ICT & Electronics Handheld Imagers Market | Page 2

The global handheld imagers market is segmented into product such as IR
scanners, stud finders, millimeter wave scanners and microbolometers. Among
these segments, IR scanners segment is expected to occupy the top position in
handheld imagers market during the forecast period. Wide scale application of IR
scanners in several industries is anticipated to foster the growth of IR scanners
market. On the other hand, millimeter wave scanners segment is anticipated to
witness noteworthy growth during the forecast period owing to their rising
demand for security purposes.
Global handheld imagers market is expected to flourish at a CAGR of 13.0% over
the forecast period. Moreover, the global handheld imagers market was held at a
valuation of USD 1.6 Billion in 2016. Rising demand for handheld imagers in
security industries and technological advancement coupled with decreasing cost
of device are believed to be the dynamic factor behind the growth of handheld
imagers market during the forecast period.
North America dominated the overall handheld imagers market in 2016. Further,
North America is expected to continue its dominance over the forecast period due
to the surging adoption of handheld imagers for aviation security purposes.
Moreover, stringent government regulations owing to the rising terrorism threats
in the region are anticipated to fuel the growth of North America handheld
imagers market. Asia Pacific is projected to grow at a considerable CAGR during
the forecast period. Increasing utilization of handheld imagers at government
buildings and airport checkpoints for security purposes is driving the growth of
handheld imagers market in the region.
Technological Advancement and Innovations
Innovations and technological developments associated with handheld imagers
such as lightweight and miniaturization of device is fuelling the growth of
handheld imagers market. Further, continuous decline in the price is expected to
accelerate the growth of the global handheld imagers market. Moreover,
development of advanced micro-bolometers and camera based scanners is also
anticipated to garner the growth of the handheld imagers market.
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Rising Utilization in Security Sector
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