Handheld Imager Market in Asia Pacific to grow at 13% CAGR from 2016 to 2023
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.
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 individual’s 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.
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.
Browse key industry insights spread across 84 pages with 37 market data tables & 29 figures & charts from the report, "Handheld Imager Market Size By Application (Medical, Security, Industrial, Construction), By Product (Millimeter Wave Scanner, IR Scanner, Stud Finder, Microbolometer), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/handheld-imager-market
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.
This latest Handheld Imager Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the handheld imager industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Reasons to Buy This Report
- Global Handheld Imager Market size & forecast by product & application.
- Growth drivers, pitfalls & industry challenges.
- Key Handheld Imager Market growth opportunities & emerging business models.
- Competitive benchmarking with market share analysis and company profiles.
Table 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
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. Porter’s analysis
3.7. Competitor landscape, 2015
3.8. PESTEL analysis
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