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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Image Sensors Market Size
The global image sensors market reached a value of more than USD 22.70 billion in 2023. The industry is further expected to grow at a CAGR of 9.30% in the forecast period of 2024-2032 to reach a value of over USD 50.70 billion by 2032.
| Global Image Sensors Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 22.70 |
| Market Size 2032 | USD Billion | 50.70 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 9.3% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 10.7% |
| CAGR 2024-2032 - Market by Country | India | 12.3% |
| CAGR 2024-2032 - Market by Country | China | 10.3% |
| CAGR 2024-2032 - Market by Type | CMOS | 10.2% |
| CAGR 2024-2032 - Market by End-User Industry | Consumer Electronics | 10.6% |
| Market Share by Country 2023 | Japan | 4.3% |
Global Image Sensors Market Outlook
- Image sensors have additionally found a major application in smartphones.
- China dominates the global smartphone market, with 974.69 million users, driven primarily by its large population and rapid technology adoption.
- The second largest in terms of users is India, driven by the rapidly rising affordability and increasing access to the internet.
- As per image sensors market analysis, the United States maintains a strong market presence with 276.14 million users, facilitated by high disposable income among consumers and highly developed telecommunications infrastructure.
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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