Image Sensors Market to Grow at a CAGR of 12.84% till 2020

02/feb/2016 12.51.36 IndustryARC Contatta l'autore

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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 Rresearch, 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.

Browse 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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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

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