CMOS Image Sensor Market to Grow with a CAGR of 6.32% During 2022 – 2031; Market to Grow on Account of Rising Demand for High-Definition Image-Capturing Devices

Research Nester has released a report titled CMOS Image Sensor Market: Global Demand Analysis & Opportunity Outlook 2031” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

The global CMOS image sensor market is expected to generate revenue of USD 39,544.3 million by the end of 2031, by increasing at a CAGR of 6.32% over the forecast period, i.e., 2022-2031. Additionally, in 2018, the market brought in USD 15,752.4 million in revenue. Rising demand for high-definition image-capturing devices is anticipated to boost the market growth. For instance, Sony Corporation unveiled the IMX485 type 1/1.2 4K-resolution back-illuminated CMOS image sensor and the IMX415 type 1/2.8 4K CMOS image sensor in June 2019. Sony created these two security camera sensors to address the constantly growing demand for security cameras in a range of monitoring applications, such as anti-theft, disaster warning, and traffic monitoring systems, or commercial complexes.

The market is segmented into consumer electronics, medical, industrial, security & surveillance, automotive & transportation, and aerospace & defense based on end use industry. Out of these segment, the automotive & transportation segment is predicted to grow with the highest CAGR of 8.34% during the forecast period and generate USD 6,646.7 million in revenue by the end of 2031. Moreover, in 2018, the segment generated revenue of USD 2,053.5 million.

Geographically, there are five main regions that make up the global CMOS image sensor market which includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. By the end of 2031, the market in Asia Pacific is anticipated to generate the highest revenue among all regions, amounting to USD 17,759.3 million. Furthermore, the market in this region brought in USD 6,501.0 Million in revenue in 2018.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

The global CMOS image sensor market is likely to experience growth throughout the forecast period, but this is expected to be constrained by factors such as low megapixel camera acting as disadvantage, high manufacturing cost, and CMOS image sensor (CIS) verification proves to be challenging.

This report also provides the existing competitive scenario of some of the key players of the global CMOS image sensor market, which includes company profiling of STMicroelectronics International NV, Samsung Electronics America, Inc., Sony Semiconductor Solutions Corporation, ON Semiconductor Components Industries, LLC, Canon, Inc., SK Hynix Inc., OMNIVISION Technologies Inc., Hamamatsu Photonics K.K., Panasonic Industry Co. Ltd., and Teledyne Technologies Inc.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global CMOS Image Sensor Market: Global Demand Analysis & Opportunity Outlook 2031”, analyses the overall global CMOS image sensor market to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global medical device connectivity market in the near future.

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