Increased number of cameras in smartphones is expected to skyrocket the demand for image sensors. The global shipment of image sensors is to reach 14 billion units by the end of 2028, according to the latest report by RationalStat

The report titled "Global Image Sensors Market" assesses the image sensors market globally based on type, processing type, resolution, application, and region. A comprehensive report provides a detailed historical and future market size with trend analysis. RationalStat provides market share analysis, production capabilities of the top companies, a smartphone market overview, an outlook on the camera market, an overview of the competition, market strategies, and potential growth areas for the target players evaluated in the global image sensors market study.

Market Overview and Dynamics: The use of image sensors in various industries for a wide range of purposes is expected to fuel the growth of the global image sensors market in the upcoming years

The global image sensors market is expected to grow at a CAGR of around 8% during the forecast period of 2022-2028. The emergence of advanced image sensors in CCTV security cameras for video surveillance is primarily driving the global image sensors market, owing to rising security concerns in residential, commercial, and industrial spaces.
Moreover, the increasing need for medical assistance due to the emergence of chronic disease and other healthcare issues is driving the demand for image sensors as image sensors play a crucial role in the detection of an illness or a disease.
In addition, manufacturers across the world are focusing on making more robust, specific, and precise in nature coupled with affordable cost to act as another catalyst for the growth of the global image sensors market. Growth in the 5G smartphones market will play a pivotal role in the market development of image sensors.
Furthermore, the Advanced Driver Assistance System (ADAS) is critical in ensuring the safety of the driver as well as the passengers while driving. When combined with self-driving cars, this will significantly boost the global image sensors market. The rising number of traffic accidents is also contributing to the market's expansion.

Segmental Analysis

• Based on type, CMOS (Complementary Metal Oxide Semiconductors) holds a prominent share in the global image sensors as they are widely used in smartphones, tablets, and other consumer electronics, whereas CCD (Charged Couple Devices) own a significant share of the market.
• Based on application, Consumer electronics holds a dominant share in the global image sensors market as the growing population coupled with demand for the latest electronic devices is expected to fuel the market in the upcoming years.
• Based on region, Asia Pacific holds a prominent share of the global image sensors market as the industries like consumer electronics coupled with the upsurge in the demand for semiconductors are expected to spur the demand for image sensors in the forthcoming years.

Competition Analysis: The rising demand for consumer electronics with high-end technology and the latest features is expected to fuel the demand for image sensors in the upcoming years

Due to the presence of many well-established companies in the global image sensors market, there is intense competition in the global image sensors market. The global image sensors market is expected to witness growth in the forthcoming years as government implements strict rules on the use of image sensors in the automotive industry for driver assistance which is expected to further fuel the growth of the global image sensors market. Some of the recent market development include,
• In June 2022, Samsung introduced the 200MP ISOCELL HP3, the image sensor with the industry's smallest 0.56-micrometer (μm)-pixels. The sensor allows users to take videos in 8K at 30 frames-per-second (fps) or 4K at 120fps, with minimal loss in the field of view. Combined with the Super QPD solution, users can take movie-like cinematic footage with their mobile devices.
• In December 2021, Sony has developed the world's first stacked CMOS image sensor technology with a 2-layer transistor pixels.

Some of the prominent players that contribute significantly to the global image sensors market include Canon Inc., Sony Corporation, Samsung Electronics Co. Ltd., Panasonic Corporation, Toshiba Corporation, OmniVision Technologies Inc., ON Semiconductors Corporation, Galaxy Core Inc., Teledyne Technologies Inc., Sharp Corporation, STMicroelectronics, Hamamatsu Photonics K.K., NXP Semiconductors, and Infineon Technologies A.G among Others.

RationalStat has segmented the global image sensors market on the basis of type, processing type, resolution, application, and region.
• By Type
o CMOS (Complementary Metal Oxide Semiconductors)
o CCD (Charged Couple Devices)
• By Processing Type
o 2D Processing
o 3D Processing
• By Resolution
o VGA
o Less than 16 Mega Pixels
o 16-32 Mega Pixels
o 32-64 Mega Pixels
o More than 64 Mega Pixels
• By Application
o Consumer Electronics
o Automotive
o Security and Surveillance
o Healthcare
o Aerospace & Defense
o Others (Entertainment)
• By Region
o North America
 US
 Canada
o Latin America
 Brazil
 Mexico
 Rest of Latin America
o Western Europe
 Germany
 UK
 France
 Spain
 Italy
 Rest of Western Europe
o Eastern Europe
 Russia
 Poland
 Rest of Eastern Europe
o Asia Pacific
 China
 Japan
 India
 South Korea
 Australia
 ASEAN (Indonesia, Vietnam, Malaysia, etc.)
 Rest of Asia Pacific
o Middle East & Africa
 GCC
 South Africa
 Turkey
 Rest of the Middle East & Africa

For more information about this report https://store.rationalstat.com/store/global-image-sensors-market-analysis-forecast/

RationalStat LLC
Kimberly Shaw, Content and Press Manager
sales@rationalstat.com
Phone: +1 302 803 5429

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

This release was published on openPR.