San Francisco, California, June 23, 2015 (GLOBE NEWSWIRE) -- The global hand-held imagers market is anticipated to reach USD 3.45 billion by 2022, according to a new study by Grand View Research, Inc. Technological developments have led to the emergence of new innovative products, which has significantly broadened the scope for hand-held imagers in several application areas. Growing demand across the security industry is expected to be the key force driving the hand-held imagers market over the next few years. Development and usage of amorphous silicon (a-Si) in manufacturing imaging solutions is also expected to favorably impact market growth. Amorphous silicon is a preferred raw material as it is its cost-effective and easy to manufacture.
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Rise in adoption across the industrial and construction sector is expected to provide avenues for hand-held imagers market growth. In addition, decline in microbolometer cost is also expected to fuel market demand over the next few years. Government mandates coupled with growing adoption of infrared solutions mainly across airports and government buildings are anticipated to impel growth in the security sector. The medical sector is expected to exhibit significant growth and high market penetration on account of rising concerns regarding patients' health and safety. Increasing adoption of imaging solutions in the medical sector to diagnose patients' epidemics is expected to fuel growth in this segment.
Further key findings from the study suggest:
- IR scanners exhibit high growth potential, which may be primarily attributed to decline in product prices. Further, stud finders are also anticipated to witness rapid growth owing to growing demand across the construction sector.
- On account of growing security concerns and rising terror threats, the security segment emerged as the dominant application segment in 2014, and accounted for over 30% of the overall market in the same year. Rising security concerns and increased adoption in government buildings and airports is expected to significantly spur the hand-held imagers market demand over the next seven years.
- North America accounted for significant market share in 2014, and is expected to emerge as a dominant regional market over the forecast period. Government mandates and growing concerns regarding security are expected to increase the regional market demand.
- Key players in the hand-held imagers market include ULIS, Fluke Corporation, Zircon Corporation and FLIR Systems. The aforementioned industry participants are continuously innovating and evolving in a bid to uphold competitiveness. Further, manufacturers emphasize on enhancing local presence in order to aid customers in choosing the appropriate product.
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For the purpose of this study, Grand View Research has segmented the global hand-held imagers market on the basis of product, application, and region:
Hand-held Imagers Product Outlook (Revenue, USD Million, 2012 - 2022)
- Stud finders
- IR scanners
- Millimeter wave scanners
Hand-held Imagers Application Outlook (Revenue, USD Million, 2012 - 2022)
Hand-held Imagers Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Browse to access more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
This market research report by Grand View Research can also be accessed @ https://www.linkedin.com/pulse/hand-held-imagers-market-anticipated-reach-345-billion-sherry-james?published=t
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Source:Grand View Research