According to the latest report by IMARC Group, titled “Image Sensors Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027”, the global image sensors market reached a value of US$ 22.04 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 38.07 Billion by 2027, exhibiting a CAGR of 9.30% during 2022-2027.
An image sensor is an electronic device that converts optical images into an electronic signal that can be analyzed, viewed, and stored in machine vision cameras, analog, and digital imaging devices. It is employed in medical camera equipment, night vision tools, and thermal imaging devices to detect and transfer information. It is widely available in various structures, chroma, resolution, numerous packages, formats, frame rates, and pixel sizes. Owing to these properties, image sensors find extensive applications across medical, consumer electronics, security, and surveillance industries.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Image Sensors Market Trends and Drivers:
The market is primarily driven by the increasing utilization of digital technology and smartphones for on-demand photography. In addition, the emerging trend of connected vehicles due to the growing number of road accidents represents another major growth-inducing factor.
Besides this, the market is further propelled by the escalating demand for image sensor solutions for security and surveillance applications due to increasing safety concerns across the globe. These sensors are employed in closed-circuit television (CCTV) security cameras for video surveillance in residential, commercial, and industrial spaces.
Besides this, the rising product adoption in the healthcare industry to get real-time insights into medical supplies, staff, and assets and the escalating need for improved medical imaging solutions due to the growing prevalence of chronic diseases are some of the other factors augmenting the market growth.
|Image Sensors Market Report Scope|
|Market size value in 2021||US$ 22.04 Billion|
|Market forecast in 2027||US$ 38.07 Billion|
|Growth Rate||CAGR of 9.30% from 2022 to 2027|
|Base year for estimation||2021|
Global Image Sensors Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ams-OSRAM AG, Canon Inc., Hamamatsu Photonics K.K., OmniVision Technologies Inc., onsemi, Panasonic Holdings Corporation, PixArt Imaging Inc., Samsung Electronics Co. Ltd., Sharp Corporation, SK hynix Inc., Sony Corporation, STMicroelectronics, Teledyne Technologies Incorporated and Toshiba Corporation.
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The report has segmented the market on the basis of region, technology, processing type, spectrum, array type and end use industry.
Breakup by Technology:
- Complementary Metal-Oxide-Semiconductor (CMOS)
- Charge-Coupled Device (CCD)
Breakup by Processing Type:
- 2D Image Sensors
- 3D Image Sensors
Breakup by Spectrum:
- Visible Spectrum
- Non-visible Spectrum
Breakup by Array Type:
- Linear Image Sensors
- Area Image Sensors
Breakup by End Use Industry:
- Consumer Electronics
- Security and Surveillance
- Automotive and Transportation
- Aerospace and Defense
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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