Image Sensor Market size is poised to reach USD 76 Billion by the end of 2036, growing at a CAGR of 11% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of image sensor was USD 22 Billion. The market growth is driven by the emerging use of image sensors in healthcare. In healthcare, image sensors are being used for medical imaging, including X-rays, CT scans, and ultrasounds. For instance, the handheld X-ray system from United Imaging Healthcare provides accurate 3D breast imaging while offering high breast biopsy efficiency. These sensors enable high-quality imaging with a low radiation dose, making them a safer and more effective alternative to traditional imaging methods.
In addition, as the demand for higher resolution in electronic devices increases, image sensor manufacturers are working to develop image sensors with smaller sizes but higher resolution, which is more cost-effective. This is expected to drive the growth of the image sensor market over the forecast period.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~11% |
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Base Year Market Size (2023) |
~ USD 22 Billion |
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Forecast Year Market Size (2036) |
~ USD 76 Billion |
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Regional Scope |
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Technology (CCD Sensor, CMOS Sensor)
The CMOS Sensor segment is estimated to hold 58% share of the global image sensor market in the year 2036. Segment growth can be attributed to the widespread use of CMOS Sensors in consumer electronics such as digital cameras, smartphones, and tablets. For instance, a new CMOS sensor from Canon features global shutters, which allows it to capture images of moving subjects accurately and distortion-free, as well as images taken by moving cameras. CMOS Sensors are smaller and more power-efficient than other types of image sensors, making them an attractive option for manufacturers. Additionally, CMOS Sensors are more affordable than other image sensors, making them an attractive option for consumers.
Application (Consumer Electronics, Defense, Healthcare, Industrial, Automotive, Security and Surveillance)
Image sensor market from the consumer electronics segment is estimated to account for 35% in the year 2036. The segment growth can be attributed to the increasing use of image sensors in smartphones, tablets, and digital cameras. As the demand for higher-resolution cameras increases, the demand for image sensors is expected to grow. The total number of shipments of cameras in 2022 was estimated to be 7.4 million. Furthermore, as technology advances, image sensors are expected to become smaller, cheaper, and more energy-efficient, which will further drive the growth of the consumer electronics segment.
Our in-depth analysis of the image sensor image sensor market includes the following segments:
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Technology |
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Processing Technique |
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Application |
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APAC Market Forecast
Image sensor market in Asia Pacific is anticipated to hold the largest with a share of about ~32% by the end of 2036. Market growth in the region is also expected on account of the growing demand for automobiles and the growing adoption of autonomous vehicles, which require image sensors to function. Additionally, the increasing demand for surveillance cameras and the thriving consumer electronics industry in the region are expected to drive the growth of the image sensor market in Asia Pacific. Globally, China ranks first in consumer electronics production and sales. Moreover, the government initiatives such as Make in India and Digital India to increase public safety in places such as India and the development of infrastructure are expected to increase industry demand.
North America Market Analysis
The North America image sensor market is estimated to be the second largest, registering a share of about ~28% by the end of 2036. The market's expansion can largely be attributed to the increasing demand for image sensors as a result of an increase in demand for imaging technology as well as an increase in smartphone and tablet popularity in region. Approximately 86% of American adults use smartphones as of 2022, with over 300 million smartphone users. With the rise of social media and digital marketing in region, consumers are increasingly using their mobile devices and tablets to capture and share images and videos. This has led to a surge in demand for high-quality cameras and image sensors that can deliver clear and vibrant images.
Author Credits: Abhishek Verma, Hetal Singh
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