Semiconductor Market Research Reports Image Sensor Market is anticipated to reach USD 26

Image Sensor Market is anticipated to reach
USD 26.41 billion by 2024
“Image Sensor Market Analysis By Technology
(CMOS And CCD), By Application (Automotive,
Consumer Electronics, Industrial Defense, Security &
Surveillance, And Medical), And Segment Forecasts
Till 2024.”
The global image sensor market is anticipated to reach USD 26.41 billion by 2024. The industry is
poised for an unprecedented growth over the forecast period owing to the rising expenditure on
security & surveillance in public places across regions and increasing disposable income across the
emerging and developing economies. The impact of information technology in the automotive,
defense, medical, and industrial application has driven the demand for image sensors over the
projected period. Increasing adoption of technologies for improving anti-terror equipments
mitigating the security lapses has demanded for better camera resolution, which has further
enhanced the market growth. The IP cameras are expected to have a significant growth over the
forecast period as compared to analog cameras, which is due to higher resolution, secure
transmission, and ability to cover more distance, high-speed recording, and lower cable cost.
Consumer electronics is expected to be the key application segment having the significant
penetration and is also anticipated to grow at a considerable rate over the forecast period. The
leading companies in the market are seeking new revenue sources as the smartphone market is
attaining maturity. This has resulted in increased demand for the image sensors in the wearable
industry and other applications.
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