Image Sensor Market is expected to reach $15.77 Billion by 2020 - New Report by MarketsandMarkets
(PRWEB) March 14, 2015 -- 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)", Image Sensor market is expected to reach at a CAGR of 8.06% from 2014 to 2020.
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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.
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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 major driving factors are increased demand for camera enabled mobile phones, digital cameras, tablets PC, implementation of machine vision, increased adoption of ADAS (Advanced Driver Assistance Systems) systems in vehicles, increased awareness about security.
Image sensors are being widely used in consumer sector like for digital cameras, mobile phones, tablet PC camcorders and so on. Other application area for image sensor is medical diagnosis, fault detection, visual feedback to controller, surveillance, infotainment, and entertainment since decades. Technology is never constant. Earlier, analog film based sensors and phosphor plates were used. The digitization of imaging technologies resulted in emergence of technologies such as, CCD and CMOS.
Geographically, the image sensor market is segmented into North America (the U.S., Canada, & Mexico), Europe (Germany, UK, Sweden, the Netherland, andFrance), APAC (China, India, &Japan), and Rest of the World (the Middle East, South America, &Africa).
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