Low Light Imaging Global Market Report 2024

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 observed in the historical period can be attributed to factors such as the demand for surveillance and security solutions, the expansion of wildlife monitoring initiatives, an increase in consumer photography demands, the rising applications in medical imaging, and the expansion of industrial inspection activities.

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 anticipated growth in the forecast period can be attributed to factors such as integration into autonomous vehicles, the development of wearable cameras, enhanced integration into smartphones, the expansion of smart city initiatives, and the increasing demand for consumer electronics with night mode capabilities. Major trends expected in the forecast period include technological convergence with artificial intelligence (AI), advancements in image sensor technology, the incorporation of time-of-flight (ToF) cameras, ongoing miniaturization and integration efforts, and continuous technological progress in image processing.

The anticipated widespread adoption of advanced driver assistance systems (ADAS) in automobiles is poised to drive the growth of the low-light imaging market in the future. Advanced driver-assistance systems (ADAS) encompass electronic components in vehicles that leverage cutting-edge technologies to assist drivers. To meet the escalating demands for vehicle safety, ADAS necessitates low-light image sensors with enhanced capabilities. The swift uptake of ADAS is thus contributing to the expansion of the low-light imaging market. As an illustration, Autoglass® & Allglass, a leading UK-based vehicle glass repair and replacement service, reported that nearly 85% of all vehicles globally will incorporate some form of automated driving by 2025. Consequently, the rapid integration of advanced driver assistance systems (ADAS) in automobiles is a driving force behind the growth of the low-light imaging market.

The growth in consumer electronics is expected to propel the expansion of the low-light imaging market in the coming years. Consumer electronics encompass electronic devices designed for everyday, private, or professional use by consumers or end users. The incorporation of low-light imaging in consumer electronics enhances camera performance, allowing devices such as smartphones and digital cameras to capture high-quality photos and videos even in challenging lighting conditions. This improvement enhances the overall user experience and versatility of these devices. LG, a prominent South Korea-based consumer electronics company, reported record-breaking annual revenue in 2022, exceeding $60 billion for the first time in its history. LG's remarkable sales growth of 12.9% from 2021 underscores the significant role of consumer electronics in driving the low-light imaging market.

The emergence of innovations has become a pivotal trend gaining momentum in the low-light imaging market. Key companies operating in this market are actively developing innovative products to fortify their market position. For instance, in 2022, STMicroelectronics, a Switzerland-based provider of manufacturing services for electronics products, introduced VB56G4A, a 1.5-megapixel global shutter image sensor designed for applications that monitor drivers in vehicles. The sensor boasts features such as automotive compliance, global shutter architecture, a 3D stacked sensor, and a compact design, catering to the specific needs of the automotive industry.

Major companies in the low-light imaging market are intensifying their focus on introducing innovative low-light navigation cameras to gain a competitive advantage. A low-light navigation camera is a specialized imaging device crafted to capture clear and detailed visuals in low-light or nighttime conditions, enhancing visibility for navigation purposes, particularly in vehicles, drones, or autonomous systems. Immervision, a Canada-based camera company, launched a UAV low-light navigation camera module in March 2022. Equipped with a wide-angle panomorph lens, smart pixel management, and a 5-MPixel sensor, this module excels in low-light conditions, providing secure navigation for drones and robotics.

In 2021, Teledyne FLIR LLC, a US-based technology company, completed the acquisition of FLIR Systems, Inc. for $8.2 billion. This strategic acquisition bolsters Teledyne FLIR's position by expanding its array of imaging technologies and products, covering X-ray to infrared, and offering a comprehensive selection of unmanned systems and imaging payloads for diverse environments. FLIR Systems, Inc. is renowned for its thermal imaging photographic equipment and supplies, contributing to Teledyne FLIR's capabilities in enhancing perception and awareness across various applications.

Major companies operating in the low light imaging market report are Sony Group, Samsung Electronics, Omnivision Technologies, STMicroelectronics Inc, Teledyne FLIR LLC, on Semiconductor, Panasonic Holdings Corporation, Hamamatsu Photonics, ROHM CO. Ltd., TE Connectivity, Ushio America Inc., Würth Elektronik GmbH & Co, Photonis Technologies Sas, Pixart Imaging, Pixelplus, Ruixin Microelectronics Co. Ltd., Canon Inc., Fairchild Imaging Systems, Aspen Electronics, Avidyne Corporation, BAE System, Boeing, Cobham Limited, Honeywell International Inc., L3Harris Technologies Inc., Raytheon Technologies Corporation, Thales Group, Appareo, Himax Technologies Inc., Sharp Corporation.

Asia-Pacific was the largest region in the low-light imaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the low light imaging market during the forecast period. The regions covered in the low light imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the low light imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary low-light imaging technologies include complementary metal-oxide semiconductor (CMOS) and charge-coupled device (CCD). CMOS refers to semiconductor technology used in integrated circuits (ICs), commonly known as chips or microchips. Low-light imaging is applied in diverse areas such as photography, monitoring, inspection and detection, and security and surveillance. It is utilized across different verticals, including consumer electronics, automotive, medical and life sciences, military and defense, as well as industrial, commercial, and residential infrastructure.

The low-light imaging market research report is one of a series of new reports that provides low-light imaging market statistics, including low-light imaging industry global market size, regional shares, competitors with a low-light imaging market share, detailed low-light imaging market segments, market trends and opportunities, and any further data you may need to thrive in the low-light imaging industry. This low-light imaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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