Artificial Intelligence
Global Organic CMOS Image Sensor Market is Expected to Grow at a CAGR of 12.2% from 2017 to 2028
Pune, India, May 26, 2021 (GLOBE NEWSWIRE) — The global Organic CMOS Image Sensor Market was valued at USD 1,086.7 million in 2020 and is projected to register a CAGR of 12.2% to reach USD 2,723.8 million by 2028 in the COVID-19 period.
Organic sensors have a higher sensitivity than conventional sensors, allowing for simple image capture even in low light. The organic CMOS (Complementary Metal Oxide Semiconductor) image sensor has a numerous advantage over conventional image sensors, including a higher dynamic range, sensitivity, and incident angle range, as well as additional performance protection from temperature, humidity, electrical voltage, and light.
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CMOS technology has now seen rapid adoption due to the increasing demand for high-definition image-capturing devices across a variety of industries, as it allows for a faster shutter speed while ensuring high image quality. Because of their ability to render smaller pixels and higher resolution at a low cost, organic CMOS image sensors are used in a number of industries, including consumer electronics, automotive, medical & life sciences, security & surveillance, and others.
In the organic CMOS image sensor market, major players have launched new products and formed alliances, resulting in intense competition and prominent market developments. For instance, in March 2021, Sony Corporation has announced that it will launch the “IMX661,” a large format 56.7mm diagonal CMOS image sensor for industrial equipment with a global shutter feature and the industry’s highest effective pixel count of 127.6 megapixels. This CMOS sensor comprises Sony’s Pregius global shutter pixel technology, which allows for motion distortion-free image capture.
Low-power compact organic CMOS image sensors have grown in popularity, allowing them to be used in a wide range of applications. Video cameras, cellular phones, web and surveillance cameras, toys, vehicles, factory inspection systems, and medical equipment are among these applications. The ability to incorporate all functions needed for timing, exposure control, color processing, image enhancement, image compression, and analog-to-digital (ADC) conversion on the same chip are some of the advantages of current state-of-the-art CMOS image sensors over conventional CCD sensors.
Patient monitoring and drug manufacturing, dental surgery and treatment, X-ray imaging equipment, digital capsule endoscopy, artificial retina, and minimally invasive surgery are the healthcare applications of these sensors. Furthermore, scene understanding, attention-based alarming, color analysis, tracking, and motion detection, among other features, provided by organic CMOS image sensor technology are used for security and surveillance applications to remotely control activity over wide areas.
Some Significant Market Developments Considered in the Report:
- In January 2021, The OmniVision Technologies, Inc., a leading manufacturer of revolutionary digital imaging solutions has unveiled OX03F10 automotive image sensor at CES. As vehicle designers switch from ADAS to a higher degree of autonomy, this sensor expands OmniVision’s ASIL-C viewing camera family with a higher 3MP resolution and cybersecurity standards.
- In November 2019, Teledyne e2v, a Teledyne Technologies company, announced the release of the Bora Time-of-Flight CMOS image sensor, which is designed for 3D detection and distance measurement in a variety of industrial applications including vision-driven logistics, robotics, and surveillance.
- In June 2019, Canon U.S.A. Inc., one of the leaders in digital imaging solutions, announced the development of a 3U3MRXSAAC, a 2.8-megapixel, 1/2.32-inch CMOS sensor designed for HDR imaging, by its parent company Canon Inc. HDR imaging produces high-quality images and can fulfill the high demands of dynamic illumination and harsh environments, which necessitate sensors capable of delivering high dynamic range (HDR) and high-quality images in extreme temperatures.
- In February 2019, Fujifilm launched the FUJIFILM X-T30, a new mirror-less digital camera. To achieve the best image quality, the camera has the fast X-Processor 4 image processing engine, as well as the X-T30 features, such as the 26.1MP X-Trans CMOS 4 sensor.
- In February 2017, Panasonic Corporation introduced a new technology that allows for electrical control of a pixel’s near-infrared (NIR) light sensitivity in an organic CMOS image sensor. To switch between color and NIR imaging modes frame by frame, this technology removes the need for a mechanical IR cut filter, which is required for conventional image sensors. This allows a camera device to be smaller while maintaining its robustness. As a result, it can be used in a variety of industries where quick and accurate inspection or recognition is needed, such as machine vision or intelligent transportation systems.
