Pune, India, 02 Dec. 2021 (GLOBE NEWSWIRE) — The world image sensor market the size is planned to reach $29.99 billion by 2026, with a CAGR of 8.4% by 2026. This is due to the growing popularity of Advanced Driver Assistance Systems (ADAS) technology in automobiles. The market value was 15.93 billion USD in 2018. ADAS systems propelled the concept of automated cars or driverless vehicles. These factors are popularizing the adoption of image sensors, thereby driving the image sensor market.
A report based on the Image Sensor Market is recently published by Fortune Business Insight™ and available for sale on the company’s website. The report titled, “Image Sensor Market Size, Share and Industry Analysis, By Technology (CCD Sensor, CMOS Sensor), By Processing Type (2D, 3D), By Application (Consumer Electronics, Automotive, Healthcare, Surveillance & Security , others) and regional forecasts, 2019-2026” provides an in-depth analysis of the market and its key growth trajectories.
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- A 360 degree overview of the global image sensor market
- Stimulating, Repelling, Stimulating and Opportunity Factors in the Market
- Competitive landscape and market figures
- Key market segmentation with major segments and their market statistics
- List of significant players and major strategies adopted by them to enjoy the leading position in the market
- Main industrial developments and interesting perspectives
- Other image sensor market trends
Growing Popularity of CMOS Image Sensor Technology to Drive Market
Image sensors are electronic devices capable of converting photons into an equivalent amount of electronic signal, thereby creating a digital image. Previously, the use of image sensors was limited to camera modules and other related imaging devices. However, with the advent of technology trends such as machine vision in the fields of robotics, industrial automation, the use of advanced driver assistance systems (ADAS) technology in the automotive industry and many others, image sensors are now implemented in many industries. The aforementioned factors are prophesied to help increase the growth of the image sensor market over the forecast period.
On the other hand, factors such as an increase in smartphone sales, growing adoption of ADAS technology by the automotive sector, and advent of CMOS image sensor technology will also help increase the market size. imaging sensors during the forecast period. “The advent of computer vision in the robotics industry will increase the demand for image sensors in the market,” said a senior analyst at Fortune Business Insights™. Moreover, the growing popularity of aerial photography and the use of drones for this purpose is also expected to help attract high revenue in the imaging sensor market in the coming years.
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Asia-Pacific will continue to dominate due to the presence of several large companies
Asia-Pacific generated a revenue of $7.03 billion in 2018 and led the market owing to the rapid growth of the semiconductor industry, driven by the increasing integration of sensors in the semiconductor industry. picture in related products. In addition, the strong presence of key players such as Sony Corporation and their large customer base have further contributed to the high revenue generation of the image sensor market. Moreover, increasing penetration of digital services, smartphones and smart devices in the region is also expected to help Asia-Pacific dominate the market over the forecast period.
On the other side, Europe has emerged with a large market share of image sensors owing to the increase in sales of high-resolution smartphones and different camera modules. North America is also contributing significant revenue from the image sensor market owing to the advent of various technological developments, coupled with the high adoption of advanced imaging solutions in the region.
Collaborative efforts of key players will increase the popularity of imaging sensors
Major manufacturers in the Imaging Sensors market are adopting merger and acquisition, corporate collaboration and similar strategies. This will help the players to gain a competitive edge in the market on the one hand and increase the overall image sensor market size on the other hand.
Key industry developments in the Image Sensor Market:
February 2019 – Infineon Technologies AG and PMD Technologies have partnered to develop REAL3 image sensor chips for applications relying on precise 3D image data and for smartphones.
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Leading companies profiled in the Image Sensors market manufacturers include:
- Omni Vision Technologies Inc.
- AMS AG.
- Sharp Corporation
- Panasonic Company
- Canon, Inc.
- SK Hynix, Inc.
- Sony Company
- ON Semiconductor Corporation
- PMD Technologies SA
- GalaxyCore, Inc.
- STMicroelectronics SA
- Hamamatsu Photonics KK
- Samsung Electronics Co.Ltd.
- Infineon Technologies SA
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Detailed Table of Contents:
- Definition, by segment
- Research approach
- Market dynamics
- Drivers, constraints and opportunities
- Emerging trends
- key ideas
- Macro and micro economic indicators
- Consolidated SWOT analysis of key players
- Porter’s Five Forces Analysis
- Global Image Sensor Market Analysis, Outlook and Forecast, 2015-2026
- Main results/summary
- Market Size Estimates and Forecasts – By Technology (Value)
- Charge Coupled Device (CCD)
- Complementary Metal Oxide Semiconductor (CMOS)
- Market Size Estimates and Forecasts – By Software Processing Type (Value)
- 2D image sensor
- 3D image sensor
- Market Size Estimates and Forecasts – By Application (Value)
- Consumer electronics
- Health care
- Surveillance & Security
- Market Analysis, Outlook and Forecast – By Region (Value)
- North America
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America (LATAM)
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