Wilmington, Delaware, United States, April 06, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global image sensor market is projected to expand at a CAGR of 6.8% during the forecast period from 2023 to 2031 and reach a value of US$ 41.0 Bn by the end of 2031.
Focus on development of stacked image sensors and illuminated CMOS image sensors in order to increase the attractiveness of digital cameras is propelling the image sensor market.
Manufacturers are engaging in the integration of sensor noise reduction technology and back illuminated structures to improve the signal-to-noise (S/N) ratio with the objective of improving the realism in images captured by users. Moreover, integration of low power consumption technology and stacked structures to attain increased resolution and enable high speed performance is triggering market expansion.
Get the Recently Updated Report on the Image Sensor Market as a Sample Copy at - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=233
Function-wise, an image sensor is used to detect and relay information in order to create an image. These sensors are used in both digital and analog electronic imaging devices, such as camera modules, digital cameras, and night vision tools.
CMOS image sensors have been witnessing substantial demand owing to promising performance compared to CCD sensors. These sensors provide higher resolution and image quality as desired for various applications.
Key Findings of the Study
Rise in Demand for ADAS Systems Drives Demand in Automotive Sector – Importance of image sensors in modern vehicles, wherein these components enable autonomous driving and advanced driver assistance systems (ADAS) help transform driving to make it safer, easier, and more comfortable, is boosting the global market.
Image sensors are widely used in the front and rear facing cameras of ADAS. Front facing cameras are critical in low visibility conditions, such as fog or heavy rain, to improve the driver’s visibility; rear cameras provide a view of the area behind the car to assist with navigation or parking in limited spaces. Usage in such critical applications is fueling the adoption of automotive image sensors.
Development of image sensor technology has enabled improved performance of ADAS and autonomous vehicle systems, which helps make driving more reliable and accurate. According to estimates by the National Association of Insurance Commissioners, nearly 3.5 million self-driving vehicles are expected on the U.S. roads by 2025, and nearly 4.5 million by 2030. This is expected to create significant opportunities in the market in the next few years.
Demand for image sensors in automotive applications is anticipated to be high in the future, and advancements in image sensors are likely to assist in providing more accurate and reliable data to accelerate the development of safer and more efficient ADAS. This is anticipated to bolster global image sensor industry growth in the next few years.
Get Customization on this Report for Specific Research Solutions: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=233
Increase in Usage of Image Sensors in Consumer Electronics – Sensors are integral components of consumer electronics. With consistent advancements in technology, image sensors have become more compact, cheaper, and efficient than their predecessors. These advancements in sensors are driving usage in portable devices, gaming, navigation, and home appliances.
Camcorders, smartphones, security cameras, and digital cameras are some electronic devices that display a sizable demand for image sensors.
Rise in popularity of posting images on social networking sites via mobile phones is creating significant market demand. Such practices are increasing the need for image sensors and providing opportunities for manufacturers to introduce imaging products.
For instance, in October 2022, OMNIVION launched a 5-megapixel image sensor for high-end security and professional cameras. These sensors feature near-infrared technology to capture good quality images in low-light conditions. Therefore, these image sensors are used in professional security cameras, such as those for industrial and factory applications, to capture night images in low power mode.
High Demand for CMOS Sensors – Based on technology, the CMOS sensor segment accounted for 55.65% share of the market in 2022. The segment is likely to expand at a CAGR of 7.2% during the forecast period. This is ascribed to low power consumption and low manufacturing cost of CMOS sensors in comparison to CCDs.
Advances in CMOS sensors have led to improvements in the performance of image sensors, which are anticipated to fuel market expansion during the forecast period.
Growth Drivers
- Surge in adoption of modern vehicles for safer, easier, and comfortable driving experiences
- Functionality of image sensors to support posting images on social sites via mobile phones
Regional Landscape
Asia Pacific dominated the image sensor market, accounting for 33.65% share in 2022. The trend is anticipated to continue during the forecast period owing to rise in adoption of image sensors in automotive and medical imaging applications. Furthermore, rapid development of the automotive and manufacturing industries as well as surge in demand in other regions, such as Europe and North America, contribute to the growth of the image sensor industry in Asia Pacific.
Competitive Analysis
Competition landscape in the image sensor market is highly fragmented, with the presence of large number of players. Majority of players are spending significantly to develop image sensors with advanced features.
Prominent players in the global image sensor market include GalaxyCore Shanghai Limited Corporation, OmniVision Technologies Inc., Samsung Electronics Co. Ltd., and Sony Corporation.
Key Points from TOC:
1. Preface
1.1. Market Introduction
1.2. Market and Segments Definition
1.3. Market Taxonomy
1.4. Research Methodology
1.5. Assumption and Acronyms
2. Executive Summary
2.1. Global Image Sensor Market Overview
2.2. Regional Outline
2.3. Industry Outline
2.4. Market Dynamics Snapshot
2.5. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Drivers
3.3. Restraints
3.4. Opportunities
3.5. Key Trends
3.6. Regulatory Framework
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview – Global Optoelectronics Industry Overview
4.2. Pricing Analysis
4.3. Supply Chain Analysis
4.4. Technology Roadmap Analysis
4.5. Industry SWOT Analysis
4.6. Porter Five Forces Analysis
4.7. COVID-19 Impact and Recovery Analysis
5. Global Image Sensor Market Analysis, by Technology
5.1. Image Sensor Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Technology, 2017–2031
5.1.1. CMOS Sensor
5.1.2. CCD Sensor
5.2. Market Attractiveness Analysis, by Technology
TOC Continued……
Buy this Premium Research Report | Immediate Delivery Available - https://www.transparencymarketresearch.com/checkout.php?rep_id=233<ype=S
The image sensor market is segmented as follows:
Image Sensor Market, by Technology
- CMOS Sensor
- CCD Sensor
Image Sensor Market, by Image Sensor Type
- Monochrome
- Color
Image Sensor Market, by Processing Technology
- 2D Image Sensors
- 3D Image Sensors
Image Sensor Market, by Spectrum
- Visible spectrum
- Non-visible spectrum
Image Sensor Market, by Array Type
- Linear Array
- Area Array
Image Sensor Market, by Resolution
- >2 MP
- 2 MP – 5 MP
- 6 MP – 10 MP
- 12 MP – 16 MP
- 17 MP – 20 MP
- Above 20 MP
Image Sensor Market, by Application
- Aerospace & Defense
- Automotive
- Consumer Electronics
- Life Science and Healthcare
- Security and Surveillance
- Others (Industrial, Research and Development, etc.)
Image Sensor Market, by Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
