DUBLIN--(BUSINESS WIRE)--The "Image Sensor Market by Technology (CMOS, CCD), Processing Type (2D, and 3D), Spectrum (Visible, and Non- Visible), Array Type (Linear, and Area), Vertical (Automotive, Consumer Electronics, Industrial), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The image sensor market was valued at USD 14.19 Billion in 2017 and is projected to reach USD 24.8 Billion by 2023, growing at a CAGR of 9.75% between 2017 and 2023.
Major factors driving the growth of this market include the increasing penetration of image sensors in automobiles, the trend of miniaturization and dual camera in smartphones and tablets, and the demand for improved medical imaging solutions.
Asia Pacific (APAC) held the largest share of the image sensor market. APAC is the largest market due to the fact that more than 80% of the demand for image sensors is coming from the consumer electronics application, which includes smartphones and tablets, cameras, computers, and wearable electronics.
The global image sensor market is growing at a faster pace, but there are some restraints that are yet to be addressed. The higher manufacturing cost of image sensors is restraining the growth of the image sensor market. Images captured using low-megapixel cameras have numerous drawbacks. The image quality of such images gets reduced while zooming in, cropping, or taking prints. Hence, the demand for high-megapixel cameras is growing. To increase the number of pixels, manufacturers either have to increase the chip size or shrink the pixel pitch, as a result, inhibiting the growth of the image sensor market.
- Increasing Penetration of Image Sensors in Automobiles
- Trend of Miniaturization and Dual Camera in Smartphones and Tablets
- Demand for Improved Medical Imaging Solutions
- High Manufacturing Cost
- Innovation by OEMs of Image Sensors Will Lead to the Increase in the Use of Image Sensors in Applications Such as Machine Vision, ADAS, and Wearables
- Decreasing Market for CCD Technology and Migration From CCD to CMOS is Posing as a Challenge
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Image Sensor Market, by Technology
7 Image Sensor Market, by Processing Type
8 Image Sensor Market, by Spectrum
9 Image Sensor Market, by Array Type
10 Image Sensor Market, by Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Fastree 3D SA
- ON Semiconductor
- Pixart Imaging
- SK Hynix
For more information about this report visit https://www.researchandmarkets.com/research/vswbdm/24_8_billion?w=4