Image Sensor Market Worth 17.5 Billion USD by 2020
PUNE, India, October 23, 2015 /PRNewswire/ --
The report "Image Sensor Market by Type (CMOS, CCD, and Others), Specification, Application (Aerospace, Automotive, Consumer Electronics, Healthcare, Industrial, Entertainment, and Security & Surveillance), and Region - Global Forecast to 2020", published by MarketsandMarkets, market is estimated to reach USD 17.5 Billion by 2020, at a CAGR of 10.30% between 2015 and 2020.
Browse 71 Tables and 88 Figures spread through 180 Pages and in-depth TOC on "Image Sensor Market".
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The advancement in image sensors has supported its implementation in various imaging devices such as digital cameras and camera modules for consumer electronics, medical imaging, and automotive sector. The two major types of image sensor technologies are CMOS and CCD.
The Image Sensor Market is segmented on the basis of technology, specification, and application. On the basis of application, the market is segmented into aerospace, automotive, consumer electronics, healthcare, industrial, entertainment, security & surveillance, and others. The others application includes motion capture and barcode and document scanners. The automotive sector is expected to grow at a high CAGR of 15.91% between 2015 and 2020. The growing awareness among various regions regarding the driver assistance and safety offered by advanced driver assistance systems (ADAS) is driving the adoption of image sensors in the automotive sector. Consumer electronics held the major share of the image sensor market. The growing trend of dual camera mobile phones is expected to double the shipments of image sensors, thus driving the consumer electronics sector of the image sensor market.
The report includes a brief description of the factors driving and restraining the growth of the market as well as the opportunities and challenges. The factors driving the market include dual camera-enabled mobile phones, growing usage of webcams in tablets and laptops, ADAS and other advanced technologies in the automotive sector, and availability of low-cost CMOS image sensor. The declining demand of still camera and high maintenance cost of image sensors are the major restraining factors for the growth of the market. The diminishing CCD technology presents a major challenge for the OEMs of image sensor market.
This report gives a detailed view of the market across the four major geographical regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Asia-Pacific dominated the image sensor market with the largest market share of ~37% in 2014; it is expected to grow at a high CAGR of 11.88% between 2015 and 2020. However, the markets for in North America and Europe are expected to grow at CAGR of 9.39% and 8.65%, respectively, between 2015 and 2020.
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The major players involved in the development of the image sensor market include CMOSIS NV (Belgium), e2v technologies Inc. (U.K.), GalaxyCore Inc. (China), OmniVision technologies Inc. (U.S.), ON Semiconductor (U.S.), Panasonic Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Sharp Corporation (Japan), SK Hynix Inc. (South Korea), Sony Corporation (Japan), Teledyne Technologies, Inc. (U.S.), and Toshiba Corporation (Japan).
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