Market Research Future published a research report on “Image Sensor Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - May 13, 2019 /MarketersMedia/ —

Market Insights

According to a new report by Market Research Future (MRFR), the global image sensor market is expected to touch a revenue of USD 19,615 million by 2023. The market is anticipated to witness 14 % CAGR during the assessment period (2017-2023) owing to the growing demand for camera-enabled cell phones. Image sensor being one of the most lucrative businesses is the company’s primary focus area.

Drivers and Restraints Affecting the Market

The emerging trend in Image Sensor Market is its application in several industries. For instance, Sony Corporation has come up as a separate company for profitable image sensor division. Samsung has also developed an advanced pixel technology in CMOS image sensor called ISOCELL. In order to meet the growing demand of image sensor in high-end photography, mobile imaging, and security and surveillance application, the company has converted one of its water fabrication lines into CMOS sensors.

Owing to the growing demand for low power consumption, camera enabled mobile phone, growing use in biometric applications, and compactness of CMOS image sensor, the global market for image sensor is likely to propel over the forecast period. Image sensors are also used in industry quality control to improve the product yield and spot detective units in the production line. The use of image sensors in biometrics, camcorders, video-conferencing applications, virtual keyboards, optical mice, and others have been in huge demand. The demand for such sensors has contributed to the market growth in a positive way. Moreover, with the innovation in technology, product upgrades and development coupled with new product launches in the market is expected to act as a traction to the growth of the market during the review period.

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Meanwhile, the declining market of the digital still camera and high power consumption in CCD image sensors are some of the major factors hindering the market growth globally over the assessment period.

Industry News

Omni Technologies has recently announced the OV01A product family of high-performance image sensors which has been specially designed for notebook computers with ultra-thin bezels. It uses PureCel Plus technology to deliver the best performance. The HD sensor provides customers with high quality images in an extremely small form factor.

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.

Global Image Sensor Market Segmentation

The global Image sensor market is segmented by technology, optical format, linearity, spectrum and application. Based on the technology, the market is segmented into CMOS, CCD, sCMOS and others. Based on the optical format, the market is segmented into 1/10 TO 1/6 inch image sensor, 1/5.9 TO 1/4 inch image sensor, 1/3.9 TO 1/2 inch image sensor, 1/1.9 TO 1 inch image sensor and above 1 inch image sensor. Based on the linearity, the market is segmented into linear and non-linear. Based on the spectrum, the market is segmented into visible spectrum and invisible spectrum. Based on the application, the market is segmented into consumer electronics, automobile, surveillance, medical and others.

Regional Analysis

By region, MRFR analysis shows Asia-Pacific is the leading player in the Image Sensor Market owing to presence of major market players in the region and is constantly investing into research and development of image sensor market to invent new technologies in imaging. Countries such as China, Japan and India contribute towards the highest generation of image sensor market in the region. Europe region is growing with a steady pace in image sensor market. The region is investing into development of efficient image sensors for strong border security for safeguarding the citizens from foreign attacks.

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Intended Audience

• Investors and consultants
• System Integrators
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers
• Original Equipment Manufacturers

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

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Release ID: 511505