The size of the low light imaging market was USD 23,749 million in 2022, and the figure is set to rise at a CAGR of 10.15% in the duration of 2022–2030 and reach USD 51,466 million by the end of this decade. 

This growth of the industry can be credited to the increasing usage of this technology in cameras of smartphones and tablets, the growing utilization of sensors in several applications, and the rising demand for high-resolution, low-maintenance, and high-dynamic range cameras.

In 2022, the complementary metal oxide semiconductor category held the largest revenue share, of above 60%. This is because of its high-speed imaging, low production cost, resistance to smearing and blooming, and elasticity in the technique by which pixels are read and managed.

CMOS also offers several features, including faster frame rate, high-noise tolerance, compact size, easy integration, small size, and high-temperature solidity, such factors are driving the category growth.

During the forecast period, the automotive category is projected to experience the highest compound annual growth rate, of 11.2%, on the basis of vertical. This is because of the applications of low-light imaging in advanced driver assistance systems, such as side view/rear view systems and camera mirrors, and the introduction of innovative products associated with this technology.

APAC is dominating the low light imaging market, with the largest revenue share, and is projected to continue with the dominance in the future as well to capture USD 15,440 million by the end of the decade. This can be credited to the heavy demand for these solutions in numerous electronics and automotive manufacturing businesses that are situated in the region and the rising acceptance of low-light image sensors by smartphone firms.

The Chinese market is the largest revenue generator in APAC and is projected to witness significant growth in the future as well. Mainly because of the mounting automotive and consumer electronics businesses, and the rise in the lunches of enhanced smartphones.

The growing use of smartphone imaging sensors is fuelling the industry. It is also boosted by the growing usage of low-light imaging goods credited to the increasing acceptance of sensor technology in tablets and smartphones.

The cameras that are utilized in tablets require higher resolution, more stretched range even in low light circumstances, and advanced frame rates and this generates the need for low-light imaging services in the industry.