In a recent published report, Kenneth Research has updated the market report for Handheld Imagers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Handheld Imagers Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Highlights of This Business Report:
The global handheld imagers market was valued at USD 1.6 billion in 2016 and is expected to reach USD 5 billion in 2024, growing at a CAGR of 13% during the forecast period. The major reasons that will drive the growth of the market include the escalating terror attacks and criminal nuisances across the globe. The 9/11 attack have significantly impacted the demand for the handheld imagers.
Global Handheld Imagers Market Overview
The global handheld imagers industry is driven by the improving manufacturing process and advancements in technology. Companies invest enormously in research and development operations for offering innovative products to sustain in the handheld imagers market. Companies are focusing on improving and ensuring robust distribution channel and enhanced technical services in order to achieve maximum profits. Handheld imagers provide various benefits such as barcode scanning, age verification and document scanning.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Regional Market).”
The companies provide different types of handheld scanners that suit the requirement of the users. The most prominent among them is the handheld thermal imager. They are very popular in many industries and applications as a non-contact temperature measurement device including HVAC, automotive, building, inspection, energy audits, plant maintenance, electrical contractors, insulation experts and many more. These handheld imagers provide various features such as voice annotation, video output, and resolution and image refresh rate.
Declining handheld imager market price trend is anticipated to increase the demand across several industry verticals. Increasing R&D investments have also contributed to low production cost thereby improving manufacturing technique. Product miniaturization to address the growing demand for light portable devices will drive the industry growth over a forecast period.
Market Size and Forecast
The global handheld imagers market was valued at USD 1.6 billion in 2016 and is expected to reach USD 5 billion in 2024, growing at a CAGR of 13% during the forecast period. The major reasons that will drive the growth of the market include the escalating terror attacks and criminal nuisances across the globe. The 9/11 attack have significantly impacted the demand for the handheld imagers. Moreover, security concerns, especially at airports and stations due to the heavy crowd, are propelling the demand for handheld imagers across the globe. Moreover, the advancements in technology such as infrared imaging will push the market to the global level.
North America will dominate the market due the adoption of millimetre wave technology, followed by Asia Pacific and Europe. The Europe and Asia Pacific will witness substantial growth over the forecast period owing to growing security concerns across the regions. Asia Pacific with the highest number of patents for microbolometers is anticipated to witness considerable growth over the forecast period. The Asia-Pacific market is growing with robust growth rate, as compared to other regions for microbolometer IR detector market due to its continuous economic growth and large manufacturing base.
Leading Key Players of Global Market
Zircon Corporation
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
Fluke Corporation
FLIR
DRS Technologies
General Dynamics Corporation
Raytek
Sago Systems
BAE Systems
CH Hanson
Bosch
Scope and Context
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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Table of Content:
- Executive Summary
- Research Methodology
- Global Market Size (USD Million) and Forecast
- Market Dynamics & Its Impact Analysis
- Global Market Segmentation Analysis
- Porter’s Five Force Model Analysis
- Competitive Landscape
- Company Overview
- Financial Performance
- Key Products
- Business Strategy
- Recent Developments
- SWOT Analysis
WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
- Key Topic Covered in this Report
- Market Growth Opportunities
- Leading Market Players
- Market Size and Growth Rate
- Market Growth Drivers
- Company Market Share
- Market Trends and Technological Innovations
- Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Download Sample of This Strategic Report-
https://www.kennethresearch.com/customization-request-10075421
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.
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