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.
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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.
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.
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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