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Image Sensors Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights
Our analysts effectively employ Porter’s five forces analysis to study the current and future position of buyers and suppliers, as well as any impending threat from substitutes and competitors. To give you a clearer view of the existing competitive landscape, we have included a comprehensive Company Profiles section in this report. The Company Profiles section offers information about the recent developments, product portfolio, financial results, and a SWOT analysis of the featured market players.
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Overview of the image sensors market
As of 2012, the global image sensors market stood at USD 6,845 million and the number of worldwide shipments were pegged at 1,469.5 million units. The largest application area of image sensors is digital cameras. But, with an unprecedented growth in smartphone shipments globally, the use of image sensors in smartphone cameras is likely to escalate.
However, besides these predominant consumer applications, image sensors are also used in industrial quality control applications to improve product yield and spot defective units on the production line. The use of image sensors in camcorders, biometrics, digital cameras, virtual keyboards, video-conferencing applications, optical mice, and so on has stoked their demand considerably.
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The demand for such sensors has also seen an upward growth as economies emerge from the recent global economic recession. Further, the innovative use of image sensors in machine vision and image processing technologies will bode well for this market.
In the near future, the consumer electronics application segment is expected to be the largest in the image sensors market, in terms of both revenue and volume. It will account for about 50% of the entire market. Other application areas that will catch on include: medical devices and automotive. From the geographical region standpoint, North America was the largest market for image sensors as of 2013.
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But, with a health CAGR, the Asia Pacific market is estimated to grow the fastest over the forecast period of this report, given the large number of first-time buyers in emerging economies such as India and China.
Innovation and product development and upgrades, coupled with frequent new product launches in the market will likely be the mantra for growth for most leading market players in the coming years.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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