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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Key Players
Some of the major players in Global Next Imaging Technology Market Size include Karl Storz (U.S.), Olympus (Japan), Sony (Japan), Barco (Belgium), Imaging technology solutions (U.S.), Flir Systems Inc. (U.S.), SK Hynix Inc. (South Korea), TOSHIBA CORPORATION (Japan), Qualcomm (U.S.), and Galaxy Core Inc. (China) among others.
Next Imaging Technology Market Global Market – Segmentation
The Next Imaging Technology Market is segmented on the basis of type, technique, application, and region. These segments are further sub-segmented into the following:
- Segmentation by type: this is segmented into induction tomography, CMOS imaging, and electromagnetic imaging
- Segmentation by technique: the segments are on the basis of optical, thermal, radiography, and scanning
- Segmentation by application: this segment is sub-segmented into medical, consumer electronics, automotive, civil engineering, and surveillance
- Segmentation by region: this segment is sub-segmented into North America, Europe, Asia-Pacific, and rest of the World.
Next Imaging Technology Market Global Market - Regional Analysis
The regional analysis of next imaging technology is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the market with the largest market share during the forecast period. Increasing awareness about the latest advances in technology, new products, and increasing usage of smartphones, are the major factors for the dominance of the region in the next imaging technology market. Asia Pacific is expected to witness the highest growth rate in the market, as the region is driven by high disposable income of consumers and their increasing health awareness. Europe is expected to register a positive growth in the next imaging technology market during the forecast period.
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