Status : Published Published On : Aug, 2018 Report Code : VRICT5003 Industry : ICT & Media Available Format : Page : 137

Global Image Sensors Market – Analysis and Forecast (2018 – 2024)

Industry Insights by Technology (Charge-Coupled Device [CCD], Complementary Metal-Oxide-Semiconductor, Others), by Processing Type (2D Image Sensors, 3D Image Sensors), by Spectrum (Visible Spectrum, Non-Visible Spectrum [X-Ray Light, Infrared Non-Visible Spectrum]), by Array Type (Area Image Sensor, Linear Image Sensor), by Vertical (Automotive, Commercial, Healthcare & Life Sciences, Consumer Electronics, Aerospace, Defense, Homeland Security, Industrial)

Industry Overview

The global image sensors market generated USD 13.6 billion revenue in 2017 and is projected to advance at a CAGR of 10.3% during the forecast period, mainly on the account of excessive adoption of image sensors technology among the automotive industry. Image sensor is used for converting an optical image into an electronic one and it is extensively being used in imaging devices and digital cameras that helps in converting imaging devices into a digital image.

Image Sensors Market Highlights

Market Segmentation

Insight by Technology

Based on technology, the global image sensors market is categorized into charge-coupled device, complementary metal-oxide-semiconductor, and others, wherein complementary metal-oxide-semiconductor category accounted for largest share in 2017. The category is expected to lead throughout the forecast period due to its beneficial features such as lower power consumption and decreased the size of the system.

Insight by Processing Type

On the basis of processing type, the global image sensors market is divided into 2D and 3D image sensors. Among the two categories, the 3D image sensors are expected to witness the faster growth during the forecast period owing to its extensive application in machine vision, ADAS and computer vision. Moreover, the utilization of artificial intelligence in smartphones is expected to further drive the growth of the 3D image sensors market. Furthermore, the increasing popularity of this segment is exaggerating the growth of the image sensors market across the globe.

Moreover, the utilization of artificial intelligence in smartphones is expected to further drive the growth of the 3D image sensors market. Furthermore, the increasing popularity of this segment is exaggerating the growth of the global image sensors market.

Insight by Spectrum

Based on spectrum, the global image sensors market is categorized into visible and non-visible spectrum. Of both categories, the non-visible spectrum category is expected to witness faster growth during the forecast period since the cameras that are capable of functioning in the invisible spectrum find increased applicability in security and surveillance. Additionally, this segment is observing rampant investments from the key players such as Panasonic Corporation to enhance their product portfolio.

Further, the non-visible spectrum market is sub-categorized into x-ray light and infrared non-visible spectrum.

Insight by Array Type

Based on array type, the global image sensors market is divided into area and linear image sensor. Of both categories, the linear array category is expected to witness faster growth during the forecast period.

Insight by Vertical

On the basis of vertical, the global image sensors market can be segmented into automotive, commercial, healthcare and life sciences, consumer electronics, aerospace, defense and homeland security, and industrial. Of all, the consumer electronics sector is expected to continue holding the largest share during the forecast period owing to the increasing upgradation in the CMOS technique that has significantly impacted the dissemination of image sensors into smart devices. Moreover, extensive demand for dual and secondary camera in smartphones is further strengthening the growth of the global image sensors market.

Further, the global image sensors market for automotive application is sub-categorized into forward-looking ADAS, camera mirror system, rear- and side-view, and in-cabin ADAS.

Further, the global image sensors market for healthcare and life sciences application is sub-categorized into endoscopy, x-ray imaging and others.

Further, the global image sensors market for consumer electronics application is sub-categorized into desktops and laptops, commercial drone, photography and videography, wearables, smartphones and tablets, service robots, commercial copier and scanner and residential surveillance.

Further, the global image sensors market for industrial application is sub-categorized into industrial surveillance and monitoring, machine vision and robotic vision.

Industry Dynamics

Trends

Constant progressions and innovations in the CMOS imaging technology, fabrication and design are the key trends observed in the image sensors market. Current improvements in the CMOS technology have considerably upgraded signal-to-noise ratio (SNR) intensities in machine visualization presentations at higher speed, and providing cost-effectiveness, improved performance and functionality to the CCD technology.

Growth Drivers

Global image sensors market has been driven by several key factors, predominantly increasing demand for dual camera in smartphone and tablets along with miniaturization. It has been observed that CMOS based technology is extensively being utilized in dual-camera smartphones that leads to increasing popularity of these phones among various gen-next photographers. Moreover, excessive demand for improved medical imaging systems is other factor pertaining towards the growth of the image sensors market. These factors are thereby bolstering the growth of the image sensors market across the globe at a rapid pace.

Industry Ecosystem

Globally industry players are leveraging market growth through new product development, mergers & acquisitions, partnerships, increased investments and technological upgradation that is supporting the image sensors market growth across the globe.

Geographic Overview

GLOBAL IMAGE SENSORS MARKET, BY REGION (2017)

Image Sensors Market Size

Asia-Pacific has been one of the largest consumers of image sensors during the forecast period. The growth of image sensors market in this region is due to increasing industrialization and research and development activities. Additionally, increasing requirement of safety-related directives in the automotive domain is increasing due to large number of accidents cases.

Extensive accident cases are thereby instilling the requirement for ADAS (advanced driver assistance system) in the automobile domain with the assimilation of progressive image sensing proficiencies acting as a major market driver, and further accentuating the growth of image sensors market in this region.

Competitive Insight

Some of the key players operating in the global image sensors market are Sony Corporation, Samsung Electronics Co. Ltd., OmniVision Technologies Inc., Panasonic Corporation, Canon Inc., Toshiba Corporation, SK Hynix Inc., STMicroelectronics N.V., ON Semiconductor Corporation and Hamamatsu Photonics K.K.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Image Sensors Market