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Image Sensors Market Worth Over USD 55.8 Billion by 2032, At CAGR 8.1%

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New York, March 14, 2023 (GLOBE NEWSWIRE) — The global image sensors market size was valued at around USD 26.1 billion in 2022 and is estimated to be worth approximately USD 55.8 billion in 2032, growing at a CAGR of slightly above 8.1% between 2023 and 2032. Rising security spending across public places worldwide and technology designed to enhance anti-terror equipment. It also reduces security breaches and is anticipated to drive this sector of the industry.

The industry is expected to experience strong growth due to a marked surge in smartphone usage among Generation Z. Consumers have access to enhanced HDR, optical zoom, and low-light photography capabilities. This is due to multiple cameras being integrated into one smartphone device. Switch between landscape and portrait modes for 3D imaging. Sensors are the main driving force in the semiconductor market. Thanks to technological advances and novel application areas, sensors have become more essential.

global image sensor market

Get additional highlights on major revenue-generating segments, Request a global image sensors market sample report at https://market.us/report/image-sensors-market/request-sample/

Key Takeaway:

  • By Type, 2022, the 2D segment has generated the highest revenue in the Global Image Sensors Market share in 2022.
  • By Application, the Automotive Sector segment is dominating the market and it is growing at a significant rate over the forecast period 2023 to 2032.
  • In 2022, Asia-Pacific Region dominated the market with the highest revenue share of 41%.
  • Europe Region has held the second position in revenue share in 2022.
  • Europe will grow at a significant rate from 2023-2032.

Sensors are becoming an integral part of modern vehicles, Advanced Driver Assistance Systems, cutting-edge medical devices, and automated production technologies. Sensors are also becoming more affordable, robust, precise, specific, frequent smarter, and communicative. This will make them more attractive for deployment in the future smart infrastructure. Because of its superior image quality and sensitivity, Charge-Coupled Devices (CCD) technology was the dominant technology in the early days.

CMOS image sensors have outperformed CCD image sensors in terms of volume of shipment since 2004 due to many technological advancements. CCD sensors are made with high-voltage analog circuitry. CMOS sensors, however, use less power and have smaller dimensions than CCDs. CCD is preferred over CMOS and generates more revenue for the growth of the image sensors market.

Factors affecting the growth of the Image Sensors industry

There are several factors that can affect the growth of the Image Sensors market industry. Some of these factors include:

  • Rising Demand for Multiple Cameras: The rise in the demand for Multiple cameras in a single smartphone is a factor for the market growth.
  • Increase In Autonomous features: Increase in autonomous features in commercial vehicles is expected to develop rapidly over the coming years.
  • Low Manufacturing cost: Due to its lower manufacturing cost and improved image quality, CMOS image sensor technology gained popularity and eventually drives the market.
  • ADAS Sensors features: The ADAS sensor includes Airbags, Rain, Tire, Ultrasound, and much more which provides safety to the vehicles.

To understand how our image sensors market report can bring a difference to your business strategy, Inquire about a brochure at https://market.us/report/image-sensors-market/#inquiry

Top Trends in Global Image Sensors Market

Many vendors are now adopting CMOS image sensor technology. This is signaling its rapid spread into low-cost camera designs. Though CCD sensors often get compared to CMOS for image quality at the same price point, CMOS sensors are becoming increasingly popular. This is especially true in low-cost consumer markets due to their on-chip functionality. These markets are expanding in consumer electronics, automotive security, surveillance, and other areas.

Consumer electronics has seen an uptick in demand for smartphones with integrated rear and front-facing cameras. Autonomous vehicles and the enhanced driver safety that ADAS has enabled propel the growth of the automotive industry. Because CMOS images can be utilized in security applications in low light, dark, or dim lighting conditions, demand for these sensors has grown.

Sony Corporation of Japan dominates the CMOS sensor market. It also developed and commercialized CMOS sensors for automotive cameras. To increase its production capacity of stacked CMOS image sensors, Sony invested USD 895 million (105 billion JPY).

