Image Sensor Market Size, Share, Development Status, Emerging Technologies, Sales Revenue, Regional Trends, Opportunities, Company Profile and Potential of Industry 2023
Market Highlights
The regional wise segmentation of image sensor market consists of North America, Europe, Asia-Pacific and Rest of the World. North America is one of the most competitive markets across the globe with various regional players and a few large international players in image sensor market. Europe region is growing with a slow pace in image sensor market. Emerging economies from countries such as Germany, UK, France, Russia, Italy, Benelux and Spain is driving image sensor market. Moreover, Asia-Pacific is also expected to have potential growth in the forecast period due to increasing investment of major players in image sensor market.
The Image Sensor Market is expected to grow at approximately USD 19,615 Million by 2023, at 14% of CAGR between 2017 and 2023.
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Key Players
The prominent players in the image sensor market are- Sony Corporation (Japan), Samsung Semiconductor Inc. (South Korea), OmniVision Technologies Inc. (U.S.), ON Semiconductor (U.S.), PixArt Imaging Inc. (Taiwan), GalaxyCore Inc. (China), SK Hynix Inc. (Korea), and Teledyne Technologies (U.S.) among others.
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Global Image Sensor Market Segmentation
The global market for image sensor has been segmented on the basis of optical format, technology, application, spectrum, and region.
- By mode of technology, the global market for image sensors has been segmented into sCMOS, CMOS, CCD, and others. Among these, CMOS sensor is predicted to hold a major share in the market compared to other segments. It is an imaging sensor used in most of the cameras and other image capturing devices and is comparatively cheaper that the other segments. With the growing need for high-definition image capturing devices, the CMOS technology is predicted to witness a high adoption rate during the assessment period.
- By mode of optical format, the global market for image sensors have been segmented into 1/5.9 to 1/4 inch image sensor, 1/10 to 1/6 inch image sensor, 1/1.9 TO 1 inch image sensor, 1/3.9 to 1/2 inch image sensor, and above 1 inch image sensor.
- By mode of linearity, the global market for image sensors has been segmented into non-linear and linear.
- By mode of spectrum, the global market for image sensors has been segmented into invisible spectrum and visible spectrum. Among these, the segment for visible spectrum possesses high resolution and capture full color images with less power consumption. It also allows capturing images both in night and day light conditions.
- By mode of application, the global market for image spectrum has been segmented into surveillance, consumer electronics, medical, automobile, and others. Among these, the segment for automobile has been witnessed to showcase the fastest growth rate among the other segments. Owing to the growing purchasing power of the population, there is a demand for passenger cars. Moreover, driver assistance applications and safety-related imaging technologies are becoming mainstream. Such factors are expected to hit the market during the assessment period.
Regional Analysis
Geographically, the market for image sensors has been spanned across Europe, North America, Asia Pacific, and Rest-of-the-World. North America has been expected to hold the maximum share among other regions and is predicted to be one of the largest markets for image processing technology. Owing to the rapid industrialization and growing research and development activities, the market in this region is likely to propel over the forecast period. Also, automotive contributes to a large amount in the North American market. Due to increasing number of accidents in this region, safety related mandates are also increasing which is further fuelling the growth of the market over the forecast period.
Meanwhile, the European region is growing at a slow pace compared to other regions. Emerging economies from UK, Germany, France, Benelux, Russia, Italy, and Spain is likely to drive the image sensor market in this region.
Asia Pacific region is also predicted to show a potential growth during the assessment period, owing to the growing investment of major market players in this region.
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Intended Audience
- Investors and consultants
- System Integrators
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Original Equipment Manufacturers
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