A study on the image sensor market has been conducted to understand the market situation in 2022.
Survey period: October 3rd to October 10th, 2022
Researcher: SDKI Inc.
Survey Base: We surveyed 560 market players of all sizes.
Number of valid responses: 555
Survey method: 260 comprehensive surveys, 300 internet surveys Survey Respondents: The survey was conducted among companies based on revenue Survey results:
Q: Which are the most popular sub-segments of the image sensor market application segment?
The application segment can be sub-segmented into five such as Automotive, Healthcare, Surveillance & Security, and Consumer Electronics. Of these, the consumer electronics segment attracts the most image sensor manufacturers. An attractive factor in the consumer electronics segment is the growing interest in smartphone photography among customers. In addition, demand for passenger cars is also seen as personal consumption increases. Due to these factors, the consumer electronics sub-segment holds more than 50% market share.
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Q: Which regions are expected to offer lucrative opportunities for the image sensor market?
Asia Pacific is expected to hold more than 40% market share by 2031. The reason for the growth is the presence of major market players in this region. On the other hand, the second most favorable region is Europe, where the regional market is valued to hold a proportion of around 23% of the market share during the forecast period.
Q: What is the CAGR and revenue of the image sensor market? ? The image sensor market will capture USD 9 billion in 2021. Moreover, the market is expected to reach US$13 billion by 2030.
Q: What are the growth factors for the image sensor market?
Following are the growth factors of the drone battery market:- ーExpansion of smartphone penetration
Image sensors are widely used in smartphones. An image sensor uses light that passes through a lens to create a digital image. The image sensor market has witnessed significant demand from smartphone manufacturers.
– Increased spending on surveillance and security in public spaces Surveillance of public spaces using video cameras has become increasingly important due to global security concerns, which is expected to further fuel the growth of the market.
It can be seen that the image sensor market has a future of
extraordinary growth. However, the ready availability of LiDAR solutions for use in autonomous vehicles is expected to hamper the market growth. Prominent companies such as Sony Corporation, Samsung Electronics Co., Ltd., Omni Vision Technologies, Inc.,
STMicroelectronics, ON Semiconductor Corporation, and Panasonic Corporation are providing the best service to consumers and making a profit .
The goal of SDKIInc. is to reveal the market scenarios of different countries such as Japan, China, USA, Canada, UK, Germany. Through our diverse network of research analysts and consultants, we also focus on providing our clients around the world with reliable research insights, including growth indicators, challenges, trends and the competitive landscape. SKI has earned trust and a customer base in over 30 countries and is further focused on expanding its foothold in other untouched economies. We have extensive experience in addressing different market domains, best serving our clients and helping them make sound decisions.
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