Digital Imaging Market Size, Share, Opportunities, And Trends By Technology (Metrology, Radiography, Machine Vision, LiDAR), By Industry Vertical (Aerospace, Automotive, Consumer Electronics, Semiconductor, Pharmaceutical, Oil & Gas, Public Infrastructure, Energy & Power), And By Geography - Forecasts From 2019 To 2024

The digital imaging market is estimated to witness a CAGR of 7.13% to reach US$27.918 billion in 2024 from US$18.466 billion in 2018. The use of digital imaging technology has been increasing gradually across different industry verticals on account of the recent technological advancement, allowing the development and use of 3D imaging in the field which was once considered difficult. The ability of digital imaging to significantly improve the scope and accessibility to information that allows the manufacturers to develop products with greater precision is driving the digital imaging market. Simultaneously, the growing investment in the manufacturing sector globally is further supplementing the growth of the digital imaging market. moreover, the rising automotive industry across the globe.  The digital imaging market has been segmented on the basis of technology, industry vertical and geography. In the industry vertical segment, the automotive segment is anticipated to grow at an increasing pace owing to the rapid adoption of the 3D metrology digital imaging technology in order to reduce the development time of the product so as to compete in the growing competitive environment of the automotive industry. Geographically, North America is projected to have a significant share in the market on account of the early adoption of modern technologies and growing investment to support the development of new products. Further, the improvement in the economic environment will drive the Asia-Pacific market for digital imaging during the forecast period.

DRIVERS

• Growing preference for industrial automation.
• Rising automotive industry.

RESTRAINTS

• High cost.

INDUSTRY UPDATES

• In April 2019, Canon launched the brand-new EOS 200D II, the world’s lightest DSLR camera with vari-angle monitor.
• In February 2019, Royal Philips, a global leader in health technology, launched IncisiveCT to help imaging departments and healthcare organizations meet their most pressing financial, clinical and operational goals.  
• In June 2017, Canon launched 2 new Digital SLR cameras and their accessories including the World’s lightest 35mm Full-Frame Digital SLR camera, EOS 6D Mark II and compact entry-level Digital SLR camera EOS 200D.

The major players profiled in the Digital Imaging market include Nikon Corporation, General Electric Company, Olympus Corporation, Ametek, Keyence Corporation, Omron Corporation, Fuji Xerox Co., Ltd., Teledyne Technologies Incorporate.

Segmentation

The Digital Imaging market has been analyzed through the following segments:

• By Technology
  • Metrology
  • Radiography
  • Machine Vision
  • LiDAR
• By Industry Vertical
  • Aerospace
  • Automotive
  • Consumer Electronics
  • Semiconductor
  • Pharmaceutical
  • Oil & Gas
  • Public Infrastructure
  • Energy & Power
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the digital imaging market size by 2024?
A1. The digital imaging market is estimated to reach a market size of US$27.918 billion in 2024. 

Q2. What is the size of the global digital imaging market?
A2. Digital Imaging Market was valued at US$18.466 billion in 2018. 

Q3. What are the growth prospects for the digital imaging market?
A3. The global digital imaging market is estimated to witness a CAGR of 7.13% over the forecast period. 

Q4. Which region holds the largest market share in the digital imaging market?
A4. Geographically, North America is projected to have a significant share in the digital imaging market on account of the early adoption of modern technologies and growing investment to support the development of new products. 

Q5. What factors are anticipated to drive the digital imaging market growth?
A5. The ability of digital imaging to significantly improve the scope and accessibility to information that allows the manufacturers to develop products with greater precision is driving the digital imaging market.