The size of the digital imaging market was estimated at USD 18.55 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.47% from 2023 to USD 35.4 billion by 2030.
.jpg "The Digital Imaging Market 2020-2030 (USD Billion)")
The market size for global digital imaging is projected to reach USD 37.42 Billion by 2028. The digital imaging market is progressively implemented by government and corporate firms to increase productivity and offer superior access to information. Digital camera and digital single-lens reflex cameras (DSLR) use digital imaging technology for converting videos and images digitally.
The various factors responsible for the global digital imaging market growth are enhanced reliability, error-free image recovery without loss, the need for physical storage space, and the abolition of environmental difficulties triggered by film-based imaging. The implementation of digital imaging systems is on the rise, owing to more images and videos taken every day. Besides, the demand for a medical imaging system in healthcare is playing a major role in the growth of the global digital imaging industry as it has the ability to increase the patient safety and privacy, precisely in the outlook of globalization of healthcare and efforts by many nations to build a sustainable health system. Improvements in terms of economic growth, infrastructural developments, and production of power plants are projected to further boost the growth of the digital imaging. The huge cost and shortage of skilled staff are shrinking the target market growth at a certain point. The introduction of high-quality cameras in smartphones may hamper the target market.
Digital Imaging Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 35.4 billion |
| Growth Rate | CAGR of 7.47 % during 2020-2030 |
| Segment Covered | by Type, Technology, Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Koninklijke Philips N.V, GE Healthcare, Siemens Healthineers, Esaote SPA, Canon Medical Systems Corporation, Hologic, Hitachi, Shimadzu |
Key Segment Of The Digital Imaging Market
Type (USD Billion)
• MRI
• X-ray
• Ultrasound
• CT
• Nuclear Imaging
Technology, (USD Billion)
o 2D
• BnW
• Color
o 3D/4D
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The application of the digital imaging market Inspection, Reverse Engineering, Surveying.
The market value of digital imaging market in 2030 was USD 35.4 billion
The Global digital imaging market is Segmented on the basis of Technology , End-User, Application, And Geography.
The rising of the acceptance of digital imaging systems in many end-use industries across developed and developing economies will help the global digital imaging market to grow further. Furthermore, technological improvements in digital imaging, growing penetration of mobile devices among the population, and increasing dispersion of the internet across worldwide are few factors likely to fuel the growth of the global digital imaging market in the given timeframe.
Key players are tapping in the target industry by embracing innovative technologies. Key players are improving digital abilities in their business and to their customers. For the digital imaging market, the key players operating in the market offer a full deployment of NDT solutions and systems which includes CT, radiography, ultrasound, hardness testing products, remote visual inspection, and eddy current. It has been primarily accepting the organic growth tactics of presenting new products through product launches and expansions to grow in the target industry. For instance, GE offers robust technologies like inspection technologies and sensor-based measurement solutions for industrial and commercial purposes and also for the military and aerospace sector.
Technology Segment
The global digital imaging market is segmented into machine vision, metrology, radiography, and LiDAR. Radiography is the dominant segment due to the reduced radiation among the system and reduced cost. It also provides enhanced X-ray image quality. On the other hand, the metrology segment is estimated to reach high growth owing to it is widely used in the array of applications such as automotive aerospace.
Application Segment
Based on the application segment, the market is bifurcated into inspection, reverse engineering, surveying. The inspection application is anticipated to attain the largest revenue share in the global digital imaging market by 2028. Inspection forms a vital tool for quality control in the manufacturing industries, such as aerospace, machinery, automotive, and semiconductor fabrication.
End-User Segment
Based on the application, the market is segmented into oil & gas, aerospace, automotive, power generation, machinery, public infrastructure, consumer electronics, semiconductor fabrication, food & beverages, and pharmaceutical. Automotive is likely to attain at a high rate in the target industry during the forecast year due to the growing implementation of new technics over traditional technics in digital imaging pushing the market growth further. By using digital imaging technics manufactures can improve output by distinguishing defects and permit analytical maintenance.
The global digital imaging market has a wide presence in North America and Europe. North America is considered a mature market in digital imaging applications, on account of the early use of technology and raising funds to support the research and development of new products. The Asia Pacific is likely to grow at a speedy pace over the forecast period due to the major infrastructural development and computerization in manufacturing industries in developing countries such as India and China.
.png "North America Digital Imaging Market 2018-2028")
The major players of the global digital imaging market are GE, Olympus, Hexagon, Cognex, Nikon, OMRON, Ametek, Matrox, Teledyne Technologies, National Instruments, and Keyence, and more. The digital imaging market is fragmented with the existence of well-known global and domestic players across the globe.