Press release
Image Sensor Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
The report "Image Sensor Market with COVID-19 Impact Analysis by Technology (CMOS Image Sensors), Processing Technique (3D Image Sensors), Spectrum, Array Type, Resolutions End User (Automotive, Consumer Electronics), and Geography - Global Forecast to 2025"According to the new research report the global image sensor market is expected to reach USD 28.0 billion by 2025 from an estimated USD 18.5 billion in 2020, at a CAGR of 8.6% from 2020 to 2025. Increased adoption of image sensor cameras in autonomous vehicles expected to create lucrative opportunities for the growth of image sensor manufacturers in near future.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=601
By end user, consumer electronics segment to hold largest share of image sensor market in 2025
Increased use of cameras equipped with image sensors in smartphones across the world. The growing focus of consumers on smartphone photography has become one of the essential factors to be taken into consideration by smartphone manufacturers. These factors are some of the key driving factors for the growth of consumer electronics segment of image sensor market in the coming years
2D image sensors segment captured largets share of image sensor market in 2020
In 2020, the 2D image sensors segment accounted for a larger size of the image sensor market than the 3D image sensors segment. The key factor contributing to the growth of the 2D image sensors segment is the increased adoption of these sensors in consumer electronics, automotive, industrial, and medical applications.
Asia Pacific region to hold largest share of Image sensor market in 2025
Asia Pacific expected to hold the largest share of the overall image sensor market in 2025. Also, the region is expected to grow at the highest CAGR during the forecast period. The growth of the market in APAC can be attributed to the presence of some of the major smartphone manufacturers including Samsung Electronics Co., Ltd. (South Korea); Sony Corporation (Japan); Xiaomi Corporation (China); One Plus Technology Co., Ltd. (China); Realme (China); Huawei Technologies Co., Ltd. (China) etc. These smartphone manufacturers are highly focuses on for the deployment of technological advanced image sensors in their new series of smartphones, which anticipated to created lucrative opportunities for image sensor manufcaturers in the region.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=601
Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), OmniVision Technologies, Inc. (US), STMicroelectronics (Switzerland), ON Semiconductor Corporation (US), Panasonic Corporation (Japan), Canon Inc. (Japan), SK hynix Inc. (South Korea), PixArt Imaging Inc. (Taiwan), and Hamamatsu Photonics K.K. (Japan) are some of the key players in the image sensor market.
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