Handheld Imagers Market in Millimeter Wave Scanner Segment Will Grow at Annual Rate Of 17% By 2023

Millimeter wave scanner handheld imagers market is projected to grow heavily at an annual rate of 17% by 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.

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.

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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.

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 market. Ability to detect weapons, explosives, and other dangerous objects will also propel the regional demand.

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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.

Some Point from Table of Contents:

Data Tables:

TABLE 1        Handheld imager industry 3600 synopsis, 2012 – 2023

TABLE 2        Global handheld imagers market (USD Million), 2012 – 2023

TABLE 3        Global handheld imager market by region (USD Million), 2012 – 2023

TABLE 4        Global handheld imager market by product, (USD Million), 2012-2022

TABLE 5        Global handheld imagers market by application, (USD Million), 2012 – 2023

TABLE 6        Growth drivers

TABLE 7        Industry pitfalls & challenges

TABLE 8        Global stud finders market demand (USD Million), 2012 – 2023

TABLE 9        Global stud finders market demand by region (USD Million), 2012 – 2023

TABLE 10       Global IR scanners market demand (USD Million), 2012 – 2023

TABLE 11       Global IR scanners market demand by region (USD Million), 2012 – 2023

TABLE 12       Global millimeter wave scanners market demand (USD Million), 2012 – 2023

TABLE 13       Global millimeter wave scanners market demand by region (USD Million), 2012 – 2023

TABLE 14       Global microbolometers market demand (USD Million), 2012 – 2023

TABLE 15       Global microbolometers market demand by region (USD Million), 2012 – 2023

TABLE 16       Global market demand in construction (USD Million), 2012 – 2023

TABLE 17       Global market demand in construction by region (USD Million), 2012 – 2023

TABLE 18       Global market demand in industrial (USD Million), 2012 – 2023

TABLE 19       Global market demand in industrial by region (USD Million), 2012 – 2023

TABLE 20       Global market demand in security (USD Million), 2012 – 2023

TABLE 21       Global market demand in security by region (USD Million), 2012 – 2023

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