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Handheld Imagers Market 2022 Strategic Plans by Globally Industry Demand, On Going Trends, Regional Overview, Top Manufacture, Business Growth and Forecast to 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Handheld Imagers Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Handheld Imagers Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. 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.

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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“We are open for the customization of this report for our client.”

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 scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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