An image
sensor is a device used to convert an optical
image presented by a lens into an electrical signal, which is mostly used
in digital cameras, camera modules, and other imaging devices. Today, most
imaging devices make use of either a CCD
or CMOS sensor.
Image Sensors Market has
constantly experienced significant demand in the past 5 years. This growing
popularity has made the manufacturers highly competitive to stay updated and
devise new and advanced solution to enhance pixel size, pixel count,
resolution, and performance. These high-end properties help them to maintain
the demand for image sensors in the
global market.
According to IndustryARC Market Research, the
Image Sensors Market is projected to
reach $17.8 Billion by 2020 and will
grow at 12.84% CAGR during the forecast period 2014-2020.
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140 Pages and an in-depth TOC on “Image
Sensors Market”: http://industryarc.com/Report/15000/image-sensors-market.html
MARKET
TRENDS AND MARKET GROWTH:
Geographical
Gist of the Image Sensors Market:
North America has been the leading region in Image Sensors Market in the last few
years followed by APAC, confirms market research study. Whereas, APAC would
lead the Image Sensors Market by the
end of 2020, according to projections; and would contribute to a huge share of
the overall revenue, owing to the significant increase in demand for consumer electronics and use of robotics, machine vision
based systems in the Asian market.
Segment
Wise Analysis:
The automotive
sector is expected to grow at a high CAGR during the forecast period
2014-2020. Consumer electronics was noted to have held the major share of the Image Sensors Market earlier. The
growing trend of dual camera mobile phones is expected to double the shipments
of image sensors, thus driving the consumer electronics sector of the Image Sensors Market. CMOS is winning
the battle against the CCD segment of the total market.
Market
Applications Brief:
Predominantly, image sensors are used in digital cameras and several imaging
devices. These devices find their application in various sectors such as
industrial, medical, consumer electronics and so on. Owing to the growth in
digital cameras, camcorders, smartphones, tablets and security cameras (CCTVs),
the image sensors are witnessing significant growth across the globe.
Major
Image Sensors Market Driving Factors:
- Growing popularity of dual camera-enabled mobile phones
- Growing usage of webcams in tablets and laptops
- The growing awareness among various regions regarding the driver assistance and safety offered by advanced driver assistance systems (ADAS) is driving the adoption of image sensors in the automotive sector
- Availability of low-cost CMOS image sensor
- and other advanced technologies in the automotive sector
Restraining factors for the development of Image Sensors Market would be the
declining demand of still camera and high maintenance cost of image sensors.
The diminishing CCD technology presents a major challenge for the OEMs of Image
Sensors Market . But the
technological advancements and newer updates on the same will prove useful to
the overall market in the future few years.
REPORT
SCOPE: Market Segmentation:
The Image
Sensors Market is segmented into 3 broad types based on the following given
research factors:
- By Technology: CMOS, CCD, CIS and Others.
- By Application: Consumer Electronics, Medical Devices, Industrial, Security & Surveillance, Aerospace & Defense, Transportation and Others.
- By Geography: Americas, Europe, APAC and ROW.
Key
Players of Image Sensors Market:
Few notable competitors of the Image Sensors Market which are studied,
analyzed and mentioned in this market research report by the experts of
IndustryARC are as follows:
- Omnivision Technologies Inc.
- On Semiconductor Corporation
- Samsung Electronics Co., Ltd.
- Sony Corporation
- Canon Inc.
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