Global Imaging Colorimeters Market Expected to Reach USD 710 Million by 2027

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Imaging Colorimeters Market by Type, Application, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 402 Million in 2019 and is expected to grow at a healthy growth rate of 6.9% by the year 2027. The boom in automotive industry is another prime factor responsible for future growth of the imaging colorimeter market. The standard of displays screen and lighting in the automotive sector are crucial design factors. Precisely measuring the emitted colors from the displays screen and lights enables precise, high-quality results. The market has seen growing competition in the automotive sector. End user are demanding safer, reliable, robust vehicles that offer a more pleasant driving experience. As a result, there has been an outbreak of technological advancement in the automotive industry in recent decades. Automotive design and lighting are no exception to this trend, with a number of significant innovations.

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The global Imaging Colorimeters market is fragmented based on type, application, and region. On the basis of type, the market has been divided into Full Frame CCD, Interline Transfer CCD, Others. Based on application, the market has been bifurcated into Display test, Light measurement, Surface inspection, Keyboard inspection, Automotive solutions, others. Based on region, the global Imaging Colorimeters market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa (MEA).

In the year 2020, the Imaging Colorimeters market is expected to observe slow growth due to the COVID-19 pandemic. The global electronics devices market (such as industrial electronics devices and consumer electronics) is expected to be affected significantly by pandemic as China is one of the major suppliers for the raw materials as well as the finished products. The industry is on the edge of facing a reduction in production, price fluctuations, and disruption in supply. On the good side, this can vastly motivate local and regional players to come out in limelight and address the growing demand, the scarceness of raw material can still show a barrier to this industry. The revenue share of key electronic market players is likely to be affected in the near future.

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As per GMR industry analyst Akshata Ahire, The Global Imaging Colorimeters Market is anticipated to witness significant growth during the forecast period 2020-2027 driven by Growing industrialization, upsurge in usage of displays and increased use of keyboards with illuminating lights due to changing lifestyle trend are the factors thriving the growth of imaging colorimeter market. Upsurge in the number of displays used in LED’s and LCD’s is eventually driving the market growth. Moreover, rise in demand of imaging colorimeter in chemical & pharmaceutical laboratories for test applications and requirements for measurement drives the growth of imaging colorimeter market.

Key Takeaways from the Study:

• Leading players- Westboro, Photo Research Inc., Konica Minolta, Admesy, Eldim, TechnoTeam, and Gamma Scientific hold the major portion of the market share of the global Imaging Colorimeters market in the year 2019.
• Growing competition amongst key players is inspiring them to launch differentiated technology products to withstand the competitive market.
• The U.S. is leading the global imaging colorimeter market significantly owing to the growth of industrial sector, rise in the use of LCD & LED displays, and wide range of application areas of imaging colorimeters. The U.S. is followed by Europe. Holds the second largest major share in global market due to increasing application of imaging colorimeters in pharmaceutical laboratories.

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Report Scope:

Target Audience:

• Supply-side: Imaging Colorimeters manufacturers, technology integrator and suppliers, primary respondents, and distributors.
• Demand Side: Consumer electronics manufacturer, Automotive OEMs, and Consumer goods manufacturer among others
• Regulatory Side: Concerned government authorities, Electronics Industry Regulation, Department of Consumer Protection or Fair Trading, and other regulatory bodies.
• Associations and Industry Bodies: Consumer Electronics Associations, Department of Consumer Protection, Electronic Display Industry Regulatory Authority, Association of Automotive lighting, National Standard Association, Automotive display and lighting part associations.

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