Global Image Sensor Market Emerging Trends And Competitive Landscape Forecast To 2024

1. Image Sensors Market – Analysis and Forecast (2014 - 2024)

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3. Image Sensors Market Industry Overview The global image sensors market was valued at USD 13.6 billion in 2017 and is expected to witness a CAGR of 10.3%, during the forecast period. The increasing acceptance for image sensing devices in the automobile domain along with excessive demand for enriched medical imaging systems are the major factors pertaining to the growth of image sensors market across the globe. Image sensors are rapidly being utilized in imaging devices and digital cameras for converting light received on the camera into digital imagery. Increasing demand for high-definition cameras, smartphones, and security cameras have upgraded the application of imaging sensors in various industry domains such as medical, industrial, consumer applications and media, which is supporting the growth of the image sensors market worldwide.

4. Image Sensors Market Growth Drivers Furthermore, extensive demand pertaining to improved medical imaging solutions widened accessibility and availability of image sensors technique along with reduced threshold due to improvement in technology. This is expected to bolster the growth of the image sensors market in healthcare domain across the globe. However, high cost pertaining to manufacturing is the major factor that is hampering the growth of image sensors market across the globe. On the basis of technology, the image sensors market is segmented into the charge-coupled device, complementary metal-oxide-semiconductor and others. Among all these segments, complementary metal-oxide-semiconductor hold the largest share in the global market due to its features such as lower power consumption and decreased size of the system.

5. Image Sensors Market Geographic Overview: Asia-Pacific hold the largest share in the image sensor market, globally. The growth of image sensors market in this region is due to increasing industrialization and research and development activities. Additionally, an increasing requirement of safety-related directives in the automotive domain is increasing due to large number of accidents cases. Industrial segment is further classified into industrial surveillance and monitoring, machine vision and robotic vision. Among all these segments, consumer electronics account for the largest revenue in the global market due to increasing up gradation in the CMOS technique that has significantly impacted the dissemination of image sensors into smart devices. Moreover, extensive demand for dual and secondary camera in smartphones is further strengthening the growth of image sensors market across the globe. Explore Full Report Description At: https://www.vynzresearch.com/ict-media/image-sensors-market

6. Image Sensors Market Competitive Insight The key players in the image sensors market include Sony Corporation, Samsung Electronics Co. Ltd., OmniVision Technologies Inc., Panasonic Corporation, Canon Inc., Toshiba Corporation, SK hynix Inc., STMicroelectronics N.V., ON Semiconductor Corporation and Hamamatsu Photonics K.K

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