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The global image signal processor market was valued at USD 4.2 billion in 2023 and is estimated to grow at a CAGR of 5.7% from 2024 to 2032 driven by increasing demand for high-quality images and videos in devices such as smartphones, drones, and security cameras are driving significant growth in the market.
Modern devices require enhanced image and video quality, including superior clarity, detail, and color accuracy. This necessitates advanced ISPs to effectively process raw data from high-resolution image sensors. As smartphone cameras advance towards multi-sensor setups and exceed 100-megapixel capabilities, the ISP market is expanding accordingly.
Report Attribute | Details |
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Base Year: | 2023 |
Image Signal Processor Market Size in 2023: | USD 4.2 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 5.7% |
2032 Value Projection: | USD 6.9 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 180 |
Tables, Charts & Figures: | 230 |
Segments covered: | Type, Functionality, Technology, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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For instance, in January 2024, OMNIVISION announced high-performance OX01J image sensors for surround- and rear-view cameras. The OX01J is a raw image sensor with top-of-the-line LED flicker mitigation (LFM) and 140 db high dynamic range (HDR).
The rising need for security and surveillance across various industries is further fueling the demand for image processing solutions. The proliferation of smart cities, public safety initiatives, and growing security awareness in residential and commercial sectors highlight this trend. High-performance ISPs are essential for delivering superior visual data in surveillance systems, maintaining clarity in diverse lighting conditions, and enabling real-time video analysis.