Global Image Sensors Market Report (2022-2027) - Growing Innovations and Advancements in Image Sensors Offer Opportunities - ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–Image Sensor Market by Technology (CMOS Image Sensors), Processing Technique (2D Image Sensors, 3D Image Sensors), Spectrum, Array Type, Resolution, End User (Consumer Electronics, Automotive) and Geography – Global Forecast to 2027″ report added ResearchAndMarkets.com offer.

The global image sensor market is valued at USD 26.1 billion in 2022 and is expected to reach USD 38.6 billion by 2027 at a CAGR of 8.1% during the forecast period.

The market has promising growth potential due to several factors, increasing use of image sensors in advanced medical imaging solutions and increasing adoption of ADAS in automobiles.

3D image sensors: the fastest growing segment of the image sensor market by processing technology

The 3D image sensors segment of the market is projected to grow at a high CAGR during the forecast period. This growth can be attributed to the growth of 3D image sensors due to their ability to sense depth in AR/VR, automotive, 3D sensing and simultaneous localization and mapping (SLAM) applications. In addition, 3D image sensors are a better choice than 2D sensors because they can compensate for the shortcomings of 2D by recording the correct depth information, resulting in a point cloud, which is a significantly higher object in terms of accuracy.

5 MP to 10 MP resolution: The second largest resolution segment of the image sensor market.

In 2021, the 5MP to 10MP resolution segment will account for the second largest size of the image sensor market. The growth of this segment can be attributed to its advantages such as low power consumption and small footprint. These include facial authentication systems, advanced driver assistance systems (ADAS), in-cabin ADAS, tablets, and more. widely used in low-end devices such as The growth of ADAS in automobiles is driving the growth of this segment.

Further, companies are actively producing new products in this range. For example, in 2021, Sony Group released a 2/3-type CMOS image sensor for industrial equipment, which is ultraviolet (UV) compliant and has the industry’s highest effective pixel count of about 8.13 megapixels, and released the OMNIVISION OH08A and OH08B. CMOS image sensors?the first 8-megapixel resolution sensors for disposable and reusable endoscopes

Area Image Sensors: The fastest growing segment of the image sensor market by array type

The area image sensors segment is projected to lead the image sensor market over the forecast period as they excel in discrete components, which are used in a disproportionately large number of common machine vision applications. In addition, they are easier to use and easier to install than line image sensors, cost-effective and have a wider application range than line image sensors. Thus, the segment is expected to grow at a high CAGR during the forecast period.

Visible Spectrum: The largest segment of the image sensor market by spectrum

In 2021, the visible spectrum segment has a larger share of the image sensor market than the invisible spectrum segment. The growth of this segment can be attributed to the increased use of image sensors in consumer electronics due to reduced power consumption, ease of integration, speed and cost ratio. Increasing demand for cameras with different resolutions for use in smartphone photography, wearable devices, commercial drones, and service robots has fueled market growth.

Automotive: the fastest growing segment in the image sensor market, the end user.

The automotive segment of the market is expected to grow at the highest CAGR from 2022 to 2027. A major factor contributing to the growth of this segment is the increasing safety concerns of automobile manufacturers. The adoption of image sensors in advanced driver assistance systems (ADAS) and the trend towards autonomous vehicles provide opportunities for market growth.

Market dynamics

Drivers

Increasing demand for multiple cameras on mobile devices

Growing acceptance of strays in cars

Increasing the use of image sensors in advanced medical imaging solutions

Restrictions

Car manufacturers’ preference for Lidar solutions

Declining demand for digital cameras

Opportunities

Growing innovations and advances in image sensors

Difficulties

Time to market for smartphones has been shortened

Problems with reducing pixel pitch

These companies

AMS Ag

Andanta Gmbh

Canon Inc.

Integrated diodes

Galaxycore Shanghai Limited Corporation

Gigajot Technology Inc.

Gpixel Inc.

Hamamatsu Photonics KK

Himax Technologies, Inc

ISDI

New imaging technologies

Nuvoton Technology Corporation

Omnivision

Panasonic Holdings Corporation

Photonfocus Ag

Pixart Imaging Inc.

Pixelplus Co. Ltd

Ruixin Microelectronics Co. Ltd.

Samsung Electronics Co. Ltd.

Sharp Corporation

SK Hynix Inc.

Sony Group

Stmicroelectronics NV

Teledyne Technologies Incorporated

For more information on this report, visit https://www.researchandmarkets.com/r/b62ava