Next Imaging Technology Market Analysis, Cost, Production Value, Price, Gross Margin and Competition Forecast to 2027

The global next imaging technology market is expected to grow 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 application areas including medical devices, smartphone cameras, and surveillance.

The growing demand for precise visualisation 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 visualisation technologies, and the same pattern is likely to be true 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 visualisation of affected body parts.

The growing demand for smartphones with advanced camera capabilities is also likely to be a major driver for the 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.

Some of the major players in Global Next Imaging Technology Market 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.

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:

• Type: this is segmented into induction tomography, CMOS imaging, and electromagnetic imaging
• Technique: the segments are on the basis of optical, thermal, radiography, and scanning
• Application: this segment is sub-segmented into medical, consumer electronics, automotive, civil engineering, and surveillance
• Region: this segment is sub-segmented into North America, Europe, Asia-Pacific, and 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. Asia Pacific is expected to see 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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