SmartSens is a leading manufacturer of CMOS image sensors. They unveiled the SC550XS in March 2022 – an ultra-high resolution 50MP image sensor with a 1.0 m pixel size. This new product utilizes SmartSens’ proprietary technologies like SmartClarity-2, SFCPixel, and PixGainHDR technology for superior picture quality. It also utilizes the 22nm HKMG Stack process, providing outstanding imaging performance.

Many international start-ups place great importance on product innovation in the market. Metalenz, which develops meta-optic lens technology, unveiled a new technology in February 2022. It allows polarization sensing capabilities to be embedded into mobile and consumer devices. While eventually improving healthcare management features.

Market Growth

The market for image sensors has seen a tremendous expansion with the rise of smartphone cameras. Nowadays, most smartphone rear cameras use high-resolution image sensors. Along with that it also has features like standard/main, telephoto, periscope zoom, ultra-wide, monochrome, depth sensor, 3D TOF sensor, and macro photography. Furthermore, global smartphone adoption rates and the growing popularity of smartphone photography have contributed to an uptick in demand for image sensors globally.

Regional Analysis

Europe will experience an uptick in the use of image sensors as more people invest in smartphones and camera modules. This fuels the market growth over the coming years. The rapid adoption of cutting-edge technologies in the region has made advanced imaging solutions increasingly sought after. These sensors and their products are utilized by healthcare, consumer electronics, and automotive sectors alike.

The Middle East and Africa (MEA) market is anticipated to experience steady growth over the forecast period. This is due to the increasing adoption of advanced driver assistance systems (ADASs) within the region and stringent safety regulations.

In 2022, Asia Pacific (APAC) generated the highest revenue share in the image sensors market. This trend is expected to persist throughout the forecast period. The presence of key market leaders in Asia-Pacific and the rapid expansion of the semiconductor industry have further fuelled this sector’s rapid expansion.

The Asia-Pacific image sensors market has seen significant growth due to a large customer base. It includes key players such as Sony Corporation. The market will continue to be driven by infrastructure developments and the increasing popularity of smartphones and digital services in APAC countries.

Competitive Landscape

The top players in the imaging sensor market share are Sony Corporation, Samsung Electronics Co. Ltd., ON Semiconductor Corporation, and STMicroelectronics Co. Ltd.

Image sensor manufacturers are continuously refining their products to deliver better, more robust, and more detailed sensing at lower costs. Time-Of-Fight technology (TOF) for 3D sensing has become the leading innovation in this space.

The industry prefers CMOS technology due to its low power consumption, higher sensitivity, and compact size. Due to the rapid growth of this sector, many key players are contributing towards developing image sensors for high-quality camera modules, drones, CCTV cameras, and smartphones.

Major players are developing 3D depth sensors for applications such as augmented reality, face authentication, and enhanced photo functions. These sensors use precise 3D data. The future growth of the image sensors market will be driven by its integration into machine vision and industrial automation applications as well as advances in 3D imaging sensing technologies used for ADAS, automotive visualization, and other uses. Furthermore, key players are developing innovative optical diagnostic and monitoring equipment with these new imaging technologies.

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Scope of the Report

Report Attribute Details
Market Value (2022) USD 26.1 Billion
Market Size (2032) USD 55.8 Billion
CAGR (from 2023 to 2032) 8.1%
Aisa-Pacific Revenue Share 41.0%
Europe Revenue Share 24%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers

The modern automotive industry is growing rapidly by adopting machine vision, asset management, artificial Intelligence, and other innovative technologies. The advanced driver assistant system, which includes 360-degree vision, antilock brakes, lane departure warnings, electronic stability control, and traction control, is rapidly gaining popularity. ADAS infrastructure’s machine-vision technology makes extensive use of image sensors. ADAS technology has given a boost to the idea of autonomous or driverless automobiles. These new ideas are expected to make a significant contribution during the forecast period to the increase in demand for image sensors and the adoption of image sensors.

