Handheld Imagers Market Analysis by Product (IR scanners, Stud Finders, Millimeter Wave Scanners, and Microbolometers); and by Application (Construction, Industrial, Security, Medical, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

Buy Now Report ID: 265 | Published Date: Feb 13, 2023

Major Macro-Economic Indicators Impacting the Market Growth


The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

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Global Handheld Imagers Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Crime and Terror Attacks Worldwide - It was observed that nearly 10,170 terrorist attacks were reported around the world in 2020, a rise from 2017 when about 7000 terrorist attacks were recorded. The major reason that is expected to drive the growth of the market consists of rising terror attacks and criminal activities globally. The 9/11 attack has significantly affected handheld imagers demand. The handheld imager is capable of locating, tracking, and capturing criminals in adverse weather conditions. As a result of this technology, a virtual display is created displaying the thermal signatures of things in the field of view.
  • Rapid Growth in The Security Industry - For instance, in the United States, the security industry has already grown to be a market worth approximately USD 340 billion with USD 280 billion invested by private companies and USD 68 billion invested by the government.
  • Increasing Exports of Handheld Imagers Worldwide - According to the statistics by the International Trade Center (Trademap), the global value of exports of handheld imagers in the year 2021 was recorded to be USD 11,490,832 thousands, which was an increase from USD 10,102,125 thousands in the previous year.
  • Globally Increasing Prevalence of Rheumatoid Arthritis (RA) - It was observed that 70 people are diagnosed with RA every year out of every 100,000 people. Approximately 1.5 million Americans suffer from RA. Women have a lifetime risk of developing RA of 3.5 %, and men have a lifetime risk of 1.3%. The chronic autoimmune disease, rheumatoid arthritis affects the shoulders, hands, wrists, feet, and knees. Physicians use thermography to evaluate and monitor inflammation caused by the early stages of arthritis by examining the temperature of arthritic joints. For instance, the FLIR E60bx thermal scanning camera was used at an academic institution to analyze images and reveal statistically significant differences between inflamed and healthy tissue. Physicians could potentially use the results to assess the severity of inflammation in patients with rheumatoid arthritis.
  • Growing Demand for Diagnosing Tungiasis, a Skin Disease - In a study, it was found that IRT is effective at diagnosing tungiasis. A FLIR T660bx camera was used to capture thermographic images of a person with tungiasis. Results showed that this technique can be used to detect hidden and atypical symptoms of infections such as tungiasis and other diseases of the skin.


  • Inability to Perform Efficiently in High Temperatures
  • Availability of Non Branded Handheld Imagers
  • High Cost Associated with The Product

The global handheld imagers market is segmented and analyzed for demand and supply by product into IR scanners, stud finders, millimeter wave scanners, and microbolometers. Among these segments, the stud finders segment is anticipated to capture the largest market size in the global handheld imagers market owing to the increasing demand for finding the right base and strength for houses. Stud Finder is a portable device used to find studs by detecting variations in the density of the wall, such as drywall on wood structures. Moreover, product developments and advancements are further expected to drive segment growth. For instance, a stud finder manufacturer, Zircon Corporation, launched the SuperScan K2, K4, and ExitPoint XL500 Through-Hole Drill Guides at the International Hardware Fair 2022 in Köln.

Global Handheld Imagers Market Regional Synopsis


Regionally, the global handheld imagers market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033. With increasing government regulations on aviation security and terrorist threats, the demand for handheld imagers is expected to rise in the region during the forecast period. For instance, the U.S. Department of Homeland Security is raising the baseline for aviation security internationally. There are over 280 last-point-of-departure airports in 105 countries offering direct commercial flights to the U.S. Moreover, rising criminal activities and security concerns in the region are also anticipated to drive market growth during the forecast period. 


The global handheld imagers market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

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


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Top Featured Companies Dominating the Global Handheld Imagers Market

    • Zoro Tools, Inc.

      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Fluke Corporation
    • Teledyne FLIR LLC
    • Leonardo DRS, Inc.
    • General Dynamics Corporation
    • BAE Systems
    • Robert Bosch GmbH
    • Raytek-Direct
    • Zebra Technologies Corp.
    • Opgal Optronic Industries Ltd.



In The News

  • Teledyne FLIR LLC, introduced the Neutrino LC CZ 15-300, designed for integrated solutions that require crisp, long-range MWIR imaging in SD or HD. 

  • Robert Bosch GmbH introduced the GLM 100-25 C and the GLM 150-27 C, a series of precision laser measures with cameras, which provide high accuracy over distances up to 150 meters.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Abhishek Verma, Hetal Singh

Key Questions Answered in the Report

1) What are the major factors driving the growth of the handheld imagers market?

Ans: Rising terrorism and criminal attacks along with widespread use in various industries such as security, medical, construction and industrial areas are the major factors driving the growth of the handheld imagers market.

2) What would be the CAGR of handheld imagers market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the handheld imagers market growth?

Ans: Inability to perform efficiently in high temperatures along with availability of non-branded handheld imagers are challenges expected to hinder market growth.

4) Which region will provide more business opportunities for growth of handheld imagers market in future?

Ans: The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the handheld imagers market?

Ans: The major players in the market are Zoro Tools, Inc, Fluke Corporation, Teledyne FLIR LLC, Leonardo DRS, Inc., General Dynamics Corporation, BAE Systems., Robert Bosch GmbH, Raytek-Direct, Zebra Technologies Corp., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the handheld imagers market?

Ans: The market is segmented by product, application, and by region.

8) Which segment captures the largest market size in product type in the handheld imagers market?

Ans: The stud finders segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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