Image Sensor Market
A new market study, titled “Image Sensor Market ” has been featured on Market Research Future.
Image sensors are integrated into devices for capturing images of all resolutions possible. They are classified as per sensor format, frame rate, pixel size, and resolution. Development of new sensors as per the miniaturization of processors and upgrades of software in novel devices can provide scope to the image sensor industry. The global image sensor market report by Market Research Future (MRFR) looks at various market dynamics and the impact of the COVID-19 pandemic for the period of 2015 to 2021 (forecast period).
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Market Scope
The global image sensor market is expected to grow above 10% CAGR over the forecast period. The major growth driver of image sensors are rising demand for camera enabled mobile phones, low power consumption and compactness of CMOS image sensor, and increased use of image sensors in biometric applications. Incorporation of high-resolution cameras with sensors in portable devices can bode well for the market. The influence of social media and allure of celebrity culture can drive its demand in new devices which are compatible with its subsequent upgrades. The sales of smartphones, wearables, and smart devices can influence the market demand greatly over the forecast period. Opportunities in machine learning and developments in camera vision and 3D can drive the market demand for image sensors. However, high power consumption in CCD image sensors and declining market of digital still cameras can hinder the growth of the image sensor market.
Segmentation
The global image sensor market is segmented by application, technology, operating spectrum, and array type.
By application, it is segmented into digital still cameras (DSC), mobile phones, security & surveillance, tablets, PC camera, automotive, and medical imaging.
By technology, it is segmented into CCD, CMOS, and others. The CMOS segment is expected to perform exceptionally owing to its integration in tablets, mobile phones, and PC cameras. On the other hand, CCD image sensors can face a decline in growth rate pegged at 2.5% CAGR over the forecast period. The low demand can be attributed to low costs of CMOS image sensors.
By operating spectrum, it is divided into visible and invisible.
By array type, it is divided into linear array type and area array type.
Regional Analysis
North America is leading the global image sensor market with the largest market share of close to 35%. The Asia Pacific (APAC) region is expected to grow at high CAGR during the forecast period 2016-2021 from USD 4 billion in 2016 to USD 8 billion by 2021. The large consumer base in China and India can drive the regional market growth. Large sales of smartphones and tablets can influence the growth of image sensors.
The European market for image sensors is expected to grow at above 5% CAGR over the forecast period. Developments in sensor architectures, innovations in artificial intelligence, and applications in aerospace, automotive, and healthcare can drive the regional market growth.
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