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Research Analyst
Meghna Bhatt | meghnabhatt121

Outlook on the Global Image Sensors Market, Growth, Trends and Forecast 2018-2024

Jul 10th 2019 at 5:08 AM

Image Sensors Market


The increasing acceptance for image sensing devices in the automobile domain along with excessive demand for enriched medical imaging systems are the major factors pertaining to the growth of image sensors market across the globe. Image sensors are rapidly being utilized in imaging devices and digital cameras for converting light received on the camera into digital imagery.


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Increasing demand for high-definition cameras, smartphones, and security cameras have upgraded the application of imaging sensors in various industry domains such as medical, industrial, consumer applications and media, which is supporting the growth of the image sensors market worldwide.


The industrial segment is further classified into industrial surveillance and monitoring, machine vision and robotic vision. Among all these segments, consumer electronics account for the largest revenue in the global market due to increasing upgradation in the CMOS technique that has significantly impacted the dissemination of image sensors into smart devices.


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Extensive accident cases are thereby instilling the requirement for ADAS (advanced driver assistance system) in the automobile domain with the assimilation of progressive image sensing proficiencies acting like a major market driver, and further accentuating the growth of image sensors market in this region.


The key players in the image sensors market include Sony Corporation, Samsung Electronics Co. Ltd., OmniVision Technologies Inc., Panasonic Corporation, Canon Inc., Toshiba Corporation, SK Hynix Inc., STMicroelectronics N.V., ON Semiconductor Corporation and Hamamatsu Photonics K.K.


Source: VynZ Research

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