Image Sensor Market Size


The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Image Sensor Market Size. The growth sectors of the Image Sensor Market Size are identified with precision for a better growth perspective.

According to a new report by Market Research Future (MRFR), the global image sensor market is expected to touch a revenue of USD 19,615 million by 2023. The market is anticipated to witness 14 % CAGR during the assessment period (2017-2023) owing to the growing demand for camera-enabled cell phones. Image sensor being one of the most lucrative businesses is the company’s primary focus area.

Drivers and Restraints Affecting the Market

The emerging trend in image sensor market is its application in several industries. For instance, Sony Corporation has come up as a separate company for profitable image sensor division. Samsung has also developed an advanced pixel technology in CMOS image sensor called ISOCELL. In order to meet the growing demand of image sensor in high-end photography, mobile imaging, and security and surveillance application, the company has converted one of its water fabrication lines into CMOS sensors.

Owing to the growing demand for low power consumption, camera enabled mobile phone, growing use in biometric applications, and compactness of CMOS image sensor, the global market for image sensor is likely to propel over the forecast period. Image sensors are also used in industry quality control to improve the product yield and spot detective units in the production line. The use of image sensors in biometrics, camcorders, video-conferencing applications, virtual keyboards, optical mice, and others have been in huge demand. The demand for such sensors has contributed to the market growth in a positive way. Moreover, with the innovation in technology, product upgrades and development coupled with new product launches in the market is expected to act as a traction to the growth of the market during the review period.

Global Image Sensor Market Segmentation

The global market for image sensor has been segmented on the basis of optical format, technology, application, spectrum, and region.

By mode of technology, the global market for image sensors has been segmented into sCMOS, CMOS, CCD, and others. Among these, CMOS sensor is predicted to hold a major share in the market compared to other segments. It is an imaging sensor used in most of the cameras and other image capturing devices and is comparatively cheaper that the other segments. With the growing need for high-definition image capturing devices, the CMOS technology is predicted to witness a high adoption rate during the assessment period.

By mode of linearity, the global market for image sensors has been segmented into non-linear and linear.

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Image Sensor Market Research Report - Global Forecast 2021 | MRFR
Image Sensor Market is expected to grow 8% CAGR from 2015-2021, Image Sensor Market Information by…

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