Image Sensor Market – Overview
The global image sensor market is set to capture 8% CAGR between 2015 and 2021 reports Market Research Future (MRFR). Additionally, the market is estimated to reach a valuation of USD 16 Bn by the end of the forecast period. Image sensors are used in a wide-range of electronics products, which smartphones, biometric device, cameras, tabs, etc.
Over the years, image sensor technology has evolved dramatically, the introduction of CMOS sensors is considered a stepping strong. CMOS sensors are witnessing widespread application owing to its application prospects. CMOS image sensors are witnessing rapid adoption in disciplines such as mobile phone, automotive, digital still cameras among others. CMOS image sensors have come with characteristics such as low power consumption, high flexibility, low voltage, miniaturization and low cost. Such technological characteristics make them suitable for use in medical and security application. Image sensors are also gaining traction in biomedical applications. The automotive sectors and consumer electronics industry also offers tremendous market opportunity for image sensor.
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The global image sensor market is expected to benefit from the rapid uptake of image sensors in various automotive application such as rear corners, safety and security system, lane departure warning system and advanced driver assistance system. The factors aforementioned is expected to support the market growth during the forecast period.
Some of the major players in global Image Sensor Market includes Sony Corporation (Japan), Samsung Semiconductor Inc. (South Korea), OmniVision Technologies Inc. (U.S.), Aptina Imaging Corporation (ON Semiconductor) (U.S.), Himax Imaging (Taiwan), GalaxyCore Inc. (China), SK Hynix Inc. (Korea), and STMicroelectronics N.V (Switzerland) among others.
The segmental analysis of the market has been conducted based on application, technology, array type and operating spectrum.
On the basis of application, the market has been segmented into tablets, Digital Still Cameras (DSC), Medical Imaging, mobile phones, security & surveillance, automotive and PC Camera. The mobile phones segment is expected to remain highly attractive during the assessment period. This is mainly owing to the rising number of smartphone users across the world. On the basis of array type, the market has been segmented into area array type and linear array type. On the basis of technology, the market has been segmented into CMOS and CCD. CMOs segment is expected to witness a healthy growth during the forecast period. Whereas, sales of CCD image sensors are likely to slowdown in the forthcoming years. On the basis of operating spectrum, the market has been segmented into invisible and visible.
Detailed Regional Analysis
Asia Pacific (APAC) and North America have emerged as the standout markets for image sensor. Both the regions will remain in contention for the top position during the forecast period. In North America, the U.S. remains the key destination for market players. Meanwhile, the APAC image sensor market continues to witness tremendous growth fuelled by the growing demand for products such as smartphone, tab, wearables, etc. Moreover, the market in APAC is also benefiting from the exponential growth of the electronics manufacturing industry in the region. Countries such as China, India, Taiwan and the ASEAN belt is witnessing a tremendous growth in the smartphone users, which is reflecting favourably on the market.
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Global Electronics Company Sony has recently unveiled an innovative camera – “FX9”, which is integrated with 6k full-frame sensor. The company disclosed the product at IBC 2019 held in Amsterdam. The high-performance camera come with Fast Hybrid Auto Focus (AF) system.
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