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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 cameras 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.
Key Segments of the Global Digital Imaging Market
Technology Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
End-User Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
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.
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.
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 cameras 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.
Key Segments of the Global Digital Imaging Market
Technology Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
End-User Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Technological Advancement in the Industry
4.3.1.2 Rising need of industrial automation and increasing consumer awareness
4.3.2 Restraints
4.3.2.1 High deployment cost and lack of skilled workforce are some challenging factors that can restrain this sector.
4.3.2.2 Introduction of high quality cameras in smart phones reduce the growth of digital imaging market
4.3.3 Opportunities
4.5 PEST Analysis
Chapter 5 Digital Imaging Market by Technology
5.1 Introduction
5.1.1 Machine Vision
5.1.2 Metrology
5.1.3 Radiography
5.1.4 LiDAR
Chapter 6 Digital Imaging Market by Application
6.1 Introduction
6.1.1 Reverse Engineering
6.1.2 Surveying
Chapter 7 Digital Imaging Market by End-User
7.1 Introduction
7.1.1 Oil & Gas
7.1.2 Aerospace
7.1.3 Automotive
7.1.4 Power Generation
7.1.5 Machinery
7.1.6 Public Infrastructure
7.1.7 Consumer Electronics
7.1.8 Semiconductor Fabrication
7.1.9 Food & Beverages
7.1.10 Pharmaceutical
Chapter 8 Digital Imaging Market By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Others
Chapter 10 Company Profiles
10.1 GE
10.1.1 Overview
10.1.2 Products and Services Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 Olympus
10.2.1 Overview
10.2.2 Products and Services Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 Hexagon
10.3.1 Overview
10.3.2 Products and Services Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 Cognex
10.4.1 Overview
10.4.2 Products and Services Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 Nikon
10.5.1 Overview
10.5.2 Products and Services Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 OMRON
10.6.1 Overview
10.6.2 Products and Services Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 Ametek
10.7.1 Overview
10.7.2 Products and Services Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT
10.8 Matrox
10.8.1 Overview
10.8.2 Products and Services Portfolio
10.8.3 Recent Initiatives
10.8.4 Company Financials
10.8.5 SWOT
10.9 Teledyne Technologies
10.9.1 Overview
10.9.2 Products and Services Portfolio
10.9.3 Recent Initiatives
10.9.4 Company Financials
10.9.5 SWOT
10.10 National Instruments
10.10.1 Overview
10.10.2 Products and Services Portfolio
10.10.3 Recent Initiatives
10.10.4 Company Financials
10.10.5 SWOT
10.11 Other Companies