The low light imaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Low Light Imaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The low light imaging market size has grown rapidly in recent years. It will grow from $13.78 billion in 2023 to $15.41 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to demand for surveillance and security solutions, expansion of wildlife monitoring, increase in consumer photography demands, increased applications in medical imaging, expansion of industrial inspection.
The low light imaging market size is expected to see rapid growth in the next few years. It will grow to $24.28 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to integration in autonomous vehicles, development of wearable cameras, enhanced integration in smartphones, expansion of smart city initiatives, demand for consumer electronics with night mode. Major trends in the forecast period include technological convergence with ai, advancements in image sensor technology, time-of-flight (tof) cameras, miniaturization and integration, technological progress in image processing.
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Scope Of Low Light Imaging Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Low Light Imaging Market Overview
Market Drivers –
The rapid adoption of advanced driver assistance systems (ADAS) for automobiles is expected to boost the growth of the low-light imaging market going forward. Advanced driver-assistance systems (ADAS) refer to electronic components in vehicles that support the driver by utilizing cutting-edge technologies. To keep up with the rising requirements for vehicle safety, Advanced Driver Assistance Systems (ADAS) need low-light image sensors with improved capability, so rapid adoption of ADAS is boosting the low-light imaging market. For instance, according to a report published by Autoglass® & Allglass, a UK-based leading vehicle glass repair and replacement service, in 2022, nearly 85% of all vehicles built worldwide will have some form of automated driving by 2025. Therefore, the rapid adoption of advanced driver assistance systems (ADAS) for automobiles is driving the growth of the low-light imaging market.
Market Trends –
Rising Innovations have emerged as the key trend gaining popularity in the low-light imaging market. Major companies operating in the low-light imaging market are developing innovative products to strengthen their position in the market. For instance, in 2022, STMicroelectronics, a Switzerland-based provider of manufacturing services for electronics products including semiconductors, multimedia products, power applications, and sensors, launched VB56G4A, a 1.5 megapixel global shutter image sensor made for applications that monitor drivers in vehicles. Unique features of the VB56G4A are automotive compliance, a 1.5-megapixel ultra-compact image sensor, global shutter architecture, a 3D stacked sensor at 40 and 65 nm, a 2.61 mm x 2.61 mm BSI (backside illuminated) pixel, a 1.5-megapixel monochrome sensor (1124 x 1364), and others.
The low light imaging market covered in this report is segmented –
1) By Technology: Complementary Metal-Oxide Semiconductor (CMOS), Charge-Coupled Device (CCD)
2) By Application: Photography, Monitoring, Inspection And Detection, Security and Surveillance
3) By Vertical: Consumer Electronics, Automotive, Medical And Life Sciences, Military And Defense, Industrial, Commercial And Residential Infrastructure
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Regional Insights –
Asia-Pacific was the largest region in the low-light imaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the low light imaging market during the forecast period. The regions covered in the low light imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the low light imaging market report are Sony Group, Samsung Electronics, Omnivision Technologies, STMicroelectronics Inc, Teledyne FLIR LLC, on Semiconductor, Panasonic Holdings Corporation, Hamamatsu Photonics, ROHM CO. Ltd., TE Connectivity, Ushio America Inc., Würth Elektronik GmbH & Co, Photonis Technologies Sas, Pixart Imaging, Pixelplus, Ruixin Microelectronics Co. Ltd., Canon Inc., Fairchild Imaging Systems, Aspen Electronics, Avidyne Corporation, BAE System, Boeing, Cobham Limited, Honeywell International Inc., L3Harris Technologies Inc., Raytheon Technologies Corporation, Thales Group, Appareo, Himax Technologies Inc., Sharp Corporation .
Table of Contents
- Executive Summary
- Low Light Imaging Market Report Structure
- Low Light Imaging Market Trends And Strategies
- Low Light Imaging Market – Macro Economic Scenario
- Low Light Imaging Market Size And Growth
…..
- Low Light Imaging Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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