Image Sensor Market is anticipated to rise at a value CAGR of 9.9% over 2019-2028. According to a study published by Insure Insights on Image Sensor Market, an image sensor is a sensor that detects and delivers information so as to make an image. It is mostly used in cameras; the image sensor receives incident light that is focused through a lens, then through the sensor, it will transfer information to the next stage as either a voltage or as a digital signal. A rise in the use of image sensors in smartphones and tablets have driven the market growth
Top Driver: The technological advances in the Image sensors have driven the market growth
The rapid technological advances by the competitor’s increase in the use of image sensors in various applications have primarily driven the market growth. The rise in the R&D investments and government initiatives towards digitalization has further boosted the market growth. Image sensors being, smaller, and power-efficient, have further fueled the overall growth of the Market.
CMOS Technology dominates the overall growth Image sensor market.
Based on the technology segment, CMOS technology has obtained the highest growth as CMOS sensors considered over CCD sensors as they are small in size, CMOS operates with low power consumption, and has lower manufacturing cost as compared with others. Various Advances in the CMOS image sensor technology has further improved the overall performance of image sensors and thus has increased its use in consumer electronics. CMOS image sensors are cheap and have enhanced features and thus have helped in the overall market growth
In terms of the Processing type segment, 2D image sensors have obtained the most remarkable growth as they are widely used in medical applications as they assist in the visualization of essential structures and thus helps in diagnosis and treatment. It is widely used as an X-ray diagnostic tool for dentists. In terms of the Array type segment, Area image sensor, has obtained the highest growth due to the surge in demand for camera modules in smartphones and tablets
Asia Pacific dominates the regional Market due to the rise in the demand for consumer electronics
The presence of the key players and rise in the demand for image sensors, especially in the is form the consumer electronics like smartphones and tablets, cameras, wearables, and electronics, are primarily driving the Market of Asia Pacific. The adoption of the technology of dual camera in smartphones have tremendously improved the demand for image sensors. Image sensors are widely being also used in Automotive and has further driven the regional market growth. The surge in population growth, the rise in disposable income, and the increase in the demand for smartphones, especially in countries like India and China, have boosted the market revenue. The growing infrastructure development government initiatives and technological advances have further fueled the Market.
Product launches and strategic collaborations are the major strategies of the competitors
The key competitors of the Image Sensor Market are Sony, Samsung Electronics, OmniVision, On Semiconductor, Panasonic, Canon, SK Hynix, STMicroelectronics, Pixart Imaging, and PixelPlus
Sony: Sony is a giant competitor of the Image Sensor Market; for instance, in May 2020, Sony had announced the launch of IMX500 and IMX501, they are termed as intelligent vision sensors. Sony has also claimed them to be the first image sensors in the world that are equipped with AI processing functionality. It enables the high-speed edge AI processing and extraction of only the necessary data used on cloud services.
Samsung Electronics: Samsung Electronics are popular in the Image Sensor Market. In September 2019, Samsung Electronics had announced the launch of an image sensor with 0.7µm pixels. For smartphone use, it was known as Isocell Slim GH1 packs in 43.7 megapixels. It is smaller than predecessors in the same resolution class. and thus will allow smartphone makers to make their camera modules smaller and thinner so they can apply the latest designs such as being full-screen and bezel-less
Scope of the Report
By Processing Type
By Array Type
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