LONDON, The CMOS Image Sensor Market Value is expected to record a valuation of USD 23.04 Billion by 2028, Registering to Accelerate at a 8.65% CAGR, According to the most recent study by Brandessence Market Research Pvt. Ltd.
The Global CMOS Image Sensor Market size was Valued at USD 16.82 Million in 2021.
The major factors driving the growth of global CMOS image sensor market is the increasing demand for smart phones. The expanded utilization of cameras with image sensors in smartphone all over the planet has helped the consumer electronics industry. For smartphone producers, the expanding popularity of cell phone photography has become one of the significant considerations in utilizing natural image sensors. These organizations produce smartphones with up to five cameras in a solitary gadget. CMOS image sensors can be found in an assortment of gadgets, including laptops, smartphones, and digital single-lens reflex (DSLR) cameras.
CMOS Image Sensor Market Scope of Report
The global CMOS image sensor market has been touted to see tremendous growth in the coming years at a brisk rate as the market is expected to see growth manifolds. CMOS image sensor is a technology which is new in the market and has a lot of features like the wide dynamic range to go with the high sensitivity; therefore, it is able to capture a very clear image that has vivid colors and a richer texture even with the low-light environment. These use the photoelectronic conversion layer with the high photoelectric conversion property which gives it a lot better performance in comparison to the conventional image sensors as it increases the number of pixels and also provides a higher resolution image.
The global market is expected to see a good amount of growth in the coming years as the CMOS image sensor market trends like the higher image quality, better contrast in terms of color as well as a few other features which are provided by the CMOS image sensor are boosting the overall growth. These are also going to further be major factors in driving the market globally. Further, there is an introduction of many technologies like the global shutter technology and has been expected to fuel the CMOS image sensors. However, there could be a hindrance because the sensor often drains the battery quicker than the other image sensors. That is a factor which might restrain the growth in the market. But what works for the sensor is the fact that it has a lot of broad applications and there are cheap and fast methods of processing.
CMOS Image Sensor Manufactures:
The companies which have led the global market are NikkoIA SAS, Cannon and Sony Corporation. Sony is expected to be a continuous market leader here and this is going to be the case in the coming years too. There are technological advancements which make this product more cost-effective and secure for a lot of the applications. CMOS image sensor market survey shows that the growth of the market has been depending on the factors such as the performance it has in the temperature variation and the lower light. However, what is also restricting growth is the generation of heat which is going to hinder the global market. Increasing penetration in the image sensors has been seeing a broad application in the higher reliability and in the automobiles which is going to offer the opportunities for growth in the global market. These are elements which are going to create a good development.
Canon Inc Fujifilm Holdings Corporation NikkoIA SAS OmniVision Technologies, Inc. Panasonic Corporation Samsung Electronics Co. Ltd. Siemens AG, Sony Corporation Xenicsnv others
The segmentation of the global market has been done on the basis of image processing, application, array type, industry verticals and region. In terms of the image process, the global market has been bifurcated further into 3D and 2D sensors. In terms of the array type, the global market has been classified into the area image sensors and the linear image sensors. On the basis of application, the global CMOS image sensor market has been segmented into the video, machine vision, 3D imaging and the other segments. Based on the industry verticals, this is a market which has been segmented into the automotive, consumer electronics and the medical and life science along with the robotics.
Automotive Medical & Life Science Consumer Electronics Robotics Security & Surveillance Others
Market Drivers: The rise in the cameras which are used in the mobile phones like the tablets and smartphones are going to be a major factor behind the growth in the global market. Better the camera and the image quality, better it is for the smartphone market. There is an enhancement in image sensors in order to develop them with smaller footprints and provide functions which are improved for the maintaining the thinness of the smartphone. There are many cameras being installed on the smartphone and that is leading to a lot of new features such as improved HDR, low light photography as well as the portrait mode which can be switched into anytime. Increased applications has resulted in the adoption of these cameras in the AI, VR, AR and in the coming years it will be expected to be used in the driverless cars as well. It is a revenue stream which has opened for the companies that are operating in the global market. The surveillance cameras, smartphones and other devices are using AI for improving the picture qualities and that is among the major CMOS image sensor market drivers.
Recent Development:
News: Sony Announced the World’s First Dual-Light-Sensitive ‘Stacked CMOS’ Sensor
On December 22nd, 2021; Sony announced its initially stacked CMOS sensors for full-outline cameras back in April 2017 on the lead Sony A9 camera. A stacked CMOS sensor catches altogether more exposure, offers quicker outline rates, and better picture handling. Presently, Sony’s Semiconductor unit has declared the world’s initially stacked CMOS sensor with double transistor layers that doubles how much light caught in contrast with a regular stacked sensor.
Recent development of CMOS image sensor market show that the outbreak of coronavirus is going to affect the market quite significantly and that is because there is a big problem that has been created in the semiconductor and electronics sector. There is manufacturing and business units all over the world that have been closed. The leading regions of Asia Pacific witnessed complete lockdowns and that has caused a disruption in the supply chain of the world. This is going to thereby pose a challenge for the manufacturing in order to reach out the consumers. There will also be an impact on the smartphones market and that will be restraining the overall growth globally.
The economy is affected globally and the biggest impact is felt in the stock market too. However, with the pandemic receding, we are seeing signs of the overall market show some recovery. This will be the case in the coming years as the world gets back to normal and therefore see growth for the CMOS image sensor market too.
In terms of region, the global CMOS image sensor market is segmented into Europe CMOS image sensor market, APAC CMOS image sensor market, North American market and the LAMEA market. The market which is going to dominated in the sector is going to be the Asia Pacific market because of the rise in the demand for the products and the rapid need for the smartphones in this market. The China market and the India CMOS image sensor market are going to lead the entire market growth.
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