CCD Image Sensors Market Outlook 2031:
The global CCD image sensors market size was valued at USD 1.74 Billion in 2022 and is expected to reach USD 2.68 Billion by 2031, expanding at a CAGR of 4.9% during the forecast period, 2023-2031. The growth of the market is attributed to the adoption of CCD image sensors for the automatic optical inspection (AOI) and rising focus on the camera quality in the smartphone industry.
CCD image sensors are used to obtain better quality images during the industrial inspection. These sensors keep a track on quality control and boost the yield in modern manufacturing, machine vision systems, and reduces human intervention.The automobile industry is focusing on enabling safer driving experiences. This, in turn, has increased the use of frame transfer CCD sensor and interline transfer CCD sensors.
CCD Image Sensors Market Drivers, Restraints, Trends, and Opportunities
- Rising demand in the industrial sector to avoid the reduction in sharpness of image, particularly for different applications operating in near-infrared wavelengths, is driving the growth of the market.
- Easy availability of light detection and ranging (LiDAR) solutions for its use in autonomous vehicles can restrain the growth of the market.
- Inexpensive and better battery life of CMOS image sensors can restraint the growth of the CCD image sensors market.
- Increasing adoption of cameras in portable devices such as smartphones and tablets is one of the key factors contributing to the growth of the market.
Scope of CCD Image Sensors Market Report
The report on the global CCD image sensors market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
CCD Image Sensors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Wired and Wireless), Applications (Consumer Electronics, Security and Surveillance, Automotive & Transportation, Healthcare, and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Samsung Electronics Co., Ltd., Sony Corporation, Canon Inc., Toshiba Corporation, ON Semiconductor Corporation
CCD Image Sensors Market Segment Insights
Types Segment Analysis
Based on types, the market is divided into wired and wireless. The wireless segment is projected to account for a large market share during the forecast period. The segment growth is attributed to the increasing demand for wireless CCD sensors in the market. Wireless CCD sensors are easier and convenient to use. They are battery operated devices and are portable.
Applications Segment Analysis
On the basis of applications, the market is segregated into consumer electronics, security, surveillance and healthcare, automotive & transportation, and others. The consumer electronics segment is projected to account for a significant market share during the forecast period.
The growth of the segment can be attributed to the increasing use of cameras equipped with image sensors in smartphones. Growing focus of consumers on smartphone photography has encouraged smartphone manufacturers to take image sensor as an essential factor to be considered during the designing of the devices.
Based on regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to hold a major market share during the forecast period. The segment growth in the region is due to the increasing demand from the consumer electronics segment in countries such as India and China.
China is known as the manufacturing hub of the world. The demand for the CCD image sensors is high in the consumer products, which require high image quality for the usage. A better semiconductor supply chain presence has further helped in handling the market demand.
China and India are further planning to install CCTV camera devices with the strategic goal of developing smart cities and improve the infrastructure. Moreover, increasing focus on public safety is driving the segment growth.
The global CCD image sensors market has been segmented on the basis of
- Consumer Electronics
- Security and Surveillance
- Automotive & Transportation
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Some of the major players in the market are Samsung Electronics Co., Ltd., Sony Corporation, Canon Inc., Toshiba Corporation, ON Semiconductor Corporation.
The competitive rivalry among existing competitors is high as the market demand is in limited applications. The product innovation strategy of companies is expected to keep the market growing during the forecast period. Sensitivity to the price of raw material and use of patented technology are among some of the factors that impact the market.