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03-16-2019 04:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

The CCD image sensors market was valued at USD 1.63 billion in 2017, and is expected to reach USD 2.31 billion by 2023, at a CAGR of 6.02% over the forecast period (2018-2023). The scope of the report includes insights on the solutions offered by major players, including providers of hardware, professional services, and integration solutions. The regions included in the study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study also emphasizes on various end-user-based application such as industrial, healthcare, aerospace & defense, etc.

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Key Developments in the Market
August 2017 - Hamamatsu Photonics K.K. developed a new streak camera, FESCA-100, which achieves the world’s highest level of temporal resolution because of a newly developed structural design. The FESCA-100 can measure optical phenomena in 100 femtoseconds (one-quadrillionth of a second) with a temporal resolution twice as high as conventional products.

The major players include –

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Asia-Pacific is the Dominating Market in Terms of Demand
Asia-Pacific dominated the global CCD image sensors market due to the demand generated from China and India. China is considered the manufacturing hub of the world and the demand for the CCD image sensors is high in the consumer products requiring high image quality for the usage. China and India also plan to install CCTV camera devices with the strategic goal of developing smart cities. It is expected that for strategic places that require high-quality images, CCD image sensors may experience increased demand. The high growth of the market is mainly attributed to the rising purchasing power of the consumers, government expenditure in surveillance-related infrastructure, and increasing exposure to technological advancements. North America is the second largest market for CCD-based image sensors.

CMOS Image Sensors are Competing with Ongoing Technological Advancements
CCDs uses a special manufacturing process to create the ability to transport charge across the chip without distortion. This process leads to very high-quality sensors in terms of fidelity and light sensitivity. CMOS chips, on the other hand, use traditional manufacturing processes to create the chip, the same processes used to make most of the microprocessors. CCDs tend to be used in cameras that mostly focus on high-quality images with a lot of pixels and excellent light sensitivity requirement. CMOS sensors traditionally have lower quality, lower resolution, and lower sensitivity, thus resulting in a rather low-quality image compared to CCDs. Although numerous differences exist between the two sensors, they both play the same role in the camera - they turn light into electricity. CMOS sensors are just now improving to the point where they are almost at par with CCD devices in some applications. CMOS cameras are usually less expensive and have great battery life. Thus, they are preferred in such applications where the tradeoff for image quality is possible for a longer battery life.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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ProgMarkPvt Ltd,
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Contact No: +1 973 241 5193

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