The Europe Image Sensor Market would witness market growth of 11.6% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 56,564.4 thousand units, showcasing a growth of 15.7% (2019-2022).
A sophisticated camera system comprising numerous specialized image sensors and ultra-wide, broad, and telephoto lenses are featured on these flagship smartphones. Diverse imaging functionalities are highlighted by advancements in photography capabilities, including enhanced low-light performance and the introduction of photographic styles to enable customized image processing. As a result, demand for image detectors is expected to rise as the need for smarter, more intuitive consumer devices across end-user verticals is expected to grow throughout the forecast period, boosting market growth.
Automotive manufacturers are adding a variety of image sensors, including cameras and LiDAR, to improve vehicle perception and decision-making capabilities in response to growing consumer demand for safer and more automated driving experiences. These provide more complex and accurate visual data due to ongoing advancements like increased pixel densities, improved dynamic range, higher low-light performance, and the incorporation of artificial intelligence.
As per the UK Government, the UK automotive sector has benefited from the European region, with well-connected supply chains and a substantial demand for UK-built cars across the region, with a varied range of products covering volume, premium, and niche vehicles. The automotive sector in the UK increasingly adopts ADAS technologies, which rely on them to provide features, including adaptive cruise control, lane-keeping assistance, and automated emergency braking. The UK is actively involved in the development and testing of autonomous vehicles. Due to these aspects, the market will expand across the Europe region in the upcoming years.
The Germany market dominated the Europe Image Sensor Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,484.6 million by 2030. The UK market is exhibiting a CAGR of 10.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 12.5% during (2023 - 2030).
Based on Type, the market is segmented into CMOS (Front Side Illuminated (FSI), and Back Side Illuminated (BSI)), and CCD. Based on Vertical, the market is segmented into Consumer Electronics, Automotive, Defense & Aerospace, Industrial, Medical, Security & Surveillance, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Image Sensor Market will Hit $64.3 Billion by 2030, at a CAGR of 12.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sony Corporation, Samsung Electronics Co., Ltd. (Samsung Group), OmniVision Technologies, Inc., STMicroelectronics N.V., ON Semiconductor Corporation, Panasonic Holdings Corporation, Canon, Inc., GalaxyCore Shanghai Limited Corporation, PixArt Imaging, Inc., and Toshiba Corporation.
By Type (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Vertical (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Country (Volume, Thousand Units, USD Billion, 2019 to 2030)
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