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Global image sensors market: $10.8 billion industry by 2018

Press Release   •   Feb 27, 2013 15:05 GMT

The global image sensors market is expected to reach a total value of around $10.75 billion by the end of 2018, growing at a constant CAGR of 3.84% between 2013 and 2018. In terms of regional share, North America is currently the dominant force in the global image sensors market. However, by 2018 Asia-Pacific will have overtaken North America due to strong growth in the consumer electronics market.

Currently, cameras in mobile phones are the major contributors to the global image sensors market. In 2012, approximately, 80% of the image sensors were shipped for this application. Emerging applications such as medical imaging, POV cameras, UAV cameras, digital radiology, and factory automation factors are driving the market with their high growth rate. However, they are low volume applications and would require longer duration to impact the market heavily.

CMOS technology commands a major market share against CCD and contact image sensor types. In 2012, CMOS approximately had 85% of the share. Apart from the visible spectrum domain, manufacturers are also focusing on the infrared and X-ray image sensors. By the year 2018, approximately 800,000 units of infrared sensors and 300,000 units of X-ray sensors are forecasted to be shipped

Image sensors are present since the advent of digital cameras and image reproducing devices. Since early 1990s, image sensors have evolved from a simple single array CCD to a complex 3D array digital SLR image sensors. Apart from cameras, image sensors are experiencing a heavy adoption in applications such as security and surveillance, automobile drive assistance, and machine vision. All these applications are driven by the demand for a system and process automation.

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