Handheld Imager Market Analysis

Handheld Imager Market Analysis

Security applications accounted for over 35% of the handheld imager market share in 2015, and will remain the dominant segment on account of the expanding demand for security solutions and rapid urbanization. Increasing government investments in airports, and stations on a global scale to enhance safety and security is predicted to fuel demand in the coming years. Rising terrorism and criminal activity will prove favorable for revenue growth.

The handheld imager market size in the industrial sector was considerable, and is set to witness significant growth as these scanners are reliable and durable in nature. Moreover, Direct Park Marking (DPM) technology enhances barcode reading performances as it allows directly to mark barcode instead of printing on paper label.

Medical applications are poised to witness substantial growth over the future owing to rising patient health and safety concern. Increasing focus to diagnose and monitor patients are increasing the adoption. Furthermore, advance features such as aggressive decoding performance and antimicrobial may influence the handheld imager market growth.

Stud finders market size is expected to observe substantial growth at over 17% CAGR from 2016 to 2023. Increasing need to implement imaging solutions that are compatible with the other operations are expected to augment the growth.

IR scanner market share is expected to dominate the industry over forecast period accredited to the high degree of usage across applications. Features such as error reduction, inventory control and time savings may increase the adoption in coming years. Furthermore, ability to scan and print output printed codes to computer are expected to increase the demand in the construction segment. Millimeter wave scanners may also witness high adoption rate from 2016 to 2023 as they detect concealed objects.<

North America represented the largest regional industry in 2015, it is projected to grow at CAGR of nearly 12% over the next few years due to increase in criminal activities and security breaches. Stringent government regulations and norms to mandate the usage in airport security are expected to drive the U.S. handheld imager market size.
 

Asia Pacific is anticipated to witness noteworthy growth at over 13% CAGR from 2016 to 2023. High security requirements will enhance the regional demand. Moreover, rising need to synchronize process and operations to reduce cost have also resulted in growth across the India and China handheld imager market. Ability to detect weapons, explosives, and other dangerous objects will also contribute to regional demand.
 

Europe handheld imager market share may observe considerable adoption over the coming years owing to reduce in the manufacturing cost. Moreover, increasing usage of technology such as silicon microbolometer provides benefits including sharp moving objects and minimum power consumption that will boost the regional demand.