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Digital Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Digital imaging is a process of creating digital images such as printed texts, photographs or networks through the use of image machine, manuscripts, artwork or digital camera. In other words, digital imaging is a method by which the content of a file or document is digitized and converted into a readable digital format from an analog format. Digital imaging systems is a complete digitization solution suitable for unique and valuable cultural heritage objects. The digital imaging is used by digital humanities researchers and institutions for digitization of treasures or valuable objects.  The digital image is sampled and mapped as a network of picture elements or dots. Digital imaging system conducts all operations from input to output in digital form. It allows the electronic transmission of images to recipients such as referring dentists, third-party providers, consultants, and insurance carriers through a modem. Digital imaging also includes digital videography and motion pictures. The digital imaging system includes various components such as image acquisition, image storage, image manipulation, image display, image networking and image recognition.

Digital imaging market is increasingly adopted by government and business agencies to enhance productivity and provide greater access to certain types of information. The digital single-lens reflex camera (DSLR) and digital cameras use digital imaging technology for encoding digital  videos and images digitally. However, on comparing both traditional DSLRs and digital camera, consumers are responding intensely to compact mirror less cameras that provides high performance in a package and are lighter and smaller than traditional DSLRs.

Digital imaging market is experiencing growth due to various factors such as improved reliability, error free image recovery without loss, reduces requirement for physical storage space and elimination of environmental problems caused by film based imaging. The adoption rate of digital imaging systems increases, due to more number of videos, images or pictures taken every day. Apart from this, the demand for medical imaging system in healthcare is also a major factor that experiencing growth in digital imaging market because it has the capability to improve the patient safety and privacy, specifically in the perspective of  globalization of healthcare and efforts by many countries to build a sustainable health system.  Smartphone high quality camera is the major factor that shrink the growth of digital imaging market.

The major trend for digital imaging market includes Wi-Fi and photo sharing integration into cameras using digital imaging technology. The internet is itself promoting the growth of digital imaging in coming years.  On the other hand, drones are introduced to the world to provide unique and different pictures or images. Also, the camera equipped drones have the capability to provide 360 degree spherical images.

The digital imaging system market can be segmented on the basis of end-use which includes commercial photography, television broadcasting, multimedia, radiology diagnostics and computer vision.

The major participants in the digital imaging market include companies such as Canon Inc., Microsoft, Sony Corporation, RICOH IMAGING COMPANY, LTD., Samsung Electronic As Co., Nikon Corporation, Panasonic Corporation, Kodak, IBM Corporation, FUJIFILM Corporation and Mitsubishi Imaging (MPM), Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs 

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa) 

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market. 

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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