Sarasota, FL -- (SBWIRE) -- 09/05/2018 -- 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.

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.

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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.

Major factors which drive the growth of the image sensor market are increasing intense usage of image sensor across various applications and technological advancement in sensors. Further, improving standards of living in developing countries are enabling dilettantes to purchase high-end digital cameras for their desire to take high-quality photographs is obliquely driving the image sensors market. However, the high manufacturing cost can restrain the growth of the image sensor market. Nonetheless, growing infrastructure development and government initiatives toward safety at public places in regions will provide an opportunity to this market over the forecast period.

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By array type, the image sensor market is segmented into linear image sensor and area image sensor where the linear image sensor is witness to highest CAGR in coming years. Application wise, the image sensor market is divided into aerospace, automotive, consumer electronics, healthcare, industrial, entertainment, security & surveillance and others. Among these applications, consumer electronics is dominating the image sensor market due to the adoption of dual cameras and the proliferation in a smartphone. In the automobile sector, image sensors use for in blind-spot viewing, lane-departure warning systems, and automatic headlight dimming. Rear, corner, and blind-spot viewing systems are the most common use of cameras in cars. In the healthcare sector, image sensors are used for cardiology, radiography, fluoroscopy, mammography, dental imaging, endoscopy, minimally invasive surgery, external observation, laboratory equipment, ocular surgery and observation, and artificial retinas.

Asia Pacific is leading region for image sensor market due to favorable consumer preferences along with the presence of a large number of major manufacturers. North America is the second largest region for image sensor market due to increasing usage of CMOS sensor in consumer electronics and automotive industry. Latin America is expected potential growth due to increasing huge competition between manufacturers.

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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, Siemens AG and others are the major players in the image sensor market.