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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.
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- 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.
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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.
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.
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.
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
|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|
|Forecast Year||2023 to 2032|
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.
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.
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.
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Report Segmentation of the Image Sensors Market
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.
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.
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- Consumer Electronics
- Aerospace and Defense
- Industrial Robot
- Surveillance and Security
- North America
- The US
- Western Europe
- The UK
- Rest of Western Europe
- Eastern Europe
- The Czech Republic
- Rest of Eastern Europe
- South Korea
- Australia & New Zealand
- Rest of APAC
- Latin America
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- 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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Cisco Doubles Down on Network Assurance with AWS
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.
With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey.
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research
The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.
Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players.
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Report coverage & details:
Market Size in 2022
Market Size in 2032
No. of Pages in Report
Component, Deployment Mode, Enterprise Size Industry, and Region.
Growing demand for AI-based solutions
The rising need for intelligent business processes
Advancements in big data analytics.
The availability of high-performance computing systems.
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
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The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment.
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue. The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
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Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers
WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.
Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at idbs.com.
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