Global Image Sensor Market

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Global Image Sensor Market size is expected to reach US$ XXBn. by 2026 from US$ XXBn. in 2019, at a CAGR of 8.5% during the forecast period.
Global Image Sensor Market Introduction and Market Scenario:

The image sensors market is a highly increasing market, thanks to the increasing improved quality of image processing, optics, and interfaces. These image sensors are also increasingly adopted because of the availability of low-cost CMOS image sensors used for implementation in mobile devices.
Global Image Sensor Market Drivers:

The several developing trends in the image sensor market are its numerous application in modern industries. The image sensor is mostly of the company's most latest and main profitable business, it is also their common focus area. The modern semiconductor business is majorly profitable because of a lot of factors like multipurpose utilization of basic image sensors in modern smartphones and advanced DSLRs cameras from several manufacturers like Nikon limited, and Sony's corporation's popular cameras are influencing the growth of the semiconductor business.

Samsung is working hard and has developed its new advanced pixel technology in the wide field of CMOS image sensors identified as ISOCELL. Moreover, the increasing demand for advanced camera-enabled mobile phones reduced power consumption and increased compactness of CMOS image sensor which is modern and cost-effective, and rising use of many image sensors and numerous CMOS image sensor biometric applications among others are the factors expected to create significant opportunities in the market.
Global Image Sensor Market Restraints and Challenges:

COVID-19 has disturbed the entire supply chain. Many factors affect the growth of the image sensor market research, such as market size, trends in global technology, capital investment, etc.

The decline in the production of smartphones and automobiles has resulted in decreased global demand for image sensors. This has led to less manufacturing of image sensors, thus acts as a challenge for the manufacturers of image sensors.
COVID 19 Impacts and effects on Image Sensor Market:

The key players in the image sensor market report mainly focused on several growth strategies like various partnerships, different mergers, acquisitions, and advanced product development to enhance their several product offerings. Sony Corporation, Samsung Electronics Corporation Limited, Panasonic Corporation Limited, and Canon Inc. Limited are a few of the key players in the image sensor market. To fight against the negative effects of COVID-19, countries lead lockdowns that have badly affected the image sensor market. The global pandemic leads to some challenges to the sector. Major strategic developments are taking place. MNC are investing more on account of the increasing demand from consumers across the globe.
Global Image Sensor Market Segment Overview:

The CMOS image sensors technology segment is expected to hold a market share of XX% in the image sensors markets globally by 2026. Thanks to they find a varied range of applications covering customer electronics, security and surveillance, automotive, and others, because of the advantages offered by them in terms of compactness, higher frame rates low power consumption, and importantly the costs over the other types of image sensors. Also, the emergence of multi-camera-equipped smartphones has encouraged the market for CMOS sensors.

By processing technique, 3D image sensors are expected to grow at the highest CAGR of XX% during the estimated period (2020-2026). This growth is attributed to the increasing adoption of 3D image sensors in AR/VR, automotive, 3D sensing, and simultaneous localization and mapping (SLAM) applications, because of their depth-sensing ability.

Global Image Sensor Market

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Global Image Sensor Market Regional Insights:

APAC is a dominant market for image sensors in 2019 by XX% of market share, thanks to the growing adoption of Advanced Driver Assistant Systems (ADAS) in automobiles. In India, the government has released its plans of mandatory inclusion of ADAS systems for all the cars by 2022 along with Electronic Stability Control.

Governmental regulations for vehicle safety together with consumer demand for active safety features positively influence the image sensors market. The Asia Pacific is expected to witness significant demand, mainly in India and China, because of the availability of high-end luxury as well as economy vehicles. In China, the number of automotive camera installations accounted for above 6 Million units in 2017, which is expected to cross above 30 million units by 2026.

Global Image Sensor Market 1
Competitive Landscape

Partnerships and acquisitions along with product development and up-gradation are the key strategies of the prominent players in the image sensors market. In 2018, the market for image sensors is highly consolidated with the top 5 players accounting for the majority of the market share.
Partnerships/Mergers & Acquisitions/Developments

• 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.

• In May 2020, Sony Semiconductor Solutions Corporation, a subsidiary of Sony Corporation, launched IMX500, which is equipped with both processing power and memory capabilities. This image sensor carries out machine learning and powers computer vision operations without using any external hardware.

• In May 2020, Sony Semiconductor Solutions Corporation, a subsidiary of Sony Corporation, partnered with Microsoft Corporation, a US-based technology company. Under this partnership, both the companies are combining their efforts to create smart camera solutions for their mutual enterprise customers. This joint effort of both companies is expected to integrate the Microsoft Azure AI capabilities with intelligent vision sensors, IMX500 of Sony, for smart camera and video analytics applications.

• In May 2020, Panasonic Corporation partnered with Blue Yonder Group, Inc., a US-based end-to-end supply chain software provider. The company purchased shares of Blue Yonder Group for USD 5.5 billion through secondary sales. It also bought a 20% minority ownership stake and has one seat on the board of directors. This partnership is expected to enable Panasonic to accelerate its autonomous supply chain using IoT and machine learning solutions of Blue Yonder.

• In May 2019, Microsoft Corporation announced a strategic partnership with image sensors giant Sony Corporation. This partnership will involve joint development of intelligent image sensor solutions and its integration with Microsoft’s Azure AI technology.

• In February 2019, U.S.-based Company Light, a leader in advance computational imaging, partnered with Sony Semiconductor Solutions for the development of multi-image sensors for smartphones built with four or more cameras.

• In May 2019 Samsung unveiled the industry’s highest-resolution image sensor with 64 megapixels for smartphones. The 64-megapixel ISOCELL Bright GW1 is part of the company’s 0.8-micrometer image sensor line up which is currently the smallest available pixel size in the market.
R&D Investments/Funding

• MultiVu in May 2019 announced that they have received $7m as seed funding for the development of 3D imaging solutions using a single image sensor instead of the usual practice of two sensors. The company believes that the project will make 3D imaging solutions more affordable.

The report focuses on the image sensor market value at the top regions and countries of the world, which shows a regional development, including market size, share, revenue, and much more across the globe. The report has covered, capacity, production value, cost/profit, and supply/demand by statistical analysis.

A brief analysis of drivers, restraints, opportunities, and challenges in the market is also covered with examples by region. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.

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Global Image Sensor Market Scope: Inquire before buying

Global Image Sensor Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Image Sensor Market Key Players

• Sony Corporation
• Samsung Electronics Co., Ltd.
• OmniVision Technologies, Inc.
• STMicroelectronics
• ON Semiconductor Corporation
• Panasonic Corporation
• Canon Inc.
• SK hynix Inc.
• PixArt Imaging Inc.
• Hamamatsu Photonics K.K.
• Teledyne Technologies Limited.
• CMOSIS NV
• GalaxyCore Inc.
• Sharp Corporation
• Toshiba Corporation
• Airy3D
• AMS AG
• Fastree3D SA
• Gpixel Inc.
• Himax Technologies, Inc.
• Pixelplus Co., Ltd.
• Prophesee S.A.
• Unispectral Ltd.
• Others

 

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