Image Sensors Market - Forecast(2021 - 2026)

 

Image Sensors Market Overview

The Image Sensors Market is forecast to reach $29.13 billion by 2025, by growing at a CAGR of 8.71% during the period 2019-2025. The growth of the Image Sensors Market can be attributed to increasing applications of image sensors in automotive and industrial segments. The Image Sensors market is anticipated to hugely benefit from the upcoming wave of new technologies in the industrial and automotive sectors in the form of Industry 4.0 and autonomous vehicles. 


Image Sensors Market Report Coverage

The report: “Image Sensors Market – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Image Sensors Market. 
By Technology: CMOS, CCD, CIS, Others
By Application: Consumer Electronics, Medical Devices, Industrial, Security and Surveillance, Aerospace and Defense, Automotive, Others.
By Geography: North America, South America, Europe, APAC, RoW


Key Takeaways

  • The market is highly consolidated with the top players including Sony Corporation, Samsung, Omni Vision Technologies, On Semiconductor, STMicroelectronics accounting for major share in the Image Sensors Market in 2018.
  • CMOS image sensors are anticipated to grow at an extremely fast pace in the technology segment owing to the advantages in terms of manufacturing, cheaper costs, and lower circuit complexities. These features drive the usage of CMOS sensors in smartphones, digital and industrial cameras. 
  • The industrial image sensors market is set to grow at a CAGR of over 10% in the forecast period 2019-2025 fuelled by the Industry 4.0 applications.
  • Automatic Driver Assistance Systems (ADAS) are anticipated to drive the growth of image sensors market in the APAC region. Favorable governmental regulations coupled with the consumer demand for safety features in automobiles are driving the usage of automotive cameras and image sensors.

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Image Sensors Market Segment Analysis - By Technology 

CMOS image sensors hold a major share in the image sensors market globally. They find varied range of applications covering costumer electronics, security and surveillance, automotive and others owing to the advantages offered by them in terms of compactness, higher frame rates low power consumption and importantly the costs over the other types of image sensors. Additionally, the emergence of multi camera equipped smartphones has impelled the market for the CMOS sensors in the recent past. 


Image Sensors Market Segment Analysis - By Application 

Large scale usage of image sensors in Industrial applications are one of the biggest growth factors for the image sensors market globally. The Industrial Image Sensors market is poised to grow at a CAGR of 10.94% in the forecast period 2019-2025. The forthcoming wave of Industry 4.0 will make use of image sensors for automation of manufacturing processes to achieve efficient production through a network of vision systems that will monitor operational processes. Going forward, image processing is poised to have a great significance in Industry 4.0, as industrial cameras incorporated with image sensors and machine vision systems will take part in inspection, predictive maintenance, process control, robot guidance systems, and track and trace applications.


Location: United States

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