Market Trends of Image Sensors Industry
CMOS Image Sensor to Witnesses a Significant Growth
- CMOS image sensor technology, with several vendors marking their presence, is sustaining its vigorous shift into low-cost camera designs. Although often compared to CCD (charge-coupled device) sensors with superior image quality in a similar price range, CMOS sensors are establishing a strong foothold at the low-cost end of the consumer device market by offering more functions on-chip for simplified camera design.
- Consumer electronics, security, automotive, and surveillance are all growing markets for image sensors utilizing CMOS technology. Over the years, the rise of the consumer electronics sector has been spurred by the growing popularity of smartphones with built-in cameras. Hence, the growing adoption of smartphones is aiding this growth. For instance, according to Ericsson, global smartphone subscriptions are anticipated to reach 7,740 million by 2028,
- The expansion of the automotive applications of CMOS image sensors is spurred by the advancements in driver safety with the help of ADAS and the innovation of self-driving automobiles. With government and automotive industry regulatory authorities mandating the adoption of ADAS and other automotive security solutions, the demand for CMOS image sensors is anticipated to grow in the automotive domain during the forecast period.
- Furthermore, the capacity of CMOS image sensors to work in different lighting conditions, including darkness, dim light, and low light, has also raised the use of CMOS image sensors for security applications, bolstering the CMOS image sensor market for security and surveillance. Hence, the growing penetration of smart security and surveillance solutions will continue to drive the studied market's growth during the forecast period.
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Asia-Pacific to Witness Significant Market Growth
- Over the years, the demand for image sensors has gained significant traction in the Asia Pacific region, owing to the remarkable growth of the automotive and consumer electronics industry. Due to the continued uptake of image sensors for automotive applications and applications in smartphones and other consumer electronic devices, the Asia Pacific image sensors market is anticipated to expand significantly over the projected period.
- China is also showing significant growth in image sensor production owing to the emergence of several image sensor manufacturers in the country who are majorly focusing on inventing new products to strengthen their market positions. For instance, in April 2023, Gpixel introduced the GL3516 16K resolution line scan CMOS image sensor with 3.5 um pixels, producing an image diagonal of 57.3 mm and a line rate of 120 kHz. With features that make it perfect for industrial inspection applications requiring high-speed scanning and 16K resolution, such as lithium battery testing, flat panel inspection, PCB inspection, label inspection, and railway inspection, the GL3516 is pin and footprint compatible with Gpixel's current GL7008 8K line scan sensor.
- Moreover, India is one of the largest and fastest-growing economies in the region; the growing purchasing power and the rising penetration of digital technologies are expected to drive the market for electronic goods in the country. Furthermore, the country is also seeing growth in smart cities due to government initiatives.
- Over the past few decades, the industrial sector in India has also witnessed remarkable growth, especially in countries such as China, Japan, etc. With trends such as "Industry 4.0," which governs a higher adoption of advanced solutions such as automation and robotics, the demand for image sensors is also growing. For instance, according to IFR, recently, China overtook the United States in terms of the adoption of industrial robots.
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