Image Sensor is a sensor that gives the information of the captured image by converting Light signals into Digital Signals. Image Sensors contain photosites which record the brightness of light falls on it by accumulating photons. To set the colour and brightness of the pixel on the screen the recorded brightness of the light that falls on the photosites is used. High usage of Image sensors in Medical field, the increase of usage in Automotive applications, Low cost of CMOS Image sensors used in electronic devices and other are the factors leads to the growth of the Image Sensor Market. Change in CCD technology to CMOS is the challenge that lags the growth of the market.

Image Sensor Market Size & Growth:

Image Sensor Market size is projected to reach approximately $24.82 billion by the end of 2024 with a CAGR of close to 9.76% from $12.80 billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the Image Sensors Market are high use in consumer electronics like Smartphones and Tablets, Desktops and Laptops, Wearables, in Automotive segment like Rear and Side View, Camera Mirror System, in Industrial like Machine vision, Industrial Monitoring and in Aerospace and defense vertical that are accelerating the market growth.

Image Sensors Market share:

Image Sensor Market is segmented on the basis of Technology which consists of Charge Couple Device (CCD), Complementary Metal Oxide Semiconductor (CMOS), CMOS. Charge Couple Device (CCD) is a device used for the movement of electrical charge for the conversion of Light signals to Digital value. CMOS Image Sensor also converts light signals into electrical signals and holds the largest share of the market due to less manufacturing cost compared to CCD Image Sensors. CMOS consumes less power and Sensor with CMOS technology acts as low power Sensor. CMOS Image Sensor Consumes 100 times less power than CCD Image Sensor. CMOS Image Sensors cam be manufactured on any standard silicon layer, so they tend to low manufacture cost and they also have long battery life. These are the factors which accelerate the growth of Image Sensor market. There is also an Image Sensor Called sCMOS which consists of both CCD and CMOS Technology and it is also called as Hybrid Image Sensor. On the basis of process type Image Sensor Market is segmented into 2D Image Sensor, 3D Image Sensor. 2D Image Sensor produces 2D Images that shows the distance to point in the scene from a specific point. 3D Image Sensor is expected to have a great demand in future as they are used in various applications such as computer vision, machine vision, artificial intelligence in mobiles and other. Key Players like Apple started working on 3D Image Sensors in Mobiles and Tablets and other key players are also starting the 3D technology.  On the Basis of Array type, the Image Sensor market is segmented into Area Image Sensor and Linear Image Sensor.  Linear Image Sensor is used to convert the optical image to the analogue signal. They are also used in various applications such as in scanning barcode, image scanning and other. Based on Spectrum the market is segmented into Visible Spectrum and Non-Visible Spectrum. Image sensors used in the visible spectrum for capturing electronic signals and convert into digital data. Image Sensors used in invisible spectrum such as in X-Ray and other for the conversion of the captured electronic signal into digital data. On the basis of End User, the Image Sensors are widely used in Consumer Electronics, Medical and Life Sciences, Automotive, Aerospace and Défense and other. On the Basis of Geography, Asia Pacific is expected to hold the huge market due to the fact that more than 80% of Image Sensors are widely used in consumer electronics such as mobiles and tablets, cameras, computers and other.

Image Sensor Market Trends:

• Sony is releasing CMOS Image Sensor SNR1s [lx] used to evaluate picture quality at low illumination used for security camera applications.
• Increase in need for higher pixel counts and for rolling shutter functions Sony released colour (IMX183CQJ-J) and monochrome (IMX183CLK-J) product.

Image Sensor Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.

The major key players in the Image Sensor Market are:

• Sony
• Samsung
• OmniVision
• ON Semiconductor
• Panasonic
• Canon

Along with these companies, there were many other companies considered/cited in the report while analysing the Image Sensor Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.