Image Sensor Market was worth US$ 8.6 Bn. in 2020 and total revenue is expected to grow at a rate of 4.5 % CAGR from 2021 to 2027, reaching almost US$ 11.70 Bn. in 2027.
Image Sensor Market Overview:
The Image Sensor Market An image sensor, sometimes known as an imager, is a sensor that delivers data for the creation of an image. They are either semiconductor charge-coupled devices or active pixel sensors in interdependent metal-oxide-semiconductor. Samsung and Sony are the two primary companies in the image sensor market. The new Korean business SK hynix has entered the image sensor industry, competing with Sony and Samsung. The majority of the market is accounted for by image sensors used in electronic imaging devices such as digital cameras, medical imaging equipment, camera modules, night vision equipment, and thermal imaging devices. Increased spending on security and monitoring in public areas around the world, as well as the rising use of technologies for improving anti-terror equipment and eliminating security flaws, are expected to drive the image sensor market in the coming years. The Global Image Sensor Market report provides a thorough examination of the market.
Historical Forecast Period:
Maximize Market Research report presents the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.
Image Sensor Market Overview and Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Image Sensor Market segments which include products, applications, and competitor analysis.
The increasing number of cameras used in mobile devices such as smartphones and tablets is one of the key factors driving the growth of the image sensor industry. OEMs are attempting to produce image sensors with a small footprint and more functionality as the importance of camera functionalities and picture quality in smartphones develops, in order to make smartphones useful and thin. The broad availability of light detection and ranging (LiDAR) technology for use in driverless vehicles is suffocating the market for image sensors. Automakers demand environmental sensing technology in their self-driving cars. Vehicle computing systems can employ these technologies to control their speed, as well as decide where to turn, when to change lanes, and when to brake. Businesses working on autonomous vehicles are now using LiDAR technology, which is an upgraded version of short-range radar detection and ranging (RADAR), and a system of cameras to acquire visual information about their surroundings.
Increased camera adoption in artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) applications, as well as driverless cars, is expected to provide image sensor manufacturers with new opportunities and revenue streams. AI has been utilised in smartphones, security cameras, and other devices to improve photo quality, decode recorded films, and identify objects from humans over time. The principal uses of AI-enabled cameras rely on photographs and videos transmitted to processing units that can be saved on the cloud. There is a risk of data leakage during the transmission of these images and videos. To circumvent these restrictions, companies like Sony Corporation (Japan) are developing AI-enabled image sensors. In May 2020, Sony Corporation (Japan) introduced the IMX500, which combines computing power and memory. This image sensor performs machine learning and supports in the powering of computer vision operations without the requirement of additional hardware. 3D ToF image sensors can be utilised in smartphones for AR/VR applications to provide a 3D perception of the environment.
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Segmentation:
The market is divided into CMOS image sensors, CCD image sensors, and various types of image sensors. Photons are converted into a comparable amount of electronic signal via image sensors, allowing a digital image to be formed. Image sensors were formerly only found in camera modules and other imaging equipment. As a result of technological trends such as machine vision in robotics, industrial automation, and the use of advanced driver assistant systems (ADAS) technology in the automobile sector, image sensors are currently being employed in a range of industries. The aforementioned factors are predicted to aid in the advancement of the image sensors market in the near future.
VGA, 1.3 MP to 3 MP, 5MP to 10 MP, 12 MP 16, More than 16 MP are the sub-segments of the market. The 12 MP to 16 MP sector of the market is predicted to grow at the fastest rate from 2020 to 2025. The growing demand for image sensors from consumer electronics and automotive end-users is one of the primary factors driving the growth of this market. These CMOS image sensors are significantly smaller than traditional high-resolution image sensors. In addition to outstanding image quality, HDR, and a wide field of view, CMOS-based image sensors are ideal for car and smartphone applications.
Aerospace, Defense, Security, Automotive, Consumer Electronics, and Industrial are the segments that make up the market. In 2020, the consumer electronics segment of the image sensor market held the largest market share. The growth of this market can be attributed to the increasing use of cameras with image sensors in smartphones around the world. The growing popularity of smartphone photography among consumers has become one of the most essential factors for smartphone makers to consider. These businesses sell cellphones that include up to seven cameras. The automotive segment will account for the majority of the market over the forecast period. As people's purchasing power increases, there is an increasing need for passenger automobiles. Aside from that, driving assistance apps and safety-related imaging technology are becoming more prevalent. All of this contributes to the expansion of the segment.
Key Players:
• Sony Corporation
• Samsung Electronics Co., Ltd.
• Omni Vision Technologies, Inc.
• STMicroelectronics
• ON Semiconductor Corporation
• Panasonic Corporation
• Canon Inc.
• SK hynix Inc.
• PixArt Imaging Inc.
• Hamamatsu Photonics K.K.
• Teledyne Technologies Limited.
• CMOSIS NV
• Galaxy Core Inc.
• Sharp Corporation
• Toshiba Corporation
• Airy3D
• AMS AG
• Fastree3D SA
• Gpixel Inc.
• Himax Technologies, Inc.
• Pixel plus Co., Ltd.
• Prophesee S.A.
• Unispectral Ltd.
Regional Analysis:
Regional analysis is another highly comprehensive part of the research and analysis study of the Image Sensor Market presented in the MMR report. Local development plans are often affected by the performance of Image Sensor market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic Image Sensor market and these findings have been strategically presented in the report.
Competition Landscape:
Most of the key players present in the Image Sensor Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
Key questions answered in Image Sensor Market report
- What was the market size of Image Sensor Market in 2020 and forecast up to 2027?
- Which is the largest regional Image Sensor Market?
- What are the major trends followed in Image Sensor Market across different regions?
- Who is the key Image Sensor Market companies leading the market?
- What are the key strategies adopted by the leading Image Sensor Market companies in market?
- Unique data points of this report
- Statistics on Image Sensor Market penetration and spending worldwide
- Recent trends across different regions in terms of adoption of Image Sensor Market for various end-use.
- Notable developments going on in Image Sensor Market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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