iCrowdNewswire Dec 30, 2020 5:09 PM ET
Market Research Future published a research report on “Image Sensor Market Research Report – Global Forecast till 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
Market Research Future (MRFR), in its latest research report, asserts that the global image sensor market is flourishing and expected to grow exponentially by 2022, registering a striking CAGR throughout the forecast period 2015-2022. MRFR also predicts that the Image Sensor Market might reach approximately USD 34.64 million by 2025 _, registering about 7.02% CAGR throughout the period.
Drivers and Restraints
An image sensor is one of the most profitable businesses and critical focus areas in the semiconductor industry. The semiconductor business is highly lucrative owing to the multipurpose utilization of image sensors in smartphone and DSLRs cameras from major manufacturers. The evolving trend in the Image Sensor Market is its application in numerous end-use industries.The companies are striving steadfastly to meet the growing demand for image sensors in mobile imaging, high-end photography, and security and surveillance application. The rising penetration of image sensors in automobile vehicles, the increasing trend of miniaturization, and dual camera in the latest Smartphones and Tablets and demand for enhanced medical imaging solutions are poised to fuel the image sensor market during the review period. On the other hand, the high prices of the manufacturing process are expected to hinder the image sensor market during the forecast period.
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Market Research Analysis:
By region, the global image sensor market has been spanned across the regions of Asia-Pacific, North America, Europe, and the rest of the world.
Among these regions, the region of Asia-Pacific might lead the image sensor market during the forecast period owing to the occurrence of prime global players. Japan-based car manufacturers such as Toyota Motor Corporation and Nissan Motor Company Ltd are incorporating superior driver assistance systems (ADAS) that offer automatic headlight dimming, collision avoidance systems, parking assistance, and lane departure warning. ADAS uses image sensors to detain entire outside world images to help the drivers and minimizing the chances of accidents while driving.
The prominent players in the image sensor market are Sony Corporation (Japan), Samsung Semiconductor Inc. (South Korea), OmniVision Technologies Inc. (US), ON Semiconductor (US), PixArt Imaging Inc. (Taiwan), GalaxyCore Inc. (China), SK Hynix Inc. (South Korea), and Teledyne Technologies (US).
The world of the global image sensor market has been segmented by the elements of technology, optical format, spectrum, and application.
- In terms of technology: CCD, CMOS, sCMOS, and others are the segments. Of which, CMOS is more segmented into back-side illumination, front side illumination (FSI), and more.
- In terms of optical format: Linear and non-linear are the segments. Wherein, linear has also been fragmented into 2D processing and 3D processing.
- In terms of the spectrum: Visible spectrum and invisible spectrum are the segments.
- In terms of application: Consumer electronics, surveillance, medical, automobile, and others are the segments. Of which, surveillance has also segmented into night surveillance, commercial security, drones, border security, and home security. Medical is also bifurcated into surgery, endoscopy, dermatology, dental, and ophthalmology.
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