Market Highlights
The expanding market for smartphones that are fortified with cameras are
the chief driving factor for the expansion observed in image sensors.
Market reports associated with the semiconductors & electronics sector made
accessible by Market Research Future along with published reports on other
sectors have been lately put out along with a report on this industry. The
market is projected to develop at a 10 percent CAGR in the duration of the
forecast period.
The escalating application of CMOS image sensors in consumer electronics
such as mobile phones, tablets, and PC cameras is driving the image sensor
effectively. The development of this technology has opened up the market for
image sensors leading to increased entry of market competitors which has
created the setup for further growth of the market. The smart wearable segment
is projected to increase the expansion of the market in the impending forecast
period.
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Segmentation:
The segmentation of the image sensor market is
carried out on the basis of application, array type, technology and operating
spectrum. By Application, the segment comprises of tablets, PC camera, mobile
phones, automotive, medical imaging, digital still cameras (DSC), and security
& surveillance. By Technology, the market segmentation consists of CCD and
CMOS among others. By operating spectrum, the market segmentation consists of invisible
and visible. By array type, the market segmentation consists of area array type
and linear array type.
Competitive Landscape:
The active incorporation of supply chain
management is gradually enhancing the growth of the market. The critical
success factors in the market are easily achieved in the market leading to an
elevated pace of development in the forecast period. The enhanced level of
importance on the variation of products is raising the number of customers in
the market considerably. The extended viability of the market is highly
dependent on the techniques and the strategic roadmaps that are engaged by
market players. The innovation in products and services of the markets will
alter the progression of the market substantially. The market appeal and
competitors’ tendencies are noticeably improved by the strategies that are
being exploited by market players. The market is significantly elevated by the
developments that are occurring in the market.
The prominent players in the market for image
sensors are Himax Imaging (Taiwan), OmniVision Technologies Inc. (U.S.), SK
Hynix Inc. (Korea), Samsung Semiconductor Inc. (South Korea), Aptina Imaging
Corporation (ON Semiconductor) (U.S.), Sony Corporation (Japan), GalaxyCore
Inc. (China), and STMicroelectronics N.V (Switzerland) among others.
Regional Analysis:
The regional analysis of the market for image sensors consists of APAC,
North America, Europe and MEA and rest of the world. The North American region
is leading the market for image sensor globally with a major market share, and
thus accounting high market share above 35% approximately. The Asia Pacific
region is anticipated to develop at high CAGR through the forecast period from
a value of USD 4 billion in 2016 to USD 8 billion by 2021 approximately.
Whereas, the European market for image sensors is likely to expand at above 5%
CAGR approximately in the forecast period.
Industry News
Jul
2018 Sony recently announced the impending release of an image sensor that will
be capable of delivering smartphone cameras with 48 effective megapixels. This
feature is expected to provide smartphone cameras with higher definition
photographs.
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