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Digital Imaging Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Digital Imaging Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Digital Imaging Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 27 May 2020
  • Report ID: ICT&S 004
  • Pages:182
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

The global digital imaging market is expected to grow at a CAGR of 9.5% during the forecast period. Digital imaging is a process in which digital images such as printed texts, photographs, or networks are created using image machines, manuscripts, artwork, or digital camera. Digital imaging systems are digitization solutions appropriate for unique and valuable cultural heritage objects. The digital imaging is widely used by digital humanities researchers and institutions for the digitization of treasures or valuable objects. It enables the electronic transmission of images to the receiver, such as referring dentists, third-party providers, and consultants through a modem. Digital imaging also includes motion pictures and digital videography. The digital imaging system consists of many components, such as image manipulation, image display, image acquisition, image storage, image networking, and image recognition.

Top Driver: Improved Reliability and Increasing Demand in Healthcare Sector

The digital imaging market is anticipated to grow due to various factors such as error-free image recovery without loss, improved reliability, reduced need for physical storage space, and elimination of environmental problems caused by film-based imaging. The number of videos, images, or pictures taken every day has resulted in rapid digital imaging adoption. Besides, the demand for a medical imaging system in the healthcare sector for improving patient safety and privacy is also a key factor driving the market.

Automotive Segment to Make Crucial Contribution to Growth of the Market

On the basis of end use the global digital imaging market can be segmented into Oil & Gas, Aerospace, Automotive, Semiconductor Fabrication, Food & Beverages, Pharmaceutical. In automotive segment accounted for a larger market share owing to the rising demand of digital imaging for the purpose of automotive designing. On the basis of technology, the market can be segmented into Machine Vision, Metrology, Radiography, LiDAR. On the basis of application, the market is segmented into Inspection, Reverse engineering, Surveying.

Rising Infrastructural Development to Benefit Asia Pacific Market

Asia Pacific is anticipated to hold the largest share of the digital imaging market by 2018. The market in this region is anticipated to grow at the highest CAGR during forecast period. The rise in the advancements in terms of economic growth, infrastructural developments, and construction of power plants are expected to boost digital imaging growth. The increased growth of the market in APAC can also be attributed to the major infrastructural expansion would help the industry propel in the next few years. Furthermore, the automation in manufacturing industries in countries such as India and China is anticipated to help the industry to flourish.

Players to Focus on Digital Imaging Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. GE, Olympus, Hexagon, Cognex, Nikon, OMRON, Ametek, Matrox, Teledyne Technologies, National Instruments, and Keyence among others could be at the forefront of the competition in the global market.

General Electric: In December 2018, General Electric, Boston, announced plans to combine its industrial Internet of things (IIoT) software portfolio into a new, independent company. The company will bring together GE Digital’s IIoT solutions including the Predix platform, Asset Performance Management, Historian, Automation, Manufacturing Execution Systems, Operations Performance Management, and the GE Power Digital and Grid Software Solutions businesses in a comprehensive IIoT offering that will start with $1.2 billion in annual revenue and an existing global industrial customer base.

Olympus Corporation: In August 2020, Olympus Corporation announced it had signed a definitive agreement to acquire Arc Medical Design Limited, a subsidiary of Norgine B.V. The acquisition underscores Olympus’ commitment to expanding its offering in gastrointestinal therapeutic devices and the development of advanced colonoscopy tools through M&A opportunities as well as through R&D with the overarching goal of improving early detection and treatment of colorectal cancer (CRC).

Scope of the Report

By Technology

  • Machine Vision
  • Metrology
  • Radiography
  • LiDAR

By Application

  • Inspection
  • Reverse engineering
  • Surveying

By End-User

  • Oil & Gas
  • Aerospace
  • Automotive
  • Semiconductor Fabrication
  • Food & Beverages
  • Pharmaceutical

By Region

  • North America
  • Europe
  • Asia Pacific

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Digital Imaging Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Digital Imaging Market -Industry Snapshots

6.1             Overview

6.1.1          Global Digital Imaging Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Digital Imaging Market Analysis, by Technology

7.1             Overview

7.2             Key Findings for Digital Imaging Market- By Technology

7.2.1          Digital Imaging Market- Machine Vision

7.2.2          Digital Imaging Market- Metrology

7.2.3          Digital Imaging Market- Radiography

7.2.4          Digital Imaging Market- LiDAR

Chapter 8           Global Digital Imaging Market Analysis, by Application

8.1             Overview

8.2             Key Findings for Digital Imaging Market- By Application

8.2.1          Digital Imaging Market- Inspection

8.2.2          Digital Imaging Market- Reverse engineering

8.2.3          Digital Imaging Market- Surveying

Chapter 9           Global Digital Imaging Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Digital Imaging Market- By End User

9.2.1          Digital Imaging Market- Oil & Gas

9.2.2          Digital Imaging Market- Aerospace

9.2.3          Digital Imaging Market- Automotive

9.2.4          Digital Imaging Market- Semiconductor Fabrication

9.2.5          Digital Imaging Market- Food & Beverages

9.2.6          Digital Imaging Market- Pharmaceutical

Chapter 10       Digital Imaging Market Analysis by Region

10.1           Key Findings for Digital Imaging Market- By region

10.2           Overview

10.2.1       Global Digital Imaging Market Analysis, By Technology, 2019 – 2028

10.2.2       Global Digital Imaging Market Analysis, By Application, 2019 – 2028

10.2.3       Global Digital Imaging Market Analysis, By End User, 2019 – 2028

10.3           Digital Imaging Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Technology

10.3.6       North America Market, By Application

10.3.7       North America Market, By End User

10.4           Digital Imaging Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Technology

10.4.8       Europe Market, By Application

10.4.9       Europe market by, End User

10.5           Digital Imaging Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Technology

10.5.7       Asia Pacific Market, By Application

10.5.8       Asia Pacific Market, By End User

10.6           Digital Imaging Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Technology

10.6.6       South America, Middle East and Africa Market, By Application

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           GE

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Olympus

12.3           Hexagon

12.4           Cognex

12.5           Nikon

12.6           OMRON

12.7           Ametek

12.8           Matrox

12.9           Teledyne Technologies

12.10        National Instruments

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

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