A sensor that transmits data used to form an image is referred to as an image sensor or imager. They are either semiconductor charge-coupled devices or active pixel sensors in interdependent metal-oxide semiconductors. Samsung and Sony are the two leading companies in the image sensor industry. The newly established Korean company, SK Hynix, competes with Sony and Samsung in the market for image sensors. The majority of the market size is accounted for by image sensors used in electronic imaging devices such digital cameras, medical imaging equipment, camera modules, night vision equipment, and thermal imaging devices.
Image Sensor Market Overview:
The Image Sensor market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Image Sensor Market as well as the factors influencing regional variations in the expansion of the sector.
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Image Sensor Market Scope:
After market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.
Image Sensor Market was worth US$ 8.6 Bn. in 2020 and total revenue is expected to grow at a rate of 4.5 % CAGR from 2021 to 2027, reaching almost US$ 11.70 Bn. in 2027.
Image Sensor Market Segmentation:
The market is divided into CMOS image sensors, CCD image sensors, and others based on technology. Electrical image sensors transform photons into an equivalent amount of electronic signal, enabling the creation of a digital image. Image sensors were only employed in camera modules and other imaging equipment until recently. As a result of technological trends like machine vision in robotics, industrial automation, and the use of advanced driver assistance systems (ADAS) technology in the automobile sector, among others, image sensors are currently being employed in a range of industries. The aforementioned factors are anticipated to support the growth of the market for image sensors in the foreseeable future.
The market is divided into four sub-segments based on resolution: VGA, 1.3 MP to 3 MP, 5MP to 10 MP, 12 MP, and More than 16 MP. The market category with resolutions between 12 MP and 16 MP is anticipated to grow at the quickest rate between 2020 and 2025. This market’s growth is largely being driven by the increasing demand for image sensors from end users in the consumer electronics and automotive industries. These CMOS-based image sensors are substantially more compact than typical high-resolution image sensors. Additionally, CMOS-based image sensors offer HDR, a wide field of view, and outstanding image quality, making them perfect for use in smartphones and vehicles.
Image Sensor Market Key Players:
To identify the market’s leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the significant thought leaders and subject matter experts that are included in the primary study’s in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then compared to primary data. The Image Sensor market is dominated by the following businesses:
• Sharp Corporation
• Toshiba Corporation
• Airy3D
• AMS AG
• Fastree3D SA
• Gpixel Inc.
• Himax Technologies, Inc.
• Pixel plus Co., Ltd.
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Regional Analysis:
The regional market research analysis for Image Sensor also covers particular market driving forces and changes in market laws affecting current and future market trends. Current and upcoming trends are studied in order to evaluate the potential market as a whole and find profitable patterns to establish a better foundation. The appraisal of the Image Sensor market is built on the basis of the current environment and anticipated tendencies.
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)
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COVID-19 Impact Analysis on Image Sensor Market:
Due to a halt in operations, end-user industries utilising Image Sensor had a fall in growth from January 2020 to May 2020. China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India were among these countries. As a result, enterprises in these industries had a sharp decline in both their demand for Image Sensor manufacturers and their revenues, which had an impact on the market’s expansion in 2020. Lockdowns and a surge in COVID-19 occurrences globally have severely decreased end-user business demand for Image Sensor
Key Questions Answered in the Image Sensor Market Report are:
- Which market segment accounted for the most percentage of Image Sensor in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Image Sensor market’s expansion?
- Which region dominates the Image Sensor market in terms of market share?
- What is the anticipated market CAGR from 2022 to 2029?
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