NEW YORK, May 16, 2018 (GLOBE NEWSWIRE) -- The global image sensor market is expected to grow significantly from USD 14.1 billion in 2017 to USD 25.6 billion in 2024 at a CAGR of 10.3%. Factors driving the global image sensor market are; growing demand for miniaturization in consumer electronics, rising demand for dual camera in smart phones and tablets, and growing government concern for security solutions in commercial as well as residential purposes. Moreover, growing need for cost effective smaller pixel devices with high resolution and increasing demand for medical imaging is further augments the market growth. However, high manufacturing cost associated with image sensors may hamper the market growth.
Image sensor plays a vital role in developing a crystal clear vision to view the desired aim. Earlier 2D sensors were used, but now it has been substituted by 3D sensors. This sensor is majorly designed for smart phones, tablets, and augmented reality devices. 3D sensors are categorized in “time of flight”. It also finds its wide application in self driving automobiles, drones, gaming consoles, and others.
Adoption of curved image sensor resulting in high optical performance in consumer electronics
Flat sensors may overcome several deviations, which ultimately leads to good quality of an image. But, emerging curved sensor uses less optical elements and offers an efficient way to correct aberrations by using wide angle lenses that generate sharp and clear images. CMOS technology has tremendously enhanced the penetration of image sensors into consumer electronics including smart phones, tablets, and others.
Image sensor Market - Regional insight
Asia-Pacific (APAC) is expected to acquire the largest market share during the forecast period owing to the growing demand for image sensors in consumer electronics such as tablets, cameras, smart phones, and other wearable electronics. The evolution of advanced driver assistance system (ADAS), mainly in China, for automotive application is further augmenting the demand of image sensor in APAC. Furthermore, this region is also the fastest growing region due to the rapid increase in number of smart phones users.
Browse full research report with TOC on “Global Image Sensor Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024” at: https://www.energiasmarketresearch.com/global-image-sensor-market-report/
To purchase report: sales@energiasmarketresearch.com
Key findings from the report:
The report segments the global image sensor market on the basis of technology, type, array, spectrum, application, and region.
By Technology
By Type
By Array
By Spectrum
By Application
By Region
About Energias Market Research Pvt. Ltd. -
Energias Market Research Pvt. Ltd. publishes high quality reports, in-depth market research studies, to help clients obtain investment level clarity on current business scenario, trends and segmentation for their future developments. We are committed to our client’s needs, by providing high quality custom reports solutions best fit for strategy development and implementation to high return of invest (RoI). We believe that exceptional problems need expertise to solve, and with the help of our industries expertise we are able to offer an in depth understanding of what’s crucial, what’s applicable, and what it takes to ensure accomplishment in any business or venture.
With a wide range of expertise from various industrial sectors and more than 50 industries that includes energy, chemical and materials, information and communication technology, semiconductor and electronics industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.
Contact:
Mr. Manas Nagi
Business Development Manager
For any queries email us: info@energiasmarketresearch.com
To purchase report: sales@energiasmarketresearch.com
Call us: +1-716-239-4915