Insights Into The Global Image Sensors Market And Worldwide Market Opportunity 2019by Agastya Bellamkonda Business Consulting By 2024, the CMOS - Complementary Metal Oxide Semiconductor image sensor market is expected to reach the US $17.919 Billion with a CAGR of 8.59%.
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The increase in the market comes from the rise in usage of CMOS in consumer electronic products and an increase in automobile driver assistance. The entry of the 8k resolution technology and lower light picture capture helps in getting a clearer picture, thus fueling the demand of the CMOS image sensors in cameras and security surveillance systems. Although, the availability of Charged Coupled Device (CCD) as a substitute for CMOS, and shortage of CMOS will restrain the growth of the CMOS image sensor market.
Growth by Region
Accounting for 37% market share in 2018, APAC has dominated the CMOS image sensor market and is projected to grow at a CAGR of 11.9% during the period 2018 and 2025. The growth is seen in APAC mainly due to the adoption of dual camera mobile phones in the region. One of the largest regional industries in terms of revenue is North America. Economies that are in the developing stage like India, China and countries in Latin America are projected to majorly contribute to the CMOS image sensor industry growth in the coming years.
Drivers and Constraints
Increasing use of electronics is a major driver for this market. Consumer electronics is expected to lead the CMOS image sensor market. These sensors provide better quality pictures compared to their alternative substitute, CCD, thus making it more desirable by consumers.
- Panasonic Corporation
- Omnivision Technologies
- Sony Corporation
- SK Hynix Inc.
- Pixart Imaging Inc.
- Sharp Corporation
- On Semiconductor Corporation
- Samsung Electronics
- Galaxycore Inc
- CMOSis N.V.
- E2V Technologies PLC.
- Toshiba Corporation
- Taiwan Semiconductor Manufacturing Co., Ltd.
- Teledyne Technologies, Inc.
- Stmicroelectronics N.V.
Industry Trends and Updates
The invention of the CMOS is taking over the market. The market which up until recently is being run by CCD (Charge Coupled Devices) will bring about a huge change with the invention of CMOS. The future for the technology world is the CMOS image sensors as they can be implemented with fewer components, use less power and are less expensive.
Sony has been dominating the market, at present, but with the rising growth of the technology, more such companies are entering the market and thus increasing the competition. Some companies are unable to satisfy the demand of vendors situated in their region; this shortcoming is mainly occurring in the APAC area due to the increasingly high demand. This can be a major restraint for the development of the market.
CMOS image sensor’s application in biotechnology and medicine has emerged. Many applications need advanced performance, which the conventional image sensors cannot meet the expectations. This system is working on to enhance and improve its current system and implement new functions, for this many structures and materials have been proposed, soon making these image sensors the future of technology.
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Created on Jul 22nd 2019 04:44. Viewed 396 times.
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