Worldwide Image sensor market request is expected to be esteemed at US$21725.8 Million of every 2022, conjecture to develop at a CAGR of 6.7% to be esteemed at US$41672.3 Million from 2022 to 2032.
Development is credited to the rising utilization of camera prepared gadgets. From 2016-2021 a CAGR of 5.9% was enlisted for the picture sensor market.
Image Sensors market is one of the prominently increasing market. The market for Image Sensors is increasing due to increasing improved quality of image processing, optics, and interfaces. With the quality of the image sensors increasing, camera manufacturers can spend less time and energy on sensor related correction.
This allows for further decrease of size and costs for mainstream cameras. These image sensors are also increasingly adopted due to availability of low cost CMOS image sensors used for implementing in mobile devices.
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Image Sensors technology is a generally of two type, CCD image sensor and CMOS image sensor out of which CMOS Image Sensors are being adopted at a higher pace as these CMOS image sensors are performing better than CCD image sensors. CMOS image sensors have enabled high integration on the chips leading to modern high performance, miniaturized integrated circuits.
Image Sensors Market: Drivers and Challenges
The major factor driving the adoption of Image Sensors is the increasing usage of mobile devices with dual camera feature that has increased the demand for image sensors. In last 5-6 years, the adoption of smartphones and demand for high quality camera has been increased which is helping Image Sensors market to grow. Another factor helping Image Sensors market to grow is the increasing demand for selfie phones which has also increased the demand for image sensors to better front camera.
The key challenge for Image Sensors market is the high cost of manufacturing these image sensors. The growing demand of smart phones along with front camera features and high mega pixel camera, manufacturers have to invest more in Image Sensors and in making high quality image sensors.
Competition Landscape
Key Contracts:
In January 2017, Panasonic Corporation, a technology provider and Image Sensor company is in terms with Tesla, a self-driving technology provider for working on development of self-driving systems which will include image sensors and others.
In July 2017, Vayyar, a technology provider has launched 3D sensors that will help in providing self-driving car interior awareness including information about passengers. These embedded sensors are also small and low-cost compared to other sending solutions, and can provide real-time info about what’s going on in a car, including monitoring passenger vital signs, and even keeping track of whether a driver is nodding off behind the wheel
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Key Players
In Image Sensors market there are many solution providers some of them are Toshiba Corporation, Sharp Corporation, Sony Corporation, Panasonic Corporation, Samsung Electronics and others.
Key Segments Profiled in the Image Sensor Industry Survey
Image Sensors Market by Types:
- CMOS image sensor
- CCD image sensor
Image Sensor Market by Application:
- Image Sensor for Smartphones
- Image Sensor for Cameras
- Image Sensor for Wearable electronics
- Image Sensor for Surveillance
- Image Sensor for Others
Image Sensor Market by Region:
- North America Image Sensor Market
- Latin America Image Sensor Market
- Western Europe Image Sensor Market
- Eastern Europe Image Sensor Market
- Middle East and Africa Image Sensor Market
- Asia Pacific excluding Japan(APEJ) Image Sensor Market
- Japan Image Sensor Market
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
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