- September 28, 2015
- Transparency Market Research
While earlier image sensors primarily found usage in consumer applications, the market for the same is now dominated by mobile phones and tablets, with Sony dominating the market in both CMOS and CCDs segments.
An image sensor, also known as an imaging sensor, detects and conveys information constituting an image. It converts an optical image into an electronic signal and is widely used in camera modules, digital cameras, and other imaging devices. Owing to their diverse features, image sensors are effectively used across wide-ranging applications, from medical to photographic. In the last couple of years, the demand for image sensors has particularly risen from the automotive industry. The innovation of advanced driver assistance systems (ADAS) has aided this exponential rise in demand for image sensors from the automotive industry.
The impressive growth exhibited by the global image sensors market is partially attributed to the recent advancements in CMOS fabrication and design such as the use of illuminated backside technology in the manufacture of CMOS sensors. This has enabled the market for image sensors to gain an increased market share. While earlier image sensors primarily found usage in consumer applications, the market for the same is now dominated by mobile phones and tablets, with Sony dominating the market in both CMOS and CCDs segments.
Consumer Electronics – Key Application Segments of Image Sensors Market
The global image sensors market had a valuation of US$6.8 bn in 2012, and the worldwide shipment of image sensors stood at 1.4 bn units. Digital cameras accounted for the lion’s share of the total demand generated from the global image sensors market. However, with the exponential growth in smartphone shipments worldwide, the use of image sensors in smartphone cameras is anticipated to augment remarkably. The use of image sensors in biometrics, camcorders, digital cameras, video-conferencing applications, virtual keyboards, optical mice, and others also significantly contributes to the growth and development of the image sensors market globally
Besides these predominant consumer sector applications, image sensors also find usage in industry quality control applications aimed at improving product yield and identifying defective units in the production line. Analysts predict that the market will witness strong growth as nations emerge from the recent economic slowdown. Innovation and technological advancements will further fuel the use of image sensors and image processing technologies across industries. Among the key application segments of the global image sensors market, the consumer electronics segment is likely to account for the major share of the market, in terms of both revenue and volume, in the near future. The segment is anticipated to hold over 50% of the global image sensors market.
Asia Pacific to Register Fastest Growth in Global Image Sensors Market
The key regional markets for image sensors include North America, Asia Pacific, Europe, and Rest of the World. Among these regions, North America held the largest share in the global image sensors market in 2013. However, Asia Pacific is estimated to record the fastest CAGR as a regional image sensors market in the forthcoming years owing to rapid industrialization in emerging economies such as China and India.
Innovation and product development, coupled with consistent commercialization of product innovations, will be the key mantra for the leading market players to gain a competitive edge in the market.
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