Handheld Imagers Market is Expected to Reach $3.30 Billion by 2022

Zion Market Research has published a new report titled "Handheld Imagers Market (Stud Finders, IR Scanners, Millimeter Wave Scanners, and Microbolometers) for Construction, Industrial, Security, Medical and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014-2022". According to the report, global handheld imagers market was valued at around USD 1.63 billion in 2016 and is expected to reach approximately USD 3.30 billion in 2022, growing at a CAGR of slightly above 12.5% between 2017 and 2022.

Increasing IT consumerization and development of advanced microbolometers are the most prominent factors expected to boost the demand of handheld imagers in coming years. In addition, high investment for development of camera-based scanners also contributes towards the growth of handheld imagers market. A new generation of advanced and competitive barcode reader scanner has outstanding industrial standards features to increase accuracy, productivity, and user-friendly operation. However, they are available at competitive prices.

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Camera-based solutions provide high price-performance ratio and are user-friendly. This is further anticipated to provide new avenues for market growth in coming few years. On the other hand, technical misspecification regarding handheld imagers is expected to pose a challenge to the market growth.

On the basis of different products market is segmented into IR scanners, stud finders, millimeter wave scanners and microbolometers. Stud finders are mainly used in the construction industry. Internal capacitor stud finders and magnetic stud detectors are the two main types of stud finders. IR scanners are expected to witness high growth throughout the forecast period. These scanners have the ability to scan, read, and output printed codes and items to a computer. These scanners find widespread use in the construction sector.

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Millimeter wave scanners make use of special electromagnetic waves for detecting objects concealed under the person’s clothing. These are extensively used for security purpose in government buildings and airport security checkpoints. Microbolometers are used as detectors in thermal cameras. They do not require cooling unlike other infrared detecting equipment such as a thermopile, Pyroelectric, and InGaAs. Availability of low-cost microbolometers is expected to fuel market growth over the next few years.

North America accounted for largest revenue share and is projected to emerge as a dominant market over the forecast period. The Middle East and Africa is expected to be one of the fastest growing regional markets for handheld imagers in the coming years.

The prominent players include in the handheld imagers market are C.H. Hanson., DRS Technologies, FLIR Systems, Fluke Corporation, Franklin Sensors, Raytek, Sago Systems, Stanley Black & Decker, BAE Systems, Bosch, C.H. Hanson and Zircon Corporation, Defence and Security Equipment International among others. The aforementioned market players are continuously innovating and evolving in a bid to sustain competitiveness. Furthermore, manufacturers emphasize on enhancing local presence in order to aid customers in choosing the appropriate product and services of handheld imagers.

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