The Latin America, Middle East and Africa Handheld Imagers Market would witness market growth of 18.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,923.1 thousand units, showcasing a growth of 21.2% (2023-2030).
A prominent trend in the market is the ongoing miniaturization of devices, making them more compact and portable. This trend is driven by the demand for lightweight and easy-to-carry imagers, especially in applications where mobility is crucial. Integrating artificial intelligence (AI) and machine learning (ML) into these imagers is a significant trend. These technologies enhance image processing capabilities, allowing real-time analysis, object recognition, and automated decision-making. AI-powered features improve handheld imagers' overall functionality and efficiency in various applications.
Advances in imaging technologies have led to the incorporation of multispectral and hyperspectral imaging capabilities in handheld devices. This enables users to capture and analyze images beyond the visible spectrum, providing valuable insights in agriculture, environmental science, and remote sensing. They are increasingly equipped with enhanced connectivity, allowing seamless integration with other devices and networks. This connectivity facilitates data sharing, remote monitoring, and collaborative decision-making, expanding the scope of applications in interconnected ecosystems.
Economic diversification initiatives in some Middle Eastern countries led to increased investments in technology and innovation, contributing to the growth of the handheld imager market. According to the International Trade Administration, in October 2021, the Abu Dhabi Department of Economic Development (ADDED) announced a new smart manufacturing initiative to diversify its economy and attract foreign companies. The UAE desires to boost manufacturing by 30% and increase GDP by $6.8 billion by 2031. Real-time insights into production processes contribute to informed decision-making for process optimization. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Handheld Imagers Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $272.1 Million by 2030. The Argentina market is showcasing a CAGR of 19.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 18.3% during (2023 - 2030).
Based on Product Type, the market is segmented into Millimeter Wave Scanners, IR Scanners, Stud Finders, and Others. Based on Application, the market is segmented into Security, Construction, Industrial, Medical, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Handheld Imagers Market is Projected to reach USD 10.1 Billion by 2030, at a CAGR of 15.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Leonardo SpA (Leonardo DRS, Inc.), BAE Systems PLC, Robert Bosch GmbH, Teledyne FLIR LLC (Teledyne Technologies Incorporated), Fortive Corporation (Fluke Corporation), General Dynamics Corporation, Danaher Corporation, Stanley Black & Decker, Inc., Defence and Security Equipment International Ltd. and C.H. Hanson Company
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 