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 |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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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
