4th January 2020 – Global Handheld
Imager Market Research Report Presents Intellect by Leading Players,
Type, Applications, Distribution Channel, Consumption, Revenue (Mn/Bn USD) and
Region –Forecast to 2022.
The global handheld imager 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.
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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.
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 security segment has also witnessed substantial growth owing to the.
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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