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(IT-NEWSWIRE.COM, December 05, 2021 ) The Global Image Sensors Market size accounted $18 billion in 2020 and is anticipated to witness significant market growth with CAGR of 8% during forecast period 2021 to 2026. An image sensor is a photosensitive electrical device that detects pictures and transmits data to a monitoring system. Better picture quality, superior frame rate, dynamic range, decreased noise, lower dark current, and low power consumption are all potential benefits of these sensors for customers. The evolution of image sensors in the global market has been fuelled by technical developments and the widespread use of pictures in numerous applications. Sensing equipment has grown cheaper, smaller, and more energy-efficient as a result of increased R&D spending, providing possibilities for industry participants. The expanding mobile phone sector, particularly smartphones, is expected to drive segment growth, over the projected period. The growing requirement for better resolution cameras for security and surveillance in public areas such as parks, public squares, malls, and railway stations, as well as the rise in terrorist acts, are two significant drivers driving up the need for better resolution cameras for security and surveillance. Increased applications of image sensors in automotive and industrial industries have further contributed to the growth of the Image Sensors Market. The forthcoming wave of new technologies in the industrial and automotive sectors, such as Industry 4.0 and autonomous cars, are expected to have a significant impact on the image sensors market.
Image Sensors market Segment Analysis - By Technology Type
CMOS segment is anticipated to witness significant market growth with CAGR 6.8% during the forecast period 2021-2026. With the growing need for high-definition image-capturing devices across a variety of sectors, CMOS technology has seen rapid acceptance, as it allows for a quicker shutter speed while still providing high-quality imagery. Government agencies and military forces have long used high-speed images to improve ballistic weapon knowledge and performance while also learning more about impact physics. Additionally, consumer uses of high-speed image technology originate from the field of automobile casualty testing, which drives up demand for CMOS sensors. This has resulted in a number of investments from both big and emerging technological firms. Furthermore, robots and security cameras can improve their image-based examination with CMOS image sensors. Machine vision systems are being used in the automation process of many production industries around the globe. Moreover, market manufacturers are turning towards the use of CMOS image sensors, which are less expensive than CCD image sensors and consume less power. During the projected period, the demand for CMOS image sensors is expected to rise due to increased automation in sectors. In June 2019, Sony Corporation announced two new models of CMOS image sensors: the IMX415 type 1/2.8 4K-resolution stacked CMOS image sensor and the IMX485 type 1/1.2 4K-resolution back-illuminated CMOS image sensor. Sony created these two new security camera sensors to fulfil the rapidly rising need for security cameras in a variety of monitoring applications, including anti-theft, disaster alert, and traffic monitoring systems or commercial complexes. Such developments further is analysed to boost the market growth in the years ahead.
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Image Sensors market Segment Analysis - By End user Type
Industrial segment held the highest market share in 2020 and is anticipated to witness significant market growth with CAGR 10.5% during the forecast period 2021-2026. The data collected by image sensors feeds machine vision technology, which is the cornerstone of modern automation. The data is processed through image-recognition algorithms to identify objects in the field of view, allowing for fine-grain and real-time coordination of target objects, which facilitates automation. The frame rate accessible to cameras used in industrial automation has been increased owing to advanced image sensor technologies. Because of the increased frame rate, picture quality has improved, making the cameras more useful in automation applications including inspection, predictive maintenance, process control, robot guidance systems, track & trace, others. Better image resolutions are also feasible owing to advancements in technology, as modern image sensors have higher pixel densities than older models. This also improves the effectiveness of image sensors in automated visual inspection. Image sensors are also being used to automate repetitive operations including sorting and counting. Many businesses demand accurate sorting and counting of items or parts. This might be for bundling things for sale or sorting through objects, such as food, to identify and reject products that do not satisfy quality requirements in the manufacturing line. The field of vision technology is rapidly developing. This has a major influence on a variety of industries, including the industrial market, which benefits tremendously from progressively better image sensors that optimize the industry's automation systems thereby enhancing the market growth.
