Market Trends of Low Light Imaging Industry
This section covers the major market trends shaping the Low Light Imaging Market according to our research experts:
The growth usage of low light image photography in the smartphones
- The cameras used in the smartphones of late requires higher frame rates, higher resolution, and more extended range even in dim lit conditions, and this creates a demand for low light imaging solutions in the market. The vendors are constantly upgrading the sensors to meet the requirement of the end-users who expect better imaging solutions year on year.
- Over several generations, the low-light capabilities of smartphone cameras have increased dramatically due to the advances in sensor design, faster lenses, and computational imaging methods, current high-end phones can achieve more than acceptable results in low-light conditions. In September 2019, to reflect and evaluate the technological advancements, DXOMARK added a Night score to the smartphone camera test protocol.
- In October 2019, Google launched its Pixel 4 smartphone, whose primary camera is built around a 1/2.55-inch sensor with 12.2 MP resolution, and the camera's unique ability is to capture the night sky in stunning detail complete with stars. Astrophotography is a form of low light photography which requires highly sensitive imaging sensors to capture them efficiently.
- In 2020, various manufacturers such as Nokia and Xiaomi are trying to incorporate under-display front cameras in their smartphones to maximize to the screen to body ratio of the smartphones. Since the camera is placed under the screen, it's not receiving enough light for high-quality captures due to which companies are developing the low light image sensors to overcome the issue, and the under-display cameras are expected to commercially launch at the end of 2020 or in the beginning of 2021.
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Asia Pacific is expected to witness highest growth rate
- The Asia Pacific is expected to witness the highest growth rate in the low-light imaging market during the forecast period due to the high demand for low-light imaging solutions for various automotive and electronics manufacturing companies that are located in the region which includes several manufacturing units smartphone companies who incorporate the low light image sensors.
- The region is even home for some of the major players in the low light imaging market which includes Sony Corporation, Samsung Electronics Co Ltd, Pansonic Corporation that hold significant market share compared to other players in the market and all these companies invest considerable research and developments expenditures to bring innovation in the low light imaging market.
- India's contribution to global smartphone production had jumped to 16 percent in 2019 from 9 percent in 2016. However, due to the outbreak of COVID-19 India could back to the 9 percent level in 2020 as factories have halted manufacturing activities due to the lockdown and demand is likely to stay weak till May-June which would eventually even reduce the demand for low light imaging sensors incorporated in the smartphones in the region.
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