The global digital imaging market size reached USD 20.32 Billion in 2021 and is expected to register a revenue CAGR of 8.9% during the forecast period, according to latest analysis by Emergen Research. Growing industrialization in emerging countries and rapid adoption of industrial automation, as well as various implementation of technological advancements, are a few of the factors driving market revenue growth.
Image sharpening and restoration of digital image goods is rising demand for various technical procedures including facial identification, remote sensing, pattern detection, and color processing. Accuracy, time-effectiveness, and environmental responsibility are some of the major factors driving demand for digital imaging in various industries. Digital imaging provides easy access as impressions are recorded electronically, resulting in shorter processing time and ability to identify abnormalities promptly. Rapid adoption of medical imaging for ultrasonography, computed tomography, mammography, X-rays, and nuclear medicine allows for a quick confirmation, assessment, and documenting of illness progress and response to therapy.
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Utilization of digital imaging solutions allows for paperless and digitization, which offers various advantages, including lower total medical care costs and more global real-time access to these images. Provision of data accessibility, which helps enterprises to accurately develop a company's research development, is driving growth of the market.
On June 23, 2022, Teledyne FLIR Defense, a subsidiary of Teledyne Technologies Incorporated., a leading provider of sophisticated digital imaging products and software, engineered systems, and aerospace and defense electronics, entered into a framework agreement with Norwegian Defense Materiel Agency worth up to USD 48 million. This agreement includes supply of sophisticated Black Hornet Nano-UAVs for four years, but it may be extended for an additional three years. Black Hornet weighs 33 grams (less than 0.1 pounds) and measures 168 millimeters, making it well-suited for operations in crowded and GPS-denied conditions. Over 12,000 Black Hornets have been provided to military and security forces throughout the world by Teledyne FLIR Defense.
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The Global Digital Imaging Market research report is a detailed document outlining the recent advancements and developments in the Digital Imaging Market business sphere considering 2021 as the base year and 2022-2030 as the forecast timeline. The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.
Key players include Nikon Corporation, Olympus Corporation, General Electric, Hexagon, AMETEK.Inc., Cognex Corporation, Matrox, Teledyne Technologies Incorporated, Keyence Corporation, and OMRON Corporation.
Emergen Research has segmented global the digital imaging market based on technology, application, industry, and region:
Technology Outlook (Revenue, USD Billion; 2019-2030)
Metrology
Radiography
X-ray testing
Computed radiography
Gamma-Ray testing
Direct radiography
Film radiography
LiDAR
Machine Vision
Application Outlook (Revenue, USD Billion; 2019-2030)
Reverse Engineering
Inspection
Surveying
Exploration
Urban planning
Engineering
Corridor mapping
Cartography
Industry Outlook (Revenue, USD Billion; 2019-2030)
Aerospace
Machinery
Consumer electronics
Automotive
Food beverages
Healthcare
Oil gas
Others
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Digital Imaging Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Digital Imaging market?
What are the key product types and applications of the Digital Imaging industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Digital Imaging market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Digital Imaging Market by 2030?
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