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Global Image Detection Sensor Market :The increasing applications in end-use industries such as healthcare, consumer electronics, and automotive
The global image detection sensor market, as foretold by TMR, could rise at a 9.60% CAGR between 2016 and 2024, taking cue from its US$9.67 bn revenue earned in 2015. By the end of 2024, the market has been envisioned to earn up to a US$22.01 bn. By technology, complementary metal-oxide-semiconductor (CMOS) could take a dominant position in the market until the end of the forecast period. By region, Asia Pacific has been forecast to lead the market, considering its over 35.00% share achieved in 2015.
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Wide Scope of Applications in Smartphone Cameras Boosts Growth
The increasing applications in end-use industries such as healthcare, consumer electronics, and automotive have been anticipated to set the tone for a consistent growth in the world image detection sensor market. A substantial boost in the demand for image detection sensor could be expected by players operating in the market on account of a broad technological development witnessed in the industry. In the recent years, technologies such as charge-coupled device (CCD) and CMOS have found extensive applications in lighting solutions, tablet displays, rear and front mobile cameras, point-and-shoot cameras, and personal computer (PC) cameras.
Over the course of the next few years, the world image detection sensor market has been predicted to see a strong growth because of the cost-efficient use of the technologies. Besides this, the consumer electronics industry making available wide-ranging applications of image detection sensor for photography could create ample of opportunities in the market.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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