Digital Imaging Market by Type (MRI, X-ray, Ultrasound, CT, Nuclear Imaging), Technology (2D, BnW, Color, 3D/4D), Application (Inspection, Reverse Engineering, Surveying), End-User (Oil & Gas, Aerospace, Automotive, Power Generation, Machinery, Public Infrastructure, Consumer Electronics, Semiconductor Fabrication, Food & Beverages) and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) Global Forecast 2020 to 2030

The rising of the acceptance of digital imaging systems in many end-use industries across developed and developing economies will help the global digital imaging market to grow further. Furthermore, technological improvements in digital imaging, growing penetration of mobile devices among the population, and increasing dispersion of the internet across worldwide are few factors likely to fuel the growth of the global digital imaging market in the given timeframe.

Key players are tapping in the target industry by embracing innovative technologies. Key players are improving digital abilities in their business and to their customers. For the digital imaging market, the key players operating in the market offer a full deployment of NDT solutions and systems which includes CT, radiography, ultrasound, hardness testing products, remote visual inspection, and eddy current. It has been primarily accepting the organic growth tactics of presenting new products through product launches and expansions to grow in the target industry. For instance, GE offers robust technologies like inspection technologies and sensor-based measurement solutions for industrial and commercial purposes and also for the military and aerospace sector.

Technology Segment

The global digital imaging market is segmented into machine vision, metrology, radiography, and LiDAR. Radiography is the dominant segment due to the reduced radiation among the system and reduced cost. It also provides enhanced X-ray image quality. On the other hand, the metrology segment is estimated to reach high growth owing to it is widely used in the array of applications such as automotive aerospace.

Application Segment

Based on the application segment, the market is bifurcated into inspection, reverse engineering, surveying. The inspection application is anticipated to attain the largest revenue share in the global digital imaging market by 2028. Inspection forms a vital tool for quality control in the manufacturing industries, such as aerospace, machinery, automotive, and semiconductor fabrication.

End-User Segment

Based on the application, the market is segmented into oil & gas, aerospace, automotive, power generation, machinery, public infrastructure, consumer electronics, semiconductor fabrication, food & beverages, and pharmaceutical. Automotive is likely to attain at a high rate in the target industry during the forecast year due to the growing implementation of new technics over traditional technics in digital imaging pushing the market growth further. By using digital imaging technics manufactures can improve output by distinguishing defects and permit analytical maintenance.

The global digital imaging market has a wide presence in North America and Europe. North America is considered a mature market in digital imaging applications, on account of the early use of technology and raising funds to support the research and development of new products. The Asia Pacific is likely to grow at a speedy pace over the forecast period due to the major infrastructural development and computerization in manufacturing industries in developing countries such as India and China.

The major players of the global digital imaging market are GE, Olympus, Hexagon, Cognex, Nikon, OMRON, Ametek, Matrox, Teledyne Technologies, National Instruments, and Keyence, and more. The digital imaging market is fragmented with the existence of well-known global and domestic players across the globe.