What Are the Key Factors for Image Sensors Market to Rise in Asia-Pacific?

Asia-Pacific Image Sensors Market Report, published by Allied Market Research, forecasts that the Asia-Pacific market is expected to garner $20,995 million by 2022. CMOS image sensor segment is expected to dominate this market from 2015 and 2022. In the year 2015, China accounted for 28% share of the market, and is anticipated to continue its dominance.

Increase in proliferation of smartphones, rise in investment in automotive sector by automotive companies and growth in demand for security & surveillance in public places are the major factors that drive the market growth. In addition, government rule on implementation of driver assistance system on vehicles and increase in adoption of BSI technology are expected to boost the growth of the market. However, decline in adoption of CCD image sensor and high manufacturing cost of image sensors are the limitations that hamper the market growth.

Complementary metaloxidesemiconductor (CMOS) image sensors accounted for about 91% of the overall Asia-Pacific image sensors market in 2015, as it is the most commonly used technology for designing of image sensors. CMOS image sensor segment shows high growth rate, and is projected to register a CAGR of 13.8% during the forecast period. Growth in demand for high-resolution camera-enabled smartphones and increase in investment into production of CMOS sensors by major players are anticipated to supplement the growth of CMOS image sensor market.

Consumer electronics segment is projected to maintain its dominance in the
Asia-Pacific image sensors market, owing to significant adoption of smartphones & tablets, growth in demand for high-quality video cameras, and upsurge in use of image sensors in low-cost smartphones & tablets. Furthermore, automotive segment is anticipated to exhibit the highest growth with a CAGR of 19.5% due to mandatory government regulation on driver assistance systems in vehicles, increase in adoption of ADAS, and heavy investment in autonomous cars.

Have Any Query? Ask Our Experts: https://www.alliedmarketresearch.com/request-sample/1163?utm_source=OPR_V

China accounted for 28% of revenue in 2015 and is expected to maintain its dominance throughout the forecast period. This is attributed to the investor-friendly government policies and huge consumer base. Moreover, India is estimated to register the highest CAGR of 16.5%, owning to large base of smartphone users and supportive FDI regulations.

Key Findings of the Asia-Pacific Image Sensors Market:
• In the year 2015, CMOS technology generated the highest revenue, accounting for about 90% share of the overall market, and is projected to grow at a CAGR of 13.8% during the forecast period.
• Automotive segment is expected to grow at the fastest CAGR of 19.5%.
• China and Japan are the key regions of the Asia-Pacific image sensors market, jointly accounting for more than 53% share.

The key players in this market have adopted product development and product launch as their key strategies to keep pace with the changing demands of consumers. Furthermore, companies have launched cost-effective and technologically efficient products to strengthen their market position. The
key players profiled include Sony Corporation, Samsung Electronics Co. Ltd., Himax Technologies, Inc., Omni Vision Technologies, Inc., Galaxy Core Shanghai Corp Ltd., ON Semiconductor Corporation, SK Hynix, Inc., Toshiba Corporation, Panasonic Corporation, and SuperPix Micro Technology Co., Ltd.

For Purchase Report Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1163?utm_source=OPR_V
 

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.