Image Sensor Market Key Insights Based on Product Type, End-Use and Regional Demand Till 2020-2027

 

The GMI Research forecasts that the image sensor market is witnessing an upsurge in demand during the forecast period starting from 2020 till 2027. This is mainly due to the rising integration of high-resolution cameras fitted with image sensors in mobile devices, followed by increasing sales of tablets and smartphones.

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Top Manufacturers in the Image Sensor Market:

·        Sony Corporation

·        Samsung Electronics Co., Ltd.

·        OmniVision Technologies, Inc.

·        STMicroelectronics N.V.

·        Semiconductor Components Industries, LLC

·        Panasonic Corporation

·        Canon Inc.

·        SK hynix Inc.

·        PixArt Imaging Inc.

·        Hamamatsu Photonics K.K.

Image Sensor Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Some of the major factors contributing to the growth of the image sensor market size include the rising integration of high-resolution cameras fitted with image sensors in mobile devices, followed by increasing sales of tablets and smartphones. According to image sensor market report, growing penetration of image sensors in automobiles, use of advanced driver assistant systems (ADAS) technology in the automotive industry, the introduction of machine vision in robotics fields and industrial automation, are the key drivers propelling the growth of the image sensor market share in terms of revenue. The strong demand for image sensors to enhance medical imaging solutions is opening new doors for the market growth. In addition to this, increasing adoption of cameras in various fields, such as augmented reality (AR), artificial intelligence (AI), virtual reality (VR), and driverless autonomous cars, is expected to bring several growth opportunities for the market. On the other hand, the major factors hindering the market growth include the growing availability of LiDAR solutions for autonomous vehicles and the high manufacturing costs of large chip image sensors.

Regional Drivers

Based on the region, the Asia-Pacific region is expected to dominate the market during the forecast period owing to the increasing economies, such as India, China, South Korea, and Japan, in the region, along with the strong demand for handheld imaging devices, including digital cameras, tablets, and smartphones. On the other hand, North America is anticipated to grow at a higher CAGR during the forecast period. This is attributed to the rising investment in healthcare and consumer electronic sectors in the region that will energize the growth of the market. Furthermore, improved living standards, rapid economic development, and the strong demand for autonomous vehicles are some of the other factors responsible for the market growth in the region.

Image Sensor Market Segmentation:

Segmentation by Technology:

·        CMOS Image Sensors

·        CCD Image Sensors

·        Others

Segmentation by Processing Technique:

·        2D Image Sensors

·        3D Image Sensors

Segmentation by Spectrum:

·        Visible Spectrum

·        Non-Visible Spectrum

Segmentation by Array Type:

·        Linear Image Sensor

·        Area Image Sensor

Segmentation by Resolution:

·        VGA

·        3 MP to 3MP

·        5 MP to 10 MP

·        12 MP TO 16 MP

·        More Than 16 MP

Segmentation by End-User:

·        VGA

·        3 MP to 3MP

·        5 MP to 10 MP

·        12 MP TO 16 MP

·        More Than 16 MP

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research's extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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