Image Sensor Market Size to hit $49.4 Billion by 2030, Says Reports Insights

Key players covered in Image Sensor Market Report are Sony Corporation, Samsung Electronics Co. Ltd., Canon, Hamamatsu Photonics K.K, Panasonic Corporation, ON Semiconductor Corporation , STMicroelectronics N.V., SK Hynix, PixArt Imaging , Pixelplus, GalaxyCore Shanghai Ltd. Corporation, PMD Technologies AG, AMS AG

Ney Work, Dec. 08, 2022 (GLOBE NEWSWIRE) — As per the research report Image Sensor Market published by Reports Insights, the market is projected to reach USD 49.4 billion by the year 2030 from the value of USD 26.3 billion in 2022, Is anticipated to register a CAGR of 8.2% during 2022-2030, propelled by augmented demand for technologically advanced smart devices and autonomous vehicles among consumers.

An image sensor, also known as imager, is the device that identifies and delivers the information which is used to form an image. The sensor converts the variable attenuation of light waves (or electromagnetic radiation) into the signals/minor bursts of current that transfer the information. The crucial function of the image sensor is to convert photons into electrons, and further into a digital value or voltage with the help of analog to digital converter (ADC).

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The advanced products such as Sony’s CMOS Image Sensor integrated in Automotive Cameras are designed to create the “Beyond Human Eyes” camera systems for effective autonomous driving. Thus, the high integration of smart technology in automobiles is anticipated to boost the demand of image sensors.  Furthermore, the technologically advanced image sensor-based products aid in delivering the features like high-quality HDR capturing and LED flicker mitigation, which enables the high precision recognition irrespective of the lighting conditions.