CMOS Camera Market Anticipated to Grow Rapidly During 2027 with Key Players 2019-2029

(Markitwired via Comtex)

Over the last several years, imaging systems for securityapplications have grown significantly. Large, high-cost, and inefficientcameras mostly used for specific military and government applications have beenreplaced by compact, low-cost, low-power smart camera systems, becomingavailable not only for military and government purposes, but also for expandingcivilian security applications.

The global CMOS camera market is anticipated toexhibit a CAGR of 10% during the forecast period of 2019-2029. The impact ofthe ongoing COVID-19 pandemic on the market growth would be minimal, yet laborscarcity at manufacturing units is likely to be bottlenecked. While the effectof the virus is minor on various industry-adjacent sectors, such as the videosurveillance industry, possible rise in caseloads of COVID-19 will adverselyaffect the CMOS camera market. Further, restrictions in transportation andlogistics, both, locally and internationally, due to the pandemic, are expectedto hit the profit margins of CMOS camera manufacturers.

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"Theunique features of CMOS digital cameras find use in various applications,including network teleconferencing, videophones, guidance and navigation,automotive imaging systems, robotic and machine vision, and security &surveillance. Such security systems are equipped with several video cameras,communication devices, and computer software or certain kind of digital signalprocessors (DSPs) for real-time video analysis."

Key Takeaways of CMOS Camera Market Study

  • North America is expected to hold a significant share in the global CMOScamera market during the forecast period.
  • Low-light CMOS cameras are likely to capture a leading share in theglobal CMOS camera market among all camera types, as these cameras are widelyused for video detection and monitoring systems.
  • By pixel density (megapixels), less than 5MP is anticipated to retainits significant share in the global CMOS camera market over the coming decade,as this pixel density has high growth opportunities in the automotive industry.
  • The consumer electronics industry iswitnessing top-line growth all over the world. However, security &surveillance is estimated to continue to hold significant market share in theglobal CMOS camera market during the forecast period.

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Increasing Demand for Machine Vision toPropel Sales

  • Growthin machine vision adoption, with the convergence of advanced imaging analysis,robotics, and machine learning, is leading to new creative andnever-before-seen solutions for industrial vision applications. Machine visioncameras will remain critical to the development of next-level solutions in avariety of growing global markets. Moreover, CMOS cameras have taken over amajority of the machine vision market. CMOS chips yield higher quantumefficiency, and are expected to drive the growth of the global CMOS cameramarket, as they are used for near infrared (NIR), scientific, and life scienceapplications.
  • More Valuable Insights on CMOS CameraMarket
  • FutureMarket Insights offers an unbiased analysis of the global CMOS camera market,providing historical data of 2014-2018 and forecast statistics for 2019-2029.To understand the opportunities in the CMOS camera market, the market issegmented on the basis of camera type, professional services, pixel density(megapixels), and application, across seven major regions.

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COMTEX_390232057/2612/2021-07-22T06:30:37