Image Sensors Market To Advance at CAGR of 6.2% during 2018–2023

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business

Summary

The ongoing developments in the industry will drive the demand for image sensors in the coming years.

Press Release

The image sensors market is segmented by processing type, technology, operating spectrum, array type, application, and region. The technology segment of the industry has been categorized into CCD and CMOS, of which due to the lower power consumption and reduced system size, CMOS-based image sensing devices are preferred more than CCD-supported devices.

Considering the surging demand for CMOS-enabled image sensing devices, Sony Corporation discontinued the shipment/delivery of its CCD sensors from March 2020 onward. The image sensors market holds a high potential for growth in Asia-Pacific (APAC) due to technological advancements. Developments in optical molecular imaging are providing new capabilities, such as higher accuracy and sensitivity, which have broadened the scope of such components in the medical sector, in clinical translation and cancer research.

Optical molecular imaging tools are being widely powered by CMOS image sensing devices. In the coming years, optical molecular imaging tools are expected to find numerous applications in preclinical and clinical drug trials on humans. Due to the presence of a few developers, the market is consolidated in nature.

Key players in the image sensors market are focusing primarily on product launches to gain a competitive edge in the industry. One of the leading companies in the industry, OmniVision Technologies Inc., launched an RGB-Ir image sensor — OV9738 — in 2018 for infrared (IR) and color imaging. The IR biometric capabilities of the sensor enable gesture interface and facial recognition applications.

Thus, the ongoing developments in the industry will drive the demand for image sensors in the coming years. This market research report provides a comprehensive overview of the image sensor market

  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings