A recent report published by Infinium Global Research on image sensors market provides an in-depth analysis of segments and sub-segments in the global as well as regional image sensors market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional image sensors market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global image sensors market. According to the report, the global image sensors market is projected to grow at a CAGR of 7.8% over the forecast period of 2018-2024.
Image sensor converts optical images into electronic signals and transfers information used to make an image. Two types of image sensors are a charged-coupled device (CCD) and complementary metal oxide semiconductor (CMOS) sensors. Images produced by charged-coupled device (CCD) sensors provide high quality with low noise and low complexity. The processing speed of the CCD sensor is in the range of moderate to fast. While CMOS sensor use integrated circuit technology to capture images. Using conventional manufacturing process CMOS sensor integrated onto a single chip that provides higher-level performance. Imaging devices used in image sensors are camera modules, digital cameras, personal digital assistants (PDAs), security cameras, machine vision, and security and surveillance cameras. Image sensors used in applications such as automotive, aerospace, biometrics, media sectors, and defense.
Rising adoption and demand of image sensor in high-definition cameras, smartphones, and camcorders and security cameras drives the growth of image sensor market. Charged-coupled device sensors play a major role in digital medical imaging. Rising demand for medical imaging solutions owing to effectiveness in medical treatment and applications of image sensors in advance technologies such as backside illumination used in medical imaging boosts the growth of image sensor market. Furthermore, growing adoption of CMOS sensor in the automotive industry owing to use of CMOS sensors in a car that is equipped with advanced driver assistance systems such as blind spot detection, backup cameras, gesture recognition, and collision avoidance fuels the growth of image sensor market. Technological advancement in CMOS image technology and higher-level performance of CMOS sensor in several applications propels the growth of image sensor market. However, the high manufacturing cost of the image sensor may hinder the growth of image sensor market in the near future. Technological advancements in image sensors are providing beneficial opportunities for image sensor market.
Geographically, Asia Pacific dominates image sensors market. Growing adoption of CMOS sensor in the automotive industry for various applications drives the growth of image sensor market in the region. Presence of major manufacturers and availability of economy vehicles in the region is expected to increase the demand for the image sensor. Furthermore, government initiatives regarding public safety in the region drive the growth of image sensor market. North America expected to boost the growth of image sensor market owing to increasing research and development activities in the region. In North America, demand for CMOS sensor has increased owing to industrialization and the need for advanced driver assistance system in the automobile industry drives the growth of image sensors in the region.
The report on global image sensors market covers segments such as types, processing type, array, and application. On the basis of types, the sub-markets include a charged-coupled device (CCD), and complementary metal oxide semiconductor (CMOS). On the basis of processing type, the sub-markets include a 2D image sensor and a 3D image sensor. On the basis of the array, the sub-markets include an area image sensor and a linear image sensor. On the basis of application, the sub-markets include consumer electronics, industrial, healthcare, automotive & transportation, security & surveillance, and aerospace & defense.
The report provides profiles of the companies in the market such as Canon Inc., Aptina Imaging Corporation, Omnivision Technologies Inc., CMOSIS N.V., Samsung Electronics Co., Ltd., Sony Corporation, ON Semiconductor Corporation, Teledyne DALSA Inc., STMicroelectronics N.V, and Toshiba Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of image sensors market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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