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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Image Sensors Market Share
CMOS Segments To Gain Traction For Faster Processing Speed
The CMOS segment is expected to gain traction due to its superior advantages over CCD technology. CMOS sensors offer lower power consumption, faster processing speeds, and integrated functionality, making them ideal for applications in smartphones, automotive cameras, and surveillance systems. They also provide cost benefits and better performance in varying lighting conditions. As per image sensors industry analysis, these factors, combined with the growing demand for high-resolution and high-speed imaging, are driving the preference for CMOS sensors over CCD technology.
Automotive And Transportation Sector To Account A Significant Market Share Due To The Use In ADAS Systems
The automotive and transportation sector is envisioned to make impressive strides in the image sensors market. This might be attributed to the increase in the adoption of advanced driver assistance systems and autonomous driving technologies. Image sensors play a vital role in most features of this technology, e.g., lane-departure warning, adaptive cruise control, and collision avoidance systems. The application in high-performance image sensors is growing as safety standards rise and new vehicles become more automated. These further drives innovation and market growth within high-resolution real-time imaging, thereby bolstering the image sensors market revenue.
Image Sensors Market Report Snapshots
Image Sensors Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global image sensors market attained a value of more than USD 22.70 billion.
The market is projected to grow at a CAGR of nearly 9.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 50.70 billion by 2032.
The market is being driven by the flourishing semiconductors industry, and the rising deployment of image sensors in consumer electronic appliances.
The rising demand for image sensors to be used in medical imaging solutions, security cameras, and autonomous vehicles are some of the factors shaping the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of image sensors are CMOS and CCD.
The significant end-user industries of image sensors are automotive and transportation, consumer electronics, security and surveillance, industrial, healthcare, aerospace and defence.
The major players in the industry are Sony Semiconductor Solutions Corporation, Samsung Electronics Co., Ltd., OmniVision Technologies, Inc., STMicroelectronics International N.V., Panasonic Corporation, and CMOS (Complementary Metal Oxide Semiconductor) Sensors Group, among others.
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