Handheld Imager Market to Grow at CAGR of 12% Via Stud Finders Sector By 2023

Product segmentation of the handheld imager market indicates that stud finders will experience a CAGR of approximately 12% during the forecast timespan as they aid the construction industry in the accurate location of framing studs behind walling surfaces. Millimeter scans are largely used in malls, airports and wide public spaces for the conduction of full body scans in short time durations. IR scanners in the handheld imager market are predicted to exhibit a decline in product prices and high adoption across various sectors such as construction and security.

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 market is projected to grow heavily at an annual rate of 17% over 2016-2023.

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The rising trend of miniaturization and need for increasing the range of these equipment has led to rapid development in the handheld imager market to cater to this demand. Technological advancements have led to the rise of infrared imaging, and the ability to use these equipment in the dark and smoke. The usage of cost-efficient raw materials such as amorphous silicon in the manufacturing of these devices is also expected to fuel the decline in the overall market prices and propel market.

Handheld Imager Market is set to grow at a CAGR of over 12% during the forecast timespan and is attributed to the increase in security concerns and rapid need for document scanning around the globe. These devices have high application in the security and defense sector as they aid in the detection of contraband and explosives in airports and other high security locations. This equipment reduces the discomfort of the person being scanned and is more convenient for usage than magnetometers for usage at airports.

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North America handheld imagers market 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.

Some Point from Table of Contents:

Chapter 4         Handheld Imager Product Insights    

4.1.        Handheld imager market share by product, 2015 & 2023

4.2.        IR scanner

4.2.1.    Market estimates and forecasts by region, 2012 – 2023

4.3.        Millimeter wave scanner

4.3.1.    Market estimates and forecasts by region, 2012 – 2023

4.4.        Stud finder

4.4.1.    Market estimates and forecasts by region, 2012 – 2023

4.5.        Microbolometer

4.5.1.    Market estimates and forecasts by region, 2012 – 2023

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