PUBLISHER: Orion Market Research | PRODUCT CODE: 1077997
PUBLISHER: Orion Market Research | PRODUCT CODE: 1077997
Global Image Sensors Market Size, Share & Trends Analysis Report by Technology (Complementary Metal-Oxide-Semiconductor (CMOS), and Charge-Coupled Device (CCD)), by End-User Industry (Automotive, Consumer Electronics, Industrial, Security and Surveillance, Healthcare, and Others), byProcessing Type (2D Sensors and 3D Sensors)Forecast (2022-2028)
The globalimage sensoris anticipated to grow at a substantial CAGRof 8.8% during the forecast period. The growth of theimage sensors marketduring the forecast period can be attributed tothe increasing use of image sensors in the healthcare and automotive industriesincreasing demand across the globe. Image sensors in healthcare assist in endoscopy, dentistry, oncology, X-rays, and microscopy. For instance, in February 2022, MetalenzPolarEyes technology enables advanced polarization sensing in a small form factor which can be integrated into mobile phones, to offer new sensing features for managing healthcare on smartphones. However, increasing the application of image sensors in gesture recognition devices, self-driving cars and in body-worn camera applications will give thrust to the image sensor market during the forecast period.
The global image sensors market is segmented based on technology, end-user industry and processing type. Based on the technology, the market is sub-segmented intoComplementary Metal-Oxide-Semiconductor (CMOS), and Charge-Coupled Device (CCD). Based on the end-user industry, the market is sub-segmentedintoautomotive, consumer electronics, industrial, security and surveillance, healthcare, and others (aerospace & defense). Based on the processing type, the market is sub-segmented into 2D and 3D. Among these, the automotive segment is anticipated to grow during the forecast period due to the growing demand for automobiles across the globe.
Geographically, the global image sensors market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.Asia-Pacificholds a prominent share in the market due to therising population and rising demand for smartphones in emerging countries such as India, China, and South Korea, among others in the region. In addition, in these regions, there is high adoption of consumer electronics products that raise the demand for image sensors. Moreover, the growing trend of the dual, triple, quad, and Penta camera smartphones, increases the demand for image sensors. Additionally, the automobile industry contributesto the growth of the market withthe growing application of image sensing equipment in driverless cars. China is a significant contributor to the growth of the market in the region due to increasing technological development and the presence of consumer electronics manufacturers in the countryFurthermore, North America is anticipated to hold the market share following Asia-Pacific due to the increasing demand for smartphonesin the region.
The major companies serving the global image sensors market include Canon Inc., Omnivision Technologies, Inc., Panasonic Corp., Samsung Electronics Co., Ltd., Sony Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships, geographical expansionand collaborations to stay competitive in the market. For instance, in May 2020, Sony Semiconductor Solutions Corporation, a subsidiary of Sony Corporation, partnered with Microsoft Corporation, a US-based technology company. Under this partnership, both the companies are combining their efforts to create smart camera solutions for their mutual enterprise customers.
Research Methodology
The market study of the globalimage sensorsmarketis incorporated by extensive primary and secondary research conducted by the research team at OMR.Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Semiconductor Materials and Components
2021-2028 ($ MILLION)