The CMOS & sCMOS image sensor market is anticipated to expand at 10.72 % CAGR during the forecast period (2017-2027) owing to the high demand for digital cameras. Image sensors detect and provide related information about an image. It is majorly used in imaging devices and digital cameras to transform light into a digital image.
With the increasing demand for smartphones with in-built cameras, the global market for CMOS and sCMOS is predicted to flourish at a rapid pace. Growing use of image sensors in biometric applications, compactness of CMOS image sensors, and low power consumption are among the other factors affecting the market positively over the review period. Leading industrial players have invested in the development of image sensors as they have a wide range of applications. This is further stimulating the growth of the market. Implementation of CMOS image sensors in consumer as well as automotive sector along with its 4K pixel technology is fuelling the market growth in the security and surveillance sector. Also, growing demand for digital cameras for personal and professional use is also acting as a growth driver over the assessment period.
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Major Key Players
Galaxy Core Inc. (China),
Sony Panasonic Corporation (Japan),
SK Hynix Inc. (South Korea),
Samsung electronics (South Korea),
Canon Inc., (Japan)
Omni Vision Technologies Inc. (US) and Toshiba Corporation (Japan) are some of the leaders driving the Global CMOS and sCMOS Image Sensors Market. Profiling those in its analysis MRFR finds out their strategies placing them at the forefront of completion.
According to MRFR, The global CMOS & sCMOS image sensor market is projected to reach USD 30.84 billion at a CAGR of over 10.72% by the end of the forecast period.
By Technology: BSI is dominating the market of CMOS & sCMOS Image Sensor by technology in the year 2017 and is growing at the highest CAGR of 20.41%.
By Specification: Image processing type is dominating the market of CMOS & sCMOS Image Sensor by specification in the year 2017 and is growing at the highest 19.74% CAGR.
For an easy grasp and enhanced understanding; the report is segmented in to 4 Key dynamics
By Processing & Spectrum: Comprises 2D, 3D Processing, Visible Spectrum and Invisible Spectrum & others.
By CMOS Technology: Back side illumination (BSI), Front side illumination (FSI) & others.
By Application : Surveillance and Medical, Consumer Electronics, Automobile, Aerospace and Defence & others.
By Region: North America, Europe, APAC and Rest of the World.
The global market of CMOS and sCMOS Image sensors is led by North America. Owing to the growing consumer electronics market &other portable devices, North America owns the largest market share and therefore accounting for astronomical market value and is expected to grow over its previous growth records by 2027.
CMOS and sCMOS Image sensor market in Europe is projected to register a substantial CAGR during the forecast. Asia-Pacific market becoming the fastest growing market is expected to grow at a substantial CAGR during the forecast period.
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