Global Image Sensors Market: Overview

Between 2019 and 2027, the global image sensors market is set to chart and impressive growth rate, owing to rising demand for high-definition cameras – in smartphones, laptops, as security cameras and also camcorders.

It does not really come as a surprise that better images are what the clamor is about, thanks to a generation of very visual people, forever in search of the next great Instagram picture. Besides, good cameras are needed in media, automotive and medical industry. Some of the industrial and consumer applications also need high quality of imaging to create better outcomes.

In fact, in automotive, there are strict government regulation regarding safety cameras and driver assistance. Besides, a high level of innovation in the market is all set to help the market stay on a high growth trajectory over the forecast period.

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Global Image Sensors Market: Notable Development

The global image sensors market is witnessing numerous developments that are not just significant for players to take note of but also to understand how the market would operate over the coming years. An in-depth dive in can be had in our upcoming report.

2018: Sony launched IMX586, the highest resolution image sensor camera in the smartphone world. It was a great move forward for camera enthusiasts as it ramped up resolution to 48 megapixels. The move is set to propel other smartphones players into action for a larger share in the market.

The global image sensors market is fragmented with intense competition marking the landscape and prominent players in the market include Canon Inc., Samsung Electronics Co. Ltd., Sony Corporation, ams AG, STMicroelectronics N.V., and ON Semiconductor Corporation, among others. Players in the market are entrenched in research and development, in their efforts to innovate and revolutionize the market landscape. Other strategies deployed by market players to stay ahead of the competition include product diversification, mergers and acquisitions, and strategic collaborations and partnerships.

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Global Image Sensors Market: Key Trends and Drivers

Certain factors are shaping the growth curve for global image sensors market. They are paving the way for how market would operate over the coming years. A glimpse is shared below.

  • Integration of camera in smartphones has been a key driver in the growth of the global image sensors market. This is a result of adapting to the consumer need of having the convenience of taking a snapshot at the tips of one’s fingertips. Candids are appreciated and no memory is worth missing. And, this leads to demand for image sensors, helping the market take on an upward curve over the forecast period. And, thus, it also does not surprise anyone that most of the smartphone companies play on the cameras as their USP to attract more consumers.
  • Advanced Driver Assistance System (ADAS) is critical in ensuring safety while driving. Coupled with self-driving cars, this will lead to growth in the global image sensors market significantly. Rising rate of accidents on the roads is also supporting this growth in the market.

Global Image Sensors Market: Geographical Analysis

Owing to stringent safety related mandates, particularly in the automotive industry, the North American region will be one of the most significant one in the global image sensors market. Besides, the region is characterized by high research and development, and thus by a high technological advancement and innovation. The level of industrialization is very high and the rising rate of accidents is contributing positively to the growth of this market. Additionally, federal traffic regulations are pushing growth in the market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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