Global Handheld Imagery Market Growth Estimated to be US$ 3.60 Billion by 2022 - by Brisk Insights

Nottingham, United Kingdom, February 26, 2016 --(PR.com)-- Global Handheld Imagery Market is expected to grow at the CAGR of 12.13% during 2015-2022 and it estimated to be US$ 3.60 billion by 2022. The Global Handheld Imagery market is segmented on the basis of by products, by applications and by geography. The report on Global Handheld Imagery market forecast 2015-2022 provides detailed overview and predictive analysis of the market.

The Global Handheld Imagery market is expected to grow exponentially due to increasing demand across several applications of imagery, as reported by, Occams Business Research. Rise in adoption across the industrial and construction sector is expected to provide avenues for handheld imagers market growth. In addition to that, decline in microbolometer cost is also expected to fuel market demand over the forecasted period.

Key application areas of handheld imagery market includes: construction, industrial, security, and medical. Handheld imagers are widely used across these sectors owing to several benefits provided by these imagers such as low price, low power consumption and lightweight quality. Surging demand across the security sector is expected to drive the global handheld imagers market. Currently the market of IR scanners exhibit high growth potential, which may be primarily due to decline in product prices. On account of growing security concerns and rising terror threats, the security segment emerged as the dominant application segment, and accounted for near 30% of the overall market. Geographically, North America dominates the Global handheld Imagery Market and is expected to emerge as a dominant regional market over the forecast period, owing to increasing government mandates pertaining to rising terrorist threats and aviation security followed by Europe and Asia-Pacific.

The key players in the Global handheld Imagery Market include Zircon Corporation, Fluke Corporation, FLIR Systems, BAE Systems, Stanley Black and Decker, Defence and Security Equipment International, General Dynamics Corporation and so on. The Global handheld imagers market is highly competitive with existing players facing tough competition from new vendors entering the market. New market entrants emphasize on vertical integration and alliance with strategic partners for product marketing and business expansion.

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