Market Analysis
The global image sensor market is predicted to touch USD 34.64 million at a 7.02% CAGR between 2018- 2025 states the recent Market Research Future (MRFR) analysis. Image sensor, simply put, is a photosensitive electronic device that converts light signals into digital signals. It has wide applications in medical, surveillance, automobile, consumer electronics, and others.
Various factors are propelling the global image sensors market share. As per the current MRFR report, such factors include demand for lower power consumption, camera-enabled phone, increasing use on biometric applications, CMOS image sensor’s compactness, growing use in industry quality control for improving product yield and spotting detective units in product lines, and innovations in technology. Additional factors adding market growth include new product launches, product development and upgrades, and increasing use in optical mice, virtual keyboards, video-conferencing applications, camcorders, and biometrics.
On the flip side, the huge power consumption of such sensors, the falling market of digital still cameras, and disruptions in the supply chain due to the ongoing COVID-19 outbreak are factors that may limit the global image sensor market growth over the forecast period.
Market Segmentation
- By technology, the global image sensor market is segmented into sCMOS, CCD, CMOS, and others. The CMOS segment is again segmented into back-side illumination, front side illumination (FSI), and others. Of these, the CMOS technology will lead the market over the forecast period.
- By optical format, the global image sensor market is segmented into non-linear and linear. The linear segment is again segmented into 3D and 2D processing. Of these, the 3D processing segment will dominate the market over the forecast period.
- By spectrum, the global image sensor market is segmented into invisible spectrum and visible spectrum. Of these, the visible segment will have a major share in the market over the forecast period.
- By application, the global image sensor market is segmented into medical, surveillance, automobile, consumer electronics, and others. The surveillance segment is again segmented into home security, drones, border security, night surveillance, and commercial security. The medical segment is segmented into ophthalmology, dermatology, dental, surgery, and endoscopy.
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Key Players
Leading players profiled in the global image sensor market report include Teledyne Technologies (US), SK Hynix Inc. (South Korea), GalaxyCore Inc. (China), PixArt Imaging Inc. (Taiwan), ON Semiconductor (US), OmniVision Technologies Inc. (US), Samsung Semiconductor Inc. (South Korea), and Sony Corporation (Japan) among others.
Regional Analysis
Based on the region, the global image sensor market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Growing research & development activities, rapid industrialization, increasing use in the automotive industry for safety-related mandates owing to increasing accidents are adding to the global image sensor market growth in the region.
The global image sensor market in Europe is predicted to hold the second-largest share over the forecast period. The presence of emerging economies such as Spain, Italy, Russia, Benelux, France, Germany, and the UK is adding to the global image sensor market growth in the region.
TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Image Sensor Market, By Segments
- Competitive Analysis
Continued…
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Image Sensor Market ResearchAccording to Market Research Future (MRFR)’s study, the global image sensor market has been prognosticated to expand at 10% CAGR over the forecast period 2016 to 2021.
Image sensors are widely used for biometric applications, bar code reading, and other 2D applications.
An increase in the application is projected backed by technological innovations which are poised to augment the market in the foreseeable future.The exponentially increasing demand for camera-enabled phones, wearable devices, etc.
is another major factor that is expected to lead the expansion of the image sensor market over the next couple of years.
Compactness is one of the key areas of focus responsible for driving innovations.
Furthermore, the emphasis is placed on low power consumption which is expected to support market growth over the review period.The growth of the end-user industries is poised to expedite the proliferation of the image sensor market in the years to come.