Global Organic CMOS Image Sensor Market, by Image Processing
By image processing, the market is bifurcated into 2D sensors and 3D sensors. In 2020, the 2D sensors segment accounted for the largest share of the global organic CMOS image sensor market. The 2D organic CMOS image sensors deliver high performance across many applications, including machine vision and automation, medical and life sciences, logistics, and robotics. Therefore, a 2D sensor has witnessed the highest growth by image processing segment. It offers high speed of operation, with high resolution, shutter type feature, and increased dynamic range (DB).
The 3D sensors segment is also expected to grow at a rapid pace over the forecast period. Data for 3D profiles can be obtained using camera algorithms and multiple cameras. Imaging devices with solid state and a vacuum tube are available. The increasing processing speed by 3D sensor is expected promote the growth of the organic CMOS image sensor market over the forecast period.
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Global Organic CMOS Image Sensor Market, by Array Type
By array type, the global organic CMOS image sensor market is classified into linear image sensors and area image sensors. The liner image sensor segment will account for the largest share of the global organic CMOS image sensor market over the forecast period.
A linear image sensor is an optical image component that transforms an optical image into an analogue signal line by line. For applications like copy scanning components, image scanner, reader bar code, scan camera, and grain color sorting, linear image sensor systems can be used. The other applications of these sensors include bank note recognition systems in bank, etc. The S10077 is the first linear CMOS image sensor of Hamamatsu with an inbuilt A/D converter that reduces the board size to a minimum for device designers.
Linear image sensors are being used in encoder, position detection and image reader, as they offer high-sensitivity, variable integration time function, small in-put terminal capacitance and max video data rate up to 10MHz,
Global Organic CMOS Image Sensor Market, by Application
By application, the global organic CMOgS image sensor market is categorized into 3D imaging, video, machine vision, biometrics, and others. The video segment accounted for the largest share of the global organic CMOS image sensor market over the forecast period. This growth is due to the fact that organic CMOS image sensors are mostly used for video applications in mobile devices cameras. Organic CMOS image sensor make the camera more lightweight, stable, and affordable, and are used in majority of new IP cameras.
Organic CMOS technology is improving, and it will soon be able to meet the demands of modern formats like 4K videos and advanced image processing functions that rely on the advantage of CMOS digital existence. For instance, OmniVision’s new 64MP image sensor has 0.8m pixels in a 1/1.7-inch format. For still image capture and 4K video output, the sensor has a type-2, 22 microlens phase detection autofocus. One of the output formats is 64MP at 15 frames per second (FPS).
Newer CMOS image sensors help ensure that video remains clear even at high resolutions or when objects move, which is essential for high-quality surveillance video. These image sensors are being used in both video surveillance systems and IP security cameras.
Global Organic CMOS Image Sensor Market, by Industry Verticals
By industry verticals, the global organic CMOS image sensor market is divided into consumer electronics, automotive, medical & life sciences, security & surveillance, robotics, and others (aerospace & defense, industrial). The consumer electronics segment accounted for the largest share of the global organic CMOS image sensor market over the forecast period.
The increased use of cameras with image sensors in smartphones around the world has benefited the consumer electronics industry. For smartphone manufacturers, the increasing popularity of smartphone photography has become one of the major considerations in using organic image sensors. These companies produce smartphones with up to five cameras in a single device. Organic CMOS image sensors can be found in a variety of devices, including smartphones, laptops, and digital single-lens reflex (DSLR) cameras.
The number of electronic devices that are widely used in consumer electronics are also comprised of communication systems, multimedia devices, information technology, and home appliances. Sensing devices have become cheaper and smaller in size, and they consume less power as a result of increased R&D, which presents a significant opportunity for industry participants.
Global Organic CMOS Image Sensor Market, by Region
Based on regions, the global organic CMOS image sensor market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. In 2020, the Asia Pacific accounted for the largest share of 35.9% in the global organic CMOS image sensor market.
The availability of low-cost labor as well as the establishment of manufacturing facilities by international companies, such as Samsung Electronics Co., Ltd., Sony Corporation, Xiaomi Corporation, Toshiba Corporation, Taiwan Semiconductor Manufacturing Co., Ltd, and Panasonic Corporation, are anticipated to enhance productivity in this region. Furthermore, in the near future, the market is expected to be driven by increasing population and smartphone penetration in the Asia Pacific countries. The region’s growing safety issues are driving the demand for organic CMOS image sensors in the automotive industry.
COVID-19 Impact on Global Organic CMOS Image Sensor Market
The QMI team is closely monitoring the impact of COVID-19 on the global organic CMOS image sensor industry, and it has been observed that the demand for organic CMOS image sensor is slowing down during the pandemic. However, starting in mid-2021, it is expected to grow at a sustainable rate. Many countries around the globe have imposed stringent lockdowns to prevent the pandemic from spreading, thereby hampering the business operations.
