Market Analysis
The global Image Sensor Market is predicted to touch USD 34.64
million at a 7.02% CAGR between 2018- 2025 states the recent Market Research
Future (MRFR) analysis. Image sensor, simply put, is a photosensitive
electronic device that converts light signals into digital signals. It has wide
applications in medical, surveillance, automobile, consumer electronics, and
others.
Various factors are propelling the global image sensors
industry share. As per the current MRFR report, such factors include demand for
lower power consumption, camera-enabled phone, increasing use on biometric
applications, CMOS image sensor’s compactness, growing use in industry quality
control for improving product yield and spotting detective units in product
lines, and innovations in technology. Additional factors adding market growth
include new product launches, product development and upgrades, and increasing
use in optical mice, virtual keyboards, video-conferencing applications,
camcorders, and biometrics.
On the flip side, the huge power consumption of such sensors,
the falling market of digital still cameras, and disruptions in the supply
chain due to the ongoing COVID-19 outbreak are factors that may limit the
global image sensor market growth over the forecast period.
Key Players
Leading players profiled in the global Image
Sensor Market report include Teledyne Technologies (US), SK Hynix Inc.
(South Korea), GalaxyCore Inc. (China), PixArt Imaging Inc. (Taiwan), ON
Semiconductor (US), OmniVision Technologies Inc. (US), Samsung Semiconductor
Inc. (South Korea), and Sony Corporation (Japan) among others.
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Market Segmentation
The MRFR report provides an inclusive segmental analysis of
the global image sensor market report based on technology, optical format,
spectrum, and application.
By technology, the global image sensor market is segmented
into sCMOS, CCD, CMOS, and others. The CMOS segment is again segmented into
back-side illumination, front side illumination (FSI), and others. Of these,
the CMOS technology will lead the market over the forecast period.
By optical format, the global image sensor market is segmented
into non-linear and linear. The linear segment is again segmented into 3D and
2D processing. Of these, the 3D processing segment will dominate the market
over the forecast period.
By spectrum, the global image sensor market is segmented into
invisible spectrum and visible spectrum. Of these, the visible segment will
have a major share in the market over the forecast period.
By application, the global image sensor market is segmented
into medical, surveillance, automobile, consumer electronics, and others. The
surveillance segment is again segmented into home security, drones, border
security, night surveillance, and commercial security. The medical segment is
segmented into ophthalmology, dermatology, dental, surgery, and endoscopy. The
others segment is again segmented into ITS, machine vision, biometrics,
banknote recognition system, image scanning, copier scanning, barcode scanning,
aerospace, and virtual reality in gaming devices. Of these, consumer
electronics will spearhead the market over the forecast period.
Regional Analysis
Based on the region, the global image sensor market report
covers the growth opportunities and recent trends across the Asia Pacific
(APAC), North America, Europe, & the Rest of the World (RoW). Of these,
North America will dominate the market over the forecast period. Growing
research & development activities, rapid industrialization, increasing use
in the automotive industry for safety-related mandates owing to increasing
accidents are adding to the global image sensor market growth in the
region.
The global image sensor market in Europe is predicted to hold
the second-largest share over the forecast period. The presence of emerging
economies such as Spain, Italy, Russia, Benelux, France, Germany, and the UK is
adding to the global image sensor market growth in the region.
The global image sensor market in the APAC region is predicted
to grow at a fast pace over the forecast period. Increasing investment of top
industry players is adding to the global image sensor market growth in the
region.
The global image sensor market in the RoW is predicted to have
sound growth over the forecast period.
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