The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Low Light Imaging Global Market Report 2023, the low light imaging market is expected to show significant growth in the forecast period.

Key insights from the low light imaging market forecast include:

1. Market Size

The global low light imaging market is expected to grow from $11.07 billion in 2022 to $12.32 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The global low-light imaging market size is expected to reach $19.10 billion in 2027 at a CAGR of 11.6%.

2. Major Driver

The rapid deployment of advanced driver assistance systems (ADAS) for automobiles is projected to propel the low-light imaging industry ahead in the coming years. According to a statistic provided by Autoglass® & Allglass, a leading automotive glass repair and replacement service based in the United Kingdom, by 2025, over 85% of all vehicles made worldwide will feature some sort of automated driving. As a result, the rising adoption of advanced driver assistance systems (ADAS) for automobiles is propelling the low-light imaging industry forward.

View More On The Low Light Imaging Market Report 2023 – https://www.thebusinessresearchcompany.com/report/low-light-imaging-global-market-report

3. Key Trend

Product Innovations have emerged as the most popular trend in the low-light imaging market. To increase their market position, major businesses in the low-light imaging sector are introducing unique products. STMicroelectronics, a Swiss-based provider of manufacturing services for electronics products such as semiconductors, multimedia products, power applications, and sensors, for example, launched the VB56G4A, a 1.5 megapixel global shutter image sensor designed for applications that monitor drivers in vehicles, in 2022. Automotive compliance, a 1.5-megapixel ultra-compact image sensor, global shutter architecture, a 3D stacked sensor at 40 and 65 nm, a 2.61 mm x 2.61 mm BSI (backside illuminated) pixel, a 1.5-megapixel monochrome sensor (1124 x 1364), and other features distinguish the VB56G4A.

4. Major Players

Major players in the low light imaging market are Sony Group, Samsung Electronics, Omnivsion Technologies, STMicroelectronics Inc., Teledyne FLIR LLC, on Semiconductor, Panasonic Holdings Corporation, Hamamatsu Photonics, Sony Semiconductor Solutions Corporation, ROHM CO., Ltd., TE Connectivity, Ushio America, Inc., Würth Elektronik GmbH & Co, KG, Photonis Technologies Sas, Pixart Imaging, Pixelplus and Ruixin Microelectronics Co., Ltd.

5. Top Market Segments

The global low light imaging market is segmented –

1) By Technology: Complementary Metal-Oxide Semiconductor (CMOS), Charge-Coupled Device (CCD)

2) By Application: Photography, Monitoring, Inspection And Detection, Security and Surveillance

3) By Vertical: Consumer Electronics, Automotive, Medical And Life Sciences, Military And Defense, Industrial, Commercial And Residential Infrastructure

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The Low Light Imaging Global Market Report 2023  provides an in-depth analysis on the low light imaging market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the low light imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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