San Francisco, 17 June 2020 — “Image Sensor Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2027”
Global Image Sensor Market size is expected to value at USD 26.41 billion by 2024. The market is subject to witness a substantial growth due to the growing demand for the miniature pixel devices offering superior resolution and cost efficiency. The image sensors are adopted to limit the natural light degradation and offer enhanced image quality. Standard quality images can only be achieved by reducing pixel size. Globally, the image sensor industry is predicted to display higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the image sensor technology.
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Growing investment by industry participants in the research & development activities to gain competitive edge over their counterparts is anticipated to favor market expansion in the near future. Development of cost-effective, compact, high performance and energy efficient sensors are propelling the growth of image sensor industry as well. Incorporation of miniature image sensors in various handheld electronic devices such as smartphones and digital cameras is gaining positive traction among end-users.
Soaring demand for image sensors from surveillance & security sector owing to the prevalence of terrorist activities and theft, thus bolstering market growth in the recent years. Increasing adoption of image sensors to carry out surveillance & security in public areas such as public parks, public squares, malls, and railway stations is expected to positively affect market growth in the upcoming years.
This report studies the global Image Sensor market status and forecast, categorizes the global Image Sensor market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
This research report offers a comprehensive analysis of key elements of the Image Sensor Market such as potential top key Manufacturers along with their strengths and weaknesses. The Image Sensor Market report also comprises some useful strategies and scenario for the new players in the market. While forecasting the growth of the global Image Sensor market, various statistical tools were utilized to get an accurate result of the Demographic data.
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Market AnalysisThe 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.
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.
The CMOS segment is again segmented into back-side illumination, front side illumination (FSI), and others.
The medical segment is segmented into ophthalmology, dermatology, dental, surgery, and endoscopy.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/956 Key PlayersLeading 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.
Image Sensor Market AnalysisAccording to a new report by Market Research Future (MRFR), the global image sensor market is expected to touch a revenue of USD 19,615 million by 2023.
The market is anticipated to witness 14 % CAGR during the assessment period (2017-2023) owing to the growing demand for camera-enabled cell phones.
Image sensor being one of the most lucrative businesses is the company’s primary focus area.Drivers and Restraints Affecting the MarketThe emerging trend in image sensor market is its application in several industries.
For instance, Sony Corporation has come up as a separate company for profitable image sensor division.
Samsung has also developed an advanced pixel technology in CMOS image sensor called ISOCELL.
In order to meet the growing demand of image sensor in high-end photography, mobile imaging, and security and surveillance application, the company has converted one of its water fabrication lines into CMOS sensors.Owing to the growing demand for low power consumption, camera enabled mobile phone, growing use in biometric applications, and compactness of CMOS image sensor, the global market for image sensor is likely to propel over the forecast period.
Market HighlightsThe CMOS image sensor segment is projected to be the fastest-growing technology during the period 2015 to 2024.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 miniaturization.
In addition,surveillance and security systems enable a human operator to remotely monitor activities over large areas.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/850Key Players: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. (U.S.), Aptina Imaging Corporation (ON Semiconductor) (U.S.), Himax Imaging (Taiwan), GalaxyCore Inc. (China), SK Hynix Inc. (Korea), and STMicroelectronics N.V (Switzerland) and othersConsumer electronics and automotive are the one of largest image sensor marketThe 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.North America and Asia-Pacific regions to dominate the Image Sensor Market Information in 2015The North America region was the largest market for image sensor device in 2014.
Asia-Pacific image sensors market is expected to grow at 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 budget in the developing countries has boosted the demand of camera system in recent years.
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.
