The global market for image sensors is expected to reach USD 12,028.2 million by 2020, according to a new study by Grand View Research, Inc. Image sensors are primarily used in camera phones and tablets; therefore, growing demand for these devices is expected to be the key driving force for the market. Furthermore, growth in industrial, automotive and medical industries is expected to fuel market growth in the coming years.
Focus on minimally invasive procedures such as endoscopy, as well as advancements in the healthcare space are estimated to boost market penetration. Additionally, image sensor prices have been declining, a trend that is expected to continue through the forecast period. The advent of backside illumination (BSI) technology has resulted in surge in demand for CMOS image sensors. However, lower power efficiency of CCD image sensors is expected to steadily erode demand for this segment on a global level.
The report “Image Sensors Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/image-sensors-market
Further Key findings from the study suggest:
• Global image sensor shipments were estimated to be 1,797.9 million units in 2012; they are expected to reach 3,009.2 million units by 2020, growing at a CAGR of 6.7% from 2014 to 2020. • CMOS image sensors offer a number of benefits including superior image quality over their CCD counterparts. CMOS image sensors dominated the market in 2012, accounting for 83.2% of total shipments. Contact image sensors (CIS) require lesser power, and can be used in smaller devices; the segment is estimated to grow at a CAGR of 4.4% from 2014 to 2020. • Consumer electronics was estimated to be the largest application segment in 2012 in value and volume terms, fuelled by surging demand for mobile phones and tablets. Majority of smartphones are fitted with primary as well as...
Please join StudyMode to read the full document