Lucintel Forecasts Image Sensor Market to Reach $19.1 Billion by 2028

Market-Research

According to the recent study the image sensor market is projected to reach an estimated $19.1 billion by 2028 from $12.1 billion in 2023, at a CAGR of 9.5% from 2023 to 2028. Growth in this market is primarily driven by increasing penetration of multiple cameras in smartphone and rising adoption of molecular imaging techniques in the healthcare and automotive industries.

A more than 150-page report is developed to Understand trends, opportunities and forecast in image sensor market by technology (CMOS image sensors, CCD image sensors, and others), processing type (2D image sensors and 3D image sensors), operating spectrum (visible spectrum and non-visible spectrum), array type (area image sensors and linear image sensors), and end use industry (aerospace, defense, and homeland security, automotive, consumer electronics, medical and life sciences, industrial, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/image-sensor-market.aspx

“Area image sensor market is expected to remain the largest segment during the forecast period.”

Based on array type, the image sensor market is segmented into area image sensors and linear image sensors. Lucintel forecasts that the area image sensor market is expected to remain the largest segment due to the increasing application of area image sensors in consumer electronics as it helps in capturing accurate pictures even in moving situations.

“Within the image sensor market, the consumer electronics segment is expected to remain the largest end use industry”

Based on end use industry the consumer electronics segment is expected to witness the highest growth over the forecast period due to the increasing demand of smartphones, AR/VR systems, tablet, and digital cameras.

“Asia pacific will dominate the image sensor market in near future”

Asia Pacific will remain the largest region due to the increasing penetration of smartphones in the region and growing demand of from the automobile industry as the governments of various nations has taken initiatives to enhance vehicle safety.

Download Brochure of this report by clicking on https://www.lucintel.com/image-sensor-market.aspx

Major players of image sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Sony, Samsung, OMNIVISION, STMicroelectronics, and GalaxyCore Shanghai are among the major image sensor providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/image-sensor-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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