Image Sensor Market Trends, Industry Opportunities, Growth Driver, Business Revenue and Impact of COVID

Image Sensor Market Overview

The Image Sensor Market is expected to grow at a CAGR of 10% during the forecast period. Rising demand for camera-enabled mobile phones, low power consumption and compactness of CMOS image sensors, and increased use of image sensors in biometric applications are all important growth drivers for the image sensor market. Also, there are other things such as excessive power consumption in CCD image sensors and a declining market for digital still cameras are limiting the growth of the image sensor market.

The growing use of image sensors in automobiles is propelling the image sensor industry forward. Driver monitoring systems, driver recording systems, night vision systems, mirrors, blind-spot detection systems, cabin monitoring systems, surrounding view systems, and parking assistance systems all employ them. One of the major factors driving the image sensor market is the increasing use of ADAS in automobiles. Image sensors are used in these systems to assure driver safety, provide parking assistance, perform collision avoidance, and provide lane-departure warnings.

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Market Segmentation

Based on the Application, the global Image Sensor Market has been segmented into Mobile Phones, Tablets, PC Cameras, Digital Still Cameras (DSC), Automotive, Medical Imaging, and Security & Surveillance.

Based on the Technology, the global Image Sensor Market has been segmented into CCD and CMOS.

Based on the Operating Spectrum, the global Image Sensor Market has been segmented into Visible and Invisible.

Based on the Array Type, the global Image Sensor Market has been segmented into Linear Array type and Area Array Type.

Based on the Region, the global Image Sensor Market has been segmented into Europe, Asia-Pacific, North America, and the Rest of the World.

Regional Classification

The APAC region is expected to dominate the global image sensor market. The expanding population in APAC countries is responsible for the growth of the image sensor market. The region is home to some of the world’s most populous countries, such as China and India. Smartphone and tablet sales are very high in these countries. As a result, the image sensor market in APAC is expanding.

The rising economy and worldwide electronics market share have helped China is exhibiting a substantial growth rate among Asia-Pacific countries. China is considered to be a major producer and consumer of electronic goods. Due to government initiatives, India is also seeing growth in various smart cities. Electronic solutions for surveillance, maintenance, and monitoring are projected to be included in smart cities.

The cameras are employed in non-invasive testing equipment in the healthcare business, as well as for scanning. India’s healthcare business is predicted to grow at a rapid pace. According to IoT news, the Asia-Pacific area is predicted to account for over 25% of worldwide smart home sales by the end of the forecast period. Currently, Japan is the region’s market leader. Smart home usage is projected to fuel demand for CMOS image sensors in the region.

Industry News

The major key players in the Image Sensor Market are Sony Corporation (Japan), Samsung Semiconductor Inc. (South Korea), OmniVision Technologies Inc. (the U.S.), Aptina Imaging Corporation (ON Semiconductor) (the U.S.), Himax Imaging (Taiwan), GalaxyCore Inc. (China), SK Hynix Inc. (Korea), and STMicroelectronics N.V (Switzerland).

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