Sarasota, FL — 12/27/2017 — According to the report, global image sensor market was valued at around USD 11.43 billion in 2016 and is expected to reach approximately USD 20.81 billion in 2022, growing at a CAGR of slightly above 10.5% between 2017 and 2022.
Image sensors are mainly used in digital cameras and in a large number of imaging devices used in industrial, media, medical, and consumer applications. Growing demand for cameras, smartphones, and security cameras the image sensors market is experiencing significant growth. Furthermore, growing competition between established charge-coupled device (CCD) image sensors and the new complementary metal oxide semiconductor (CMOS) image sensors is impelling growth of this industry. With CMOS image sensors improving gradually and moving toward higher-level performance with better integration capabilities and cost advantages. The main difference between the two types of sensors is that Pixels in a CCD image sensor capture the light and move it to the edge of the chip where it is converted into a digital signal. In contrast, pixels in a CMOS sensor capture light and directly convert it into a digital signal. Uptake of CMOS image sensors in automotive and consumer electronics devices is anticipated to be growth drivers for the CMOS image sensor market. However, declining growth of still cameras and high manufacturing cost of image sensors are restraining the growth of this market. Nonetheless, increasing application of these sensors in gesture recognition devices, self-driving car and in body worn camera application will give momentum to the image sensor market during the forecast period.
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Market segmentation of the image sensors is done on the basis of technology, array type, application, and region. Technology is classified by CMOS image sensor, CCD image sensor, and a hybrid image sensor. CMOS image sensor held the largest share in 2016 due to advance feature and cost-effective technology use in this sensor. The hybrid image sensor is composed of CMOS and CCD use for cameras and other camera recording devices.
By array type, the global image sensor market share is bifurcated into linear image sensor and area image sensor. Application wise the market is segmented into aerospace, automotive, consumer electronics, healthcare, industrial, entertainment, security & surveillance, and other applications that include motion capture, barcode, and document scanner. Consumer electronics segment is leading segment in terms of revenue, as increasing expenditure for handheld devices across the globe. In addition, the growing awareness about driver assistance and driver safety in the automotive sector is giving traction to the global image sensor market.
Browse the full ” Image Sensor Market by Technology (CMOS Image Sensor, CCD Image Sensor, and Hybrid Image Sensor) for Aerospace, Automotive, Consumer Electronics, Healthcare, Industrial, Entertainment, Security & Surveillance and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022.” report at https://www.zionmarketresearch.com/report/image-sensor-market
Region wise, the image sensor market is fragmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia-Pacific region is held largest share in 2016 and will be expected to record the highest revenue generation for the global market over the forecast period. Increasing expenditure on consumer electronics products and presence of various consumer electronics related industries is boosting the demand of image sensor market in economically emerging countries such as Japan, India, and China. The government initiatives toward safety at public places and growing infrastructure development in India are anticipated to surge the demand of this market. The government initiatives, such as Make in India and Digital India are giving traction to boost the penetration of smartphones and other consumer electronics in the region. In addition, availability of high-end luxury as well as economy vehicles is impelling the growth of this industry. Growing need for enhanced safety and security solutions, a better alternative for conventional technology and rise in image sensing technology are expected to be major factors driving the image sensors market in the Asia Pacific. North America is a second largest region in terms of share due to large consumer electronics market and usage of mobile devices and other portable devices are increasing at a high rate.
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Latin America and Middle East & Africa are anticipated considerable growth over the forecast period. The Cost-effectiveness of CMOS image sensor technology has made it popular in Latin America, Middle East and Africa region driving the growth of image sensors market. Major players in the market are launching a variety of products and are strategically expanding their geographic reach. Presently, technological development being witnessed in the image sensor market owing to rising demand for electronic devices such as camcorders, cameras, smart mobile phones and security surveillance.
The major players operating in data center security market are ABB Ltd, Vishay Intertechnology, Inc, Delphi Automotive LLP, Honeywell International, Inc, Raytek Corporation, Meggitt Sensing Systems, Analog Devices Inc., Infineon Technologies AG, Motorola Solutions, Inc., Robert Bosch GmBH, and Siemens AG, among others.
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The report segments global image sensor market as follows:
Global Image Sensor Market: Technology Segment Analysis
1 CMOS image sensor
2 CCD image sensor
3 Hybrid image sensor
Global Image Sensor Market: Array Type Segment Analysis
1 Linear image sensor
2 Area image sensor
Global Image Sensor Market: Application Segment Analysis
1 Consumer electronics
5 Security & surveillance
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