The global image sensor market is expected to grow from USD 21.94 million in 2018 to USD 34.64 million by 2025, at a CAGR of 7.02%, during the forecast period.
Image sensor is a photosensitive electronic device that converts light signals into digital signals. Charged coupled device (CCD) sensors and complementary metal oxide semiconductor (CMOS) sensors are the two most widely used image sensors. These sensors provide the consumers with higher image quality, superior frame rate, dynamic range along with reduced noise, lower dark current, and low power dissipation. Image sensors are majorly used in digital cameras and imaging devices to detect the attributes of an image and provides relevant information regarding the image. The other applications of image sensors include machine vision, sensing, UV spectroscopy, Optical coherence tomography, and sorting inspection among others.
Increasing penetration of image sensors in automobiles, the trend of miniaturization, and dual camera in Smartphones and Tablets and demand for improved medical imaging solutions are expected to drive the Image Sensor Market during the forecast period. However, high prices of the manufacturing process are expected to restrain the image sensor market during the forecast period.
The emerging trend in the image sensor market is its application in numerous industries. Sony Corporation has come up as a separate company for a lucrative image sensor division. The image sensor is one of the company’s most profitable business and critical focus area. The semiconductor business is highly profitable owing to multipurpose utilization of image sensor in smartphone and DSLRs cameras from manufacturers like Nikon, and Sony’s popular cameras are fueling semiconductor business. Samsung develops its new advanced pixel technology in CMOS image sensor known as ISOCELL. The company has converted one of its water fabrications lines in CMOS image sensors to meet the growing demand for image sensor in mobile imaging, high-end photography, and security and surveillance application.
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The players of the market primarily focus on growth strategies such as partnerships, mergers, acquisitions, and new product development to enhance their product offerings and expand their market reach. Sony Corporation, Samsung Electronics Corporation Ltd, Panasonic Corporation, and Canon Inc., are some of the major players in the Image Sensor Market.
Market Research Analysis:
The global market for image sensor is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of Image Sensor the market is done for North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to dominate the NEMS market during the forecast period due to the presence of global players in the region. Japan-based car manufacturers such as Toyota Motor Corporation and Nissan Motor Company Ltd are implementing advanced driver assistance systems (ADAS), which offer parking assistance, collision avoidance systems, automatic headlight dimming, and lane departure warning. ADAS uses image sensors to capture all outside world images to assist the drivers, minimizing the chances of accidents while driving.
The prominent players in the image sensor market are Sony Corporation (Japan), Samsung Semiconductor Inc. (South Korea), OmniVision Technologies Inc. (US), ON Semiconductor (US), PixArt Imaging Inc. (Taiwan), GalaxyCore Inc. (China), SK Hynix Inc. (South Korea), and Teledyne Technologies (US).
By technology, the market has been segmented into CMOS, CCD, sCMOS, and others. CMOS is further segmented into front side illumination (FSI), back-side illumination, and others.
By optical format, the market has been segregated into linear, and non-linear. Linear has been further segmented into 2D processing and 3D processing.
By spectrum, the market has been bifurcated into the visible spectrum and invisible spectrum.
By application, the market has been divided into consumer electronics, automobile, surveillance, medical, and others. Surveillance has been further segmented into commercial security, night surveillance, border security, drones, and home security. Medical has been sub-segmented into endoscopy, surgery, dental, dermatology, and ophthalmology. The others section has been further divided into virtual reality in gaming devices, aerospace, barcode scanning, copier scanning, image scanning, banknote recognition system, biometrics, machine vision, and ITS.
By region, the market has been classified as North America, Europe, Asia-Pacific, and the rest of the world.
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Table Of Contents
List Of Tables
Table 1 Global Image Sensor Market, By Technology, 2016-2023 (Usd Million)
Table 2 Global Image Sensor Market Of Cmos Segment By Region, 2016-2023 (Usd Million)
Table 3 Global Image Sensor Market Of Sub-Segment By Type, 2017-2023 (Usd Million)
Table 4 Global Image Sensor Market Of Front Side Illumination Segment, By Region,2016-2023 (Usd Million)
Table 5 Global Image Sensor Market Of Back Side Illumination, By Region 2016-2023 (Usd Million)
Table 6 Global Image Sensor Market Of Others Segment, By Region 2016-2023 (Usd Million)
Table 7 Global Image Sensor Market Of Ccd Segment, By Region 2016-2023 (Usd Million)
Table 8 Global Image Sensor Market Of Scmos Segment By Region, 2016-2023 (Usd Million)
Table 9 Global Image Sensor Market Of Others Segment By Region, 2016-2023 (Usd Million)
Table 10 Global Image Sensor Market, By Optical Format Segment, 2016-2023 (Usd Million)
Table 11 Global Image Sensor Market Of 1/10 To 1/6 Inch Image Sensor Segment By Region, 2016-2023 (Usd Million)
Table 12 Global Image Sensor Market Of 1/5.9 To 1/4 Inch Image Sensor Segment By Region, 2016-2023 (Usd Million)
Table 13 Global Image Sensor Market Of 1/1.9 To 1 Inch Image Sensor Segment By Region, 2016-2023 (Usd Million)
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