In the latest report by Future Market Insights, the lead research consultant estimates the global low light imaging market value to reach US$ 26.6 billion in 2024.
The upward trajectory will continue securing growth, with projections indicating a market value of US$ 70.0 billion by 2034. This equates to a moderate CAGR of 10.2% through the forecast period.
Market Trends and Highlights
| Attributes | Key Insights |
|---|---|
| Low Light Imaging Market Estimated Size in 2024 | US$ 26.6 billion |
| Projected Market Value in 2034 | US$ 70.0 billion |
| Value-based CAGR from 2024 to 2034 | 10.2% |
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The scope for low light imaging rose at a 12.2% CAGR between 2019 and 2023. The global market is achieving heights to grow at a moderate CAGR of 10.2% over the forecast period 2024 to 2034.
Factors such as the advancements in sensor technology, image processing algorithms as well as optical components had accelerated the market prospects during the historical period.
Integration in consumer electronics, coupled with the rise in automotive applications had also contributed to the market growth.
Developments in medical imaging and scientific research also augmented the demand for low light imaging.
The applications such as augmented reality and virtual reality, spatial computing, agricultural robotics, and industrial automation are the major factors influencing the demand for low light imaging, especially when they are successfully applied for such different applications.
The integration of machine learning and artificial intelligence together with low light imaging techniques is expected to make the imaging and identification of objects more precise, contributing to significant growth of the market.
The market is expected to accelerate, owing to the collaborations between the industry actors, such as technology companies, manufactures of sensors, and software companies, as well as end users, which is further scaling up the market growth.
Principal Consultant
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by Korea and Japan. The countries will lead the market through 2034.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 10.2% |
| The United Kingdom | 10.6% |
| China | 10.9% |
| Japan | 11.3% |
| Korea | 12.6% |
The low light imaging market in the United States will expand at a CAGR of 10.2% through 2034. The healthcare sector in the country is continuously adopting advanced imaging technologies for diagnosis, treatment, and surgical procedures.
Low light imaging technology, particularly in applications such as fluorescence guided surgery and endoscopy, is expected to witness increased adoption, contributing to market growth.
The United States has a significant demand for security and surveillance solutions across various sectors, including government, commercial, and residential. Low light imaging technology plays a crucial role in enhancing surveillance capabilities, especially in low-light conditions, driving market growth.
The low light imaging market in the United Kingdom to expand at a CAGR of 10.6% through 2034. The aerospace and defense industry in the country requires advanced imaging technologies for surveillance, reconnaissance, and military operations.
Low light imaging systems, such as night vision goggles, thermal imaging cameras, and surveillance drones, play a critical role in defense applications, contributing to market growth.
The United Kingdom is a significant market for automotive manufacturers, with a focus on improving vehicle safety standards. Low light imaging solutions, including night vision systems and advanced driver assistance systems, are essential for enhancing nighttime visibility and reducing accidents, driving market growth in the automotive sector.
Low light imaging trends in China are taking a turn for the better. A 10.9% CAGR is forecast for the country from 2024 to 2034. Government support and policies aimed at promoting technological innovation, supporting key industries, and addressing security challenges drive market growth in China.
Initiatives such as the Made in China 2025 plan and the National Defense Science and Technology Innovation Strategy prioritize the development of advanced imaging technologies, including low light imaging systems.
China is investing heavily in research and development initiatives to drive innovation and advancements in imaging technology. Chinese companies are developing cutting-edge low light imaging systems, including sensors, cameras, and image processing algorithms, fostering market growth and competitiveness.
The low light imaging market in Japan is poised to expand at a CAGR of 11.3% through 2034. Japan is a leader in robotics and automation technologies, with applications in manufacturing, healthcare, and service industries.
Low light imaging systems play a crucial role in robotic vision systems, enabling robots to operate effectively in low light environments, driving market growth in robotics and automation.
Japan has a large consumer electronics market, with a high demand for smartphones, digital cameras, and other imaging devices. Consumers increasingly prefer devices with improved low light imaging capabilities, such as night mode features and advanced camera sensors, driving market growth in the consumer electronics sector.
The low light imaging market in Korea will expand at a CAGR of 12.6% through 2034. Low light imaging technology finds applications in industrial inspection, quality control, and manufacturing processes.
Korea strong manufacturing base and emphasis on advanced production techniques drive the adoption of low light imaging systems for inspecting components, detecting defects, and ensuring product quality, contributing to market growth.
Korea is home to leading semiconductor manufacturers and suppliers, driving innovation and advancements in imaging sensor technology. The expansion of the semiconductor industry fosters the development of high-performance low light imaging sensors, supporting market growth in Korea and globally.
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The below table highlights how CMOS segment is leading the market in terms of technology, and will account for a CAGR of 10.0% through 2034.
Based on form, the low light photography segment is gaining heights and will to account for a CAGR of 9.8% through 2034.
| Category | CAGR through 2034 |
|---|---|
| Complementary Metal Oxide Semiconductor | 10.0% |
| Low Light Photography | 9.8% |
Based on technology, the complementary metal oxide semiconductor segment will dominate the low light imaging market. CMOS sensors offer cost effective manufacturing processes and scalability, making them suitable for mass production and integration into various imaging devices.
Compared to other sensor technologies such as charge coupled devices, CMOS sensors are more economical to produce, resulting in lower overall system costs and broader market accessibility.
