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Image sensors are bridging the gap between physical and digital worlds with the advent of industry 4.0 and smart technologies. As the entire world is headed towards smart homes and cities, image sensors are cashing in the boom of rapid automation and marching further with technological advancements, research activities and investments from the market players. The interest to uplift the research activities which catapult effective technologies for capturing, processing, and displaying of 3D images is gaining broad interest among multiple industries.

Transportation, in particular, is undergoing seismic change with the introduction of autonomous driving. ADAS (Advanced driver-assistance systems) along with the applications of drones in road safety are few of them proliferating the growth of the 3D image sensor market. Subsequently, numerous promising applications in transportation and road safety are boosting the 3D image sensors market growth.

The global 3D image sensor market size reached a value of $2.12 billion in 2018. Furthermore, the total revenue is incrementing with a CAGR of 8.3% over the forecast period 2019-2025.

Increasing Demand for Data and High-Quality Images Boosting the 3D Image Sensors Market Activities in ADAS

The advent of camera monitoring systems (CMS) raised the bar to a greater extent in the autonomous and human-driven vehicles. There is a significant demand for high-quality images in order to decipher road signs and differentiate among the surroundings. The 2D and 3D image sensors located in the CMS reduce unwanted reflections and blind spots, thereby replacing the rear- and side-view mirrors. This further boosts the fuel-efficiency of the vehicle.

Smart Cities and Industry Giants Leading Innovations in North America 3D Image Sensor Market Growth

North America held a dominant part in the 3D image sensors market size with a massive share of 35.7% as of 2018. The dominance of this region is attributed to the rising number of IoT devices and smart cities in North American countries such as the U.S. Industry giants such as Intel Corporation, Micron technologies, and Omnivision technologies headquartered in the U.S are leading the innovations in the 3D image sensors market with a broad spectrum of applications in the defense, automotive, and medical sectors. In addition, smartphones, an end-user of the 3D image sensors market is anticipated to experience a sharp penetration of 90% by 2025 in North America. These endeavors together are boosting North American 3D image sensors market share.

Innovations in Interactive Interfaces Are Surging the Demand for the 3D Image Sensors Market in Consumer Electronics and Entertainment Segments

Together, consumer electronics and entertainment are the most prominent end-users of the 3D image sensors market and the growth of this segment is rising impressively, exhibiting a CAGR of 9.34% over the aforementioned period. Image sensors are ubiquitous in the areas of human-machine interaction and interactive entertainment platforms. With the rising digital era, touch and multi-touch displays are gaining prominence in the entertainment and commercial spaces. Image sensors are the ultimate solution for rising digital applications such as digital signage, self-service kiosks, mobile and gaming consoles.

Key Players in the 3D Image Sensor Market

Companies such as OmniVision Technologies Inc., Aptina Imaging Corp., Samsung Semiconductor, Micron Technologies, Sony Semiconductor Corp., Hamamatsu Avago Technologies, and Magna Chips occupy a significant part of the 3D image sensor market share.

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare

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