World Image Sensors Market to Reach $14.16 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Image Sensors market. Although tempered by the recent worldwide economic recession, the world market for image sensors is expected recover poise in the short to medium term period and sail along at an impressive CAGR of more than 9.0% to reach US$14.16 billion by the year 2015. Resurgence in demand for camera enabled mobile phones, digital cameras and machine-vision systems, will largely help uphold growth in the market over the next few years. Technology developments and revival in automotive, telecommunications, data communications and consumer markets are also expected to influence growth in the short to medium term period. Sturdy demand from developing markets such as Latin America, and Asia-Pacific also augurs well for the market.

Image Sensors: A Global Strategic Business Report

Image sensors have come a long way since the introduction of CCD sensor technology in the 1990s. These products have become an integral part of daily life, finding use in a wide range of applications such as cell phone cameras, notebook web cameras, digital cameras, video camcoders and security and surveillance systems among others. Thanks to technology developments, image sensors have also made rapid strides into medical applications, automotive security systems, Home TV and gaming application segments. Image sensors market took a giant leap in 2000s, with the introduction of CMOS sensor technology, which later gave way to the development of low-cost, high volume camera phone market. Demand for image sensors primarily depends upon the health of its major application segments such as mobile communications, computers, and consumer markets and therefore, given the slump in these markets over the last few years due to economic recession, the erosion in value sales in image sensors market during 2009, comes as no surprise. Mobile communication devices, which is the most important application area for image sensors, has been severely affected by the prolonged recession, thereby causing a profound negative impact on the image sensors market. Production of image sensors has also taken a severe beating, given the low demand for systems and components in the market.

However, with recession at its tail’s end and a quick resurgence in demand for camera phones, digital cameras and machine-vision systems on the cards, the global image sensors market is expected to recover poise, and gain steady momentum over the next few years. Growth in the short term will continue to stem from expanding applications in consumer electronics such as Camcorders, Security Cameras, PC Cameras and Portable Communication Devices. Growing popularity of dual-camera mobile phones in Asian countries will particularly boost the market prospects for image sensors over the next few years. Technology developments and improving business scenario in automotive, telecommunications, data communications, and consumer markets also augur well for the market prospects. Increasing use in vehicle driver assistance systems, security and surveillance devices, and industrial and business applications, such as, biometrics, medical, and film cameras, among others are expected to generate significant market opportunities for the image sensor market over the next few years.

As stated by the new market research report, Asia-Pacific is the largest regional market for image sensors. Latin America is the fastest growing regional market, surging at a CAGR of more than 11% over the analysis period. Growth in Latin American image sensors market can be particularly attributed to burgeoning economies such as Brazil, Mexico and Argentina, which have been generating significant demand for these sensors in application areas such as process, manufacturing, consumer electronics and biotechnology. By product, CMOS image sensors market is the most prominent segment. Strong consumer demand for multimedia-capable products has been driving the robust demand for CMOS imaging technology. Dislodged by the cannibalizing popularity of CMOS image sensors in consumer electronics and mobile applications, the world CCD image sensors market is projected to sail at a CAGR of more than 3.0% over the analysis period.

Key players profiled in the report include Canon Inc., DALSA Corporation, Eastman Kodak Company, FujiFilm Corporation, MagnaChip Semiconductor, Macronix International Co. LTD. Micron Technology Inc., Mitsubishi Electric Corporation, OmniVision Technologies Inc., PixArt Imaging Inc., Panasonic Corporation, Samsung Electronics Co. Ltd, Sharp Corporation, Sharp Microelectronics of the Americas, Sony Corporation, ST Microelectronics, Toshiba Corporation, among others.

The research report titled “Image Sensors: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in value sales for US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific (China, South Korea and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World markets. Product markets analyzed in the report include CCD Image Sensors, and CMOS Image Sensors.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Image_Sensors_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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