Image Sensor Market Expected to Reach $87.5 Billion by 2032
“The Image sensor market share is expected to witness considerable growth in coming years, owing to growing
demand for multiple cameras in mobile devices, increase in adoption of ADAS system in automobile, and
surge in use of image sensors for biomedical applications. ”
According to Sourav Singh,
Semiconductor and Electronics
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KEY FINDINGS OF THE STUDY
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The Image sensor market is expected to grow significantly in the coming years, driven by the
increase in adoption of ADAS systems in automobiles.
The image sensor market growth is expected to be driven by the demand for immersive image
sensors technology such as CMOS image sensors.
The market is highly competitive, with several major players competing for market share. The
competition is expected to intensify in the coming years as new players enter the market.
Major key players profiled cover in Report:
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Sony Group Corporation
GalaxyCore Shanghai Limited Corporation
PixArt Imaging Inc.
OMNIVISION, Samsung Electronics Co. Ltd
Canon Inc.
STMicroelectronics NV.
ON Semiconductor Corporation
Market dynamics
Drivers
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Growing demand for high-resolution imaging in smartphones and cameras is driving the image
sensor market.
Advancements in autonomous vehicles and increasing adoption of ADAS (Advanced Driver
Assistance Systems) contribute to the market growth.
Restraints
• Limited sensitivity in low-light conditions poses a challenge for image sensor market growth.
• Increasing production costs hinder the widespread adoption of advanced image sensor
technologies.
Opportunities
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Increasing demand for smartphones with advanced camera capabilities is driving growth in the
image sensor market.
Adoption of image sensors in automotive applications for advanced driver assistance systems
(ADAS) presents a significant opportunity.
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Analyst Review:
The global image sensor market holds high potential for the semiconductor industry. The business scenario
witnesses increase in the demand for image sensor devices, particularly in developing regions, such as
China, Japan, India, U.S., UK, Germany, and others. Companies in this industry are adopting various
innovative techniques to provide customers with advanced and innovative product offerings.?
The growing demand for multiple cameras in mobile devices, and surge in use of image sensors for
biomedical applications drive the growth of the image sensor market. However, the high cost of
manufacturing image sensors impedes market growth. Further, advancements in image sensor technology
and increasing investments in security and surveillance are expected to create lucrative opportunities for
the key players operating in the market.
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