Pune,India, Sept. 06, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights Global Image Sensor Market Size was valued at USD 15.93 billion in 2018 and is projected to reach USD 29.99 billion by 2026, exhibiting a CAGR of 8.4% during the forecast period. Ongoing Shift to CMOS technology and improvement in image quality favoring image sensor market development. ADAS systems have propelled the concept of automated cars or driverless vehicles. Such factors are popularizing the adoption of image sensors, thus boosting the market. Fortune Business Insights™ in its report titled Image Sensor Market, Forecast 2023-2026
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Industry Developments
- Infineon Technologies AG and PMD Technologies entered into a partnership for the development of REAL3 image sensor chips for applications relying on accurate 3D image data and for smartphones.
Key Takeaways
- Rising Popularity of ADAS System is Boosting Image Sensor Market Demand from Automotive Sector
- Ongoing Shift to CMOS technology and improvement in image quality favoring image sensor market development
- CMOS Image Sensor Technology to hold a majority of the Image Sensor Market Share
- Rising Popularity of 3D Imaging in Machine Learning likely to Fuel Image Sensor Market
Discover the Leading Players Featured in the Report:
“Companies leading the Image Sensor Market are Omni Vision Technologies Inc., AMS AG., Sharp Corporation, Panasonic Corporation, Canon, Inc., SK Hynix, Inc., Sony Corporation, ON Semiconductor Corporation, PMD Technologies AG, Galaxy Core, Inc., STMicroelectronics N.V., Hamamatsu Photonics K.K, Samsung Electronics Co. Ltd., Infineon Technologies AG, Pixel plus”
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2019 to 2026 |
| Forecast Period 2019 to 2026 CAGR | 8.4% |
| 2026 Value Projection | USD 29.99 Billion |
| Base Year | 2018 |
| Image Sensor Market Size in 2018 | USD 15.93 billion |
| Historical Data for | 2015 to 2017 |
| No. of Pages | 120 |
| Segments covered | Technology, Processing Type, Application, Geographically |
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Driving Factor:
Rising Popularity of CMOS Image Sensor Technology to Add Impetus to Market
Image sensors are electronic devices capable of converting photons into an equivalent amount of electronic signal, thus, creating a digital image. Earlier, the use of image sensors was only confined to camera modules and other related imaging devices. However, with the advent of technological trends such as machine vision in robotics fields, industrial automation, use of advanced driver assistant systems (ADAS) technology in the automotive industry, and many others, image sensors are now being implemented in numerous industries. The aforementioned factors are prophesized to help augment the image sensors market growth in the forecast period.
Segmentations:
By Technology
- Charge-Coupled Device (CCD)
- Complementary Metal Oxide Semiconductor (CMOS)
By Processing Type
- 2D
- 3D
By Application
- Consumer Electronics
- Automotive
- Healthcare
- Surveillance & Security
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Regional Insights:
Asia Pacific to Continue Dominance Due to the Presence of Several Large Scale Companies
Asia Pacific generated a revenue of USD 7.03 billion in 2018 and dominated the market owing to the rapid growth of the semiconductor industry, due to the growing incorporation of image sensors in associated products. Besides this, the strong presence of key players such as Sony Corporation and their wide customer base further added to high image sensors market revenue generation. Moreover, the rise in penetration of digital services, smartphones, and smart devices in the region is likely to help Asia Pacific dominate the market in the forecast period as well.
On the other side, Europe emerged with a prominent image sensor market share owing to the rise in sales of high resolution smartphones and different camera modules. North America is also contributing significant image sensors market revenue on account of the advent of various technological developments, coupled with the high adoption of advanced imaging solutions in the region.
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FAQs:
How big is the Image sensor market?
The global image sensor market size was USD 15.93 billion in 2018
How fast is the Image Sensor Market growing?
The Image Sensor Market will exhibit a CAGR of 8.4% during the forecast period, 2019-2026
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