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Image Sensor Market Trends

  • Report ID: GMI3825
  • Published Date: Jul 2024
  • Report Format: PDF

Image Sensor Market Trends

There is a noticeable shift towards higher resolution and multi-camera systems in smartphones, digital cameras, and other consumer electronics devices. This trend is driven by consumer demand for enhanced image quality, better low-light performance, and advanced photography features. Manufacturers are integrating sensors with higher megapixel counts and larger pixel sizes to capture more detail and improve image clarity. Multi-camera setups, including wide-angle, telephoto, and depth-sensing cameras, enable versatile photography modes like portrait mode and optical zoom, enhancing user experience and differentiation among competing devices. For example, in February 2023, Samsung unveiled its first-ever 200MP sensor with the Samsung Galaxy S23 series. The Galaxy S23 Ultra features this new 200MP Adaptive Pixel sensor, which supports improved Nightography capabilities and enhanced object details in low-light images.
 

There is a rise in AI-enabled image processing capabilities integrated into image sensors and devices, coupled with the adoption of edge computing to enhance real-time processing and decision-making capabilities. AI algorithms embedded directly into image sensors enable tasks such as scene recognition, object detection, and facial recognition with greater accuracy and speed. Edge computing facilitates processing data locally on devices, reducing latency and bandwidth requirements while preserving data privacy and security.
 

Smart security cameras leverage AI-powered image sensors to analyze video feeds in real-time, identifying potential threats or hazards. This trend towards AI-enhanced imaging is driving collaboration between semiconductor companies and AI software developers to optimize sensor performance and algorithm efficiency. For example, in January 2024, Xiaomi launched a new 360-degree home security camera called the Mi 360° Home Security Camera 2K. The camera uses AI-based algorithms and deep learning applications to effectively filter out false alarms and accurately detect human movement, improving the accuracy of motion alerts.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Global industry size for image sensor was valued at USD 22.95 billion in 2023 and is anticipated to register over 9% CAGR between 2024 and 2032, driven by rising demand for consumer electronics.

The CMOS segment in the image sensor market held 85% revenue share in 2023 due to advancements in CMOS sensors for offering higher resolution, improved sensitivity, and lower power consumption.

Asia Pacific market held 50% revenue share in 2023 due to the presence of major consumer electronics manufacturers in the region and adoption of automation and IoT technologies.

Sony Semiconductor Solutions Group, Samsung Electronics Corporation, OMNIVISION, GalaxyCore Shanghai Limited Corporation, STMicroelectronics N.V., SK Hynix Inc., and On Semiconductor Corporation.

Image Sensor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 300
  • Countries covered: 18
  • Pages: 230
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