The Low Light Imaging by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Low Light Imaging , The low light imaging market size has grown rapidly in recent years. It will grow from $13.78 billion in 2023 to $15.41 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to demand for surveillance and security solutions, expansion of wildlife monitoring, increase in consumer photography demands, increased applications in medical imaging, expansion of industrial inspection.
The low light imaging market size is expected to see rapid growth in the next few years. It will grow to $24.28 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to integration in autonomous vehicles, development of wearable cameras, enhanced integration in smartphones, expansion of smart city initiatives, demand for consumer electronics with night mode.. Major trends in the forecast period include technological convergence with ai, advancements in image sensor technology, time-of-flight (tof) cameras, miniaturization and integration, technological progress in image processing.
The rapid adoption of advanced driver assistance systems (ADAS) for automobiles is expected to boost the growth of the low-light imaging market going forward. Advanced driver-assistance systems (ADAS) refer to electronic components in vehicles that support the driver by utilizing cutting-edge technologies. To keep up with the rising requirements for vehicle safety, Advanced Driver Assistance Systems (ADAS) need low-light image sensors with improved capability, so rapid adoption of ADAS is boosting the low-light imaging market. For instance, according to a report published by Autoglass® & Allglass, a UK-based leading vehicle glass repair and replacement service, in 2022, nearly 85% of all vehicles built worldwide will have some form of automated driving by 2025. Therefore, the rapid adoption of advanced driver assistance systems (ADAS) for automobiles is driving the growth of the low-light imaging market.
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The low light imaging market covered in this report is segmented –
1) By Technology: Complementary Metal-Oxide Semiconductor (CMOS), Charge-Coupled Device (CCD)
2) By Application: Photography, Monitoring, Inspection And Detection, Security and Surveillance
3) By Vertical: Consumer Electronics, Automotive, Medical And Life Sciences, Military And Defense, Industrial, Commercial And Residential Infrastructure
Rising Innovations have emerged as the key trend gaining popularity in the low-light imaging market. Major companies operating in the low-light imaging market are developing innovative products to strengthen their position in the market. For instance, in 2022, STMicroelectronics, a Switzerland-based provider of manufacturing services for electronics products including semiconductors, multimedia products, power applications, and sensors, launched VB56G4A, a 1.5 megapixel global shutter image sensor made for applications that monitor drivers in vehicles. Unique features of the VB56G4A are automotive compliance, a 1.5-megapixel ultra-compact image sensor, global shutter architecture, a 3D stacked sensor at 40 and 65 nm, a 2.61 mm x 2.61 mm BSI (backside illuminated) pixel, a 1.5-megapixel monochrome sensor (1124 x 1364), and others.
The low light imaging market report table of contents includes:
1. Executive Summary
2. Low Light Imaging Market Characteristics
3. Low Light Imaging Market Trends And Strategies
4. Low Light Imaging Market – Macro Economic Scenario
5. Global Low Light Imaging Market Size and Growth
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26. South America Low Light Imaging Market
27. Brazil Low Light Imaging Market
28. Middle East Low Light Imaging Market
29. Africa Low Light Imaging Market
30. Low Light Imaging Market Competitive Landscape And Company Profiles
Top Major Players:
- Sony Group
- Samsung Electronics
- Omnivision Technologies
- STMicroelectronics Inc
- Teledyne FLIR LLC
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