Handheld Imagers Market Size

  • Report ID: 265
  • Published Date: Jun 24, 2024
  • Report Format: PDF, PPT

Handheld Imagers Market Size

Handheld Imagers Market size was over USD 4.54 Billion in 2023 and is anticipated to reach USD 23.82 Billion by the end of 2036, growing at around 13.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of handheld imagers is assessed at USD 5.16 Billion. The growth of the market is primarily ascribed to the advancements in technology and improved manufacturing processes. For instance, it was observed that nearly 82% of manufacturers cited smart factories as a key to their future success in 2021. The manufacturing industry is increasingly embracing new technologies, such as robotics in R&D and computer vision in warehouses. This factor enhances the manufacturing of advanced digital products on a large scale, which is expected to enlarge global handheld imagers market during forecast period.

Handheld imagers have many advantages, including the ability to scan barcodes, verify a person's age, and scan documents. An infrared (IR) camera captures images by using infrared radiation and thermal energy to obtain information about things in low-light environments. Moreover, in order to provide innovative products, companies invest a lot in research and development operations. For instance, a combined amount of USD850 billion was spent on R&D by the Top 1000 Companies in 2018. R&D expenditures by the Top 1000 companies represented about 35-40% of all global R&D spending. To maximize profits, companies focus on improving and ensuring robust distribution channels and technical services. Furthermore, security concerns, advancements in technology along with increasing adoption in a variety of applications such as security, medical, construction and industrial areas are other factors anticipated to drive global handheld imagers market during forecast period.


Handheld Imagers Market Overview
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Author Credits:  Abhishek Verma


  • Report ID: 265
  • Published Date: Jun 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of handheld imagers is assessed at USD 5.16 Billion.

The handheld imagers market size was over USD 4.54 Billion in 2023 and is anticipated to reach USD 23.82 Billion by the end of 2036, growing at around 13.6% CAGR during the forecast period i.e., between 2024-2036. Rising terrorism and criminal attacks along with widespread use in various industries such as security, medical, construction and industrial areas are the major factors driving the growth of the market.

North America is projected to account for largest industry share by 2036, driven by increasing government regulations on aviation security and terrorist threats.

Zoro Tools, Inc., Fluke Corporation, Teledyne FLIR LLC, Leonardo DRS, Inc., General Dynamics Corporation, BAE Systems, Robert Bosch GmbH, Raytek-Direct, Zebra Technologies Corp., Opgal Optronic Industries Ltd.
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