Europe Image Sensors Market Size

Europe Image Sensors Market Analysis

The Europe Image Sensors Market is expected to register a CAGR of 8.6% during the forecast period. The increase in the use of high-resolution cameras containing image sensors for mobile, automotive, medical, and life science applications fuels the growth of image sensors in the market.

• The primary element propelling the expansion of the image sensor market is the rise in the production of smartphones and tablets and the rising number of cameras incorporated into such devices. As the need for improved camera functions and good image quality in such devices grows quickly, OEMs are constantly developing image sensors that will increase their versatility while maintaining the device's thinness and usability, boosting the market.
• Other reasons propelling the growth of the image sensor market include the desire to integrate numerous cameras into a single device for purposes such as optical zoom, low light photography, portrait mode, 3D imaging features, and enhanced high dynamic range. For instance, According to Ericsson, By 2027, there will be 439 million smartphone subscriptions in Western Europe. There were about 404 million smartphone subscribers in Western Europe as of 2021.
• In an industrial application such as a PCB assembly, the CSG sensors improved image quality and frame rate allow an automated optical inspection (AOI) camera to rapidly and reliably spot defects such as a missing or an incorrectly inserted electronic component. Furthermore, the Industry 4.0 initiatives globally are also pushing the use of 3D imaging with image sensors. Also, image sensors are being used to automate manufacturing processes and monitor operational processes. The vendors in the market are also combining image sensors and 3D cameras for a better offering. For example, SICKs Ranger 3, a 3D camera, uses CMOS image sensor M30 to create a 3D profile with reduced on-chip data.
• A harsh and complex operating environment characterizes the aerospace industry. Therefore, choosing a suitable sensor to withstand such external environment extremities and performing at the desired accuracy, reliability, precision, and repeatability are of prime importance for the end-users. The spectrum of industrial sensors on a modern aircraft is quite broad. In February 2021, Teledyne Technologies supplied many of its advanced, high-performance image sensors to the Mars Rover Perseverance's complicated instruments. During the Mars 2020 mission, Teledyne sensors will power, sense, and evaluate the chemical composition of the surface and minerals, including Gy and the atmosphere.
• In February 2022, Maxar Technologies announced a new five-year deal with European Space Imaging and Space Imaging Middle East, critical partners serving customers in Europe, Northern Africa, and the Middle East. European Space Imaging and Space Imaging Middle East provide Maxar high-resolution satellite imagery to a broad spectrum of government and commercial organizations for border security, disaster response, and agriculture. Developments in space technology will drive the studied market.
• Since the sensor is a PN junction, incoming light causes it to start producing electron-hole pairs and start conducting current. This creates the pixels inside the image sensors, which in turn create the pictures. The sensors are commonly used to increase the efficiency and speed of industrial machinery while using less power. For instance, in March 2021, The "TCD2726DG," a lens reduction type CCD linear image sensor for A3 multifunction printers that perform high-speed scanning, was made available by Toshiba Electronic Devices & Storage Corporation. The timing generator circuit and fewer CCD driver pins in the new sensor reduce increased electromagnetic interference (EMI), a drawback of a faster clock rate. System development is facilitated by a decrease in the number of peripheral parts, customers' EMI and timing adjustment work, and both.
• However, the pandemic outbreak also negatively affected many image sectors. For instance, during the first quarter of 2020, output was on hold or decreased in the automobile and process industries. As a result, these businesses experienced a considerable decrease in the demand for all types of sensors. Due to safety concerns and strict government restrictions, the range of industrial and IoT devices for pressure sensors increased as more process businesses began to invest in automation monitoring systems. For instance, in China, Taiwan-based OSAT and ASE Technology also reported increased revenue in November 2020, compared to November 2019 and October 2020. KYEC's semiconductor testing subsidiary in China, King Long Technology (Suzhou), also reported investing at least 50% of its newly obtained syndicated loan of CNY 552 million in purchasing more testing equipment to provide additional capacity support for new chips.