Image Sensor Market Snapshot: $29 Billion
By Mat Dirjish
As we have become and image- and video-centric world, it should come as no surprise that the market for image sensors is booming. From instruction manuals that now contain images instead words to all those people who believe every event requires chronicling either by smartphone photo or video, image sensors make it all happen. And image sensors are finding employment in every application from consumer to military and medical.
Research firm Fortune Business Insights says the image sensor market will snag $29.99 billion by 2026, proceeding at a CAGR of 8.4% by 2026. The researchers see the rise in sales of smartphones and other consumer products as well as ADAS and other autonomous-vehicle technologies as prime growth drivers.
The company’s report titled, “Image Sensor Market Size, Share & Industry Analysis, By Technology, By Processing Type, By Application, and Regional Forecast, 2019-2026” foresees:
- Rising popularity of CMOS image sensor technology will add impetus to the market.
- Asia Pacific will continue dominance due to the presence of large scale companies.
- Collaboration between market players will increase popularity of imaging sensors
- Major OEMS in the image sensor market include Omni Vision Technologies Inc., ams AG, Sharp Corporation, Panasonic Corporation, Canon, Inc., SK Hynix, Inc., Sony Corporation, ON Semiconductor Corporation, PMD Technologies AG, Galaxy Core, Inc., STMicroelectronics N.V., Hamamatsu Photonics K.K, Samsung Electronics Co. Ltd., Infineon Technologies AG, and Pixel plus
Get the big picture of the image sensor market by requesting a sample copy of the “Image Sensor Market Size” report. And to stay ahead of the wave of new image sensors and applications, sign up for Sensors Daily Newsletters. It’s free, fast, and incredibly easy.
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