Image Sensors market Segment Analysis - By Geography
APAC region held the highest market share in 2020 of around 35%. The fast expansion of the semiconductor sector, as well as the increasing inclusion of image sensors in linked goods, is driving market growth in this region. Furthermore, the strong presence of major companies such as Sony Corporation, as well as their large client base, led to substantial revenue establishment in the image sensors market. Moreover, the region's increased adoption of digital services, smartphones, and smart devices is expected to help APAC continue to lead the market during the projection period. Additionally, market expansion may be attributable to the increasing use of advanced driver assistance systems (ADAS) in vehicles. Government legislation for vehicle safety, along with customer desire for active safety features, are expected to have a favourable influence on the image sensor sector. In June 2020, OmniVision Technologies, Inc. strengthened its presence in the image sensor market by launching OX03C10 image sensors. These sensors offer 140 dB high-dynamic range (HDR) and top light-emitting diode (LED) flicker mitigation performance for automotive viewing cameras. Among the APAC countries, China is showing significant growth rate, owing to its growing economy and global electronics market share. China is one of the prominent electronics producers and consumers. According to National Bureau of Statistics China, during fiscal 2019, the country's computer, communication, and other electronic equipment production rose by 13.1 percent, with the whole industrial sector valued at $4,367.7 billion. China has established the Social Credit System, which relies heavily on facial recognition to identify its citizens. Across the country, facial recognition technologies are being installed, and the requirement for cameras for the project is expected to drive the market.
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Image Sensors market Drivers
Growing popularity of social media applications to drive growth
The fast acceptance of camera modules in consumer devices such as smartphones, tablets, and digital cameras is aided by the growing popularity of social networking applications. High-quality camera lenses are being integrated into consumer gadgets. Canon provides an APS-H-size CMOS sensor with about 120 megapixels of picture resolution. It also has a maximum output speed of about 9.5 frames per second, allowing for continuous ultra-high-resolution image capture. This in turn positively impacts the market growth.
Rising applications across medical imaging
Medical diagnostics is a rapidly growing market for image sensors. The market for medical image sensors, which is primarily driven by applications of image sensors in endoscopy and X-ray imaging, is expected to grow as the scope for imaging diagnostics in the medical industry expands. Emerging endoscopic solutions, such as capsule endoscopy and disposable endoscopes, are expected to contribute to the market's continued expansion. Endoscopy applications are increasing rapidly due to a rise in therapeutically treatable disorders such as cancer and gastrointestinal diseases, as well as a growing patient desire for less abrasive procedures.
Image Sensors Market Challenges
Optimal Performance at All Temperatures
The image sensors produce the highest picture quality at a specific temperature and read speed. The image sensors are still functional outside of certain ranges, but they cannot attain their optimum performance. This is a significant technological issue for image sensors, and it is limiting the market's growth. As we progress toward autonomous systems such as self-driving cars and smart manufacturing, it is critical that image sensors operate optimally under all situations.
Image Sensors Market Landscape
Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Image Sensors market. As of 2020, the market for Image Sensors market is consolidated with the top players including Sony Corporation, Samsung, OmniVision Technologies, On Semiconductor, STMicroelectronics, Panasonic Corporation, Canon Inc., SK Hynix Inc., Galaxycore Inc., Hamamatsu Photonics K.K., Pixelplus Co., Ltd., and among others.
Acquisitions/Technology Launches/Partnerships
In May 2019, Microsoft Corporation announced a strategic partnership with image sensors giant Sony Corporation. This partnership involved joint development of intelligent image sensor solutions and its integration with Microsoft’s Azure AI technology.
In February 2019, Infineon Technologies AG and PMD Technologies entered into a partnership for the development of REAL3 image sensor chips for applications relying on accurate 3D image data and for smartphones.
Key Takeaways
Aerial photography's growing popularity, as well as the usage of drones for that purpose, is projected to boost imaging sensor market revenue in the coming years.
Increased camera use in artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) applications, as well as in autonomous automobiles, is projected to open up new opportunities for image sensor market growth.
Growing demand for smartphones and other consumer electronics goods in APAC region such as China the Republic of Korea, India, and Singapore is prompting numerous businesses to create manufacturing operations in the region.
Related Reports:
A. Camera Modules Market
https://www.industryarc.com/Research/Camera-Modules-Market-Research-505437
B. IoT Sensors Market
https://www.industryarc.com/Report/18893/iot-sensors-market
For more Electronics Market reports, please click here
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IndustryARC
Venkat Reddy
(+1) 970-236-3677
venkat@industryarc.com
Source: EmailWire.Com 
Source: EmailWire.com
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