Image Sensor Market Analysis
The global Image Sensor Market is predicted to touch USD 34.64 million at a 7.02% CAGR between 2018- 2025 states the recent Market Research Future (MRFR) analysis. Rising demand for camera-enabled mobile phones, low power consumption and compactness of CMOS image sensors, and increased use of image sensors in biometric applications are among the primary growth drivers of the image sensor market. However, among other things, excessive power consumption in CCD image sensors and a declining market for digital still cameras are limiting the growth of the image sensor market.
The Image Sensor Market Share is increasing. The market penetration of image sensors in automobiles, the trend of miniaturization in various industries, and modern dual cameras in Smartphones and advanced Tablets, and lots of demand for upscale medical modern imaging solutions are estimated to run the image sensor market during the estimated period. In addition to this, increased prices of the advanced manufacturing process are projected to restrain or curb the image sensor market during the estimated period
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Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global image sensor market report based on technology, optical format, spectrum, and application.
By technology, the global image sensor market is segmented into sCMOS, CCD, CMOS, and others. The CMOS segment is again segmented into back-side illumination, front side illumination (FSI), and others. Of these, the CMOS technology will lead the market over the forecast period.
By optical format, the global image sensor market is segmented into non-linear and linear. The linear segment is again segmented into 3D and 2D processing. Of these, the 3D processing segment will dominate the market over the forecast period.
By spectrum, the global image sensor market is segmented into invisible spectrum and visible spectrum. Of these, the visible segment will have a major share in the market over the forecast period.
By application, the global image sensor market is segmented into medical, surveillance, automobile, consumer electronics, and others.
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Regional Analysis
Based on the region, the global image sensor market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Growing research & development activities, rapid industrialization, increasing use in the automotive industry for safety-related mandates owing to increasing accidents are adding to the global image sensor market growth in the region.
The global image sensor market in Europe is predicted to hold the second-largest share over the forecast period. The presence of emerging economies such as Spain, Italy, Russia, Benelux, France, Germany, and the UK is adding to the global image sensor market growth in the region.
The global image sensor market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing investment of top industry players is adding to the global image sensor market growth in the region.
The global image sensor market in the RoW is predicted to have sound growth over the forecast period.
Key Players
Leading players profiled in the global image sensor market report include Teledyne Technologies (US), SK Hynix Inc. (South Korea), GalaxyCore Inc. (China), PixArt Imaging Inc. (Taiwan), ON Semiconductor (US), OmniVision Technologies Inc. (US), Samsung Semiconductor Inc. (South Korea), and Sony Corporation (Japan) among others.
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