Digital imaging market size is likely to grow from USD 15.79 billion in 2023 to USD 24.52 billion by 2028, expanding at a CAGR of 8.81%.
Digital Imaging Market Overview:
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.
Recent Developments:
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. 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 METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
8.81% |
Segments Covered |
By Application, Technology, Industry, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
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. |
• Inspection
• Reverse engineering
• Surveying
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.
• Machine Vision
• Metrology
• Radiography
• LiDAR
• Oil & Gas
• Aerospace
• Automotive
• Power Generation
• Public Infrastructure
• Pharmaceutical
• Others.
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.
Marked Segmentation based on the region:
U.S
Canada
Europe
Norway
Germany
Sweden
Asia Pacific (APAC)
China
India
Japan
Latin America
Brazil
Mexico
Argentina
Middle East and Africa
a. Middle East
b. Africa
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 of the Market:
Olympus
Hexagon
Cognex
OMRON
Ametek
Matrox
Teledyne Technologies
National Instruments
Keyence
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