Global Low-Light Imaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Low-Light Imaging Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Low-light imaging is a technology used to improve visibility in dimly lit environments. Low-light conditions are explained as situations when the ambient light flux is less than 1 lux roughly comparable to the illumination of the earth's surface at full moon. Low-light imaging is also known as night vision imaging or night vision camera since the first application of this technique was the improvement of human night vision capability. Low-light imaging, thermal imaging, and near-infrared illuminations are the three most commonly used night vision technologies. The most common method of low-light imaging uses a device called an image intensifier to amplify available light. Low-light imaging aims to solve imaging problems in environments with extremely weak light intensity such as night vision systems at night and mines.

Market Overview:

The latest research study on the global Low-Light Imaging market finds that the global Low-Light Imaging market reached a value of USD 10316.0 million in 2022. It’s expected that the market will achieve USD 15887.93 million by 2028, exhibiting a CAGR of 7.46% during the forecast period.

Influence of COVID-19 Outbreak on Low-Light Imaging Industry Development

The COVID-19 epidemic spread to more than 210 countries and regions around the world in three months, affecting nearly 7 billion people. The coronavirus epidemic has impacted all aspects of human health, economic growth, social development, national security, and international relations. It is a comprehensive challenge. The epidemic has drastically reversed expectations of moderate growth in the world economy in early 2020. After the outbreak, the employment situation in various countries has become more severe. Global investors panic, triggering turmoil in the financial and capital markets. The epidemic has caused huge losses to related industries and international trade. From the perspective of the general background, exports, consumption, and investment are driving the economy. After the outbreak of the epidemic, consumption, exports, and investment have all been affected to some extent. Therefore, the global economic downturn is inevitable.
More than one million lives have been lost to COVID-19 since the start of 2020 and the toll continues to rise. Many more have suffered a serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021.

Limitations

There are many market participants in low-light imaging, and market competition is fierce, which hinders market development. In some developing countries, many low-end image sensors or pirated products occupying market share is also one of the factors hindering the development of the low-light imaging market.

Opportunities

With the rapid development of the new energy automobile industry in recent years, many people buy new cars and many people change cars. People's requirements for cars are getting higher and higher. At present, automotive sensors including cameras and radars have been widely installed in reversing imaging and collision avoidance systems. With the development of standard ADAS and autonomous driving in new cars, as the eyes of the car, sensors will introduce more external information to the car. Current solutions mainly include radar and image sensors. Vehicles use camera sensors, radar and lidar to form solutions for different scenarios. The number of night driving in daily life is also increasing. This is an opportunity for the low-light imaging market.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Sony is one of the major players operating in the Low-Light Imaging market, holding a share of 40.85% in 2021.

Sony Group Corporation （SONY) is a Japanese multinational conglomerate corporation headquartered in Kōnan, Minato, Tokyo. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional electronic products, the largest video game console company and the largest video game publisher. Through Sony Entertainment Inc, it is one of the largest music companies (largest music publisher & second largest record label) and the third largest film studio, making it one of the most comprehensive media companies, being the largest Japanese media conglomerate by size overtaking the privately held, family-owned Yomiuri Shimbun Holdings, the largest Japanese media conglomerate by revenue.

The Samsung Group is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol (business conglomerate).

Segmentation Overview:

Among different product types, CMOS sensor (Active-Pixel Sensor) segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Photography segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Low-Light Imaging market covered in Chapter 3:

Hamamatsu Photonics K.K.
Teledyne Technologies
OmniVision
Sony
Sharp Corporation
Samsung
ON Semiconductor
STMicroelectronics
Panasonic
Canon

In Chapter 4 and Chapter 14.2, on the basis of types, the Low-Light Imaging market from 2018 to 2029 is primarily split into:

Charge-Coupled Device (CCD)
CMOS sensor (Active-Pixel Sensor)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Low-Light Imaging market from 2018 to 2029 covers:

Photography
Monitoring
Inspection & Detection
Security & Surveillance

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)