The key driver impacting the handheld imagers market is the growing concerns for security at government and airports with its rising applications in the medical industry. The ability to locate, track and capture criminals in adverse conditions is driving the demand for handheld imagers. The Camera-based solutions provide a high price-performance ratio and facilitate ease of use, are stimulating the market demand. Moreover, Increasing IT consumerization and the development of advanced microbolometers have redefined the application development landscape, contributes to handheld imagers market demand later.
According to Value Market Research, the global Handheld imagers market size was valued at about USD 2.7 billion in 2020 and is estimated to grow at a CAGR of around 12.5% during the forecast period 2021 to 2027.
The high investment in developing camera-based scanners will likely augment handheld imager's demand in the forecast period. Also, technological innovation has led to the miniaturization and development of lightweight handheld imagers, which are positively impacting the market growth. However, the unsuitable in certain environments hamper the market in the long run. In addition, the inability to function effectively in case of the presence of water and glass, particularly in case of high temperature, may Nevertheless, the market trends, such as the surging demand across several applications, might provide considerable opportunities to the market's leading players.
The Handheld imagers market is widespread, with many local and international players. The market leaders follow diverse strategies such as amalgamation, extending product portfolio, acquisitions, contracts, product upgrades to strengthen their market share globally. The key players in the report are Fluke Corporation, Zircon Corporation, FLIR Systems, Fluke Corporation, and ULIS.
In this research report, the Handheld imagers market is segmented by product, application, and region.
Analysis by Product:
By product, the report is segmented into stud finders, IR scanners, millimeter-wave scanners, and microbolometers. The HPLC grade water segment dominates the product segment with the highest share in 2020. It is due to the beneficial features associated with IR scanners such error reduction, inventory control and time savings which leads to a high degree of usage across various applications Moreover, ability to scan and print output printed codes to computer contribute to the growth of the IR scanners segment.
Analysis by Application:
By application, the report is segmented into construction, industrial, security, medical, and others. The Security applications segment dominates the application segment with the highest share in 2020. It is due to the expanding demand for security solutions and rapid urbanization. Also, the increasing government investments in airports and stations on a global scale enhance safety and security, thus stimulating market demand for security applications.
Analysis by Region:
In the regional overview of the global Handheld imagers market, the North America region dominates with the largest market share in 2020. It is due to the increase in criminal activities and security breaches. Moreover, strict government regulations and norms to mandate the usage in airport security are expected to drive the U.S. handheld imager market size to contribute to the tremendous market growth across the North America region.
Market Segmentation covered in the Report:
By Product
- Stud Finders
- IR Scanners
- Millimeter Wave Scanners
- Microbolometers
By Application
- Construction
- Industrial
- Security
- Medical
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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