Global Digital Imaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global digital imaging market in its upcoming report titled, “Global Digital Imaging Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global digital imaging market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global digital imaging market report has been segmented on the basis of technology, end-use industries, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Digital imaging is process of creation of a digitally encoded representation of visual characteristics of an object. It is used to create digital images, which offers several advantages over images taken by analogue camera; primarily being that digital images can be used to make any number of copies over and over. In other words, digital imaging is a method by which the content of a file or document is digitized and converted into a readable digital format from an analog format. Digital imaging also includes digital videography and motion picture capture.

Increasing adoption of digital imaging equipment in various end use industries across developed and developing economies is a major factor driving growth of the global digital imaging market. In addition, technological advancements in digital imaging, increasing penetration of mobile devices, and growing penetration of internet across the globe are other major factors expected to boost growth of the global digital imaging market over the forecast period.

However, high costs associated with procurement and use of advanced digital equipment is a major factor restraining growth of the global digital imaging market. Additionally, stringent government regulations for approval of digital imaging equipment used in medical facilities coupled with high costs associated with R&D are other major factors expected to hamper growth of the global digital imaging market over the forecast period.

Currently, the market in Asia Pacific accounts for highest share in the global digital imaging market in revenue terms, owing to high adoption of imaging technologies in various end-use industries and rapid industrialization in the region. The market in North America accounted for second-highest revenue share in the global digital imaging market, due to high disposable income, and increasing adoption of digital imaging technologies in other end use sectors, apart from healthcare followed by markets in Europe, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is further projected to witness fastest growth in terms of revenue, owing to increasing government initiatives for development of healthcare facilities and high adoption of advanced imaging technologies in healthcare and entertainment sectors the region. Moreover, the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.

Global digital imaging market segmentation:

By technology:

• Machine Vision
• Metrology
• Radiography
• LiDAR

By end-use industries:

• Oil & Gas
• Aerospace
• Automotive
• Power Generation
• Machinery
• Public Infrastructure
• Consumer Electronics
• Semiconductor Fabrication
• Food & Beverages
• Pharmaceutical

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa