Market Overview

Digital Imaging Market - Global Forecast to 2023

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Digital Imaging Market - Global Forecast to 2023

PR Newswire

DUBLIN, July 25, 2018 /PRNewswire/ --

The "Digital Imaging Market by Technology (Machine Vision, Metrology, Radiography, and LiDAR), Application (Inspection, Reverse Engineering, and Surveying), Industry (Automotive, Aerospace, Oil & Gas), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The digital imaging market is expected to grow from USD 15.79 billion by 2018 to USD 24.08 billion by 2023, at a CAGR of 8.81% during the forecast period.

Factors driving the growth of the digital imaging market include technological advantage over traditional methods, growing need of industrial automation, and increasing consumer awareness raising the bar of safety and quality standards.

The inspection application is expected to hold the largest share of the digital imaging market by 2018. Inspection forms an important tool for quality control in the manufacturing industries, such as automotive, aerospace, machinery, and semiconductor fabrication. Quality control is an integral part of any production process as it allows these processes to run smoothly without incurring any extra cost.

The automotive industry is also a major contributor to the digital imaging market, as it is focusing on high-value propositions, along with cost reductions. Digital imaging is required in process development phases, production processes, and qualification processes in the automotive industry. This industry is expected to hold the largest share of the digital imaging market by 2018, and the market for this segment is projected to grow at the highest CAGR during 2018-2023. The widening adoption of industry 4.0 for making the processes more efficient through timely flaw detection is driving the growth of the digital imaging market for the automotive manufacturing industry.

APAC is expected to hold the largest share of the digital imaging market by 2018, and the market in this region is expected to grow at the highest CAGR during forecast period, owing to . Advancements in terms of economic growth, infrastructural developments, and construction of power plants are expected to boost the growth of the digital imaging. The high growth of the digital imaging market in APAC can also be attributed to the major infrastructural expansion and automation in manufacturing industries in countries such as India and China. Countries in APAC are involved in the manufacturing of defense aircraft, which is expected to increase the scope of digital imaging in the aerospace & defense industry

Though in the long term, digital imaging and inspection provide an assured return on investment regarding the durability of complex machinery, the deployment cost of these systems is currently beyond limits for some of the industry minors due to their high costs. The average selling price (ASP) of some of the digital imaging system is in the range of few thousand dollars to hundreds of thousand dollars, which includes the R&D expense for the continuous advancements in the technology.

The digital imaging market ecosystem includes major players such as GE (US), Cognex US), Olympus (US), Hexagon (Sweden), and Nikon (Japan).

GE is the leader in the digital imaging market. GE provides innovative technologies including sensor-based measurement solutions, advanced software, asset condition monitoring systems, controls, inspection technologies, and radiation measurement solutions for the industrial and commercial applications as well as for the military and aerospace sector.

GE is one of the globally leading brands and has a wide geographic reach on the back of various distribution networks, which helps it capture a significant market share worldwide. The company is applying digital capabilities not only to its own business but also to its customers.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Digital Imaging Market
4.2 Comparative Account of Growth Pattern of Digital Imaging Market, By Application
4.3 Digital Imaging Market in APAC, By Country & Industry (2017)
4.4 Market Shares of Major Countries in Digital Imaging Market, 2017
4.5 Digital Imaging Market, By Technology, 2018 vs 2023

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Technological Advantage Over Traditional Methods
5.2.1.2 Growing Need for Industrial Automation
5.2.1.3 Increasing Consumer Awareness Raising the Bar of Safety and Quality Standards
5.2.2 Restraints
5.2.2.1 High System and Deployment Cost
5.2.3 Opportunities
5.2.3.1 Trend of Product Miniaturization in the End-User Industries
5.2.3.2 Growing Industrialization in Developing Economies
5.2.4 Challenges
5.2.4.1 Lack of Skilled Workforce
5.3 Value Chain Analysis

6 Digital Imaging Market, By Technology
6.1 Introduction
6.2 Machine Vision
6.3 Metrology
6.4 Radiography
6.4.1 X-Ray Testing
6.4.2 Gamma-Ray Testing
6.4.3 Computed Radiography
6.4.4 Film Radiography
6.4.5 Direct Radiography (Real-Time)
6.5 LiDAR

7 Digital Imaging Market, By Application
7.1 Introduction
7.2 Inspection
7.3 Reverse Engineering
7.4 Surveying
7.4.1 Corridor Mapping
7.4.2 Engineering
7.4.3 Exploration
7.4.4 Urban Planning
7.4.5 Cartography

8 Digital Imaging Market, By Industry
8.1 Introduction
8.2 Automotive
8.3 Aerospace
8.4 Consumer Electronics
8.5 Semiconductor Fabrication
8.6 Machinery
8.7 Oil & Gas
8.8 Power Generation
8.9 Public Infrastructure
8.10 Food & Beverages
8.11 Pharmaceutical

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 India
9.4.5 Rest of APAC
9.5 Rest of the World
9.5.1 Middle East
9.5.2 Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 Product Launches
10.3.2 Acquisitions
10.3.3 Contracts, Collaborations, Partnerships, and Expansions

11 Company Profiles
11.1 Introduction
11.2 Key Players
11.2.1 General Electric
11.2.2 Olympus Corporation
11.2.3 Hexagon AB
11.2.4 Cognex Corporation
11.2.5 Ametek
11.2.6 Nikon Corporation
11.2.7 Teledyne Technologies
11.2.8 Omron Corporation
11.2.9 Matrox Electronic Systems
11.3 Other Key Players
11.3.1 National Instruments Corporation
11.3.2 Keyence Corporation

For more information about this report visit https://www.researchandmarkets.com/research/4jlxfq/digital_imaging?w=5

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