Press release
Image Sensors Market Projected to Reach USD 23.97 Billion at 10.93% CAGR Till 2023 | Aptina Imaging, Canon, CMOSIS NV, Omnivision Technologies, ON Semiconductor, Samsung Electronics, Sony, Toshiba
Image Sensors Market
Overview of the Global Image Sensors Market:
The Global Image Sensors Market was valued at USD 12.87 Billion in 2017, and is expected to reach a value of USD 23.97 Billion by 2023, at a CAGR of 10.93%, during the forecast period (2018 - 2023).
The scope of the image sensors market has been segmented based on type, application, and region. The type segment includes CCD and CMOS, applications are limited to consumer electronics, healthcare, industrial, security & surveillance, automotive & transportation, aerospace & defense. The regional landscape of the report includes North America, Europe, Asia-Pacific, and Rest of the World.
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Automobile Industry has a Fastest Growth Rate Amongst Others; Automotive & transportation is one of the fastest growing markets for image sensor. Due to the increasing purchasing power of the millennial population, there is a continuous demand for passenger cars. According to OICA, global passenger was estimated to be 72.10 million units in 2016 and the demand is expected to be continue during the forecast period.
CMOS Image Sensor Holds a Major Market Share compared to CCD; CMOS (Complementary Metal-Oxide Semiconductor) sensor is an imaging sensor currently being used in most of the cameras and other image capturing devices. CMOS sensor is comparatively very cheap than its counterpart, CCD (Charged-Coupled device). In addition, rapid innovations in the CMOS technology have been able to deliver faster shutter speeds, while providing high-quality images. With the increasing need for high-definition image capturing devices in industries, the CMOS technology has been witnessing high adoption rate and demand is expected to be intact in the coming years.
Regionally, North America is one of the largest markets for image processing technological research, globally. The market in the region is mainly due to growing R&D activities and industrialization. Automotive is one of the largest markets in North America, where the United States is having the largest market share. Safety-related mandates in the automotive industry in North America are rising because of the rising accidents. This rise in accidents rate is increasing the need for ADAS in the automobile industry, with incorporation of advanced image sensing capabilities acting as a major market driver, and influencing the market growth in the region. Even the traffic federal regulations mandating the use of advanced image sensors from heavy vehicles to commercial vehicles for emergency preparedness have also contributed to the growth of the image sensors market.
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Major Key Players:
1 Aptina Imaging Corporation
2 Canon Inc.
3 CMOSIS N.V.
4 Omnivision Technologies Inc.
5 ON Semiconductor Corporation
6 Samsung Electronics Co., Ltd.
7 Sony Corporation
8 STMicroelectronics N.V
9 Teledyne DALSA Inc.
10 Toshiba Corporation and More…………….
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
3 Which are the leading market products, applications & regions and how will they perform by 2023?
4 What are the technologies & innovation trends, how will they evolve by 2023?
Table of Contents:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Key Inferences
5 Market Overview
6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)
7 Market Segmentation
8 Competitive Landscape
9 Key Players
10 Future Outlook of the Market
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