Advancements in CMOS sensor technology have led to significant improvements in sensitivity and signal to noise ratio, making CMOS sensors capable of capturing high-quality images even in low light conditions. The enhanced sensitivity enables better image quality and visibility, driving the adoption of CMOS based low light imaging solutions.
In terms of application, the low light photography segment will dominate the low light imaging market. Smartphone manufacturers are continuously improving camera technology to meet consumer expectations for better low light photography.
Advancements such as larger pixel sizes, wider aperture lenses, optical image stabilization, and advanced image processing algorithms enable smartphones to capture clearer and more detailed photos in challenging lighting conditions, driving market growth.
Consumers demand better low light performance in their devices, with the increasing popularity of smartphone photography and social media sharing. The ability to capture high-quality photos in low light conditions, such as indoors or at night, has become a key selling point for smartphones and digital cameras, driving market demand for low light imaging solutions.
A deep dive in the competitive landscape of the low light imaging market states that the industry is burgeoning and giants are working day in and out to achieve goals and to stand out unique in the queue.
Company Portfolio
| Attribute | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 26.6 billion |
| Projected Market Valuation in 2034 | US$ 70.0 billion |
| Value-based CAGR 2024 to 2034 | 10.2% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ Billion |
| Key Regions Covered |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
The low light imaging market is projected to reach a valuation of US$ 26.6 billion in 2024.
The low light imaging industry is set to expand by a CAGR of 10.2% through 2034.
The low light imaging market is forecast to reach US$ 70.0 billion by 2034.
Korea is set to be the top performing market, exhibiting a CAGR of 12.6% through 2034.
CMOS segment is preferred, and will account for a CAGR of 10.0% through 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2024 to 2034
5.3.1. Complementary metal oxide semiconductor (CMOS)
5.3.2. Charge coupled device (CCD)
5.4. Y-o-Y Growth Trend Analysis By Technology, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Technology, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034
6.3.1. Low light Photography
6.3.2. Monitoring, inspection & detection
6.3.3. Scientific & Medical imaging
6.3.4. Security & Surveillance
6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vertical
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2024 to 2034
7.3.1. Consumer electronics
7.3.2. Automotive
7.3.3. Medical & Life sciences
7.3.4. Military & Defense
7.3.5. Industrial, commercial & residential infrastructure
7.4. Y-o-Y Growth Trend Analysis By Vertical, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Vertical, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Technology
9.2.3. By Application
9.2.4. By Vertical
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Technology
9.3.3. By Application
9.3.4. By Vertical
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Technology
10.2.3. By Application
10.2.4. By Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Technology
10.3.3. By Application
10.3.4. By Vertical
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Technology
11.2.3. By Application
11.2.4. By Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Technology
11.3.3. By Application
11.3.4. By Vertical
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Technology
12.2.3. By Application
12.2.4. By Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Technology
12.3.3. By Application
12.3.4. By Vertical
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Technology
13.2.3. By Application
13.2.4. By Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Technology
13.3.3. By Application
13.3.4. By Vertical
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Technology
14.2.3. By Application
14.2.4. By Vertical
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Technology
14.3.3. By Application
14.3.4. By Vertical
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Technology
15.2.3. By Application
15.2.4. By Vertical
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Technology
15.3.3. By Application
15.3.4. By Vertical
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Technology
16.1.2.2. By Application
16.1.2.3. By Vertical
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Technology
16.2.2.2. By Application
16.2.2.3. By Vertical
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Technology
16.3.2.2. By Application
16.3.2.3. By Vertical
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Technology
16.4.2.2. By Application
16.4.2.3. By Vertical
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Technology
16.5.2.2. By Application
16.5.2.3. By Vertical
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Technology
16.6.2.2. By Application
16.6.2.3. By Vertical
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Technology
16.7.2.2. By Application
16.7.2.3. By Vertical
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Technology
16.8.2.2. By Application
16.8.2.3. By Vertical
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Technology
16.9.2.2. By Application
16.9.2.3. By Vertical
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Technology
16.10.2.2. By Application
16.10.2.3. By Vertical
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Technology
16.11.2.2. By Application
16.11.2.3. By Vertical
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Technology
16.12.2.2. By Application
16.12.2.3. By Vertical
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Technology
16.13.2.2. By Application
16.13.2.3. By Vertical
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Technology
16.14.2.2. By Application
16.14.2.3. By Vertical
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Technology
16.15.2.2. By Application
16.15.2.3. By Vertical
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Technology
16.16.2.2. By Application
16.16.2.3. By Vertical
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Technology
16.17.2.2. By Application
16.17.2.3. By Vertical
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Technology
16.18.2.2. By Application
16.18.2.3. By Vertical
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Technology
16.19.2.2. By Application
16.19.2.3. By Vertical
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Technology
16.20.2.2. By Application
16.20.2.3. By Vertical
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Technology
16.21.2.2. By Application
16.21.2.3. By Vertical
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2022
16.22.2.1. By Technology
16.22.2.2. By Application
16.22.2.3. By Vertical
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2022
16.23.2.1. By Technology
16.23.2.2. By Application
16.23.2.3. By Vertical
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Technology
17.3.3. By Application
17.3.4. By Vertical
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Sony Corporation
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Samsung Electronics Co. Ltd.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Omnivision Technologies Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. ON Semiconductor Corporation
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. STMicroelectronics N.V.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Panasonic Holdings Corporation
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Canon Inc.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. PixArt Imaging Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Hamamatsu Photonics K.K.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Teledyne Technologies Incorporated
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
Industrial Automation
June 2022
REP-GB-845
250 pages
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Low Light Imaging Market
