IMARC Group, a leading market research company, has recently releases report titled “Image Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global image sensors market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Image Sensors Market?
The global image sensors market size reached US$ 24.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.4 Billion by 2028, exhibiting a growth rate (CAGR) of 9.15% during 2023-2028.
What is Image Sensors?
An image sensor is a device that transmits light into electrical signals, allowing the creation of images that can be viewed, analyzed, and stored in machine vision cameras and analog and digital imaging devices. There are two main types of digital image sensors, including charge-coupled devices (CCD) and complementary metal oxide semiconductors (CMOS sensors). They are used in night vision tools, medical cameras, and thermal imaging devices for detecting and transforming information. In addition, these sensors are available in various structures, formats, chroma, frame rates, resolutions, packages, and pixel sizes. As a result, image sensors are widely adopted in the security, consumer electronics, medical, automotive, and surveillance industries.
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What are the growth prospects and trends in the image sensors industry?
The market is primarily driven by the rising use of imaging sensors in the automotive industry to integrate vehicles with imaging solutions owing to the increasing number of road accidents. These sensors are incorporated with camera-enabled systems for autonomous driving, driver monitoring, video mirror, rear-view, automatic emergency braking, 360-degree surround view, and comfortable and safe riding experiences.
In addition, the escalating demand for image sensor solutions for security and surveillance due to the growing safety concerns among individuals represents another major growth-inducing factor. These sensors are employed in closed-circuit television (CCTV) security cameras for video surveillance in industrial, residential, and commercial spaces. Moreover, the increasing adoption of digital technology and smartphones for on-demand photography is also contributing to the market growth.
Furthermore, the increasing product adoption in the healthcare industry to get real-time insights into medical supplies, staff, and assets and the surging need to improve medical imaging solutions due to the rising prevalence of chronic diseases are also creating a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
· Complementary Metal-Oxide-Semiconductor (CMOS)
· Charge-Coupled Device (CCD)
· Others
Breakup by Processing Type:
· 2D Image Sensors
· 3D Image Sensors
Breakup by Spectrum:
· Visible Spectrum
· Non-visible Spectrum
Breakup by Array Type:
· Linear Image Sensors
· Area Image Sensors
Breakup by End Use Industry:
· Consumer Electronics
· Healthcare
· Security and Surveillance
· Automotive and Transportation
· Aerospace and Defense
Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ams-OSRAM AG, Canon Inc., Hamamatsu Photonics K.K., OmniVision Technologies Inc., onsemi, Panasonic Holdings Corporation, PixArt Imaging Inc., Samsung Electronics Co. Ltd., Sharp Corporation, SK hynix Inc., Sony Corporation, STMicroelectronics, Teledyne Technologies Incorporated and Toshiba Corporation.
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