Global Image Sensor Market 2021: Industry Size & Share, Business Strategies, Growth Analysis, Regional Demand, Revenue, Key Manufacturers and 2027 Forecast Research
SUMMERY:
Market Research Future published a research report on “Global Image
Sensor Market Research Report- Global Forecast 2027” – Market Analysis, Scope,
Stake, Progress, Trends and Forecast to 2027.
Market Overview
According to a new report by Market Research Future (MRFR), the global
image sensor market is expected to touch a revenue of USD 19,615 million by
2023. The market is anticipated to witness 14 % CAGR during the assessment
period (2017-2023) owing to the growing demand for camera-enabled cell phones.
Image sensor being one of the most lucrative businesses is the company’s
primary focus area.
Drivers and Restraints Affecting the Market
The emerging trend in image sensor market is its application in several
industries. For instance, Sony Corporation has come up as a separate company
for profitable image sensor division. Samsung has also developed an advanced
pixel technology in CMOS image sensor called ISOCELL. In order to meet the
growing demand of image sensor in high-end photography, mobile imaging, and security
and surveillance application, the company has converted one of its water
fabrication lines into CMOS sensors.
Owing to the growing demand for low power consumption, camera enabled
mobile phone, growing use in biometric applications, and compactness of CMOS
image sensor, the global market for image sensor is likely to propel over the
forecast period. Image sensors are also used in industry quality control to
improve the product yield and spot detective units in the production line. The
use of image sensors in biometrics, camcorders, video-conferencing
applications, virtual keyboards, optical mice, and others have been in huge
demand. The demand for such sensors has contributed to the market growth in a
positive way. Moreover, with the innovation in technology, product upgrades and
development coupled with new product launches in the market is expected to act
as a traction to the growth of the market during the review period.
Meanwhile, the declining market of the digital still camera and high
power consumption in CCD image sensors are some of the major factors hindering
the market growth globally over the assessment period.
Global Image Sensor Market Segmentation
The global market for image sensor has been segmented on the basis of
optical format, technology, application, spectrum, and region .
By mode of technology, the global market for image sensors has been
segmented into sCMOS, CMOS, CCD, and others. Among these, CMOS sensor is
predicted to hold a major share in the market compared to other segments. It is
an imaging sensor used in most of the cameras and other image capturing devices
and is comparatively cheaper that the other segments. With the growing need for
high-definition image capturing devices, the CMOS technology is predicted to
witness a high adoption rate during the assessment period.
By mode of optical format, the global market for image sensors have been
segmented into 1/5.9 to 1/4 inch image sensor, 1/10 to 1/6 inch image sensor,
1/1.9 TO 1 inch image sensor, 1/3.9 to 1/2 inch image sensor, and above 1 inch
image sensor.
By mode of linearity, the global market for image sensors has been
segmented into non-linear and linear.
By mode of spectrum, the global market for image sensors has been
segmented into invisible spectrum and visible spectrum. Among these, the
segment for visible spectrum possesses high resolution and capture full color
images with less power consumption. It also allows capturing images both in
night and day light conditions.
By mode of application, the global market for image spectrum has been
segmented into surveillance, consumer electronics, medical, automobile, and
others. Among these, the segment for automobile has been witnessed to showcase
the fastest growth rate among the other segments. Owing to the growing
purchasing power of the population, there is a demand for passenger cars.
Moreover, driver assistance applications and safety-related imaging
technologies are becoming mainstream. Such factors are expected to hit the
market during the assessment period.
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Key Players
Some of the major players operating the global market for image sensors
are SK Hynix Inc. (Korea), PixArt Imaging Inc. (Taiwan), ON Semiconductor (U.S.),
Teledyne Technologies (U.S.), Sony Corporation (Japan), GalaxyCore Inc.
(China), Samsung Semiconductor Inc. (South Korea), OmniVision Technologies Inc.
(U.S.), and others.
Regional Analysis
Geographically, the market for image sensors has been spanned across
Europe, North America, Asia Pacific, and Rest-of-the-World. North America has
been expected to hold the maximum share among other regions and is predicted to
be one of the largest markets for image processing technology. Owing to the
rapid industrialization and growing research and development activities, the
market in this region is likely to propel over the forecast period. Also, automotive
contributes to a large amount in the North American market. Due to increasing
number of accidents in this region, safety related mandates are also increasing
which is further fuelling the growth of the market over the forecast period.
Meanwhile, the European region is growing at a slow pace compared to
other regions. Emerging economies from UK, Germany, France, Benelux, Russia,
Italy, and Spain is likely to drive the image sensor market in this region.
Asia Pacific region is also predicted to show a potential growth during
the assessment period, owing to the growing investment of major market players
in this region.
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