Industry Insights
Image sensors comprise of pixels and picture elements. The amount of
light falling on them is registered and converted into equivalent number
of electrons. These are later on converted into voltage and altered
utilizing an analog to digital (A/D) converter. As image sensors find
application in digital cameras, they are anticipated to show higher
demand over the forecast period.
Increasing need for electronic gadgets such as smartphones that are
integrated with image sensors is anticipated to drive the market growth
globally. Moreover, rapid increase in number of professional cameras
such as DSLRs, mirror-less transposable lens cameras is expected to
positively influence the market over the upcoming five years. Image
sensors can be categorized into Complementary Metal Oxide Semiconductor
(CMOS) image sensors and Charge Coupled Device (CCD).
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The profits given by CMOS image sensors over their threats are
expected to positively impact market growth over the upcoming few years.
CMOS chips comprise of amplifiers along with the A/D converters, which
resulted into low price of the target camera. Furthermore, they offer
profits which include lower power consumption, small system size and
higher noise immunity. As well as they provide low light sensitivity,
superior image quality. CMOS image sensors make easy random pixel
access, activating functions such as electronic pan and tilt.
Rising focus and preference of decreasing the specification of
customer electronics has led to requirement for developing sensor
resolutions. For ensuring in general efficiency, camera producers have
planned BSI or backside lighting. In this type of approach, the light
falls on the flipside and the chip is kept upside down manner. As an
outcome, there is decreased noise and light loss. This factor is
anticipated to urge product growth over the upcoming years. The CMOS
image sensors could be active pixel and inactive pixel in nature.
Inactive pixel image sensor suffers from sound that appears as a
background pattern in the captured image that can be overcome using
active pixel sensor technology.
Application Insights
Consumer electronics is anticipated to be the biggest application
fragment on the basis of revenue and volume over the forecast period.
This can mainly be contributed towards demand for smartphones and
interrelated electronics in developing and developed markets. Rising
need for higher quality images has contributed for innovation and
product development. Falling down of sensor prices are also anticipated
to attribute to shipment during the upcoming years. In the automobile
sector, implementation of advanced driver assistance systems and
increasing safety regulations has shown results in more number of CMOS
image sensors. Automotive applications include lane tracking and
automatic cruise control. The medical fragment is projected to develop
at the fastest rate over the forecast period.
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Regional Insights
Asia Pacific is projected to be the fastest and highest rising
regional market over the forecast period. Increasing penetration of
smartphones operational with secondary and primary cameras to use
applications which includes video calling that is estimated to drive the
regional market growth. Moreover, implementation of digital cameras
that are integrated with bigger image sensors tied with the trend of
sharing images on social media that is expected to give push to the
market in Asia Pacific. Substituting demand for transportable electronic
equipments is estimated to be the main factor to drive the market in
North America and Europe.
Competitive Insights
The major players within the Image sensors market include Canon Inc,
OmniVision, Aptina Imaging, Samsung and Sony Corporation. These players
are adopting various strategies such as innovation and product
development to deliver competitive advantage.
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