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Consumer Electronics Application Segment Is Expected to Be the Largest in the Image Sensors Market

Transparency Market Research Added A New Report "Image Sensors Market" And Its Full Database.


Albany, NY -- (SBWIRE) -- 05/28/2015 -- The image sensors market research report enumerates growth propellers, restraints, trends and forecasts that will prove beneficial to both new and established market participants. The market research report offers a eagle's view of the overall image sensors market in the backdrop of the emergence of social networking sites, smartphones, and smart digital cameras. The report offers a thorough analysis of market figures on the global and regional level. The capacity and structure of this industry is studied in detail in the image sensors market research report.

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Our analysts effectively employ Porter's five forces analysis to study the current and future position of buyers and suppliers, as well as any impending threat from substitutes and competitors. To give you a clearer view of the existing competitive landscape, we have included a comprehensive Company Profiles section in this report. The Company Profiles section offers information about the recent developments, product portfolio, financial results, and a SWOT analysis of the featured market players.

Overview of the image Sensors Market:-
As of 2012, the global image sensors market stood at USD 6,845 million and the number of worldwide shipments were pegged at 1,469.5 million units. The largest application area of image sensors is digital cameras. But, with an unprecedented growth in smartphone shipments globally, the use of image sensors in smartphone cameras is likely to escalate.

However, besides these predominant consumer applications, image sensors are also used in industrial quality control applications to improve product yield and spot defective units on the production line. The use of image sensors in camcorders, biometrics, digital cameras, virtual keyboards, video-conferencing applications, optical mice, and so on has stoked their demand considerably. The demand for such sensors has also seen an upward growth as economies emerge from the recent global economic recession. Further, the innovative use of image sensors in machine vision and image processing technologies will bode well for this market.

In the near future, the consumer electronics application segment is expected to be the largest in the image sensors market, in terms of both revenue and volume. It will account for about 50% of the entire market. Other application areas that will catch on include: medical devices and automotive. From the geographical region standpoint, North America was the largest market for image sensors as of 2013. But, with a health CAGR, the Asia Pacific market is estimated to grow the fastest over the forecast period of this report, given the large number of first-time buyers in emerging economies such as India and China.

Innovation and product development and upgrades, coupled with frequent new product launches in the market will likely be the mantra for growth for most leading market players in the coming years.

Key factors dictating the growth of the image sensors Market:

A soaring use of, and demand for, digital cameras

A growing demand for smartphones and mobile phones with cameras, where features such as tagging, photo-sharing, are enabled

Low cost of manufacturing

Low power consumption and compact attributes, which contribute towards enhanced battery life of products

Companies mentioned in the image sensors market research report

Leading companies that are profiled in this market research report include: OmniVision Technologies Inc., Aptina Imaging Corp., Samsung Semiconductor, Micron Technologies, Sony Semiconductor Corp., Hamamatsu Avago Technologies, and Magna Chips.

Geographies analyzed under this Research Report:-
North America
Rest of the World

This Report gives you access to Decisive Data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years

Key highlights of this Report:
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

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About Transparency Market Research
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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