The demand for and supply of raw materials and product manufacturing and distribution have been completely disrupted due to the shutdown of the marketplace. Among various industries, transportation, aviation, oil and gas, and electronic industries have suffered huge financial losses. This has created reduced demand for several products and components, and organic CMOS image sensors are one of them. In this report, all these aspects have been examined closely.
Major Findings of the Global Organic CMOS Image Sensor Market Report Include:
- Major global market trend and forecasts analysis along with a country-specific market analysis for up to 25 countries
- An in-depth global organic CMOS image sensor market analysis by the aforementioned segments, along with an analysis of trend-based insights and factors
- Profiles of major market players operating in the global organic CMOS image sensor market, which include Fujifilm Holdings Corporation, Panasonic Corporation, Sony Corporation, Teledyne Technologies Inc, Samsung Electronics Co., Ltd, Siemens AG, Taiwan Semiconductor Manufacturing Co., Ltd, Canon Inc., AMS AG, Omnivision Technologies, Inc, Xenics NV, and Nikkoia SAS.
- Competitive benchmarking, product offering details, and growth strategies adopted by the leading market players, along with their major investments in the last five years
- Key impact factor analysis across regions that includes analysis, along with the drivers, restraints, opportunities, and challenges that are prevailing in the global organic CMOS image sensor market.
- Impact of COVID-19 on the global organic CMOS image sensor market
Browse key industry insights spread across 130 pages with 93 market data tables and 80 figures and charts from the report, “Global Organic CMOS Image Sensor Market, By Image Processing (2D Sensors, 3D Sensors), By Array Type (Linear Image Sensors, Area Image Sensors), By Industry Verticals (Consumer Electronics, Automotive, Medical & Life Sciences, Security & Surveillance, Robotics, Others), By Application (3D Imaging, Video, Machine vision, Biometrics, others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size and Forecasting (2017–2028)” in depth analysis along with the table of contents (ToC).
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Artificial Intelligence
Simplilearn and Degreed Collaborate to Transform Workforce Development with AI-Enhanced Learning
SAN FRANCISCO, Oct. 2, 2024 /PRNewswire/ — Simplilearn, the world’s leading digital skills training provider, and Degreed, the innovative learning platform, today announced their strategic partnership to offer premier educational content and platform solutions that drive skills-based learning. This collaboration introduces Simplilearn as one of the first to join Degreed’s AI-Ready partner category, integrating Simplilearn’s extensive educational offerings with Degreed’s advanced learning solutions to deliver transformative learning experiences for individuals and enterprises.
Simplilearn has been at the forefront of digital skills training for over a decade, supporting professionals and organizations worldwide with holistic learning experiences that are instructor-led and hands-on. Their comprehensive range of high-quality courses in artificial intelligence, machine learning, cloud computing, data science, and digital marketing is now seamlessly integrated into the Degreed platform. This AI-powered integration equips Learning & Development (L&D) professionals with a more targeted curation experience, simplifying the creation of personalized learning plans and development pathways tailored to the evolving needs of their teams and organizations.
As technology rapidly transforms industries and reshapes job roles, the demand for advanced, practical training is at an all-time high. Degreed’s ‘AI-Ready’ partner category makes it easier for customers to discover, organize, and access relevant learning materials. Through this partnership, a comprehensive suite of courses and resources is more easily discoverable, empowering individuals and organizations to upskill and stay competitive in the fast-evolving tech landscape.
Leveraging AI, the platform will offer personalized course recommendations based on each learner’s background and experience. This intelligent approach ensures that training is relevant and aligned with individual career goals and organizational needs. Additionally, the collaboration offers access to over 700 live classes each month, keeping teams updated with the latest industry trends and technological advancements. Complementing these live sessions are more than 500 courses and role-based learning paths covering essential areas such as AI, cybersecurity, data science, and machine learning.
Mr. Krishna Kumar, Founder and CEO, Simplilearn, said, “Partnering with Degreed represents a pivotal moment in our journey at Simplilearn. This collaboration underscores our commitment to harnessing cutting-edge technology and tailored learning experiences. By integrating Degreed’s advanced AI capabilities with our industry-leading programs, we are poised to redefine how individuals and organizations approach skill development, ensuring a more agile and role-ready workforce.”
Mr. Max Wessel, co-CEO of Degreed, said, “Our partnership with Simplilearn shows our dedication to equipping professionals with the most relevant skills for today’s fast-paced technology landscape. By using AI to power the integration of Simplilearn’s top-tier courses into Degreed, we enhance our ability to offer personalized, precise, and high-impact learning experiences – helping organizations turn the talent they have into the talent they need.”
