Title: Handheld Imager Market to expand $3.5bn by 2023
1Global Handheld Imager Market to grow 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
- An outlook on handheld imager market growth is
presented in this latest research report that
reviews industry growth drivers, trends, regional
factors companies as well as provides forecasts
for next few years. According to Global Market
Insights Inc., Handheld imagers industry, worth
over USD 1.48 billion in 2015, is projected to
grow significantly at a CAGR of 12 over the
period 2016-2023. Escalating terrorist attacks
and criminal nuisances across the globe will push
global handheld imagers market. - Security concerns, especially at airports and
stations due to the heavy crowd, is propelling
the demand for handheld imagers across the globe.
With the advent of technology, these imagers
provide excellent features, such as barcode
scanning, age verification, document scanning. - Furthermore, prominent industry players are
continuously investing in research activities to
propose new thermal camera-based handheld imagers
that will combat the fierce situational threat by
ensuring adequate security.
3Europe Handheld Imager Market size, by
application, 2012-2023 (USD Million)
4Continued...
- Based on product trends, handheld imagers market
is fragmented into IR scanner, millimeter wave
scanner, stud finder, and microbolometer. IR
scanner industry is forecast to dominate the
industry in the years ahead, driven by the
excellent characteristics of these scanners such
as inventory control, high-quality output, and
time-efficiency. - In addition, IR scanners, which are used for
scanning and printing output codes from the
computer will further fuel market demand,
especially in the construction sector. Stud
finder industry is also expected to witness
substantial growth rate at a CAGR of 17 CAGR
over 2016 -2023. - Millimeter wave scanners, which help sense
objects hidden in an individuals clothing
through electromagnetic radiation will also
lucratively contribute to market growth. Airport
security is one sector where these scanners are
increasingly used for sensing any possible
threat. Millimeter wave scanner handheld imagers
industry is projected to grow heavily at an
annual rate of 17 over 2016-2023.
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92
6Continued...
- North America handheld imagers industry accounted
for the largest share in terms of revenue in
2015, and is poised to grow significantly at a
CAGR of 12 over the period 2016-2023. High
prevalence of criminal activities will prompt
handheld imagers market to prosper in this
region. Strict regulatory framework regarding
security concerns at airports will stimulate U.S.
handheld imagers industry. - Asia Pacific market is anticipated to witness
noteworthy growth at an annual CAGR of 13 over
2016 -2023. High-security requirements will also
enhance the regional demand. Moreover, the rising
need to synchronize the scanning process to
achieve overall cost reduction will result in
substantial growth in India and China handheld
imagers industry. - Ability to detect weapons, explosives, and other
dangerous objects will also propel the regional
demand. Driven by cost effectiveness, Europe is
also expected to be one of the prominent regions
to exhibit significant growth over the coming six
years.
7Continued...
- Medical application, which is actively partaking
in the handheld imagers market, is anticipated to
have a steady growth in future owing to the
increasing patient health concerns. Advanced
features, such as antimicrobial and aggressive
decoding performance is having a positive
influence on handheld imagers industry. - Although security application accounts for a
large share of the market, handheld imagers
market from the industrial segment is also
expanding considerably owing to high product
efficiency and durability. - Some of the notable players of the handheld
imagers industry include Bosch, DRS Technologies,
Zircon Corporation, Fluke Corporation, FLIR,
Stanley Black Decker and ULIS.
8Table Content of Handheld Imager Market
- Chapter 1 Methodology Scope
- 1.1 Research Methodology
- 1.1.1 Initial data exploration
- 1.1.2 Statistical modeling and forecast
- 1.1.3 Industry insights and validation
- 1.2 Data Sources
- Chapter 2 Executive Summary
- 2.1 Handheld imager industry 3600
synopsis, 2012 - 2023 - 2.1.1 Business trends
- 2.1.2 Regional trends
- 2.1.3 Application trends
9Continued...
- Chapter 3 Handheld Imager Industry Insights
- 3.1. Industry segmentation
- 3.2. Industry size and forecast, 2012 -
2023 - 3.3. Industry ecosystem analysis
- 3.4. Industry impact forces
- 3.4.1. Growth drivers
- 3.4.1.1. High demand across application
industries - 3.4.1.2. Technological innovation
- 3.4.2. Industry pitfalls challenges
- 3.4.2.1. Unsuitable in certain environments
- 3.5. Growth potential analysis
- 3.6. Porters analysis
- 3.7. Competitor landscape, 2015
- 3.8. PESTEL analysis
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