The [FURL=https://www.industryarc.com/Report/15000/image-sensors-market.html]Image Sensors Market[/FURL] is forecast to reach $29.13 billion by 2025, by growing at a CAGR of 8.71% during the period 2019-2025. The growth of the Image Sensors Market can be attributed to increasing applications of image sensors in automotive and industrial segments. The Image Sensors market is anticipated to hugely benefit from the upcoming wave of new technologies in the industrial and automotive sectors in the form of Industry 4.0 and autonomous vehicles.Key Takeaways
The market is highly consolidated with the top players including Sony Corporation, Samsung, Omni Vision Technologies, On Semiconductor, STMicroelectronics accounting for major share in the Image Sensors Market in 2018.
CMOS image sensors are anticipated to grow at an extremely fast pace in the technology segment owing to the advantages in terms of manufacturing, cheaper costs, and lower circuit complexities. These features drive the usage of CMOS sensors in smartphones, digital and industrial cameras.
The industrial image sensors market is set to grow at a CAGR of over 10% in the forecast period 2019-2025 fuelled by the Industry 4.0 applications.
Automatic Driver Assistance Systems (ADAS) are anticipated to drive the growth of image sensors market in the APAC region. Favorable governmental regulations coupled with the consumer demand for safety features in automobiles are driving the usage of automotive cameras and image sensors.
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Image Sensors Market Segment Analysis - By Geography
APAC is one of the largest market for image sensors and it can be attributed to the growing adoption of Advanced Driver Assistant Systems (ADAS) in automobiles. Governmental regulations for vehicle safety coupled with consumer demand for active safety features are poised to impact the image sensors market positively. In India, the government has disclosed its plans of mandatory inclusion of ADAS systems for all the cars by 2022 along with Electronic Stability Control. In China, the number of automotive camera installations accounted for over six million units in 2017, which is anticipated to cross 30 million units by 2021. Trends such as these present excellent growth opportunities for the automotive image sensors market in the APAC region.
Market Landscape : The major players in the Image Sensors Market include Sony Corporation, Samsung, OmniVision Technologies, On Semiconductor, STMicroelectronics, Panasonic Corporation, Canon Inc., SK Hynix Inc., Galaxycore Inc., Hamamatsu Photonics K.K., Pixelplus Co., Ltd., and Sharp Corporation among others
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