Line Scan Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

The line scan market is anticipated to be valued at USD 1,824.6 million in 2021 and is expanded to grow at a significant CAGR of 7.7% over 2022-2028. The increasing number of cancers in the world population is propelling the growth of the global line scan market. Even though OCT devices have been on the market for a long time, technological developments will lead to a wider application of OCT imaging in biomedical domains, replacing or complementing some of today’s diagnostic instruments and medical treatments. OCT imaging is projected to have a substantial impact on existing medical practices. This will change current practices, such as the early detection of cancerous growth, and in turn, increase the demand for line scanners application in the early detection of cancer. Increased pharmaceutical applications create growth opportunities for the line scan market. Paper, metal rolls, fiber, railway inspection, solar cells, textiles, pharmaceuticals, semiconductors, and postal sorting are just a few of the uses for line-scan inspection. For instance, SWIR cameras are commonly used in hyperspectral imaging systems for pharmaceutical applications. For example, similar tablets of generic drug compounds such as aspirin, acetaminophen, vitamin C, and vitamin D can be inspected. Moreover, line scan cameras are constantly improving in performance while becoming more and more affordable The linear detector arrays segment is projected to dominate all the other segments in the global line scan. In 2020, Linear Detector Arrays (LDA) accounted for a larger revenue share and are projected to grow with a CAGR of 7.6% from 2022-2028 to reach USD 2,270.3 Mn by 2028. Based on application food industry segment accounted for the highest share.

Recent Market Developments:

In April 2022, Xenics introduced Ceres V.  Ceres V 640 and Ceres V 1280 have been announced as the new high-performance offer for long-wave infrared (LWIR) cameras from Xenics. The Ceres V family complements the previously introduced Ceres T family expanding the possible options for thermal imaging and thermographic application.

In December 2018, Detection Technology Plc acquires the business of the French technology company MultiX S.A. The business is being bought from MultiX, which is undergoing reorganisation proceedings, based on a legal decision. The asset purchase deal includes MultiX’s licensing agreements and patents, and fixed and current assets. In addition, the company’s personnel will join Detection Technology.