Global Image Sensor Market will increase by 10.5% Annually till 2022

Press Release   •   Jan 29, 2018 04:09 EST

Zion Market Research has published a new report titled “Image Sensor Market by Technology (CMOS Image Sensor, CCD Image Sensor and Hybrid Image Sensor) for Aerospace, Automotive, Consumer Electronics, Healthcare, Industrial, Entertainment, Security & Surveillance and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022’’. According to the report, global image sensor market was valued at around USD 11.43 billion in 2016 and is expected to reach approximately USD 20.81 billion in 2022, growing at a CAGR of slightly above 10.5% between 2017 and 2022.

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Image sensors are mainly used in digital cameras and in a large number of imaging devices used in industrial, media, medical, and consumer applications. Growing demand for cameras, smartphones, and security cameras the image sensors market is experiencing significant growth. Furthermore, growing competition between established charge-coupled device (CCD) image sensors and the new complementary metal oxide semiconductor (CMOS) image sensors is impelling growth of this industry. With CMOS image sensors improving gradually and moving toward higher-level performance with better integration capabilities and cost advantages. The main difference between the two types of sensors is that Pixels in a CCD image sensor capture the light and move it to the edge of the chip where it is converted into a digital signal. In contrast, pixels in a CMOS sensor capture light and directly convert it into a digital signal. Uptake of CMOS image sensors in automotive and consumer electronics devices is anticipated to be growth drivers for the CMOS image sensor market. However, declining growth of still cameras and high manufacturing cost of image sensors are restraining the growth of this market. Nonetheless, increasing application of these sensors in gesture recognition devices, self-driving car and in body worn camera application will give momentum to the image sensor market during the forecast period.

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Market segmentation of the image sensors is done on the basis of technology, array type, application, and region. Technology is classified by CMOS image sensor, CCD image sensor, and a hybrid image sensor. CMOS image sensor held the largest share in 2016 due to advance feature and cost-effective technology use in this sensor. The hybrid image sensor is composed of CMOS and CCD use for cameras and other camera recording devices.

By array type, the global image sensor market is bifurcated into linear image sensor and area image sensor. Application wise the market is segmented into aerospace, automotive, consumer electronics, healthcare, industrial, entertainment, security & surveillance, and other applications that include motion capture, barcode, and document scanner. Consumer electronics segment is leading segment in terms of revenue, as increasing expenditure for hand held devices across the globe. In addition, the growing awareness about driver assistance and driver safety in the automotive sector is giving traction to the global image sensor market.

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Geographically, Asia Pacific is the leading regional market for image sensor market and is projected to record the highest revenue generation for the global market over the forecast period. The extensive usage of electronic devices and increasing expenditure is boosting this market in this region. However, North America is a second highest market for image sensor due to increase application of different image sensor in consumer electronics, automotive and other industries. Rising competition between manufacturers in Latin America is expected considerable growth in this region. Competition in the image sensors market is high, with manufacturers striving to outperform their rivals with respect to pixel size, pixel count, resolution, and performance.

The major players operating in data center security market are ABB Ltd, Vishay Intertechnology, Inc, Delphi Automotive LLP, Honeywell International, Inc, Raytek Corporation, Meggitt Sensing Systems, Analog Devices Inc., Infineon Technologies AG, Motorola Solutions, Inc., Robert Bosch GmBH, and Siemens AG, among others.

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