About Degreed:
Degreed is the enterprise learning company, offering the world’s leading experience platform to drive skill driven development. Degreed enables organizations to collect, understand, and build skills to develop a workforce that’s ready for anything. To learn more about Degreed, visit www.degreed.com.
About Simplilearn:
Founded in 2010 and based in San Francisco, California, and Bangalore, India, Simplilearn, a Blackstone portfolio company, is the world’s leading digital skills provider, enabling learners across the globe. Simplilearn offers access to world-class work-ready training to individuals and businesses worldwide. Simplilearn offers 1,500+ live classes each month across 150+ countries, impacting over 8 million learners globally. The programs are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn’s role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or business goals.
For more information, please visit www.simplilearn.com/
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Artificial Intelligence
Multinational Auto Manufacturer to Insource Service Operations with 3CLogic’s Integrated AI and Contact Center Solution for ServiceNow CSM and ITSM
Leading conglomerate selects 3CLogic’s CCaaS offering, purpose-built for ServiceNow CSM and ITSM, as it insources service desk operations to streamline workflows and save millions in operating costs.
ROCKVILLE, Md., Oct. 2, 2024 /PRNewswire/ — 3CLogic, the leading AI and cloud contact center solution for ServiceNow®, today announced the integration of its AI and CCaaS capabilities by a leading auto manufacturer as it seeks to optimize its service desk operations. Leveraging the company’s existing investment in ServiceNow IT Service Management (ITSM) and Customer Service Management (CSM), the collaboration is expected to enhance productivity, improve issue resolution, and significantly reduce operating expenses.
Manufacturing tens of millions of vehicles and equipment annually, supported by a vast network of over 150,000 associates and affiliates, the organization faced challenges due to the limited insights and services provided by its outsourced contact center. Among the most impactful was the lack of integration to its back-office ServiceNow IT and Customer workflows, where the siloed structure negatively impacted the organization’s visibility into performance, process improvements, and service speed.
“We are delighted to support this strategic initiative,” explains Denis Seynhaeve, CEO at 3CLogic. “This is yet another example of a large enterprise organization eager to reclaim ownership of its internal and external support services to enable better experiences through automation, simplification of its technology stack, and tactical use of AI for better insights.”
3CLogic’s integrated AI and contact center solution with ServiceNow CSM and ITSM will deliver a number of capabilities, including AI-powered call transcription and sentiment analysis, automated agent performance and coaching, after-hours voicemail transcription, integrated SMS alerts & notifications, and consolidated reporting with ServiceNow’s native performance analytics. The insourcing of services and process efficiencies are expected to generate approximately $2.6 million in ROI within the first three years of deployment. In addition, the organization is exploring the consolidation of its HR service delivery to unify its operations further.
As the first and only ServiceNow-certified Advanced Platform CCaaS partner, 3CLogic displays a unique approach to streamlined employee and customer workflows for ServiceNow and is expected to discuss its latest AI and contact center capabilities for ServiceNow ITSM, CSM, HRSD, and source-to-pay at the upcoming World Forums in Dallas, TX, on October 8th, 2024, in Munich, Germany, on October 23rd, 2024, and in New York City, NY, on November 7th, 2024.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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Artificial Intelligence
Life Science Analytics Market to Hit USD 61.94 Billion by 2029 with 11.7% CAGR | MarketsandMarkets™
DELRAY BEACH, Fla., Oct. 2, 2024 /PRNewswire/ — The global life science analytics market is projected to grow from USD 35.69 billion in 2024 to USD 61.94 billion by 2029, at a robust CAGR of 11.7%. Key drivers include advancements in analytical technologies that streamline data management and enhance insights from diverse sources like clinical trials and electronic health records, alongside rising demands for precision medicine. However, challenges such as data privacy concerns and a shortage of skilled professionals hinder progress. Noteworthy collaborations, like those between TetraScience and Databricks, exemplify the trend towards leveraging AI for improved outcomes in drug development and clinical trials. North America leads the market, fueled by high healthcare expenditure and a focus on innovation, while descriptive analytics currently dominates the market segments. Overall, the life science analytics landscape is evolving rapidly, presenting both opportunities and challenges that stakeholders must navigate to enhance research and operational efficiencies.
