Image Sensors Market Size Share Growth 2022-2029

Image Sensor Market

Image Sensor Market was valued at USD 22.1 billion in 2021 and is estimated to reach USD 41.8 billion in 2029, growing at a CAGR of 8.3% during the forecast period.

The factors driving the growth of Image Sensor Market includes increasing penetration of smartphones and tablet around the world, rising adoption of Advanced Driver Assistance Systems in the Automobile industry, improvements in the image processing techniques and growing demand for high-definition image-capturing devices. According to the report published by Bloomberg, the Global Advanced Driver Assistance Systems (ADAS) Market is expected to reach USD 58.7 billion by the end of 2030, expanding at a CAGR of 18.2% over the forecast period (2022-2030), which will accelerate the Image Sensor Market share in the approaching years. Moreover, technological advancements in the consumer electronics, increasing application of 3D cameras in the entertainment industry and and development of machine vision in the field of robotics, are some of the additional factors supplementing the Image Sensor Market size. In addition, the increasing investments by leading players on research and development, rising disposable incomes, rapid urbanization, and growing population growth rates, are further contributing to the market growth.

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However, the growth of Image Sensor Market of hindered attributed to increasing use of LiDAR systems by the automobile manufacturers.

The leading players operating in the market are OmniVision Technologies, Inc., STMicroelectronics N.V., Semiconductor Components Industries, LLC, Sony Corporation, Samsung Electronics Co., Ltd., Panasonic Corporation, Canon Inc., SK hynix Inc., Hamamatsu Photonics K.K., and PixArt Imaging Inc., among others.

Based on Processing Technique, the 3D Image Sensors segment is estimated to grow at a significant CAGR during the forecast period

Increasing application of 3D image sensors in Autonomous vehicles, Augmented Reality and Virtual Reality, are some of the factors responsible for the segment’s growth.

Based on Array Type, the Linear Image Sensor segment is projected to expand at a robust CAGR over the forecast period

Increasing use of linear image sensors in image scanners, barcode readers, and bank note recognition systems, are propelling the growth of the segment.

Based on Region, the Asia-Pacific region is predicted to hold the highest market share during the forecast period

Growing demand for digital cameras, smartphones, and tablets, increase in Government’s expenditure on the healthcare sector, improvements in the living standards, rising disposable incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Developments

• In 2020, OmniVision Technologies, Inc., introduced OX03C10 ASIL-C automotive image sensor, which can deliver 1920 x 1280p resolution at the rate of 60 frames per second (fps) and enables greater design flexibility.

• In 2020, Sony Corporation introduced intelligent vision sensors, IMX500 and IMX501, these sensors can be used in wide range of applications in the retail and industrial equipment industries.

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

• Aerospace, Defence, and Homeland Security

• Automotive

• Consumer Electronics

• Medical and Life Sciences

• Commercial

Segmentation by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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