The global Handheldimager market size is expected to value at USD 3.45 billion by 2022. The market is subject to witness a substantial growth due to the increasing demand from various end-user industry verticals. In addition, growing demand from untapped application areas is expected to foster the growth of handheld imagers industry over the forecast period. Rise in IT consumerization and development of advanced micro bolometers, led to the creation of application development landscape.
Massive
spending for production of camera-based scanners is predicted to boost the
handheld imagers market demand over the forecast period. Use of camera-based
solutions offers a high performance ratio, cost-effectiveness and facilitate
ease of use, thus propelling market growth over the next seven years. Globally,
the handheld imagers industry is predicted to grow at higher CAGR in the
forecast period, providing numerous opportunities for market players to invest
for research and development in the market.
Technological
innovation has led to the miniaturization and development of lightweight
handheld imagers, which is expected positively impact market growth over the
forecast period. Availability of cost effective handheld imagers owing to mass
production, and a wide range of diverse applications integrating this
technology are anticipated to be the key market drivers. Further, the handheld
imagers market is also expected to witness growth owing to declining product
price.
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The
handheld imagers industry is broadly categorized into four major segments based
on the application type such as building & construction industry,
industrial sector, security, and medicine sector. The building &
construction industry is considered as one of the fastest growing segment in
the market of handheld imagers with substantial revenue generation in the last
few years. Growing popularity of handheld imagers in the building &
construction segment is attributed to their several benefits such as lower
cost, lower power consumption and lightweight quality.
The
handheld imagers market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
building & construction industry, increase in the number of government
mandates that are pertaining to terrorist threats and aviation security, and
existence of well-established manufacturing infrastructure in the region.
Asia-Pacific
region is predicted to hold major market share in the handheld imagers with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with strong economic growth, favorable
government initiatives, and significant investment by leading industry players
considering potential growth opportunities in the region. The key players in
the handheld imager industry are ULIS, Inc., Fluke Co., Zircon Co., and FLIR
Systems, Inc.
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The
handheld imagers industry is broadly categorized into four major segments based
on the application type such as building & construction industry,
industrial sector, security, and medicine sector. The building &
construction industry is considered as one of the fastest growing segment in
the market of handheld imagers with substantial revenue generation in the last
few years. Growing popularity of handheld imagers in the building &
construction segment is attributed to their several benefits such as lower
cost, lower power consumption and lightweight quality.
The
handheld imagers market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
building & construction industry, increase in the number of government
mandates that are pertaining to terrorist threats and aviation security, and
existence of well-established manufacturing infrastructure in the region.
Asia-Pacific
region is predicted to hold major market share in the handheld imagers with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with strong economic growth, favorable
government initiatives, and significant investment by leading industry players
considering potential growth opportunities in the region. The key players in the
handheld imager industry are ULIS, Inc., Fluke Co., Zircon Co., and FLIR
Systems, Inc.
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