improving manufacturing process and advancements in technology. Companies invest enormously in research and development operations for offering innovative products to sustain in the handheld imagers market. Companies are focusing on improving and ensuring robust distribution channel and enhanced technical services in order to achieve maximum profits. Handheld imagers provide various benefits such as barcode scanning, age verification and document scanning. The companies provide different types of handheld scanners that suit the requirement of the users. The most prominent among them is the handheld thermal imager. They are very popular in many industries and applications as a non-contact temperature measurement device including HVAC, automotive, building, inspection, energy audits, plant maintenance, electrical contractors, insulation experts and many more. These handheld imagers provide various features such as voice annotation, video output, and resolution and image refresh rate.

Declining handheld imager market price trend is anticipated to increase the demand across several industry verticals. Increasing R&D investments have also contributed to low production cost thereby improving manufacturing technique. Product miniaturization to address the growing demand for light portable devices will drive the industry growth over a forecast period.

Market Size and Forecast

The global handheld imagers market was valued at USD 1.6 billion in 2016 and is expected to reach USD 5 billion in 2024, growing at a CAGR of 13% during the forecast period. The major reasons that will drive the growth of the market include the escalating terror attacks and criminal nuisances across the globe. The 9/11 attack have significantly impacted the demand for the handheld imagers. Moreover, security concerns, especially at airports and stations due to the heavy crowd, are propelling the demand for handheld imagers across the globe. Moreover, the advancements in technology such as infrared imaging will push the market to the global level.

Handheld Imagers Market

North America will dominate the market due the adoption of millimeter wave technology, followed by Asia Pacific and Europe. The Europe and Asia Pacific will witness substantial growth over the forecast period owing to growing security concerns across the regions. Asia Pacific with the highest number of patents for microbolometers is anticipated to witness considerable growth over the forecast period. The Asia-Pacific market is growing with robust growth rate, as compared to other regions for microbolometer IR detector market due to its continuous economic growth and large manufacturing base.

Market Segmentation

Our in–depth analysis of the global handheld imagers market includes the following segments:

By Product:

  • IR scanners
  • Stud Finders
  • Millimeter wave scanners
  • Microbolometers

By Application:

  • Construction
  • Industrial
  • Security
  • Medical
  • Others

The Global Handheld Imagers are further classified on the basis of region as follows:

By Region:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

The growth of the global handheld imagers market is driven by its growing adoption in untapped application areas. New innovative products have significantly offered the scope for handheld images in several application sectors such as security, medical and industrial areas. Further, the increasing demand across security industry is likely to push the market to the global level. The increasing demand is accredited to the rising security concern in areas including government and airports. Moreover, the ability to locate, track and capture criminal in adverse conditions may drive the market demand. Increasing scope of applications including medical, industrial and security is anticipated to drive the demand for handheld imagers during the forecast period. The rising terrorism threat and criminal activity are influencing the market growth. The abilities of the imager in sector to diagnose patient’s body, inner ears or the health of the patients’ retina may increase the demand across the medical space. Further, technological innovation has led miniaturization and development of lightweight handheld managers, which is expected to positively impact the market growth over the forecast period. Availability of cost-effective handheld imagers due to mass production and a wide range of special applications integrating this technology will lead to the growth of the market. Moreover, the high investment for the development of camera based scanners also contributing towards the growth of handheld imagers market. The advanced and competitive barcode reader scanner has industrial features to increase accuracy, productivity and user friendly operation. Camera-based solutions provide high price-performance ratio and are user-friendly. This is further anticipated to provide new avenues for market growth in the forecast period. However, the technical misspecification regarding handheld imagers is expected to pose a challenge to market growth.

Infrared scanner market share is expected to dominate the market over the forecast period accredited to the high degree of usage among various applications. Features such as error reduction, inventory control and time savings may increase the adoption over the forecast period.

Key Players

  • Zircon Corporation
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Fluke Corporation
  • FLIR
  • DRS Technologies
  • General Dynamics Corporation
  • Raytek
  • Sago Systems
  • BAE Systems
  • CH Hanson
  • Bosch

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Handheld Imagers Market is segmented as follows:

  • By Product Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

Ask The Analyst

Delivery Center

1014, 10th Floor, Tower A1,
Ansal Corporate Park, Plot no 7A/1,
Sector 142 Noida., 201301 India
Phone : +91 958 228 3827, +91 120 660 5495
info@researchnester.com

US Office

1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2017 Research Nester. All rights reserved

Top