The APAC market accounts for the highest market size of 38.30% and is estimated to grow at a CAGR of 10.15% from 2014 to 2020.
(PRWEB) October 13, 2014
The report "Image Sensor Market by Technology (CMOS, CCD), Spectrum, Array, Scanning Method, Application (Consumer Electronics, Healthcare, Industrial, Security, Automotive, Aerospace, and Defense) and by Geography - Analysis and Forecast (2013 - 2020)", defines and segments the image sensor market into various sub-segments with an in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with the insights on trends, opportunities, and challenges.
Image Sensor Market is expected to reach $15.77 Billion by 2020 growing at a CAGR of 8.06% from 2014 to 2020.
Browse 72 market data Tables with 82 Figures spread through 191 Pages and in-depth TOC on "Image Sensor Market".
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Image sensor is a device that is used to convert an optical image into an electronic signal. It is widely used in digital cameras, camera modules and other imaging devices. Recent advancements in CMOS design and fabrication such as miniaturization and use of back side illuminated technology in manufacturing CMOS sensors made it possible to grab more market share in various fields. The key applications of Image sensor are in the consumer, automotive, surveillance, and medical segments. The largest application of image sensors is in the consumer segment due to the massive growth in demand for camera-enabled mobile phones and tablets across the globe. These applications mainly use CMOS image sensors due to their lower power consumption, faster frame rates, and ease of integration.
The overall Image Sensor Market is segmented into six major segments- technology, operating spectrum, array type, scanning method, applications, and geography. All the segments are separately classified in the report. The Image Sensor Market is expected to grow at an estimated CAGR of 8.06% from 2014 to 2020.
The Image sensor is basically the technology that converts an optical image into an electronic signal. It is used mostly in digital cameras, camera modules and other imaging devices. There are mainly two types of image sensors used which include CCD (Charge-Coupled Device) and CMOS (Complementary Metal Oxide Semiconductor) sensors. Due to advancement in CMOS design and its fabrication such as; use of BSI technology, miniaturization of sensor and implementation of global shutter, it has started to win over CCD sensors.
The image sensors are widely used in various applications of consumer electronics, industrial, healthcare, automotive & transportation, security and surveillance, aerospace and defense. Consumer electronics, Industrial and automotive & transportation segments are experiencing impressive growth potential in image sensor market. Due to the increased use of ADAS (Advanced Driver Assistance Systems) in vehicles and machine vision systems in industrial automation, ADAS make use of image sensors offering features such as; parking assistance, lane departure warning and collision avoidance systems to improve drivers safety on road. Major auto-vendors GM, Ford Motors, Toyota, and Audi are making investments to understand and adopt ADAS systems in their vehicles. The U.S. and Western Europe are the major markets for ADAS systems. Number of Asian passenger car producers such as; Nissan, Toyota, Honda, and Hyundai are offering ADAS systems in their vehicles. In addition, countries such as; China, South Korea, and Japan are estimated to make driver assistance systems mandatory in coming years, creating huge potential for Image sensor market in Asia-Pacific region. In addition in the United States, the key safety goal of the US Federal Motor Carrier Safety Administration (FMCSA) is to reduce the number of Commercial Motor Vehicle (CMV) crashes and the National Highway Traffic Safety Administration’s Safe car initiative will help to create demand for image sensors from North America region.
Geographically, the Image Sensor Market is segmented into North America (the U.S., Canada, & Mexico), Europe (Germany, UK, Sweden, the Netherland, and France), APAC (China, India, &Japan), and Rest of the World (the Middle East, South America, &Africa). The APAC market accounts for the highest market size of 38.30% and is estimated to grow at a CAGR of 10.15% from 2014 to 2020. RoW (Rest of the World) is also expected to grow at a significant CAGR of 9.75% from 2014 to 2020; this is mainly due to the fact that telecommunication infrastructure has improved in these region which is translated to higher demand for camera enabled mobile phone and thus, will boost the demand for image sensor.
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