What are the Historical Developments and Current Growth Metrics of the Image Sensors Market?
The image sensors market has seen considerable growth due to a variety of factors.
• The image sensors market has experienced strong growth in recent years. It will grow from $26.18 billion in 2024 to $28.64 billion in 2025, reflecting a CAGR of 9.4%.
The growth is attributed to the increased use of medical imaging, rising mobile camera demand, and growing needs in the automotive industry.
What Does Future Hold for The Image Sensors Market By 2029?
The image sensors market is expected to maintain its strong growth trajectory in upcoming years.
• The image sensors market is projected to reach $40.63 billion by 2029, growing at a CAGR of 9.1%.
Growth is supported by the demand for high-quality imaging in autonomous vehicles, rising consumer electronics, and a growing population. Key trends include partnerships, product innovations, and technological advancements.
What Are The Primary Growth Drivers In The Image Sensors Market?
The increasing number of autonomous vehicles is expected to drive the growth of the image sensors market. Autonomous vehicles, which use advanced sensor technologies for navigation, rely on image sensors to detect objects and obstacles. As the number of autonomous vehicles on the road grows, so does the demand for image sensors. For instance, the National Association of Insurance Commissioners projected that there will be 3.5 million autonomous vehicles on American roads by 2025. The rise in autonomous vehicles is contributing to the growth of the image sensors market.
What Is The Segmentation Of The Global Image Sensors Market?
The image sensors market covered in this report is segmented –
1) By Type: Area Image Sensors, Linear Image Sensors
2) By Technology: Complementary Metal-Oxide-Semiconductor (CMOS), Charge-Coupled Device (CCD), Other Technologies
3) By Processing Type: 2D Image Sensors, 3D Image Sensors
4) By Spectrum: Visible Spectrum, Non-Visible Spectrum
5) By End-User Industry: Consumer Electronics, Healthcare, Industrial, Security And Surveillance, Automotive And Transportation, Aerospace And Defense, Other End-User Industries
Subsegments:
1) By Area Image Sensors: CCD (Charge-Coupled Device) Image Sensors, CMOS (Complementary Metal-Oxide-Semiconductor) Image Sensors
2) By Linear Image Sensors: CCD Linear Image Sensors, CMOS Linear Image Sensors
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What Trends Are Shaping The Image Sensors Market?
Key players in the image sensors market are focusing on the creation of complementary metal oxide semiconductor (CMOS) image sensors in response to the increasing need for superior imaging solutions in numerous sectors. CMOS image sensors are extensively utilized in digital cameras, smartphones, and a range of imaging devices, including those used in self-driving vehicles. For example, Sony Semiconductor Solutions, located in Japan, introduced a new CMOS image sensor in November 2023. This sensor is specially engineered for automobile cameras. It offers an impressive 17.42 effective megapixels, facilitating high-definition capture of faraway objects and contributing to the creation of advanced automotive camera systems with sophisticated sensing and recognition capabilities. The IMX735 showcases a wide dynamic range of 106 dB, even when simultaneously using high dynamic range (HDR) imaging and LED flicker reduction, which ensures superior image quality under various lighting conditions.
Who Are the Key Players In The Image Sensors Market?
Major companies operating in the image sensors market are:
• Samsung Electronics Co.
• General Electric Company
• Sony Corporation
• Panasonic Corporation
• SK Hynix Inc.
• Toshiba Corporation
• Canon Inc.
• STMicroelectronics NV
• Micron Technology Inc.
• Infineon Technologies AG
• ON Semiconductor Corporation
• Ams AG
• Hamamatsu Corp.
• Omnivision Technologies Inc.
• Tower Semiconductor
• Sharp Electronics Corporation
• Himax Technologies Inc.
• FLIR Systems Inc.
• Teledyne Dalsa Inc.
• PixArt Imaging Inc.
• PMD Technologies GmbH
• GalaxyCore Inc.
• Raytek Corporation
• Pixel Plus AG
• New Imaging Technologies (NIT)
What Are The Regional Insights Into The Image Sensors Market?
North America was the largest region in the image sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the image sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
