Pune, India -- (SBWire) -- 05/07/2018 --Market Scenario:
The emerging trend in image sensor market is its application in numerous industries. Sony Corporation has come up as a separate company for lucrative image sensor division. Image sensor is one of the company's most profitable business. It is also the company's key focus area. The semiconductor business is highly profitable owing to multipurpose utilization of image sensor in smartphone and in DSLRs cameras from manufacturers like Nikon and Sony's own popular cameras is fuelling semiconductor business. Samsung develops its new advanced pixel technology in CMOS image sensor known as ISOCELL. The company has converted one of its water fabrication lines in CMOS image sensors in order to meet the growing demand of image sensor in mobile imaging, high end photography and security and surveillance application.
Asia-Pacific region is dominating the global image sensor market with the largest market share, and thereby is the fastest growing region with a CAGR of 15.39% between 2017-2023.
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By application segment the image sensor market consists of commercial, healthcare, consumer electronics, automotive, aerospace and defense and others. CMOS image sensor with back side illumination is used in smartphones and tablet computer owing to its focus speed of 300ms or less and low lighting condition. Due to the advancements in image sensor it is used portable devices, home automation, robotics and digital health. By application segment consumer electronics accounts for high market share owing to the demand for dual cameras in mobile that results into increase in phone shipment of image sensors.
The major growth driver of image sensor market includes rising demand for camera enabled mobile phones, low power consumption and compactness of CMOS image sensor, and increased use of image sensors in biometric applications among others. Hence the market for image sensor market is expected to grow approximately with a CAGR of 14% between 2017-2023. However, high power consumption in CCD image sensors and falling market of digital still camera are the factors among others which are hindering the growth of image sensor market.
The Image Sensor Market is expected to grow at approximately USD 19,616 Million by 2023, at 14% of CAGR between 2017 and 2023.
Industry News
April 16, 2018 – One of the latest developments for this market is the impending launch of a brand new product by Omnivision in partnership with Nyxel. This product will have the combined features of both these companies and will be highly advanced in nature. The launch of this product in the market is expected to garner a lot of profit for the image sensors market.
Key Players
The prominent players in the image sensor market are- Sony Corporation (Japan), Samsung Semiconductor Inc. (South Korea), OmniVision Technologies Inc. (U.S.), ON Semiconductor (U.S.), PixArt Imaging Inc. (Taiwan), GalaxyCore Inc. (China), SK Hynix Inc. (Korea), and Teledyne Technologies (U.S.) among others.
Market Segmentation
The worldwide market for image sensors has been segmented into five equal divisions. Each of these divisions has a sub-segment respectively and all of them have been listed as below:
- By optical format – 1/5.9 to 1/4 inch image sensors, 1/1.9 to 1 image sensors, above 1 inch image sensor and 1/3.9 to 1/2 inch image sensor.
- Application – Medical, electronics, automobile and surveillance. The electronics sub-division is anticipated to take the lead in the upcoming forecast period. The immense developments in the CMOS technology can be classified as the major reason behind this phenomenon.
- By technology – sCMOS, CMOS and CCD.
- By linearity – Non-linear and linear.
- By spectrum – Invisible spectrum and visible spectrum.
Comprehensive Regional Analysis
The market for image sensors has effectively established its dominance across the world map. The major areas where its presence is observed are North America, Europe, Asia Pacific and Rest of the World.
Asia Pacific takes the lead when it comes to regions. It holds the maximum percentage of shares. It has surfaced as the fastest growing market and registered growth at the CAGR 15.39%. This region has observed an incessant increase in the number of smart phone, camera and computer uses. And it is this fact that is responsible for the development of this market. China brings in the maximum business for Asia Pacific as it is a hub for technological developments and new product launches.
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Intended Audience
- Investors and consultants
- System Integrators
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Original Equipment Manufacturers
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