Digital Imaging Market

Global Digital Imaging Market Size (2024 to 2029)

The global digital imaging market size is predicted to reach USD 17.18 billion in 2024 and USD 26.21 billion by 2029, growing at a CAGR of 8.81% during the forecast period.

Current Scenario of the Global Digital Imaging Market

The technological advantages compared to traditional methods, developing the need for industrial automation, and increasing consumer awareness that boosts the bar of safety and quality standards, are primarily driving this industry. Digital imaging is a procedure of making computerized pictures, for example, printed messages, photos or organizes using picture machine, original copies, work of art or advanced camera. At the end of the day, computerized imaging is a strategy by which the substance of a record or archive is digitized and changed over into a decipherable advanced configuration from a simple arrangement. 

Computerized imaging frameworks is a finished digitization arrangement reasonable for unusual and significant social legacy objects. Advanced imaging is utilized by automated humanities scientists and organizations for the digitization of fortunes or significant articles. The superior picture is examined and mapped as a system of picture components or spots. Computerized imaging framework leads all activities from contribution to yield in advanced structure. It permits the electronic transmission of pictures to beneficiaries, for example, alluding dental specialists, outsider suppliers, experts, and protection bearers through a modem. Advanced imaging likewise incorporates digital videography and films. The advanced imaging framework includes different parts, for example, picture securing, picture stockpiling, picture control, picture show, picture systems administration and picture acknowledgement.

MARKET DRIVERS

In today's world, digital images are trending because of a more prominent number of recordings or pictures taken each day. This market is being received by government and business offices so as to upgrade efficiency and give more noteworthy access to specific kinds of data. It provides improved unwavering quality, error-free picture recuperation without misfortune, diminishes the necessity for physical extra room and disposal of natural issues brought about by film-based imaging. These variables are answerable for the expanding development of the global digital imaging market. Such as in the long term, digital imaging and inspection provide a guaranteed rate of profitability with respect to the toughness of sophisticated hardware, the arrangement cost of these frameworks is at present, is a challenging factor for the new business players because of their significant expenses. 

MARKET RESTRAINTS

The average selling value (ASP) of a portion of the digital imaging framework is in the scope of barely any thousand dollars to several thousand dollars, which incorporates the R&D cost for the persistent progressions in the innovation. This further limits the rapid expansion of the global digital imaging market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Digital Imaging Market Analysis By Application

The inspection application held the largest share of the global digital imaging market by 2018. Inspection forms an essential tool for quality control in the manufacturing industries, such as machinery, automotive, aerospace, and semiconductor fabrication. Quality control plays a vital role in the production process as it allows these processes to run smoothly without resulting in any additional cost.

Global Digital Imaging Market Analysis By Industry

The automotive industry is anticipated to be a significant contributor to the global digital imaging market, as mainly concentrates on high-value propositions, along with a decrease in expenses. Digital imaging is crucial in stages like process development, production processes, and qualification in the automotive industry.

REGIONAL ANALYSIS

North America and Europe account for the largest portion of the global digital imaging market due to the early adoption of technologies and sophisticated infrastructure in the areas. The Asia Pacific region is likely to grow with the highest CAGR in the estimated period. The high growth of the market in the APAC can likewise be ascribed to the major infrastructural extension and robotization in assembling enterprises in nations, for example, India and China. Nations in the APAC are engaged with the assembling of barrier airplane, which is projected to expand the extent of digital imaging in the aviation and guard industry.

KEY PLAYERS IN THE IVD MARKET

GE, Olympus, Hexagon, Cognex, OMRON, Ametek, Matrox, Teledyne Technologies, National Instruments, Keyence, Canon Inc, Microsoft, Sony Corporation, RICOH IMAGING COMPANY, Samsung Electronics Co, Nikon Corporation, Panasonic Corporation, Kodak, IBM Corporation, FUJIFILM Corporation, Mitsubishi Imaging Inc and Others.

RECENT HAPPENINGS IN THE GLOBAL DIGITAL IMAGING MARKET

• The five major studios — Disney, NBC Universal, Paramount, Sony and Warner Bros. — have inked new deals with Kodak, committing to buying undisclosed amounts of motion picture celluloid, which guaranteed its use for the foreseeable future. During 2015, its film sales had spiked with the use of digital imaging technology, and the agreements were designed to keep Kodak's film manufacturing business going.

DETAILED SEGMENTATION OF THE GLOBAL DIGITAL IMAGING MARKET INCLUDED IN THIS REPORT

This research report on the global in-vitro diagnostics market has been segmented and sub-segmented based on the product, technology, application, and region. 

By Application

•  Inspection
•  Reverse engineering
•  Surveying

By Technology

•   Machine Vision
•  Metrology
•   Radiography
•  LiDAR

By Industry

•   Oil & Gas
•   Aerospace
•   Automotive
•   Power Generation
•   Public Infrastructure
•  Pharmaceutical
•  Others.

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa