Image Sensor Market Study Navigating the Future Growth Outlook
Published on : Wednesday 26-05-2021
The CMOS image sensor segment is projected to be the fastest-growing technology during the period 2015 to 2024.
May 2021 – Market research future published a cooked research report on Image sensor market is expected to grow with a CAGR of more than 8% from 2015 to 2021, and due to this it is predicted to cross USD $16 billion by 2021. For the Global image sensor market drivers are raising demand for camera enabled mobile phones, low power consumption and compactness of CMOS image sensor, and increased use of image sensors in biometric applications.
Rapid development of low-power CMOS image sensors allows their penetration into various disciplines such as automotive, mobile phones, digital still cameras and others. CMOS image sensors offer considerable advantages in terms of flexibility, low power, low cost, low voltage, and miniaturisation. These features make them very suitable for security and medical applications. CMOS image sensors medical applications open new perspectives for invasive medical devices, such as wireless capsules for gastrointestinal tract observation. In addition, surveillance and security systems enable a human operator to remotely monitor activities over large areas.
The factors driving the global image sensors market are growing use of image sensors for biomedical applications, camera enabled mobile phones and others. Increasing usage of image sensors in automotive applications such as lane departure warning system, rear corners, advanced driver assistance system, safety and security system and others, are laying new opportunities for the image sensors market.
The North America region was the largest market for image sensor devices in 2014. Countries such as the US, Canada, and Mexico are major consumers of image sensor devices. Asia-Pacific image sensors market is expected to grow at the highest rate during the forecast period attributed to rising demand of consumer electronics products. The growth of the smartphone and feature phone in addition with rising homeland security budgets in developing countries has boosted the demand of camera systems in recent years. Japan, China, India and Taiwan are some of the major markets of image sensors in Asia-Pacific.
This report includes a study of strategies of major market players. It includes the product portfolios, developments of leading major players such as Sony Corporation (Japan), Samsung Semiconductor Inc (South Korea), OmniVision Technologies Inc (US), Aptina Imaging Corporation (ON Semiconductor) (US), Himax Imaging (Taiwan), GalaxyCore Inc (China), SK Hynix Inc (Korea), and STMicroelectronics NV (Switzerland) and others.
For more details visit: https://www.marketresearchfuture.com/reports/global-image-sensor-market-956
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)