Global Image sensors market accounted for USD 19.0 billion in year 2019. This is projected to grow at a CAGR of nearly 7.6% during the period of 2020-2026.
Covid19 has hit the automotive sector immensely. The production of sensors is almost on paused across the globe due lockdown and social distancing norms. There is a shortage of raw materials for production to resume. Thus the image sensors market is expected to witness drop due to pandemic.
The use of electronic gadgets has been increasing immensely. Cameras are major component of widely used electronic devices such as smart phones, laptop and tablets. This drives the image sensors market towards growth.
For more details, visit: Global Image Sensors Market By Processing Technology(2D, 3D), By Resolution(VGA, 3-5MP, 5-10MP, 12-16MP, Above 16MP), By End-User(Consumer Electronics, Automotive, Aerospace, Defense & Homeland Security, Others), By Region–Forecast & Opportunities to 2026
Based on process technique the image sensors market is segmented to 3D Image sensors and 2D image sensors. The 3D image sensors market is expected to grow at the highest CAGR. As the AR, VR, automotive and 3D sensing is adopting 3D image sensors at a large-scale driving sensors market towards growth.
Based on resolution the image sensors are segmented into VGA, 1.3MP – 3MP, 5MP-10MP, 12MP-16MP and more than 16MP. The 12MP-16MP market is expected to grow at a highest CAGR during the forecast period. The increased demand of cameras in consumer goods and automotive sector attributed growth of this segment. 12MP-16MP image sensors are based on CMOS technology and they are also smaller in size giving high resolution this features make them suitable for smart phones and automotive.
The consumer electronics accounted for maximum market share in 2019. This segment is expected to maintain its market dominance and projected to register growth at highest CAGR during forecast period. The demand for good cameras is increasing among smart phone users driving the image sensors market during forecast period. Manufacturers are installing 45 cameras in a single smart phone
Asia-pacific region accounted for maximum market share in the year 2019. The major driver in this region is the huge population and growing demands of cameras in VR, Smartphone along with growing demand of automobile. Asia-pacific region is expected to witness growth at highest CAGR during the forecast period
The key market players are Sony Corporation, Samsung electronics, OminiVision technology, STMicroelectronics, ON Semiconductor Corporation, Panasonic Corporation, Canon Inc, SK Hynix, PixArt Imaging Inc, Hamamatsu Photonics, Toshiba Corporation, Galaxy Core Inc and Teledyne Technologies.
- What are the expected industry trends over the next three to five years?
- Which of the Image sensors technology is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?