At What CAGR is the Organic CMOS Image Sensor Market Projected to Grow During the Forecast Period? Prominent Players: Panasonic Corporation, Fujifilm Holdings Corporation, Sony Corporation

Organic CMOS Image Sensor is a modern image sensor technology that combines large dynamic range with high sensitivity to capture a clear image with vibrant colors and rich textures even in low-light conditions. Organic CMOS image sensors employ an organic photoelectric conversion layer with a high photoelectric conversion property, which outperforms traditional image sensors by increasing the number of pixels and allowing for higher resolution images.

In 2020, the global organic CMOS image sensor market was estimated at USD 1,249.3 million, with a CAGR of 18.7% expected to reach USD 4,921.5 million by 2028. However, as a result of COVID-19, the market size has shrunk to USD 1,086.7 million in 2020, with a CAGR of 12.2 percent due to reach USD 2,723.8 million by 2028.

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The organic CMOS image sensor's high photoelectric conversion property, improved low-light efficiency, and richer colors and textures drive market development. In addition, new innovations such as 8K resolution and global shutter technology are helping to propel the industry forward. However, excessive heat generation in organic sensor technology may restrain this market growth.

Growth Drivers that Support the Global Organic CMOS Image Sensor Market:

• By image processing, the 2D sensors segment accounted for the largest share of the global organic CMOS image sensor market in 2020. In many applications, the 2D organic CMOS image sensors offer high performance. It is also used in medical and life sciences, machine vision and automation, robotics, and logistics. Therefore, the segment is anticipated to achieve the highest growth over the forecast period.

• By array type, the liner image sensor segment is to account for the largest share of the global organic CMOS image sensor market over the forecast period. Linear image sensors are appropriate for applications such as image scanners, scanning components, and barcode readers.

• By application, the video segment accounted for the largest share of the global organic CMOS image sensor market. This growth can be mainly attributed to the fact that organic CMOS image sensors are mostly used for video applications in mobile devices cameras.

• By industry verticals, the consumer electronics segment will account for the largest share of the global organic CMOS image sensor market over the forecast period. The consumer electronics has high demand for cameras with image sensors. Cameras are used in many smart devices.

• The market is expected to be driven by increasing population and smartphone penetration in Asia Pacific countries. The region's growing safety issues are driving the demand for organic CMOS image sensors in the automotive industry.

Recent Developments in the Global Organic CMOS Image Sensor Market:

• In January 2021, OmniVision Technologies, Inc., a leading manufacturer of innovative digital imaging solutions, has unveiled the OX03F10 automotive image sensor at CES.

• In November 2019, Teledyne e2v, a Teledyne Technologies company has announced the release of the Bora Time-of-Flight CMOS image sensor

Major companies functioning in the global organic CMOS image sensor market are Panasonic Corporation, Fujifilm Holdings Corporation, Sony Corporation, Samsung Electronics Co., Ltd, Teledyne Technologies Inc., Siemens AG, Canon Inc., Taiwan Semiconductor Manufacturing Co., Ltd, AMS AG, Xenics NV, Omnivision Technologies, Inc., and Nikkoia SAS.

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The Global Organic CMOS Image Sensor Market Report's Objective:

• The main goal of this report is for its readers to be able to comprehend the entire scenario of the global market. It provides an overview of the industry, including segmentation, market opportunities, influential trends, and challenges.

• To provide a concise overview of key competitors in order to conduct a competitive analysis and gain a better understanding of the Global Organic CMOS Image Sensor market.

• To conduct a competitive analysis of each submarket's individual growth pattern and contribution to the Global Organic CMOS Image Sensor market.

• To include comprehensive profiles of key players, as well as geographic insight and a focus on the markets key emerging opportunities and challenges.

• Analyze competitive trends in the Global Organic CMOS Image Sensor industry, such as market extensions, partnerships, new product releases, and acquisitions.

FAQ for Global Organic CMOS Image Sensor Market:

1. How big is the Global Organic CMOS Image Sensor market?
2. Which segment accounted for the largest Global Organic CMOS Image Sensor market share?
3. What is the Global Organic CMOS Image Sensor market growth?
4. What are the factors driving the Global Organic CMOS Image Sensor market?
5. Who are the key players in the Global Organic CMOS Image Sensor market?

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