Handheld Imager Market size to exceed revenue of USD 3.77 billion by 2023, at 12% CAGR by 2023 - PowerPoint PPT Presentation

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Handheld Imager Market size to exceed revenue of USD 3.77 billion by 2023, at 12% CAGR by 2023

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Global Handheld Imager Market size is expected to reach USD 3.77 billion by 2023; as per a new research report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Handheld Imager Market size to exceed revenue of USD 3.77 billion by 2023, at 12% CAGR by 2023


1
Handheld Imager Market size forecast to cross USD
3.77 billion by 2023, at 12 CAGR from 2016 to
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Handheld Imager Market
  • Global IR scanner market size was over USD 1.3
    billion in 2015, and is forecast to grow at 11.4
    CAGR from 2016 to 2023. Purchase decision is
    dependent on factors including hardware
    capability, software, product cost, quality and
    the associated technical support and service.
  • These devices determine when and where
    maintenance is needed in order to take preventive
    action and avoid expensive production breakdowns,
    which will contribute to handheld imager market
    size.
  • Construction applications will grow at 12.8 CAGR
    from 2016 to 2023. Developing infrastructure and
    rising need for implementing imaging solutions
    that are in line with other operations and
    processes are projected to fuel growth.

3
Continued...
  • Medical applications were valued at just over USD
    200 million in 2015. Considerable scope in
    patient diagnosis and monitoring will be
    responsible for expected growth across the
    sector.
  • U.S. handheld imager market share was over 25 of
    the global revenue in 2015. Asia Pacific is
    expected to grow at the fastest rate over the
    forecast timeline.
  • Use cases in the petrochemical industry include
    accurate and rapid diagnosis for furnace
    maintenance, condenser fin diagnosis and
    refractory loss management.
  • Major competitors accounting for handheld imager
    market share include Zircon Corporation, FLIR
    Systems, and ULIS. As a part of their growth
    strategy, FLIR emphasizes on facilitating
    customer application through innovation and
    expanding presence into new markets by investing
    in product development and improving sales
    capabilities. ULIS emphasizes on innovation in
    order to offer compact and low-cost products,
    thereby enabling it to address new trends in
    energy efficienc

4
U.S. handheld imager market share, by product,
2012-2023 (USD Million)

5

Browse Full Market Research Report of Handheld
Imager Market _at_ http//goo.gl/K8mf1H Request
for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/4
92
6
360 Analysis
  • Application Analysis
  • Global handheld camera market share in security
    applications was over 35 in 2015, mainly due to
    rapid urbanization and increased security
    measures on a global scale. Professional
    surveillance demand and high investment in
    infrastructure systems are also responsible for
    revenue generation across the segment.
  • Regional Analysis
  • Asia Pacific handheld imager market share was
    approximately 22.5 of the global revenue in
    2015. Need for synchronization of operations and
    processes in order to reduce costs has resulted
    in growing adoption. Security applications such
    as detection of weapons, improvised explosives,
    containers with liquids and other suspicious
    objects concealed under clothing are set to
    surpass USD 250 million by 2023 in the regional
    industry.
  • Competitive Market Share
  • Key players for the handheld camera market
    include FLIR Systems, Zircon Corporation, ULIS,
    etc. Manufacturers focus on product
    differentiation on the basis of technology and
    performance, as well as target emerging
    applications to leverage growth opportunities.


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