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Image Sensor Market 2021 Key Performance, Top Players, Segmentation, Future Plans and Forecast to 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Image Sensor Market Share Analysis with Demand Status 2021 for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Image Sensor Market Share Analysis with Demand Status 2021 products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023

Image sensors are sensors used for converting optical images into electronic signals. Adoption of smartphones and dual camera mobiles is increasing at a higher pace owing to the decrease in prices and technical advancements. Smartphones have gained increased popularity owing to its features like producing high quality images and videos. Due to rapid changes in technology, analog tends to be replaced by digital. Sony Corporation is one of the dominant vendors in the smartphones image sensors market. Today mobile devices have the largest application of image sensors. The image sensors used in these devices improve the efficiency of them and prove to be extremely beneficial to the users.


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A substantial variety of medical applications make use of image sensors like endoscopy, thorax x-ray, dental x-ray, mammography etc. Image sensors are used to improve light sensitivity in cameras and to check displays. This helps in applications that involve medical imaging. Image sensors provide image sensitivity and reliability, which makes it suitable for medical applications. Image sensors prove to be very useful in the medical endoscopy application where imaging needs to be crisp and sensitive. Endoscopy is done using the CMOS image sensors. These sensors help in creating designs to meet increasing surgical demands like higher resolution, 3D imaging and precision manipulation.

High costs of maintenance of image sensors is one major factor causing hindrance in the growth of image sensor market. Owing to the complex circuits of CCD and CMOS, it requires care in handling that involves high maintenance cost. This could be a major factor that could hamper the growth of image sensor market.

Image sensors market will have great growth prospects in the future owing to the increasing innovations. With the technologies like CMOS and CCD, the applications of image sensors have increased considerably. They provide great digital interface with low power consumption and hence prove to be very beneficial to the consumers.
The global image sensor market is expected to grow approximately at USD 19,615.5 Million by 2023, approx. 13.89% of CAGR between 2017 and 2023.

Key Players

The key players of image sensor market includes Sony Corporation (Japan), Samsung Electronics (South Korea), Panasonic Corporation (Japan), ON Semiconductor (U.S.), Canon, Inc. (Japan), Toshiba Corporation (Japan), Galaxy Core Inc. (China), SK Hynix, Inc. (South Korea), PixArt Imaging, Inc. (U.S.), OmniVision Technologies, Inc. (U.S.), Teledyne Technologies, Inc. (U.S.) and others.


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Global Image Sensor Market Analysis & Forecast, from 2017 to 2023

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the image sensor market.
• To provide insights about factors affecting the market growth.
• To analyze the image sensor market based on porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment on the basis of technology, optical format, linearity, spectrum and application.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the image sensor market.

Target Audience

• Investors and consultants
• System Integrators
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers
• Original Equipment Manufacturers

Key Findings

• The global image sensor market is expected to reach USD 19,615.5 Million by 2023.
• By Technology, CMOS sub segment in image sensor market accounts for the largest market share and is growing with approximately ~15% CAGR during forecast period.
• By Optical Format, 1/3.9 to 1/2 Inch segment holds the largest market growing with approximately 16% CAGR by the end of forecast period.
• By Linearity, non-linear sub segment holds the largest market share and is growing with approximately 16% CAGR by the end of forecast period.
• By Spectrum, visible spectrum sub segment holds the largest market share and is growing with approximately 14% CAGR by the end of forecast period.
• By Application, consumer electronics sub segment holds the largest market share and is growing with approximately 15% CAGR by the end of forecast period.
• Geographically, Asia-Pacific region has been projected to have the largest market share in global image sensor market followed by North America region, while Europe ranks third in the image sensor market.

Regional and Country Analysis of Image Sensor Market Estimation and Forecast
Image sensor market is growing with the positive growth in all the regions. Increasing application areas year on year and advancement in technology and integration is driving the market on global scale. On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific is dominating the global image sensor market share followed by North America which stands as the second biggest market due to the heavy demand from various industry verticals whereas, Europe stands as third biggest market.


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The reports also cover country level analysis:
• North America
o US
o Canada
o Mexico
o Others
• Europe
o Germany
o UK
o France
o Rest of the Europe
• Asia – Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World

About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.

Contact Us

Kenneth Research
Email:Sales@kennethresearch.com
Phone:+1 313 462 0609

Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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