The global low light imaging market is estimated at USD 12.1 billion in 2022 and is projected to reach USD 19.9 billion by 2027, registering a CAGR of 10.4% during the forecast period. The major drivers for the growth of low light imaging market include the integration of low light imaging sensors into cameras of smartphones and tablets, increasing deployment of advanced driver-assistance systems (ADASs) in automobiles, and growing use of low light image sensors in advanced medical imaging applications. However, declining demand for digital still cameras is likely to hinder the growth of low light imaging market.
The low light imaging market is dominated by the players Sony Group (Japan), Samsung Electronics Co., Ltd. (South Korea), OMNIVISION Technologies (US), STMicroelectronics N.V. (Switzerland), ON Semiconductor Corporation (US), Panasonic Holdings Corporation (Japan), Canon Inc. (Japan), PixArt Imaging Inc. (Taiwan), Hamamatsu Photonics K.K. (Japan), and Teledyne Technologies Incorporated (US), among others. Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as partnerships, collaborations, and acquisitions, to increase their competitiveness in the laser diode market.
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Sony is one of the major players in low light imaging market. The low light image sensors offered by Sony Group are deployed in automobile, industrial, security and surveillance, consumer camera, mobile, and polarization applications. Through its Imaging & Sensing Solutions (I&SS) business segment, Sony offers CMOS image sensors, charge-coupled devices, and large-scale integration systems. The Sony Semiconductor Solutions Group currently focuses on developing image sensors and parts, including microdisplays, large-scale integration (LSI), and laser diodes. In December 2021, Sony Semiconductor Solutions Corporation, a subsidiary of Sony Group, developed 2-Layer Transistor Pixel stacked CMOS image sensor technology. This innovative technology separates photodiodes and pixel transistors on various substrate layers. The architecture almost doubles the saturation signal level compared to traditional image sensors, increases the dynamic range, and minimizes noise, significantly enhancing imaging qualities. The technology’s pixel structure seeks to allow pixels to maintain or improve their existing properties at current and reduced pixel sizes.
Samsung Electronics manufactures and markets electronic products and computer peripherals. Image sensors offered by the company can be deployed in mobile imaging and automobile applications. The automotive-grade image sensors manufactured by Samsung Electronics possess improved detection, wide dynamic range (WDR), high-temperature clarity, and high-light sensitivity features. The mobile image sensors manufactured by Samsung Electronics offer smart WDR, improved light sensitivity, fast autofocus (AF), and low-light shooting (LLS) features. In June 2022, Samsung Electronics has launched the 200MP ISOCELL HP3, the image sensor with the industry’s smallest 0.56-micrometer (ìm)-pixels. ISOCELL HP3 also provides a low-light experience with the Tetra 2pixel technology. This technology enables the sensor to simulate a large-sized pixel sensor to take brighter and more vibrant shots even in dark environments, like indoors or at night.
Low Light Imaging Market by Technology (CMOS and CCD), Application (Photography, Monitoring, Inspection & Detection, and Security & Surveillance), Vertical (Automotive, Consumer Electronics, Medical & Lifesciences) and Region - Global Forecast to 2027
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