Market Size of APAC Image Sensors Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.60 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Image Sensors Market Analysis
The Asia Pacific Image Sensor Market is expected to grow at a CAGR of 8.6% during the forecast period of 2020-2025. Sensors have become the primary segment contributing to the booming semiconductor industry. Constant evolution in technology and innovative field of applications are refining the prominence of snesors day by day.
- Among the Asia-Pacific countries, China is showing significant growth rate, owing to its growing economy and global electronics market share. China is one of the prominent electronics producers and consumers. According to National Bureau of Statistics China, the country's computer, communication equipment, and other electronic equipment manufacturing increased by 13.1% during fiscal 2019, and entire industrial sector was valued at CNY 30,516 billion.
- China has implemented the Social Credit System, which uses extensive facial recognition of its citizen. The facial recognition systems are being implemented across the country, and the requirement for cameras for the project is expected to drive the market.
- In India, The Ministry of Electronics & Information Technology under Internet of Things (IoT) Management Framework for Smart Cities has tasked ERNET India along with IISc to develop the LoRa gateway (pole gateway), which is a low-cost compute box that could connect to cameras, temperature, humidity, air quality, and other sensors. This pole gateway could perform the local analytics and push data to the server.
- The cameras are finding their applications in non-invasive testing equipment in the healthcare industry and are also used for scanning purposes. The healthcare industry in India is expected to grow at a significant rate. According to the Civil Service India, the healthcare industry is expected to reach USD 132.84 billion by 2023.
- Further, due the outbreak of the pandemic COVID-19 virus, Japan has announced a USD 2.2 billion stimulus package to help its manufacturers to shift their production facilities out of China as the COVID-19 disrupted the supply chain. The package specifies, USD 2 billion for companies shifting production back to Japan and remaining for those seeking to move production to other countries.
Asia-Pacific Image Sensors Industry Segmentation
An image sensor or imager is a sensor that detects and conveys information used to make an image. It does so by converting the variable attenuation of light waves (as they pass through or reflect off objects) into signals, small bursts of current that convey the information.
Type | |
CMOS | |
CCD |
End-user Industry | |
Consumer Electronics | |
Healthcare | |
Industrial | |
Security and Surveillance | |
Automotive and Transportation | |
Aerospace and Defense | |
Other End-user Industries |
Country | |
China | |
India | |
Japan | |
Rest of Asia Pacific |
APAC Image Sensors Market Size Summary
The Asia-Pacific image sensor market is experiencing robust growth, driven by the rapid advancement of technology and the increasing demand for consumer electronics. The region's market is characterized by a fragmented competitive landscape, with numerous players employing strategies such as product launches, research and development investments, and strategic partnerships to maintain their market positions. The proliferation of smartphones and smart surveillance systems has significantly boosted the deployment of image sensors, particularly in countries like China, India, and Japan. China's substantial investment in facial recognition technology and its expansive surveillance infrastructure are key factors propelling market expansion. Additionally, initiatives like India's IoT Management Framework for Smart Cities highlight the region's commitment to integrating advanced sensor technologies across various sectors.
The market's growth is further supported by the availability of raw materials and cost-effective production facilities in the Asia-Pacific region, attracting global companies to establish manufacturing bases. The healthcare industry's increasing reliance on image sensors for non-invasive testing and scanning applications also contributes to market dynamics. Japan's strategic move to incentivize manufacturers to relocate production facilities back to the country underscores the region's focus on strengthening its supply chain resilience. As the demand for AI-based cameras and biometric recognition technologies continues to rise, the Asia-Pacific image sensor market is poised for sustained growth, with key players like Canon Inc., Ams AG, and Samsung Electronics Co. Ltd. playing pivotal roles in shaping its future.
APAC Image Sensors Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Assessment on the Impact of COVID-19 on the market
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1.3 Market Drivers
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1.3.1 Rising popularity of ADAS system is Boosting Image Sensor market demandfrom Automotive Sector.
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1.3.2 Ongoing shift to CMOS technology and improvement in image quality favouring image sensor market development.
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1.4 Market Restraints
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1.4.1 Easy availability of light detection and ranging (LiDAR) solutions.
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1.5 Value Chain Analysis
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1.6 Porters Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 CMOS
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2.1.2 CCD
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2.2 End-user Industry
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2.2.1 Consumer Electronics
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2.2.2 Healthcare
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2.2.3 Industrial
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2.2.4 Security and Surveillance
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2.2.5 Automotive and Transportation
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2.2.6 Aerospace and Defense
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2.2.7 Other End-user Industries
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2.3 Country
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 Rest of Asia Pacific
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APAC Image Sensors Market Size FAQs
What is the current APAC Image Sensors Market size?
The APAC Image Sensors Market is projected to register a CAGR of 8.60% during the forecast period (2024-2029)
Who are the key players in APAC Image Sensors Market?
Canon Inc., Ams AG, ON Semiconductor Corporation , Samsung Electronics Co. Ltd and STMicroelectronics NV are the major companies operating in the APAC Image Sensors Market.