Global Handheld Imagers Market will reach USD 3.30 Billion by 2022: Zion Market Research

Sarasota, FL, May 11, 2017 -- Zion Market Research has published a new report titled “Handheld Imagers Market (Stud Finders, IR Scanners, Millimeter Wave Scanners, and Microbolometers) for Construction, Industrial, Security, Medical and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2022”. According to the report, global handheld imagers market was valued at around USD 1.63 billion in 2016 and is expected to reach approximately USD 3.30 billion in 2022, growing at a CAGR of slightly above 12.5% between 2017 and 2022. 

Increasing IT consumerization and development of advanced microbolometers are the most prominent factors expected to boost the demand of handheld imagers in coming years. In addition, high investment for development of camera-based scanners also contributes towards the growth of handheld imagers market. A new generation of advanced and competitive barcode reader scanner has outstanding industrial standards features to increase accuracy, productivity, and user-friendly operation. However, they are available at competitive prices. Camera-based solutions provide high price-performance ratio and are user-friendly. This is further anticipated to provide new avenues for market growth in coming few years. On the other hand, technical misspecification regarding handheld imagers is expected to pose a challenge to the market growth. 

Browse through 13 Market Tables and 23 Figures spread through 110 Pages and in-depth TOC on “Global Handheld Imagers Market: By Product, Application, Type, Size, Share, Analysis, Segment and Forecast 2016 – 2022”.

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On the basis of different products market is segmented into IR scanners, stud finders, millimeter wave scanners and microbolometers. Stud finders are mainly used in the construction industry.  Internal capacitor stud finders and magnetic stud detectors are the two main types of stud finders. IR scanners are expected to witness high growth throughout the forecast period. These scanners have the ability to scan, read, and output printed codes and items to a computer. These scanners find widespread use in the construction sector. 

Millimeter wave scanners make use of special electromagnetic waves for detecting objects concealed under the person’s clothing. These are extensively used for security purpose in government buildings and airport security checkpoints. Microbolometers are used as detectors in thermal cameras. They do not require cooling unlike other infrared detecting equipment such as a thermopile, Pyroelectric, and InGaAs. Availability of low-cost microbolometers is expected to fuel market growth over the next few years. 

Browse the full "Handheld Imagers Market (Stud Finders, IR Scanners, Millimeter Wave Scanners, and Microbolometers) for Construction, Industrial, Security, Medical and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2022" report at https://www.zionmarketresearch.com/report/handheld-imagers-market

North America accounted for largest revenue share and is projected to emerge as a dominant market for handheld imagers over the forecast period. Government mandates and growing concerns about security are expected to fuel the regional market demand. The 9/11 attacks have significantly impacted the regional market demand for handheld imagers. The healthcare sector is using handheld imagers due to growing shift towards Electronic Health Records (EHR) and increased focus on patient’s health and safety. IR scanner market is dominated by North America due to increased usage in temperature measurement and spectroscopy applications.

Europe and Asia Pacific are also estimated to witness substantial growth over forecast period owing to growing security concerns. 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.

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North America is the largest market for millimeter wave technology followed by Asia Pacific and Europe. The growth of the handheld imager market in these regions is driven by the backhaul applications in the telecommunications application. North America is the earlier adopter of this technology and several players also adopted this technology to offer millimeter wave technology based products.

However, with the expected increase in demand for bandwidth-intensive applications in Europe, APAC, and rest of world, these regions are anticipated to create potential growth opportunities for the market during the forecast period. The millimeter wave technology market in North America is predicted to grow at a significant rate during the forecast period.

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The prominent players include in the handheld imagers market are C.H. Hanson., DRS Technologies, FLIR Systems, Fluke Corporation, Franklin Sensors, Raytek, Sago Systems, Stanley Black & Decker, BAE Systems, Bosch, C.H. Hanson and Zircon Corporation, Defence and Security Equipment International among others. The aforementioned market players are continuously innovating and evolving in a bid to sustain competitiveness. Furthermore, manufacturers emphasize on enhancing local presence in order to aid customers in choosing the appropriate product and services of handheld imagers. 

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The report segments global handheld imagers market as follows:

Global Handheld Imagers Market: Product Segment Analysis

• Stud finders
• IR scanners
• Millimeter wave scanners
• Microbolometers

Global Handheld Imagers Market: Application Segment Analysis

• Construction
• Industrial
• Security
• Medical
• Others

Global Handheld Imagers Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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