CCD image sensor technology is in decline, but CMOS image sensors are gaining acceptance due to their smaller size and increased sensitivity. CMOS image sensor technology has gained popularity due to its lower manufacturing costs and better image quality. As advanced imaging technologies and CMOS infrastructure develop, the market for image sensors will grow. Sony Corporation’s 2018 BSI CMOS sensor has been widely used due to its high-resolution image quality. The image sensors market is seeing an increase in revenue as more people use CMOS imaging cameras.

Market Restraints

LiDAR systems require sophisticated systems to quickly determine distance change. These systems are much more precise and accurate than image sensor cameras. However, they consume a lot of energy, don’t work in bad weather, and are very heavy and expensive. Despite all these limitations, automotive manufacturers still prefer LiDAR to image sensor camera systems. Because of the easy availability of light detection and range (LiDAR), solutions for autonomous vehicles, the image sensors market is slowing.

Market Opportunities

Image sensors are revolutionizing technology to enhance picture quality. They also aim to decrease noise and increase pixel density. They will soon be utilized in robotic surgery and surgical navigation systems.  They contain features like depth sensing, which is an added bonus. With so many innovations made possible by ecosystem players, image sensors have even greater growth prospects going forward. 23 product launches were reported starting in January 2022 by some of the major players within this market alone.

Grow your profit margin with Market.us – Purchase This Premium Image Sensors Market Report at https://market.us/purchase-report/?report_id=12777

Report Segmentation of the Image Sensors Market

Type Insight

Image sensors markets can be divided into two categories according to their processing type: sensors with 2D technology and sensors with 3D capabilities.

At present, two-dimensional technology is increasingly popular on the market. Machine vision and computer vision experts predict the 3D image sensors market to be one of the largest markets over the coming years. Time-of-Fight (TOF) technology focuses on depth sensing within three dimensions. 3D image processing enables precise and dependable depth sensing in various contexts. Infineon Technologies AG is a 3D biometric identification company that creates 3D imaging sensors for 3D scanning, hand gesture, and body tracking recognition.

Omni Vision Technologies Inc. on the other hand is developing machine visualization of 3D imagery for automotive applications. This will aid in developing new technologies. The image sensors market will continue to expand with the advent of 3D computational photography and smartphone AR applications.

Application Insight

The automotive sector will reap financial benefits from the image sensors market. CMOS sensors are expected to dominate this space, as they become increasingly integrated into automobiles for the safety and protection of drivers and passengers alike.

With ADAS (Automotive Driver Assistance Systems), demand for automotive image sensors is on the rise. Numerous chip manufacturers are creating cutting-edge solutions tailored to address their service and security requirements.

For more insights on the historical and Forecast market data from 2016 to 2032 – download a sample report at https://market.us/report/image-sensors-market/request-sample/

Market Segmentation

By Type

By Application

  • Consumer Electronics
  • Aerospace and Defense
  • Industrial Robot
  • Automotive
  • Healthcare
  • Surveillance and Security
  • Others

By Geography

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Key Market Players

  • AMS AG.
  • Canon, Inc.
  • Galaxy Core, Inc.
  • Hamamatsu Photonics K.K
  • Infineon Technologies AG
  • ON Semiconductor Corporation
  • OmniVision Technologies Inc.
  • Panasonic Corporation
  • PMD Technologies AG
  • Pixel Plus
  • Sony Corporation
  • Samsung Electronics Co. Ltd.
  • STMicroelectronics N.V.
  • SK Hynix, Inc.
  • Sharp Corporation
  • Other Key Players

Recent Development of the Image Sensors Market

  • In February 2022, Realme has announced that the 9 Pro Series equipped with the Sony IMX766 image sensors will be available in Europe. The smartphone’s sensor is extremely large at 1/1.56″ in size. A large area of pixels and optical image stability (OIS) allows it to take outstanding pictures. It also features an aperture of 0.88 which allows users to easily take clear photos from far away.
  • In January 2022, Sony Interactive Entertainment LLC (SIE), bought Bungie, Inc. Bungie, Inc. They were an independent videogame developer that has been a partner with SIE for many years. They have helped to develop some of the most beloved videogame franchises, like Halo and Destiny. Because SIE has access to Bungie’s technical expertise and world-class live games, this acquisition will increase SIE’s ability to reach billions of gamers.

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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