Global Digital Imaging Market Size By Technology (Machine Vision, Metrology), By Application (Inspection, Reverse Engineering), By Industry (Oil And Gas, Aerospace), By Geographic Scope And Forecast

Digital Imaging Market Size And Forecast

Digital Imaging Market size was valued at USD 2.28 Billion in 2024 and is projected to reach USD 3.86 Billion by 2031, growing at a CAGR of 7.47% during the forecasted period 2024 to 2031. The introduction of technologically advanced imaging equipment is one of the major elements stimulating the Digital Imaging Market growth. Increasing the use of advanced AI-enabled imaging equipment for rapid diagnosis and predictive analysis in developed countries is one of the major factors anticipated to contribute to the rising product demand during the forecast period. The Global Digital Imaging Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Digital Imaging Market Definition

Using digital scanning or another imaging device, digital imaging converts the printed text, artwork, and photographs into digital images. Each digital image has a specific number of pixels or dots that are displayed on a screen. Every pixel is carefully mapped on a grid and saved on a computer. The tint or color of an image is determined by the tone value of each pixel. The value, which consists of "bits" of data, is encoded in binary code.

The computer reads these "bits" of data and converts them into an analog version of the image. The resolution of an image is determined by the number of pixels per inch. A complete digitalization solution designed for valuable and rare pieces of cultural heritage is digital imaging systems. Scholars and organizations in the digital humanities employ digital imaging to digitize priceless objects or artifacts. One benefit of a digital image over an analog image is the capacity to make as many digital copies as needed without sacrificing image quality. Additionally, digital imaging offers the option to restore partially damaged photos to their original quality, avoiding the possibility of altering or destroying the original.

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Global Digital Imaging Market Overview

The introduction of technologically advanced imaging equipment is one of the major elements stimulating the Digital Imaging Market growth. Increasing the use of advanced AI-enabled imaging equipment for rapid diagnosis and predictive analysis in developed countries is one of the major factors anticipated to contribute to the rising product demand during the forecast period. The need for digital imaging equipment in the global healthcare sector is projected to rise as a result of factors such as growing demand for early-stage chronic disease diagnosis and aging populations.

Medical imaging

is one field where artificial intelligence is already demonstrating potential, but many medical companies are turning to it to tackle a range of issues and enhance patient outcomes. Software is used to evaluate large amounts of data, and algorithms are developed as a result. AI may accurately "predict" concerns and detect potential issues when used to new patient data, enabling radiologists to concentrate on particular areas for additional human inspection.

AI can be used to identify prospective issues that aren't yet readily apparent to the naked eye. Time is saved, and diagnoses are more accurate as a result. Though industries are quick to adopt new and cutting-edge technology, they fight to find highly qualified engineers and a workforce that is familiar with the most recent advancements in imaging technology. Due to the requirement for skilled labor, emerging nations struggle to successfully integrate digital imagery and carry out next-level manufacturing. As a result, the expansion of the digital imaging business is constrained by the absence of a competent labor force.

Global Digital Imaging Market: Segmentation Analysis

The Global Digital Imaging Market is Segmented on the basis of Technology, Application, Industry, and Geography.

Digital Imaging Market, By Technology

• Machine Vision
• Metrology
• Radiography
• LiDAR

Based on Technology, the market is bifurcated into Machine Vision, Metrology, Radiography, and LiDAR. Machine Vision accounted for the largest market share in 2021 and is projected to grow at the highest CAGR of 10.03% during the forecast period. Machine vision is automated inspection and analysis techniques used in digital imaging. It enables the computer and commanding devices such as video cameras to perform inspection tasks. Furthermore, it enables the automated analysis of the images by obtaining data for evaluation and control.

• Machine vision is featured with computer-based systems, smart cameras with smart sensors, or hybrid smart camera vision systems. It plays an important role in industrial verticals as it helps with defect detection, gauging, guidance and part tracking, identification, OCR/OCV, packaging inspection, pattern recognition, product inspection, and surface inspection, amongst others. The application of machine vision in digital imaging can provide a very high-quality image with correct resolution as it offers correct lighting techniques and quality of optics.

Digital Imaging Market, By Application

• Inspection
• Reverse Engineering
• Surveying

Based on Application, the market is bifurcated into Inspection, Reverse Engineering, and Surveying. Inspection accounted for the largest market share and is projected to grow at the highest CAGR of 10.01% during the forecast period. Digital imaging with the adoption of different imaging technologies such as radiography, machine vision, and the rest of others has a wide range of applications across different industry verticals. Digital imaging provides timelier, safer, and more detailed inspection data to increase productivity and reduce safety hazards. It is applicable in inspecting the casting & weld quality of the pipelines, corrosion detection, and measurement of the pipeline, and aerospace components, and more. Digital imaging can be adopted on the insulated as well as uninsulated pipes for inspection. It provides automated visual inspection with high accuracy and superior performance.

Digital Imaging Market, By Industry

• Oil & Gas
• Aerospace
• Automotive
• Power Generation
• Public Infrastructure
• Pharmaceutical
• Others

Based on Industry, the market is bifurcated into Oil & Gas, Aerospace, Automotive, Power Generation, Public Infrastructure, Pharmaceutical, and Others. Automotive accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. The advancement of product performance as well as cost and quality management depend on innovation and the use of new technologies, such as automobile digital imaging. The demand for an automated quality control system is on the rise as manufacturing processes become faster and more complex while safety and quality standards are strictly enforced. Due to its focus on high-value concepts and low-cost goods, the automobile industry is one of the market leaders. The automotive sector, which is concentrating on high-value products as well as cost reductions, is another significant contributor to the market.

Digital Imaging Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
• On the basis of Regional Analysis, the Global Digital Imaging Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America holds the largest market share and is projected to grow at the highest CAGR during the forecast period. Complete radiology tests, such as CT or MRI studies, can now be loaded on a device and examined in a therapeutically useful way because of the development of specialized imaging applications. These gadgets can be laptops, tablets, or smartphones. The Food and Drug Administration (FDA) of the United States of America granted permission for some of these devices to be used as a medical image review system in 2011. As a result, there are more chances for market expansion due to the region's expanding smartphone adoption. Additionally, the switch to digital imaging has been gathering momentum, and because of a new law, it may soon overtake film as the predominant imaging technique in the United States.

Key Players

• The "Global Digital Imaging Market" study report will provide valuable insight with an emphasis on the global market including some of the major players such as
• GE (US), Olympus (Japan), Hexagon (Sweden), Cognex (US), Nikon (Japan), OMRON (Japan), Ametek (US), Matrox (Canada), Teledyne Technologies (US), National Instruments (US).

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

• Ace Matrix Analysis
• The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as
• Active, Cutting Edge, Emerging, and Innovators.
• Market Attractiveness
• The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Digital Imaging Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
• Porter's Five Forces
• The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. Porter's five forces model can be used to assess the competitive landscape in the Global Digital Imaging Market, gauge the attractiveness of a certain sector, and assess investment possibilities.