2024 Image Sensors Market Report : Market Size, Growth Drivers, And Key Trends | Samsung Electronics Co., General Electric Company, Sony Corporation, Panasonic Corporation

"The new report published by The Business Research Company, titled ""Image Sensors Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the image sensors market size has grown rapidly in recent years. It will grow from $23.99 billion in 2023 to $26.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The image sensors market size is expected to see rapid growth in the next few years. It will grow to $37.27 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.

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Autonomous Vehicles Driving Growth In Image Sensors Market
The increasing number of autonomous vehicles is expected to propel the growth of the image sensors market going forward. Autonomous vehicles are self-driving cars that employ advanced sensor technologies, computer systems, and artificial intelligence to operate and navigate without constant human intervention or monitoring. Autonomous vehicles have the potential to significantly reduce accidents caused by human error, which accounts for a large percentage of traffic collisions, and improve overall transportation efficiency by communicating with each other and coordinating their movements. Image sensors, combined with computer vision algorithms, enable autonomous vehicles to detect and recognize objects such as pedestrians, other vehicles, traffic signs, and obstacles on the road. For instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, there are expected to be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Therefore, the increasing number of autonomous vehicles drives the image sensors market.

Revolutionizing Machine Vision With High-Speed Image Capture and Processing
Major companies operating in the image sensors market are developing complementary metal oxide semiconductor (CMOS) image sensors to cater to the growing demand for high-performance imaging solutions across various industries. A CMOS image sensor is widely used in digital cameras, smartphones, and different imaging devices, including those employed in autonomous vehicles. For instance, in November 2023, Sony Semiconductor Solutions, a Japan-based company, launched a new CMOS image sensor. It is specifically designed for automotive cameras. The sensor boasts an industry-leading 17.42 effective megapixels, enabling high-definition capture of distant objects and supporting the development of advanced automotive camera systems capable of sophisticated sensing and recognition performance. The IMX735 features a wide dynamic range of 106 dB, even when simultaneously employing high dynamic range (HDR) imaging and LED flicker mitigation, ensuring high-quality images in various lighting conditions.

The image sensors market covered in this report is segmented -

1) By Type: Area Image Sensors, Linear Image Sensors
2) By Technology: Complementary Metal-Oxide-Semiconductor (CMOS), Charge-Coupled Device (CCD), Other Technologies
3) By Processing Type: 2D Image Sensors, 3D Image Sensors
4) By Spectrum: Visible Spectrum, Non-Visible Spectrum
5) By End-User Industry: Consumer Electronics , Healthcare, Industrial, Security And Surveillance , Automotive And Transportation, Aerospace And Defense, Other End-User Industries

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Major companies operating in the image sensors market are Samsung Electronics Co., General Electric Company, Sony Corporation, Panasonic Corporation, SK Hynix Inc., Toshiba Corporation, Canon Inc., STMicroelectronics NV, Micron Technology Inc., Infineon Technologies AG, ON Semiconductor Corporation, Ams AG, Hamamatsu Corp., Omnivision Technologies Inc., Tower Semiconductor, Sharp Electronics Corporation, Himax Technologies Inc., FLIR Systems Inc., Teledyne Dalsa Inc., PixArt Imaging Inc., PMD Technologies GmbH, GalaxyCore Inc., Raytek Corporation, Pixel Plus AG, New Imaging Technologies (NIT)

Contents of the report:
1. Executive Summary
2. Image Sensors Market Report Structure
3. Image Sensors Market Trends And Strategies
4. Image Sensors Market - Macro Economic Scenario
5. Image Sensors Market Size And Growth
…..
27. Image Sensors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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