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Handheld Imager Market from millimeter product to grow at 17% CAGR till 2023

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Handheld Imager Market is expected to witness substantial growth rate at a CAGR of 17% CAGR over 2016 -2023

— Handheld Imager Market by millimeter wave scanner is expected to see significant CAGR of over 17% by 2023, owing to the increasing demand across commercial and government verticals. The product helps in detecting the concealed objects underneath an individual’s clothing utilizing electromagnetic radiation. Airports have witnessed growing deployment of these products to keep travelers safe by detecting weapons and any possible threats.

Construction applications are expected to exhibit substantial growth and account for over 20% of the handheld imager market share by 2023. These devices allow data collection, access to computer-aided design drawings, maintain electronic books and reference materials, estimating and scheduling applications.

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The handheld imager market finds application in an assortment of industrial areas including manufacturing and refineries. These devices are designed for rugged performance coupled with the high efficiency and durability boosting the handheld imager market share. Declining products prices have led to an increase in adoption, to achieve the low price of the products, manufacturers are focusing on their abilities to manufacture the components such as infrared sensors in the mass quantity with high yield.

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.

Some of the notable players of the handheld imagers industry include Bosch, DRS Technologies, Zircon Corporation, Fluke Corporation, FLIR, Stanley Black & Decker and ULIS.
Browse key industry insights spread across 84 pages with 37 market data tables & 29 figures & charts from the report, “Handheld Imager Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/handheld-imager-market-report

Glimpse of Table of Content (ToC): -

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
Chapter 5 Handheld Imager Application Insights
5.1. Handheld imager market share by application, 2015 & 2023
5.2. Industrial
5.2.1. Market estimates and forecasts by region, 2012 - 2023
5.3. Medical
5.3.1. Market estimates and forecasts by region, 2012 – 2023
5.4. Construction
5.4.1. Market estimates and forecasts by region, 2012 - 2023
5.5. Security
5.5.1. Market estimates and forecasts by region, 2012 – 2023
5.6. Others
5.6.1. Market estimates and forecasts by region, 2012 – 2023

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/handheld-imager-market-report

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Organization: Global Market Insights Inc.
Website: https://www.gminsights.com/pressrelease/handheld-imager-market-size

Source URL: https://marketersmedia.com/handheld-imager-market-from-millimeter-product-to-grow-at-17-cagr-till-2023/88918689

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Release ID: 88918689

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