With the rising demand for dual-camera mobile phones for better image quality and growing image sensor usage in biometric applications, the image sensors market is witnessing significant growth.
New York, United States - November 25, 2019 /MarketersMedia/ —
In 2017, the global image sensor market reached $15,934.8 million and is predicted to advance at a 6.2% CAGR during the forecast period (2018–2023). This is due to the development of low-power and compact complementary metal-oxide-semiconductor (CMOS) image sensors, rising usage of image sensors in biometric applications, and increasing demand for dual-camera mobile phones.
Image sensor is an electronic component which detects light waves and converts them into digital signals for conveying information. These sensors work on the principle of the conversion of variable attenuation of light waves into digital or analog signals.
On the basis of technology, the image sensor market is bifurcated into CMOS and charged-coupled devices (CCD). During the historical period (2013–2017), the larger share of the market was occupied by the CMOS category, which is projected to retain its position during the forecast period, as these sensors have reduced system size and consume less power.
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The category is further divided into back-side illumination (BSI) and front-side illumination (FSI). The market was dominated by the BSI division during the historical period.
When application is taken into consideration, the image sensor market is categorized into security & surveillance, healthcare & life sciences, consumer electronics, industrial, automotive, and others. Out of these, the consumer electronics category accounted for the major share of the market during the historical period and is going to retain its position during the forecast period.
Some of the key players operating in the global image sensors market are Sony Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., OmniVision Technologies Inc., Canon Inc., STMicroelectronics N.V., Toshiba Corporation, SK Hynix Inc., ON Semiconductor Corporation, and Hamamatsu Photonics K.K.
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This is due to the shifting preference of consumers for dual-camera smartphones and growth in the sales of consumer electronic devices comprising a camera. The automotive category is predicted to grow at the fastest pace during the forecast period.
IMAGE SENSORS MARKET SEGMENTATION
By Technology
Complementary Metal–Oxide–Semiconductor (CMOS)
Front-side illumination (FSI)
Back-side illumination (BSI)
Charge-Coupled Device (CCD)
By Processing Type
Two-Dimensional (2D)
Three-Dimensional (3D)
By Operating Spectrum
Visible
Invisible
By Array Type
Area
Linear
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