Global Image Sensors Market to Grow at 10.30% CAGR to 2020
November 5, 2015 | PRNewswireEstimated reading time: 2 minutes
The global image sensors market 2020 research report gives a detailed scenario of the industry across the four major geographical regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific holds the largest market share of image sensor market with 37% in 2014; it is expected to increase at a high CAGR of 11.88% between 2015 and 2020. However, the markets for in North America and Europe are expected to grow at CAGR of 9.39% and 8.65%, respectively, between 2015 and 2020.
The image sensor market has been segmented on the basis of technology into CMOS, CCD, and other sensor. Currently, CMOS sensors are used for most applications. Sony Corporation (Japan), one of the major companies, is emphasizing more on the development of CMOS sensor, and plans to discontinue the production of CCD image sensor by 2017.
Image sensors have a high demand in the automotive application, owing to the implementation of cameras in the automotive sector and the development of self-driving car. Sony Corporation (Japan) and Omni Vision Technologies Inc. (U.S.) are among the players who are developing CMOS image sensor for the automotive sector. Sony has collaborated with ZMP Inc. (Japan) to develop self-driving cars which incorporate CMOS image sensor. The image sensor market has also been segmented on the basis of specification into image processing type, spectrum, and array type. The image processing type includes 2D and 3D CMOS image sensor. The market for 3D CMOS image sensor is expected to grow at the highest CAGR of 33.91% between 2015 and 2020, owing to the high resolution and depth sensing feature it offers.
The value chain analysis has also been included in the report. It has been estimated that the majority of companies which develop image sensors are located in the Asia-Pacific region. Asia-Pacific accounted for a major market share of ~37% of the total market and this trend is expected to continue during the forecast period.
This report includes the total image sensor market statistics pertaining to technology, specification, application, and geography along with their respective revenue. The Porter's five forces framework has been utilized along with the value chain analysis to provide an in-depth insight of this market. Major market drivers, restraints, opportunities, and challenges for the image sensor market have been also detailed in this report. Illustrative segmentation, analysis, and forecast for the market have been included to provide an overall view of the market. The detailed competitive landscape includes key players, in-depth analysis, and growth strategies adopted by the respective companies.
About Us:
ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
Suggested Items
Omdia: OLED Monitor Display shipments to surge by 123% YoY as Top Brands Embrace its Technology in 2024
05/09/2024 | PRNewswireOLED monitor display shipments significantly increased in 2023, following an upsurge of 415% year-over-year (YoY), according to Omdia's Monitor Display & OEM Market Tracker. This trend is set to continue with Omdia forecasting a 123% YoY increase in 2024, reaching 1.84 million units, driven by industry leaders Samsung Display and LG Display.
IDTechEx Report: Illuminating the Future of Lidar in Automotive
05/09/2024 | PRNewswireIn the rapidly evolving landscape of Advanced Driver-Assistance Systems (ADAS) and autonomous driving, sensor technologies have emerged as a pivotal force driving innovations in the automotive industry.
Sondrel Awarded New Video Processor ASIC Design and Supply Contract
05/09/2024 | SondrelSondrel, a leading provider of ultra-complex custom chips for leading global technology brands, is pleased to announce that it has won a major ASIC design and supply contract for a next generation, video processing chip.
IDC Forecasts Slower Growth for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins?
05/08/2024 | IDCWorldwide spending on Telecom Services and Pay TV Services reached $1,509 billion in 2023, an increase of 2.1% over 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker.
Simbe Partners with Plexus to Scale Manufacturing and Meet Global Retail Demand
05/08/2024 | Globe NewswireSimbe, the leading provider of Store Intelligence™ solutions that increase retailer performance through unprecedented visibility and insights, today announced a partnership with Plexus Corp. to bring its best-in-class retail robotics-as-a-service to market quickly and at global scale.