Image Sensors Market Size, Share, Trends, Forecast 2019-2025


Posted January 10, 2020 by rishabh3210

Image Sensors Market Size, Share, Trends, Forecast 2019-2025Image Sensors Market Size, Share, Trends, Forecast 2019-2025

 
The global image sensor market is expected to grow with a CAGR of 8.2% during the forecast period of 2019-2025. Consumer electronics have a significant application of image sensors that contribute a considerable share in the market. Growing application of image sensors in consumer electronics such as smartphones, laptops, and others. these types of electronic devices require a high quality of images with lower power consumption. The image sensor is the priority of the imaging products manufacturers as it consumes less power and is more cost effective. Additionally, image sensor technology provides digital output and can be controlled at the pixel level. This offers substantial benefits in specific imaging where one might want the control process to only a segment of the sensor. These advantages of image sensors increase the demand for in the consumer electronics industry.

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The growing trend towards the high-quality camera in Smartphones

The increasing demand for high-quality cameras in smartphones propels the growth of the image sensors market. As a smartphone replaces stand-alone cameras, the bar has been raised for imaging technologies. Increasing use of smartphones for taking pictures and video shooting enhances the demand for high quality cameras in smartphones. Various smartphone manufacturers developing high quality camera by using the latest image sensing technology. For instance, In August 2019, Samsung Electronics Co., Ltd., launched the 108-megapixel (Mp) Samsung ISOCELL Bright HMX image sensor for smartphones. With the latest addition, the company will expand its 0.8? m image sensor offerings from its recently announced ultra-high 64Mp to 108Mp.

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Increasing demand in Emerging Markets

The image sensor market is projected to have significant growth in emerging markets such as the Asia-pacific market. The emerging economies that are significantly contributing to the growth of the Asia-pacific market include China, India, and others. Further, in these countries, there is a high demand for consumer electronics products that encourages the application of image sensors. China contributes significantly to the growth of the market in the region. The market in China is mainly driven by increasing technological development and the presence of consumer electronics manufacturers in the country. Moreover, the growing application of dual camera smartphones increases the demand for image sensors. Additionally, the automobile industry significantly contributing to the growth of the market as the application of image sensors is growing in driverless cars.

Technology advancement in image sensors

Moreover, technological development such as advanced CMOS technology by the image sensors manufacturers contributing to the growth of the image sensor market. For instance, in June 2019, Sony corp. launched new models of CMOS image sensors: the IMX415 type 1/2.8 4K-resolution stacked CMOS image sensor; and the IMX485 type 1/1.2 4K-resolution back-illuminated CMOS image sensor, which provides low-light performance approximately 3.3 times that of conventional. In July 2018, The company announced the launch of of the IMX586 stacked CMOS image sensor that enhanced imaging on smartphone cameras. These develpments raises the demand for image sensors that contribute to the growth of the market.

Global Image Sensor Market- Segmented by Technology and by End-User Industry

By Technology

Complementary Metal-Oxide-Semiconductor (CMOS)
Charge-Coupled Device (CCD)

By End-User Industry

Automotive
Consumer Electronics
Industrial
Security and Surveillance
Healthcare
Others (Aerospace & Defense)

Global CMOS image sensor Market– Segment by Region

North America

US
Canada

Europe

Germany
UK
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

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About Orion Market Research

Orion Market Research (OMR) is an Indian market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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Contact Email [email protected]
Issued By Mr. Anurag Tiwari
Phone +1 646-755-7667
Country India
Categories Business
Tags Image Sensors Market Size, Share, Trends, Forecast 2019-2025
Last Updated January 10, 2020