Electronics and Components in Global Imaging Markets

According to a new technical market research report, Electronics and Components in Global Imaging Markets (IAS025A) from BCC Research, the global market for imaging components was worth $40.4 billion in 2007. This is expected to increase to over $58.7 billion by 2012, a compound annual growth rate (CAGR) of 7.8%.

The market is broken down into applications of image capture, image analysis and image display. Of these, image analysis will have the largest share of the market by the end of the study period. Valued at $14.3 billion in 2007, this segment is expected to be worth $22.3 billion by 2012, for a CAGR of 9.3%.

The second largest segment, image display, was worth an estimated $15.2 billion in 2007 and will reach more than $19 billion by 2012, for a CAGR of 4.6%. Image capture is currently a $10.8 billion segment that will be worth $17.4 billion in 2012, a CAGR of 9.9%.

Within these groups, printing inks, imaging sensors and imaging memory will constitute the top three markets in terms of size over the study period. The market for printing inks will grow from $15.2 billion in 2007 to $19 billion in 2012, at a CAGR of 4.6%. Imaging sensors will grow from $7.9 billion in 2007 to $10.5 billion in 2012, at a CAGR of 6%. Imaging memory will grow from $6.6 billion in 2007 to $9 billion in 2012, a CAGR of 6.4%.

Advances in medical diagnostic and therapeutic methodologies, the drive in wireless telephone end-user equipment towards mobility, miniaturization and integration of rich multimedia capabilities, and the increasing acceptance of high definition TV in the consumer electronics space are all driving the industry. Steady growth in worldwide penetration of computing technologies for personal and enterprise usage, ongoing investments in defense and security-related infrastructure, and global research and development activity are also pushing the imaging components industry forward.