Handheld Imagers Market Size, Share, & Growth Drivers 2032

Handheld Imagers Market Size

According to a report from Zion Market Research, the global Handheld Imagers Market was valued at USD 3.88 Billion in 2023 and is projected to hit USD 12.66 Billion by 2032, with a compound annual growth rate (CAGR) of 12.6% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Handheld Imagers Market industry over the next decade.

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Handheld Imagers Market: Overview

Increasing IT consumerization and development of advanced microbolometers has redefined the application development landscape. High investment in developing camera-based scanners is likely to augment the market demand over the foreseen period.

The handheld imagers market is highly competitive, with existing players facing tough competition from new vendors entering the market. The new players in the market are launching new products to meet users need. For instance, in August 2017, Fluke launched “Fluke 3550 Thermal Imaging Sensor to Condition Monitoring” system to meet user needs and foster the growth of handheld imagers market.

COVID-19 Impact Analysis:

The restrictions imposed by various nations to contain COVID had stopped the demand and supply, resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and their's a surge in demand. The market would remain bullish in upcoming year.  The significant decrease in the Global Handheld Imagers market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Handheld Imagers Market: Growth Factors

Development of advanced microbolometers and increasing IT consumerization are the most prominent reasons likely to drive the growth of handheld imagers market in years to come, as per analysts at Zion Market Research. Apart from this, high investment for enhancement of camera-supported scanners also adds to the development of handheld imagers market. A new generation of competitive & advanced barcode reader scanner has exceptional industrial features & standards to elevate productivity, accuracy, and user-friendly operation, boosting the handheld imagers market. On the other hand, they are obtainable at competitive costs. Camera-supported solutions are user-friendly and offer high cost-performance ratio. This is further likely to offer new opportunities for growth of handheld market in years to come.

Handheld Imagers Market: Segmentation

Segment Analysis Preview  

Based on different products, the handheld imagers market is divided into stud finders, IR scanners, microbolometers, and millimeter wave scanners. Stud finders are majorly employed in the construction sector, and are likely to hold the major share in the market.

Application Analysis Preview

Based on the application, the market of Handheld Imagers has been segmented as Construction, Industrial, Security, Medical, and Others. With more than 30.5% revenue contribution, the construction segment was leading the handheld imagers market in 2020 due to increase in demand.

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Handheld Imagers Market: Report Scope

Handheld Imagers Market: Regional Analysis

North America added up for biggest income share in handheld imagers market and is likely to surface as a dominant area in the handheld imagers market in the near future. The Middle East & Africa is likely to be one of the quickest developing areas for handheld imagers markets in the years to come.

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Key Market Players & Competitive Landscape

The major players operating Handheld Imagers market are:

• C.H. Hanson.
• DRS Technologies
• FLIR Systems
• Fluke Corporation
• Franklin Sensors
• Raytek
• Sago Systems
• Stanley Black & Decker
• BAE Systems
• Bosch
• C.H. Hanson
• Defence and Security Equipment International 
• Zircon Corporation

The global Handheld Imagers market is segmented as follows:

By Product

• Stud finders
• IR scanners
• Millimeter wave scanners
• Microbolometers

By Applications    

• Construction
• Industrial
• Security
• Medical 
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa