Global Low-Light Imaging Market 2019-2024 - Growing Penetration of CMOS Image Sensors for Endoscopy Applications - ResearchAndMarkets.com

DUBLIN--()--The "Low-Light Imaging Market by Technology (CCD, and CMOS), Application (Photography, Monitoring, Inspection & Detection, and Security & Surveillance), Vertical (Consumer Electronics, Automotive), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The Low-Light Imaging Market is Expected to Grow at a CAGR of 12.8% from 2019 to 2024, to Reach USD 18.4 Billion by 2024 from USD 10.0 Billion in 2019.

Increasing penetration of low-light image sensing technology in smartphones and the growing popularity of CMOS technology drives market growth

Increasing penetration of low-light image sensors in smartphones and the growing popularity of CMOS technology are among the key driving factors for the low-light imaging market. However, the high manufacturing cost of low light imaging sensors is hindering the growth of the low-light imaging market.

Photography application to dominate in the low-light imaging market during the forecast period

The low-light imaging market, by application, is segmented into security & surveillance; monitoring, inspection & detection; and photography. The low-light imaging market for photography application is expected to hold a dominant position throughout the forecast period. The high demand for low-light image sensors from the consumer electronics vertical, especially for smartphones, has resulted in the leading position of the photography application in the low-light imaging market.

Automotive vertical to witness the highest growth in the market during the forecast period

The low-light imaging market for automotive vertical is expected to witness significant growth during the forecast period. Rising demand for automotive ADAS is one of the main factors boosting the growth of the low-light imaging market for the automotive vertical. Europe and APAC are the major regions generating demand in the low-light imaging market for automotive vertical.

APAC to hold the largest share of low-light imaging market from 2019 to 2024

In terms of market size, APAC is expected to dominate the low-light imaging market during the forecast period and is likely to witness significant growth in the said market during the forecast period. The consumer electronics industry is the major demand generator for low-light imaging sensors and related solutions in this region. This is due to the presence of manufacturing units of several leading mobile phone, PC tablet, and digital camera manufacturers in the region.

Market Dynamics

Drivers

  • Increasing Penetration Rate of Low-Light Image Sensing Technology in Smartphones
  • Rising Deployment of Advanced Driver Assistance Systems
  • Growing Popularity of CMOS Low-Light Image Sensors

Restraints

  • Complex and Expensive Process to Produce Low-Light Imaging Technology-Based Cameras Offering High-Quality Images

Opportunities

  • Growing Penetration of CMOS Image Sensors for Endoscopy Applications

Challenges

  • Migrating From CCD to New-Generation CMOS Technology
  • Maintaining Leading Position in Intensely Competitive Market

Companies Mentioned

  • AMS
  • Bae Systems Imaging Solutions
  • Canon
  • Corephotonics
  • Fairchild Imaging
  • Galaxycore
  • Gigajot Technology
  • Hamamatsu Photonics KK
  • Himax Technologies
  • Light
  • OmniVision Technologies
  • ON Semiconductor
  • Panasonic
  • Photonis
  • Pixart Imaging
  • Pixelplus
  • Samsung Electronics
  • Sharp
  • Sony
  • STMicroelectronics
  • Teledyne Technologies

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900