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Handheld Imagers Market Size in Millimeter Wave Scanner Segment is Anticipated to Grow At A CAGR of 17% by 2023

Author : Ronak Bora | Published Date : 2019-05-31 

Millimeter wave scanner segment in handheld imagers market size is projected to grow heavily at an annual rate of 17% over 2016-2023.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.

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.

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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 handheld imagers market 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. According to Global Market Insights Inc.,” Handheld imagers industry, worth over USD 1.48 billion in 2015, is projected to grow significantly at a CAGR of 12% over the period 2016-2023.”

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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.

Asia Pacific handheld imagers market size 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.

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Some of the notable players of the handheld imagers market include Bosch, DRS Technologies, Zircon Corporation, Fluke Corporation, FLIR, Stanley Black & Decker and ULIS.

About Global Market Insights:

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.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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