Microscope Digital Cameras Market to Be Worth US$ 1.2 Bn by the End of 2027 - Future Market Insights
Valley Cottage, NY, December 11, 2017 (Newswire.com) - According to Future Market Insights, the global microscope digital cameras market is likely to witness robust growth rate throughout the period of assessment. This research was carried out to identify various trends and developments in the microscope digital cameras market and the market’s future scenario. The forecasts were analysed up to ten years starting from 2017 to 2027. According to the exhaustive research report, the global microscope digital cameras market is expected to grow at a high CAGR of 9.2% throughout the 2017-2027 assessment period to reach a value of around US$ 1.2 Bn by the end of 2027 from a value of about US$ 444.6 Mn in 2016.
CMOS segment is in the growth zone of the product life cycle
CMOS segment by sensor type is expected to grow at a stellar rate throughout the forecast period. This segment has shown consistent growth since 2012 and is estimated to reach a value of a bit over US$ 460 Mn by the end of 2027. This segment has picked up speed and poised to register a high 11.3% CAGR during the 2017-2027 period. This segment can be said to lie in the growth phase of PLC as it reflects a 4x growth in market valuation in the 2012-2027 period. The CCD segment is also expected to grow at a robust growth rate during the period of forecast, but comparatively slow than the CMOS segment. CCD segment leads the market in terms of market value since past years and is expected to retain its status quo in the coming years. It is estimated to dominate the global market, as it shows a high value of about US$ 695 Mn by the end of 2027.
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Non-cooled sub-segment expected to show dominance in the coming years
In the sensor type category, the CMOS and CCD segments both are further sub-segmented into cooled and non-cooled. The non-cooled sub-segment in CMOS segment is expected to show high growth rate and market value than the cooled sub-segment. Non-cooled sub-segment is poised to register a high CAGR of 11.6% throughout the period of forecast 23017-2027 and lead the global market.
In CCD segment, the non-cooled and cooled sub-segments are poised to grow at a similar rate during the forecast period. However, the non-cooled segment shows a high market value of about US$ 446.5 Mn by 2027 end. To infer, this sub-segment possess higher lucrativeness than the cooled sub-segment and a better investment option for players in the global microscope digital cameras market.
Regional Insights – North America region to favour growth of CMOS
Regional analysis with respect to sensor type show that CMOS segment is expected to grow at a higher rate in North America region compared to other regions in the coming years. This segment is poised to register a CAGR of 13.2% throughout the period of forecast. In Japan, CMOS segment is expected to grow at a CAGR of 11.2%, but with a lower market valuation. In North America, the CMOS segment shows a higher value of about US$ 152 Mn in 2027. Western Europe and Asia Pacific excluding Japan also show good growth potential for the CMOS segment.
The CCD segment, on the other hand, is anticipated to grow at a high rate in Japan region, with a 9.7% CAGR during the 2017-2027 forecast period. In North America region, this segment shows high value share and this trend is expected to continue till 2027. Western Europe stands second with respect to value share followed by APEJ and Japan.
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Source: Future Market Insights