Key factors expected to drive the growth of market increasing penetration of image sensors, trend of miniaturization and dual camera in smartphones and tablets, and growing demand for improved medical imaging solutions. However, dynamic nature of semiconductor business and higher manufacturing cost of image sensors are restraining image sensor market growth.
CMOS technology segment to hold the largest share by 2026
By technology, image sensor market is divided into Complementary Metal-Oxide-Semiconductor (CMOS), Charge-Coupled Device (CCD), and Others. Owing to its features of small size, ease of integration, lower manufacturing cost, and low power consumption, CMOS technology is widely preferred over CCD sensors
3D image sensor to witness highest CAGR between 2017 and 2026
By processing type, Image Sensor Market is divided into 2D Image Sensor and 3D Image Sensor. Wide use of 3D image sensors in high-growth applications such as computer vision, machine vision, and ADAS is the key driving factor for the growth of this segment. Additionally artificial intelligence in smartphones is also expected to drive the market for 3D image sensor segment.
Non-visible spectrum market to experience higher growth rates
Non-visible spectrum market is anticipated to grow at higher growth rate owing to its rising use in different industry verticals such as consumer electronics, industrial applications, medical, and automotive.
APAC held largest market share of image sensor market in 2016
Geographically Image Sensor Marketis segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. APAC region is accounted for the largest market share of over 78% in 2016. Consumer electronics industry holds the major share in overall growth of image sensor market in APAC region