The global next imaging technology market is expected to progress at a rapid CAGR over the forecast period from 2016 to 2027, according to the latest research report from Market Research Future (MRFR). The global next imaging technology market is mainly driven by the growing demand for upgrades in several application areas, including medical devices, smartphone cameras, and surveillance.
The growing demand for precise visualization of the affected area in the healthcare sector is likely to be a major driver for the global next imaging technology industry over the forecast period. The medical devices sector has exhibited rapid growth in the last few years on the back of progressive advancements in medical imaging and visualization technologies, and the same pattern is likely to be carried out over the forecast period, as leading medical device manufacturers have invested significant amounts in the development of next-generation technology that allows for more precise and detailed visualization of the disease or affected body part.
The growing demand for smartphones with advanced camera capabilities is also likely to be a major driver for the next imaging technology market over the forecast period. Smartphone cameras have become an increasingly important part of the smartphone ecosystem in recent years, with several manufacturers focusing on the capability of their camera unit as a major USP in their product promotion. The increasing importance of mobile photography, driven by the convenience of having the camera ready in your pocket without having to rely on cumbersome camera equipment as well as the growth in the popularity of image sharing apps such as Instagram and Snapchat, is likely to be a major driver for the next imaging technology market over the forecast period.
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Competitive Analysis:
Leading players in the global next imaging technology market include Galaxy Core Inc., Qualcomm, Toshiba Corporation, SK Hynix Inc., Flir Systems Inc., Imaging Technology Solutions, Barco, Sony, Olympus, and Karl Storz.
In June 2019, researchers at Penn State College of Medicine announced the development of a new 3D tissue imaging technique called X-ray histotomography. This technique is likely to be vital in clinical research into cancer in the coming years. Medical imaging technology is likely to be a highly promising application channel for the next imaging technology market over the forecast period due to the growing importance of medical imaging in obtaining a precise diagnosis and enabling finer, more detailed surgical operations.
Segmentation:
The global next imaging technology market is segmented on the basis of type, technique, application, and region.
By type, the global next imaging technology market is segmented into induction tomography, CMOS imaging, electromagnetic imaging, and others.
By technique, the global next imaging technology market is segmented into optical, thermal, radiography, scanning, and others.
By application, the global next imaging technology market is segmented into medical, consumer electronics, automotive, civil engineering, surveillance, and others.
Regional Analysis:
North America is likely to remain the largest regional segment of the global next imaging technology market over the forecast period due to the presence of several leading players in the imaging technology field in the region and the consistent emphasis placed on produce advancement in the industry. The rapid technological progress in the consumer products as well as industrial sectors in the U.S. and Canada has created a highly supportive atmosphere for further product development in the next imaging technology market, creating strong growth prospects for the market in the medical imaging, surveillance, civil engineering, as well as consumer applications. The widespread popularity of smartphone photography in the U.S. is also a major driver for the global next imaging technology market, as companies such as Google and Apple place considerable emphasis on their camera technology when marketing their smartphones.
Europe is also likely to be a major regional market in the global next imaging technology market, driven by the steady growth in demand for remote automation services and automotive intelligence, among others.
The growing consumer electronics industry in Asia Pacific is likely to drive the demand from the next imaging technology market over the forecast period. The presence of several leading market players in countries such as Japan, South Korea, and China is also a highly favorable factor for the next imaging technology market in Asia Pacific.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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