Image Sensors Market is anticipated to grow through 2032 owing to the increasing adoption of video surveillance systems across industries encompassing military, industrial, space, and residential sectors. Mounting product applications in intrusion detection, aerial surveillance in war zones, earth environment surveillance, and agricultural monitoring will further augment the image sensors demand in the coming years.
Increasing support provided by the regional governments to encourage the development of automation technology and robotics will also positively contribute to the image sensor industry expansion over the next ten years. As per reliable sources, 67% of global enterprises leverage business process automation solutions that enhance end-to-end visibility across various systems.
Overall, the image sensors market is segmented in terms of technology, processing, end-use, and region.
Based on technology, the CMOS (Complementary Metal Oxide Semiconductor) technology is slated to register notable gains through 2032. The thriving technological adoption can be attributed to the increasing demand for ADAS and Driver Monitoring Systems (DMS) in the automotive sector. In addition, its wide application in creating images in digital cameras, digital video and digital CCTV cameras, astronomical telescopes, scanners, and barcode readers will also spur its adoption in the future. The fundamental function of CMOS in digital cameras is to create images effectively.
By processing, the 3D image sensors segment will grow considerably during 2023-2032. Constantly surging use of 3D image sensors in 3D laser triangulation processes and 3D detection systems will offer lucrative opportunities to the industry players. In addition, the combination of 3D imaging sensors and two-dimensional (2D) vision sensors is also becoming more prominent, especially in robotic applications, to resolve "removing-from-heap" and "assembly" difficulties and prevent collisions.
Considering the end-use, the automotive and transportation segment held over USD 3 billion market share in 2022. Increasing awareness towards improving the driving comfort, car safety, and automobile driving assistance will augment the demand for image sensors. Moreover, the growing installation of ADAS technology for driver assistance and safety will also positively impact the business landscape across the automotive sector.
Regionally, the North America image sensors market share is expected to record noticeable gains during the estimated timeframe. The regional market growth will come from the increasing demand for smart appliances, smartphones with HD cameras, and security cameras in economies such as the United States and Canada. In addition, the presence of leading industry giants and constant tech innovations including improving pixel size, performance, and resolution in image sensors will assist the market expansion in the coming future.