Handheld Imagers Market size was over USD 5.21 billion in 2024 and is poised to exceed USD 26.72 billion by 2037, growing at over 13.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of handheld imagers is estimated at USD 5.77 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.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
13.4% |
Base Year Market Size (2024) |
USD 5.21 billion |
Forecast Year Market Size (2037) |
USD 26.72 billion |
Regional Scope |
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Product (IR scanners, Stud Finders, Millimeter Wave Scanners, Microbolometers)
The global handheld imagers market is segmented and analyzed for demand and supply by product into IR scanners, stud finders, millimeter wave scanners, and microbolometers. Among these segments, the stud finders segment is anticipated to capture the largest market size in the global handheld imagers market owing to the increasing demand for finding the right base and strength for houses. Stud Finder is a portable device used to find studs by detecting variations in the density of the wall, such as drywall on wood structures. Moreover, product developments and advancements are further expected to drive segment growth. For instance, a stud finder manufacturer, Zircon Corporation, launched the SuperScan K2, K4, and ExitPoint XL500 Through-Hole Drill Guides at the International Hardware Fair 2022 in Köln.
Our in-depth analysis of the global handheld imagers market includes the following segments:
By Product |
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By Application |
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North America industry is likely to hold largest revenue share of 40% by 2037, With increasing government regulations on aviation security and terrorist threats, the demand for handheld imagers is expected to rise in the region during the forecast period. For instance, the U.S. Department of Homeland Security is raising the baseline for aviation security internationally. There are over 280 last-point-of-departure airports in 105 countries offering direct commercial flights to the U.S. Moreover, rising criminal activities and security concerns in the region are also anticipated to drive market growth during the forecast period.
Zoro Tools, Inc.
Teledyne FLIR LLC, introduced the Neutrino LC CZ 15-300, designed for integrated solutions that require crisp, long-range MWIR imaging in SD or HD.
Robert Bosch GmbH introduced the GLM 100-25 C and the GLM 150-27 C, a series of precision laser measures with cameras, which provide high accuracy over distances up to 150 meters.
Author Credits: Abhishek Verma
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