Image sensors market size was around $15 billion to $17 billion in 2018, and its value is estimated to grow at a CAGR of nearly 8% to 9% during the forecast period 2019-2025. The information is revealed in a new business intelligence report from IndustryARC, titled “Image Sensors Market: By Technology (CMOS, CCD); By Application (Consumer Electronics, Industrial, Medical, Security and Surveillance) & By Geography – Forecast (2019 - 2025).” Mobile application segment holds the major share in the image sensors market and is projected to grow at a CAGR of around 9% over the forecast period 2019-2025, as highlighted by the analyst of the report. On the basis of geographical image sensors market analysis provided in the IndustryARC market research report, Asia-Pacific generated the largest share of demand around 35% among all regions in 2018.
Browse 51 Market Tables, 176 Figures spread through 140 slides and an in-depth TOC “Image Sensors Market (2019 - 2025)”
Image Sensors Market Product Analysis:
Modern era of intelligent imaging applications are encouraging the OEM’s to improve the imaging capabilities which transform the smartphones, autonomous vehicles, and security systems to see the world. Increasing demand for enhanced image quality requirements are leading to more innovations in the image sensors. For instance, CMOS active pixel image sensor (CIS) replaced semiconductor charge-coupled devices (CCD) in order to satisfy superior image quality. Image sensor is also known as an imager which senses and conveys information used to make an image. These are widely used in electronic imaging devices such as digital cameras, medical imaging equipment, camera modules, night vision equipment, and thermal imaging devices.
Image Sensors Market – Latest Developments:
- Sony Coropration, Samsung, Omnivision, On Semiconductor, STMicroelectronics, Panasonic Corporation, Canon, SK Hynix, Galaxycore, Hamamatsu, Pixelplus, ams AG, Sharp are some of the key players operating in the image sensors market.
- ams AG is a manufacturer of high performance sensor solutions. Its CMOS imaging sensors are majorly used in machine vision, broadcast equipment, medical electronics, traffic management, photography and scientific instrumentation applications. In 2018, it introduced CSG14k image sensor with high image quality, this shutter image sensor is specifically used for machine vision and Automated Optical Inspection (AOI) equipment to obtain higher output. Through its efficient image quality and performance, this sensor is supporting machine vision systems manufacturers to enhance the image quality and resolution during the delivery of high throughput rates
- In July 2018, Sony introduced an innovative product named IMX586 with its latest CMOS design, disrupting the image sensors market to certain extent. This sensor provides high resolution in phone cameras and also increases the image quality of noisy pictures in low light. This company also launched a polarization image sensor namely IMX250MZR/MYR in 2018. It is mainly used in industrial equipment to provide polarization information in case of inspection in the industrial field. In addition to this it announced a plan to introduce IMX253MZR/MYR in the fourth quarter of 2019. These polarization sensors are fitted out with ROI mode and Trigger mode functions which are more helpful in industrial applications.
- Panasonic Corporation develops different electronics technologies, provide solutions in the consumer electronics, housing, and automotive industries. In June 2018, it has developed a new product TOF (time-of-flight) image sensor using APD pixel technology and Long-range measurement imaging technology. This sensor is used in diverse range of fields such as automotive range imaging and in wide-area surveillance to capture the images of objects up to 250m even in the dark with poor visibility.
Image sensors plays a promising role in the electronic imaging devices to provide high sensitivity and low noise image. Today’s electronic world is dominating with mobile applications and inspiring OEM’s to invest more in image sensors market through 2019 to 2025.
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