Industrial automation, and factory monitoring processes are also showcasing a surge in the adoption of image sensors, thus increasing the overall image sensors market size. Get more details on this report - Request Free Sample PDF. These cookies are required to navigate on our Site. The world’s image sensor market is estimated to grow to $27 billion by 2023 from $17.2 billion in 2019, according market research firm Techno Systems Research (TSR). We wish them the best of luck but, as the numbers stand right now, it looks like Samsung has their work cut out for them. Of course, Samsung isn’t just going to sit back and let Sony continue to dominate. In 2019, the CIS industry still enjoys thriving growth thanks to the mobile market. For 2020 the company is predicting a 7 percent growth figure taking the market to about $20.6 billion but said: "This number will … Moreover, the region houses some of the key manufacturers of image sensors, including Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Panasonic Corporation (Japan), Hamamatsu Photonics K.K. The rising adoption of automation in various sectors, such as aerospace & defense, manufacturing, oil & gas, etc., is accelerating optical sensor market growth. Hence, consumer electronics and automotive applications are expected to attract high imaging sensors market revenue in the forthcoming period. The second half saw the release of multi-camera smartphones that re-ignited the market. We use cookies to enhance your experience. They allow us to analyse our traffic. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". A strong second half of 2019 took the market for CMOS image sensors way above previous estimates by Yole Developpement. The key image sensor market manufacturers have been actively modernizing their current image sensing offerings to achieve more precise, robust and in-depth sensing at optimized cost. The automation process is widely spreading from manufacturing and processing plants to the automotive field. Moreover, the rising inclination to implement automation and robotics through Industry 4.0 will enhance the need for accuracy in operations. For example, in August 2019, Xiaomi announced to launch Samsung's 108MP ISOCELL CMOS sensor in its smartphone “Xiaomi Mi Mix 4”. However, this too shall pass. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Then after, Yole announces Samsung and Omnivision with 21% and 10% market share, respectively. The market in the region is expected to grow at the highest CAGR from 2020 to 2025. These major players of optical sensors in the market are coming with various strategies to leverage their market share and profitability. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/image-sensor-market-102149, Rising Popularity of CMOS Image Sensor Technology to Add Impetus to Market. Fortune Business Insights™ Pvt. Kehl is our staff photography news writer and has over a decade of experience in online media and publishing and you can get to know him better here, Your email address will not be published. Consumer electronics is one of the rapidly booming application areas where there is a growing demand for devices such as smartphones, digital cameras, AR/VR systems. High-resolution digital camera, high sensitivity & low noise DSLR camera, point-and-shoot cameras, tablet PC cameras, smartphones with the dual camera are collectively giving a push to the demand for imaging sensors in consumer electronics. Major players in the market are investing in advancements in optical sensor technology to cater to high demand in end-use applications such as military & aerospace, medical, etc. For instance, Infineon Technologies AG is developing 3D image sensors for applications such as 3D scanning, 3D biometric identification, body tracking, and hand gesture. Looking forward to work together in the future”, “It has been a delightful experience working with you guys. Moreover, several small players in the market are facing difficulty in product differentiation, resulting as a potential barrier to enter high-volume applications. These sensors based on infrared lasers and LEDs are used in ADAS system to enhance safety experience. The market in the region is expected to grow at the highest CAGR from 2020 to 2025. (Japan), and Canon Inc. (Japan). Japan-based Techno Systems Research (TSR) estimates that the company had half of the sensor market in 2019 or 49.1% as compared to Samsung’s 17.9%. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth. The market value was USD 15.93 billion in 2018. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 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This is one of the major factors enhancing the use of optical sensor in the region. The security and surveillance segment is one of the major application areas accountable for the growing demand for image sensing solutions. In 2018, Asia Pacific (APAC) region contributed highest revenue in image sensor market and is expected to dominate the market during the forecast period as well. For instance, in October 2017, Samsung Electronics launched two new image sensors “ISOCELL Bright GD1 and ISOCELL Bright GM1” for smartphone applications. As DPReview points out, none of this should really be that surprising since Sony both kept the midnight oil burning during the 2019 month of December in order to keep up with demand but also the company is building a new factory in Nagasaki that is going to help it boost production when it comes into action by April 2021, reports indicate.

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