According to a market report by Lucintel, the future of the global image sensor market looks promising with opportunities in the aerospace, defense, & homeland security, automotive, consumer electronic, medical & life sciences, industrial, and commercial markets. The global image sensor market is expected to reach an estimated $29.3 billion by 2030 from $16 billion in 2023 at a CAGR of 9.5% from 2024 to 2030. The major drivers for this market are increasing demand for smartphones and consumer electronics, expansion of surveillance systems and security cameras, both for commercial and residential purposes, and continuous advancements in medical technology along with the increasing adoption of digital imaging solutions.
In this market, area image sensor and linear image sensor are the major segments of image sensor market by array type.
Lucintel forecasts that area image sensor will remain larger segment over the forecast period due to growing adoption of area image sensors.
Within this market, consumer electronic will remain the largest segment due to increasing demand and technological advancement.
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APAC is expected to witness the highest growth over the forecast period due to presence of major players in this region.
Sony Group, Samsung Electronics, OmniVision, STMicroelectronics, and Galaxycore Shanghai Limited Corporation are the major suppliers in the image sensor market.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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