The latest research study “Image Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
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An image sensor is a device that transmits photons into electrical signals presented by a lens for making an image that can be viewed, analyzed, and stored in machine vision cameras, and analog and digital imaging devices. It is used in night vision tools, medical camera equipment, and thermal imaging devices to detect and transmit information. In addition, these sensors are widely available in several structures, resolutions, formats, chroma, frame rates, various packages, and pixel sizes. As a result, image sensors find extensive applications across consumer electronics, security, medical, and surveillance industries.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Image Sensors Market Trends and Drivers:
The market is primarily driven by the increasing usage of imaging sensors in the automotive industry to integrate vehicles with imaging solutions due to the rising number of road accidents. These sensors are incorporated with camera-enabled systems for autonomous driving, automatic emergency braking, 360-degree surround view, driver monitoring, video mirror, rear-view, and comfortable and safe riding experiences.
Moreover, the increasing demand for image sensor solutions for security and surveillance due to increasing safety concerns across the globe represents another major growth-inducing factor. These sensors are used in closed-circuit television (CCTV) security cameras for video surveillance in industrial, residential, and commercial spaces. Along with this, the rising utilization of digital technology and smartphones for on-demand photography is further contributing to the market growth.
Furthermore, the rising product adoption in the healthcare industry to get real-time insights into medical supplies, assets, staff, and the escalating need for improved medical imaging solutions due to the rising prevalence of chronic diseases are also positively influencing the market growth.
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|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.
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
Market 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
Market 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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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