Image Sensor Market is expected to reach USD 38.60 billion by 2030 : Cognitive Market Research

Market Overview:
- The image sensor identifies images and transmits data to the central monitoring system. It is utilized in electronic imaging devices including digital cameras, camera modules, and other types of imaging technology. These sensors are also utilized for security purposes in-vehicle applications. It is used in traffic management applications such as movement violation detection, railway crossing monitoring, and traffic rule violation detection. Technology developments have led to smaller, less expensive, and more energy-efficient image sensors.

Summary
• The Global Image Sensor market size is estimated to be USD 26.12 billion in 2022 and is projected to reach USD 38.60 billion by 2030, at a CAGR of 8.2% during the forecast period.
• Asia Pacific is forecasted to dominate the target market in terms of revenue share.

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Market Dynamics:
- The rising expenditure on surveillance and security in public spots across the globe is the major factor that drives the demand for the global market. In addition, rising disposable income and an increase in the implementation of image cameras for automotive applications dominate the growth of the global image sensor market. Furthermore, increasing innovation and advancement in image sensors may increase their pixel density, lowering noise, and optimize the size of the sensor.
However, the high cost required for the manufacturing of image sensors may hamper the growth of the global image sensor market. In addition, increasing demand for LiDAR solutions by automotive manufacturers may restrain the growth of the target market. This is attributed to LiDAR solutions having some drawbacks which include high power consumption, heavyweight, and high cost.

Market Segmentation:
Technology
• Charge-Coupled Device (CCD)
• Complementary Metal-Oxide-Semiconductor (CMOS)
• Others
The Complementary Metal-Oxide-Semiconductor (CMOS) technology is forecasted to dominate the global market with the largest market share. This is attributed to its characteristics such as excellent noise tolerance, low power consumption, and minimal waste heat production.

Processing Type
• 2D Image Sensor
• 3D Image Sensor
3D Image Sensor is forecasted to dominate the growth of the global market, due to their growing acceptance in AR/VR, simultaneous localization, automotive, and 3D sensing and mapping (SLAM) applications.

Vertical
• Consumer Electronics
• Automotive
• Medical and Life Sciences
• Industrial
• Commercial
• Aerospace, Defense, and Homeland Security
Based on vertical, the consumer electronics segment is forecasted to dominate the growth of the global market. This is attributed to the customers' growing preference for smartphone photography and the widespread use of smartphones with cameras and image sensors.

The Major Players in Image Sensor Market are:
Sony Group, Samsung Electronics Co. Ltd., OmniVision, STMicroelectronics N.V., GalaxyCore Shanghai Limited Corporation, ON Semiconductor Corporation, Panasonic Holdings Corporation, Canon Inc., SK Hynix Inc., PixArt Imaging Inc.

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Regional Analysis:
• Asia Pacific has the highest revenue share in the global image sensor market
Asia Pacific is forecasted to dominate the target market in terms of revenue share. This is attributed to the rising population, growing penetration of smartphones, and increasing development of image sensors by a major manufacturer in the country in the region. Furthermore, the North American region is forecasted to dominate the growth of the global image sensor market. This is attributed to the increasing disposable income of people in the region drives the demand for the global market.

Image Sensor Market News
- In June 2022, Samsung Electronics launched the 200MP ISOCELL HP3, an image sensor with the lowest 0.56-micrometer pixels in the industry. Its sensor fits 200 million pixels into a 1/1.4" optical format, the diameter of the area photographed through the camera lens, which is 12% smaller than the predecessor's 0.64m. The sensor also includes a Super QPD auto-focusing technology, which gives all of the sensor's pixels the ability to focus on objects automatically.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Image Sensor Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Image Sensor Market Segmentation
1.5.1 Image Sensor Market Regional Fragmentation
1.5.1 Image Sensor Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Image Sensor Market
Chapter 4 Global Image Sensor Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Image Sensor Market by Technology Segmentation Analysis (2018-2030)
Chapter 10 Global Image Sensor Market by Vertical Segmentation Analysis (2018-2030)
Chapter 11 Global Image Sensor Market by Processing Type Segmentation Analysis (2018-2030)
Chapter 12 Global Image Sensor Market Regional Analysis
Chapter 13 North America Image Sensor Market Outlook (2018 - 2030)
Chapter 14 Europe Image Sensor Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Image Sensor Market Outlook (2018 - 2030)
Chapter 16 Latin America Image Sensor Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Image Sensor Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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Related Report
• CMOS Image Sensors Market - https://www.cognitivemarketresearch.com/cmos-image-sensor-market-report
• Smart Sensor Market - https://www.cognitivemarketresearch.com/smart-sensors-market-report
• Traffic Sensor Market - https://www.cognitivemarketresearch.com/traffic-sensor-market-report

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