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Browse in-depth TOC on “Life Science Analytics Market”
455 – Tables54 – Figures385 – Pages
Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing life science analytics by enabling advanced data analysis, pattern recognition, and predictive modeling, which are crucial for enhancing drug discovery, clinical trials, and personalized medicine. Companies are investing in leveraging AI & ML across their product lifecycles. In February 2024, Trinity Life Sciences launched Brand Insights AI, a new tool designed to enhance biopharmaceutical brand research by ingesting data from various sources, accelerating analysis, and revealing hidden patterns. This powerful tool leverages Trinity’s AI expertise to refine insights and optimize the use of existing information, supporting impactful and efficient research across the pharmaceutical commercialization spectrum.
The global life science analytics market is segmented into descriptive, prescriptive, and predictive analytics, by type. The prescriptive analytics segmented is expected to register highest growth during the forecast period. The high growth of this market is. driven by its ability to offer actionable recommendations, optimize decision-making, and streamline complex processes such as clinical trial management and personalized medicine. Its advanced predictive capabilities help stakeholders minimize risks, enhance treatment outcomes, and improve operational efficiency. Additionally, the excrubating demand for precision medicine and real-time data-driven strategies further fuels its adoption.
The life science analytics market is divided into services, and software, by component. In 2023, the largest share of life science analytics market belonged to the services segment. The high adoption of life science analytics services over software is driven by the need for specialized expertise and tailored solutions that go beyond the capabilities of standalone software. Increased security, improved cost effectiveness, better usability & flexibility, and improved integration capabilities of services are a few factors impacting market growth. Moreover, the escalating user base and changing needs of companies looking for all-inclusive solutions and support, coupled with the adoption of life science analytics software, generate demand for a range of services, including modification, implementation, and consulting.
The surging adoption of advanced analytics in commercial operations within the life sciences sector is revolutionizing how companies cultivate market strategies & enhance business performance to optimize product launches by providing insights into market trends, competitive landscapes, and customer preferences. Companies are leveraging various organic & inorganic strategies to expand their offerings in commercial operations. For instance, in April 2024, IQVIA and Salesforce expanded their global strategic partnership to accelerate the development of Salesforce’s Life Sciences Cloud, a next-generation customer engagement platform. This collaboration will combine IQVIA’s Orchestrated Customer Engagement (OCE) platform with Salesforce’s CRM, offering an end-to-end solution for transforming healthcare professional and patient engagement in the life sciences industry.
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The prominent players operating in the Life science analytics market include Oracle (US), Merative (formerly IBM) (US), SAS Institute (US), Accenture (Ireland), IQVIA (US), Cognizant (US), Wipro (India), Veradigm (US), Optum (US), Microsoft (US), MaxisIT (US), ExlService Holdings (US), Inovalon (US), CitiusTech (US), Saama (US), Axtria (US), Clarivate (UK), ThoughtSphere (US), ThoughtSpot (US), Salesforce (US), Google LLC (US), Amazon Web Services, Inc. (US), Veeva Systems (US), Elsevier (Netherlands), and Komodo Health, Inc. (US). These companies adopted strategies such as product launches, product updates, expansions, partnerships, collaborations, mergers and acquisitions to strengthen their market presence in the life science analytics market.
These players not only have a comprehensive and diverse product portfolio but also a strong geographic presence. Owing to the emergence of new application areas for life science analytics, these players can focus on technologies and offerings dedicated towards research & development, commercial operations, safety, etc.
These market players have offered a diverse range of products and services and have operations worldwide. They rely on technological advancements to avail themselves of innovative products and services and increase their global footprint. These players focus on acquisitions, collaborations, agreements, mergers, product launches & updates, partnerships, expansions, and other recent developments to expand their global reach and develop advanced life science analytics solutions.
Oracle (US) is one of the leading life science analytics companies across the globe. The company provides analytics software & services for various applications including research & development, commercialization, among others. The company focuses on continuously updating its products and meeting customer expectations. Oracle also continuously invests in expanding its solutions by partnerships & collaborations to provide tailored solutions to its end users. For instance, in February 2024, Oracle partnered with ObvioHealth, Inc. to integrate diverse data in decentralized clinical trials and analyze health data from several sources for clinical trials anywhere globally. The company holds a broad customer base and a wide geographic presence, making Oracle as a critical player in various IT software, hardware, and service-related markets, including the life science analytics market.
Merative (US) is one of the prominent players operating in the life science analytics market. Merative offers a comprehensive suite of informatics products and services for life science analytics. The company leverages advanced technologies such as artificial intelligence (AI), machine learning (ML), and other technologies to strengthen the accuracy and efficiency of evidence analysis. The company has a strong brand recognition and extensive product portfolio that has contributed to its success. The company serves life science systems, clinical trial sponsors, and medical device manufacturing industries. The company has established offices across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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