The global image sensor market is anticipated to reach USD 26.41 billion by 2024.
The industry is poised for an unprecedented growth over the forecast period owing to the rising expenditure on security & surveillance in public places across regions and increasing disposable income across the emerging and developing economies. The impact of information technology in the automotive, defense, medical, and industrial application has driven the demand for image sensors over the projected period.
Increasing adoption of technologies for improving anti-terror equipments mitigating the security lapses has demanded for better camera resolution, which has further enhanced the market growth. The IP cameras are expected to have a significant growth over the forecast period as compared to analog cameras, which is due to higher resolution, secure transmission, ability to cover more distance, high-speed recording, and lower cable cost. Consumer electronics is expected to be the key application segment having the significant penetration and is also anticipated to grow at a considerable rate over the forecast period. The leading companies in the market are seeking new revenue sources as the smartphone market is attaining maturity. This has resulted in increased demand for the image sensors in the wearable industry and other applications.
The North American image sensor industry is anticipated to have a significant growth over the forecast period. The increasing per capita healthcare expenditure and prevailing large consumer base have influenced the growth in the region.
- Sony Corporation
- Samsung Electronics Co., Ltd.
- OmniVision Technologies, Inc.'s
- Canon, Inc.
- ON Semiconductor
- Toshiba Corporation
- Panasonic Corporation
- SK Hynix
- Pixart Imaging, Inc.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Market Snapshot
4. Image sensor Industry Outlook
5. Image Sensor Technology Estimates & Trend Analysis
6. Image Sensor Application Estimates And Trend Analysis
7. Image Sensor Regional Estimates And Trend Analysis
8. Competitive Landscape
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