Good News is "Image Sensor Market worth 17.5 Billion USD by 2020"

The report "Image Sensor Market by Type (CMOS, CCD, and Others), Specification, Application (Aerospace, Automotive, Consumer Electronics, Healthcare, Industrial, Entertainment, and Security & Surveillance), and Region - Global Forecast to 2020", market is estimated to reach USD 17.5 Billion by 2020, at a CAGR of 10.30% between 2015 and 2020.

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An image sensor is a device used to convert an optical image presented by a lens into an electrical signal, which is mostly used in digital cameras, camera modules, and other imaging devices. Today, most imaging devices make use of either a CCD or CMOS sensor.

The image sensor market has been segmented on the basis of technology, specification, application, and region. The market segmented on the basis of technology includes CMOS, CCD, and hybrid. The other market for image sensor is expected to grow at a high CAGR of 13.61% between 2015 and 2020. The CMOS sector is expected to account for a large market share of ~93% in 2020. The market on the basis of application includes aerospace, automotive, consumer electronics, healthcare, industrial, entertainment, security & surveillance, and others. The application of image sensors in the consumer electronics sector held a large share of the image sensor market. The growing trend of dual camera mobile phones and webcams in laptops and tablets among youngsters is driving the consumer electronics sector of the market. The market for image sensor in consumer electronics is expected to grow at a CAGR of 10.29% between 2015 and 2020.

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This report gives a detailed view of the market across the four geographic regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Asia-Pacific accounted for the largest market share of ~37% of the market in 2014; it is expected to grow at a high CAGR of 11.88% between 2015 and 2020. However, the North American market is expected to account for a share of ~30% of the market in 2015. The Europe market is expected to grow at a CAGR of 8.65% between 2015 and 2020.

Some of the major companies in the image sensor market and also provides the competitive landscape of key players, detailing their growth strategies in the market. The report covers the entire value chain for the market along with an in-depth analysis. The major players in the market include CMOSIS nv (Belgium), e2v technologies Inc. (U.K.), GalaxyCore Inc. (China), OmniVision technologies Inc. (U.S.), ON Semiconductor Corporation (U.S.), Panasonic Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sharp Corporation (Japan), SK Hynix Inc. (South Korea), Sony Corporation (Japan), Teledyne Technologies, Inc. (U.S.), and Toshiba Corporation (Japan).

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