DUBLIN--(BUSINESS WIRE)--The "Digital Imaging Market by Technology (Machine Vision, Metrology, Radiography, and LiDAR), Application (Inspection, Reverse Engineering, and Surveying), Industry (Automotive, Aerospace, Oil & Gas), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The digital imaging market is expected to reach USD 24.08 billion by 2023 from USD 15.79 billion in 2018, at a CAGR of 8.81% during the forecast period.
Factors driving the growth of the digital imaging market include technological advantage over traditional methods, growing need of industrial automation, and increasing consumer awareness raising the bar of safety and quality standards. The deployment cost of digital imaging systems is currently beyond limits for some of the industry minor's due to their high costs, which act as major restrain for this market.
Inspection is expected to hold the largest share of the digital imaging market based on application by 2023. The factors such as increasing demand for quality products, growing manufacturing capacity, and shortage of skilled labor significantly drive the market for the quality assurance and inspection application in manufacturing industries.
Owing to the recent advancements in technologies and increased process automation, the automotive industry is focusing on high-value propositions, along with cost reductions. Digital imaging in the automotive industry is required in process development phases, production processes, and qualification processes. The digital imaging market for the automotive industry is expected to grow at the highest CAGR during the forecast period.
GE (US), Olympus (Japan), Hexagon (Sweden), Cognex (US), Nikon (Japan), OMRON (Japan), Ametek (US), Matrox (Canada), Teledyne Technologies (US), National Instruments (US), and Keyence (Japan) are a few key players in the digital imaging market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Digital Imaging Market, By Technology
7 Digital Imaging Market, By Application
8 Digital Imaging Market, By Industry
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Cognex Corporation
- General Electric
- Hexagon AB
- Keyence Corporation
- Matrox Electronic Systems
- National Instruments Corporation
- Nikon Corporation
- Olympus Corporation
- Omron Corporation
- Teledyne Technologies
For more information about this report visit https://www.researchandmarkets.com/research/xfwpvz/digital_imaging?w=4