CMOS Image Sensor Market Share

Regionally, the global CMOS image sensor market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region Asia Pacific industry is likely to dominate 45% revenue share by 2036, propelled by growing preference for facial recognition systems. The market is expected to grow at a CAGR of 7.01% during the forecast period. Growing preference for facial recognition systems is anticipated to boost the market growth. Also government initiatives for smart cities is expected to drive the growth over the forecast period. As part of the Internet of Things (IoT) Management Framework for Smart Cities, the Ministry of Electronics and Information Technology in India has tasked ERNET India and IISc with creating the LoRa gateway (pole gateway), a low-cost compute device that can connect to cameras, temperature, humidity, air quality, and other sensors.