Image Sensor Market — Overview
The expanding market for smartphones that are fortified with cameras are the chief driving factor for the expansion observed in image sensors. Market reports associated with the semiconductors & electronics sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is projected to develop at a 10 percent CAGR in the duration of the forecast period.
The escalating application of CMOS image sensors in consumer electronics such as mobile phones, tablets, and PC cameras is driving the image sensor effectively. The development of this technology has opened up the market for image sensors leading to increased entry of market competitors which has created the setup for further growth of the market. The smart wearable segment is projected to increase the expansion of the market in the impending forecast period.
Segmental Analysis
The segmentation of the image sensor market is carried out on the basis of application, array type, technology and operating spectrum. By Application, the segment comprises of tablets, PC camera, mobile phones, automotive, medical imaging, digital still cameras (DSC), and security & surveillance. By Technology, the market segmentation consists of CCD and CMOS among others. By operating spectrum, the market segmentation consists of invisible and visible. By array type, the market segmentation consists of area array type and linear array type.
Detailed Regional Analysis
The regional analysis of the market for image sensors consists of APAC, North America, Europe and MEA and rest of the world. The North American region is leading the market for image sensor globally with a major market share, and thus accounting high market share above 35% approximately. The Asia Pacific region is anticipated to develop at high CAGR through the forecast period from a value of USD 4 billion in 2016 to USD 8 billion by 2021 approximately. Whereas, the European market for image sensors is likely to expand at above 5% CAGR approximately in the forecast period.
Competitive Analysis
The active incorporation of supply chain management is gradually enhancing the growth of the market. The critical success factors in the market are easily achieved in the market leading to an elevated pace of development in the forecast period. The enhanced level of importance on the variation of products is raising the number of customers in the market considerably. The extended viability of the market is highly dependent on the techniques and the strategic roadmaps that are engaged by market players. The innovation in products and services of the markets will alter the progression of the market substantially. The market appeal and competitors’ tendencies are noticeably improved by the strategies that are being exploited by market players. The market is significantly elevated by the developments that are occurring in the market.
The prominent players in the market for image sensors are Himax Imaging (Taiwan), OmniVision Technologies Inc. (U.S.), SK Hynix Inc. (Korea), Samsung Semiconductor Inc. (South Korea), Aptina Imaging Corporation (ON Semiconductor) (U.S.), Sony Corporation (Japan), GalaxyCore Inc. (China), and STMicroelectronics N.V (Switzerland) among others.
Industry Updates:
Jul 2018 Sony recently announced the impending release of an image sensor that will be capable of delivering smartphone cameras with 48 effective megapixels. This feature is expected to provide smartphone cameras with higher definition photographs.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the cmos image sensor market include ams AG, Canon Inc., GalaxyCore Shanghai Ltd. Corp., Himax Technologies Inc., and OmniVision Technologies Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global CMOS Image Sensor Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cmos-image-sensor-market/download-sampleMarket DynamicsThe growing use of digital cameras, smartphones, tablets, UAVs, and robots will drive the growth of the CMOS image sensor market.
CMOS image sensors are utilized in industrial robots, drones, and UAVs to analyze drone environments, detect, categorize and track objects, and enable surveillance cameras and robots to perform image-based inspection efficiently.
In the past few years, machine vision cameras are increasingly being integrated into the automation process of diverse manufacturing industries boosting its market significantly.
However, autonomous vehicle manufacturing companies rely on LiDAR (Light Detection and Ranging) technology rather than camera systems as it can detect objects in diverse environments and lighting conditions.
