Digital Imaging Market, by Technology (Machine Vision, Metrology, Radiography, and LiDAR), Application (Reverse Engineering, and Surveying), Industry (Oil & Gas, Aerospace, Automotive, Power Generation, Public Infrastructure, Pharmaceutical, and Others), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The Digital Imaging Market size was estimated at USD 21.34 billion in 2023 and is projected to reach USD 34.86 billion in 2030 at a CAGR of 7.26% during the forecast period 2023-2030.
Digital imaging is the using a digital scanner or another imaging equipment, turns printed text, artwork, and pictures into digital images. Each digital picture has a specific number of pixels or dots that are displayed on a screen. Every pixel is carefully mapped on a grid and recorded on a computer. The hue or colour of a picture is determined by the tone value of each pixel. The value, which consists of "bits" of data, is encoded in binary code.
One of the primary factors driving the growth of the digital imaging market is the introduction of technologically sophisticated imaging equipment. Moreover, one of the key aspects projected to significantly contribute to the increasing product demand throughout the forecast period is the growing adoption of modern AI-enabled imaging equipment for speedy diagnosis and predictive analysis in developed nations. The requirement for digital imaging equipment is anticipated to increase in the worldwide healthcare industry as a consequence of factors including aging populations and rising need for early-stage chronic disease diagnosis.
On the other hand, it is anticipated that expensive system and implementation costs may impede market expansion. The digital imaging industry is expected to have difficulties throughout the forecast period due to a lack of qualified labour.
The COVID-19 epidemic has had a huge influence on the global digital imaging market. An overall global slowdown in new projects has resulted in a drop-in demand for digital imaging. Due to workers staying at home, it has been difficult for multinational firms to incorporate modern digital imaging technology, which has disrupted supply chains throughout the world.
The Digital Imaging Market is expected to grow during the forecast period. This growth can be attributed to several factors. Firstly, the introduction of technologically sophisticated imaging equipment is driving the growth of the market. Moreover, one of the key aspects projected to significantly contribute to the increasing product demand throughout the forecast period is the growing adoption of modern AI-enabled imaging equipment for speedy diagnosis and predictive analysis in developed nations. The requirement for digital imaging equipment is anticipated to increase in the worldwide healthcare industry as a consequence of factors including aging populations and rising need for early-stage chronic disease diagnosis. However, expensive system and implementation costs may impede market expansion.
North America to Dominate the Market