Handheld Imagers Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Handheld Imagers Market in 2025 is evaluated at USD 5.77 billion. The global market size was valued at over USD 5.21 billion in 2024 and is expected to grow at a CAGR of more than 13.4%, surpassing USD 26.72 billion by 2037. North America is expected to attain USD 10.69 billion by 2037, led by stricter aviation security regulations and increasing criminal threats.
The market growth is ascribed to 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 fuel the global handheld imagers market revenue.
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 USD 850 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 boosting the market size.
