The Asia Pacific Organic CMOS Image Sensor Market would witness market growth of 11.5% CAGR during the forecast period (2021-2027).
The growing popularity of low-power compact organic CMOS image sensors increases its usage in a broad variety of applications. These applications range from vehicles, cellular phones, web & surveillance cameras, video cameras, toys, factory inspection systems, and medical equipment. The capability to implement all the functions required for timing, color processing, exposure control, image compression, image enhancement, and analog-to-digital (ADC) conversion on the same chip are among the major benefits of present cutting-edge CMOS image sensors compared to traditional CCD sensors.
There are constant technological advancements and innovations which are taking place in the organic CMOS image sensors, which shows the high potential of the market. Thus, many companies in the image sensor market are increasing their focus on technological developments for capturing high-resolution images. It further leads to the development of improved organic CMOS image sensors that support 8K resolution without any kind of image distortion.
Several key market players such as Panasonic and Canon are aiming to create advanced products with the focus of drawing attention from more customers and subsequently gaining more revenues. Some of the key factors fueling the market growth is the better performance in low light and high image resolution, however fast battery drainage of organic CMOS image sensor as compared to other products is the major factor that hinders the growth of the market.
The availability of low-cost labor in the Asia Pacific region attracts organic CMOS image sensor manufacturers to set up their manufacturing units in this region in order to reduce the costs of these sensors. In addition, the increasing demand for consumer electronics like smartphones and tablets would also surge the regional growth. There is an increasing disposable income of the consumers across this region, which creates more demand for such smart devices and further opens new growth avenues for the organic CMOS image sensor providers.
The presence of numerous manufacturing units by global companies like Toshiba Corporation, Xiaomi Corporation, Sony Corporation, Taiwan Semiconductor Manufacturing, Samsung Electronics, and Panasonic Corporation would further spur the growth of the organic CMOS image sensor market in this region. Additionally, the rising security concerns in the Asia Pacific region will also contribute to the increasing growth of the regional market.
The China market dominated the Asia Pacific Area Image Sensors Organic CMOS Image Sensor Market by Country 2020, thereby, achieving a market value of $91.1 million by 2027. The Japan market is exhibiting a CAGR of 14.9% during (2021 - 2027). Additionally, The Taiwan market is anticipated to grow at a CAGR of 16.3% during (2021 - 2027).
Based on Image Processing, the market is segmented into 2D Sensor and 3D Sensor. Based on Array Type, the market is segmented into Linear Image Sensors and Area Image Sensors. Based on Application, the market is segmented into Video, 3D Imaging, Machine Vision, Biometrics, and Others. Based on Industry Vertical, the market is segmented into Consumer Electronics, Automotive, Medical & Life Sciences, Security & Surveillance, Robotics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Organic CMOS Image Sensor Market is Projected to reach USD 2.5 Billion by 2027, at a CAGR of 11.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Canon, Inc., Fujifilm Holdings Corporation, Sony Corporation, Siemens AG, Samsung Electronics Co., Ltd. (Samsung Group), Teledyne Technologies, Inc., Xenics NV, OmniVision Technologies, Inc., Taiwan Semiconductor Manufacturing Company, and AMS AG.
By Image Processing
By Array Type
By Application
By End User
By Country
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