Higher megapixel demands, greater economic dynamism, rising demand of detailed imaging, investments in research and development of sensors impact the global Image sensors market.
The global image sensors market is anticipated to reach USD 18.76 billion by 2024 at a CAGR of 7.5% over the forecast period. Healthcare and security and surveillance tend to dominate the Image sensors market in the forecast years by acquiring 40% of market share all together. By technology, CMOS tends to drive the global image sensors market and be the largest market share holder of 65% market share.
South Korea is anticipated to make driver assistance systems mandatory, therefore image sensors market is expected to grow tremendously at higher rate over the forecast years, that makes APAC dominant among other geographies.
Demystifying Image sensors
Sensors the souls of digital camera in order to determine image size, resolution, low light performance, field depth, dynamic range and lenses. LXC-500 industrial camera from Baumer targets machine vision applications require detection of high level of detailed data. This product is available in both monochromatic and color models with a burst mode for achieving higher frame rates in short image sequences.
“Global Image sensors Market Outlook 2024” contains detailed overview of the global Image sensors market in terms of market segmentation by technology, spectrum and application.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Image sensors market report also provides competitive outlook for some of the major players which includes profiling of companies such as GalaxyCore Inc., SK Hynix Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, Panasonic Corporation, ON Semiconductor Corporation, Sony Corporation, Sharp Corporation, Omni Vision technologies Inc., Teledyne Technologies, Inc., CMOSIS NV, e2v technologies Inc., Baumer, Ltd., Honeywell Process Solutions, Weber Ultrasonics GmbH, Nanomotion, Ltd., Siemens AG, and Pepperel+Fuchs GmbH, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global Image sensors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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