Yahoo Finance With 8.4% CAGR, Global Image Sensor Market Size Worth USD 29.99 Billion in 2026
According to Fortune Business Insights, the global Image Sensor Market Size is projected to reach USD 29.99 billion in 2026, at CAGR of 8.4% during forecast period; CMOS Image Sensor Technology to hold a majority of the Image Sensor Market Share
Pune, India, Sept. 20, 2022 (GLOBE NEWSWIRE) -- The global image sensor market size is foreseen to reach USD 29.99 billion by 2026, with a CAGR of 8.4% by 2026. This is owing to the rise in the popularity of advanced driver-assistance systems (ADAS) technology in automobiles. The market value was USD 15.93 billion in 2018. ADAS systems have propelled the concept of automated cars or driverless vehicles. Such factors are popularizing the adoption of image sensors, thus boosting the market.
A report based on the image sensor market is recently published by Fortune Business Insights™ and available for sale on the company website. The report titled, “Image Sensor Market Size, Share & Industry Analysis, By Technology (CCD Sensor, CMOS Sensor), By Processing Type (2D, 3D), By Application (Consumer Electronics, Automotive, Healthcare, Surveillance & Security, Others), and Regional Forecast, 2022-2026” provides an in-depth analysis of the market and its major growth trajectories.
Industry Developments
February 2019 – Infineon Technologies AG and PMD Technologies entered into a partnership for the development of REAL3 image sensor chips for applications relying on accurate 3D image data and for smartphones.
Request to Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/image-sensor-market-102149
Report Coverage | Details |
Forecast Period | 2022-2026 |
Forecast Period 2022 to 2026 CAGR | 8.4% |
2026 Value Projection | USD 29.99 billion |
Base Year | 2018 |
Image Sensor Market Size in 2018 | USD 15.93 billion |
Historical Data for | 2015-2017 |
No. of Pages | 120 |
Segments covered | By Technology; Processing Type; Application and Region |
Growth Drivers | Rising Popularity of ADAS System is Boosting Image Sensor Market Demand from Automotive Sector |
Asia Pacific to Continue Dominance Due to the Presence of Several Large Scale Companies |
Driving Factor:
Rising Popularity of CMOS Image Sensor Technology to Add Impetus to Market
Image sensors are electronic devices capable of converting photons into an equivalent amount of electronic signal, thus, creating a digital image. Earlier, the use of image sensors was only confined to camera modules and other related imaging devices. However, with the advent of technological trends such as machine vision in robotics fields, industrial automation, use of advanced driver assistant systems (ADAS) technology in the automotive industry, and many others, image sensors are now being implemented in numerous industries. The aforementioned factors are prophesized to help augment the image sensors market growth in the forecast period.
On the other side, factors such as a rise in sales of smartphones, increasing adoption of ADAS technology from the automotive sector, and the advent of CMOS image sensor technology will also help augment the imaging sensor market size in the forecast period. “The advent of machine vision in the robotics sector will increase the demand for image sensors in the market,” said a lead analyst at Fortune Business Insights™. Additionally, the increasing popularity of aerial photography and the use of drones for that purpose is also expected to help attract high imaging sensors market revenue in the coming years.
Ask For Customization: https://www.fortunebusinessinsights.com/enquiry/customization/image-sensor-market-102149
Regional Insights:
Asia Pacific to Continue Dominance Due to the Presence of Several Large Scale Companies
Asia Pacific generated a revenue of USD 7.03 billion in 2018 and dominated the market owing to the rapid growth of the semiconductor industry, due to the growing incorporation of image sensors in associated products. Besides this, the strong presence of key players such as Sony Corporation and their wide customer base further added to high image sensors market revenue generation. Moreover, the rise in penetration of digital services, smartphones, and smart devices in the region is likely to help Asia Pacific dominate the market in the forecast period as well.
On the other side, Europe emerged with a prominent image sensor market share owing to the rise in sales of high resolution smartphones and different camera modules. North America is also contributing significant image sensors market revenue on account of the advent of various technological developments, coupled with the high adoption of advanced imaging solutions in the region.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Market Segmentation:
| By Technology
|
By Processing Type
| |
By Application
|
Highlights of the Report
A 360-degree overview of the global image sensor market
Factors boosting, repelling, challenging and providing opportunities to the market
Competitive landscape and market figures
Key segmentation of the market with leading segments and their market statistics
List of significant players and prime strategies adopted by them to enjoy the leading position in the market
Key industrial developments and interesting insights
Other image sensor market trends
Collaborative Efforts by Key Players Will Increase Popularity of Imaging Sensors
Major imaging sensors market manufacturers are adopting merger and acquisition, company collaboration, and similar strategies. This will help players gain a competitive edge in the market on the one hand and increase the overall image sensors market size on the other.
Key Companies Profiled In Image Sensor Market Manufacturers include:
Omni Vision Technologies Inc.
AMS AG.
Sharp Corporation
Panasonic Corporation
Canon, Inc.
SK Hynix, Inc.
Sony Corporation
ON Semiconductor Corporation
PMD Technologies AG
Galaxy Core, Inc.
STMicroelectronics N.V.
Hamamatsu Photonics K.K
Samsung Electronics Co. Ltd.
Infineon Technologies AG
Pixel plus
Quick Buy - Image Sensor Market Research Report:
https://www.fortunebusinessinsights.com/checkout-page/102149
Major Points in TOC:
Introduction
Definition, By Segment
Research Approach
Sources
Executive Summary
Market Dynamics
Drivers, Restraints and Opportunities
Emerging Trends
Key Insights
Macro and Micro Economic Indicators
Consolidated SWOT Analysis of Key Players
Porter’s Five Forces Analysis
Global Image Sensor Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Sizing Estimations and Forecasts – By Technology (Value)
Charge Coupled Device (CCD)
Complementary Metal Oxide Semiconductor (CMOS)
Market Size Estimates and Forecasts – By Processing Type (Value)
2D Image Sensor
3D Image Sensor
Market Size Estimates and Forecasts – By Application (Value)
Consumer Electronics
Automotive
Healthcare
Surveillance & Security
Others
Market Analysis, Insights and Forecast – By Region (Value)
North America
Europe
Asia-Pacific (APAC)
Middle East & Africa (MEA)
Latin America (LATAM)
North America Image Sensor Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Sizing Estimations and Forecasts – By Technology (Value)
Charge Coupled Device (CCD)
Complementary Metal Oxide Semiconductor (CMOS)
Market Size Estimates and Forecasts – By Processing Type (Value)
2D Image Sensor
3D Image Sensor
Market Size Estimates and Forecasts – By Application (Value)
Consumer Electronics
Automotive
Healthcare
Surveillance & Security
Others
Market Analysis, Insights and Forecast – By Country (Value)
US
Canada
Europe Image Sensor Market Analysis, Insights and Forecast, 2015-2026
FAQs:
How big is the Image sensor market?
The global image sensor market size was USD 15.93 billion in 2018 and is projected to reach USD 29.99 billion by 2026, exhibiting a CAGR of 8.4% during the forecast period [2022 - 2026].
At what CAGR is the image sensor market expected to grow in the forecast period (2019-2026)?
Growing at a CAGR of 8.4 %, the market will exhibit a healthy growth during the forecast period (2019-2026)
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
