Image Detection Sensor Market - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024
The growing application of image detection sensors in consumer electronics, automotive and healthcare sector is having a very strong influence on the growth of the global image detection sensor market. The technological advancements and the expanding application range of CMOS and CCD sensors, such as in lighting solutions and displays for tablets, PC cameras, mobile front and back cameras, and point-and-shoot cameras, are also adding substantially to the market’s progress.
The growing application of image detection sensors in consumer electronics, automotive and healthcare sector is having a very strong influence on the growth of the global image detection sensor market. The technological advancements and the expanding application range of CMOS and CCD sensors, such as in lighting solutions and displays for tablets, PC cameras, mobile front and back cameras, and point-and-shoot cameras, are also adding substantially to the market’s progress.
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<strong>Image</strong> <strong>Detection</strong> <strong>Sensor</strong> <strong>Market</strong> (Technology Type - CMOS, CCD, <strong>and</strong><br />
Thermal; Application - Imaging <strong>and</strong> Photography; End Users -<br />
Healthcare, Automotive, Consumer Electronics, Industrial, <strong>and</strong><br />
Aerospace <strong>and</strong> Defense) - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong> <strong>Size</strong> <strong>Share</strong> <strong>Growth</strong><br />
<strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong> <strong>2016</strong> - <strong>2024</strong><br />
<strong>Global</strong> <strong>Image</strong> <strong>Detection</strong> <strong>Sensor</strong> <strong>Market</strong>: Snapshot<br />
The growing application of image detection sensors in consumer electronics, automotive <strong>and</strong> healthcare<br />
sector is having a very strong influence on the growth of the global image detection sensor market. The<br />
technological advancements <strong>and</strong> the exp<strong>and</strong>ing application range of CMOS <strong>and</strong> CCD sensors, such as in<br />
lighting solutions <strong>and</strong> displays for tablets, PC cameras, mobile front <strong>and</strong> back cameras, <strong>and</strong> point-<strong>and</strong>shoot<br />
cameras, are also adding substantially to the market’s progress.<br />
Over the forthcoming years, the rising usage of image detection sensors in photography application for<br />
consumer electronics is expected to drive the growth of the market significantly. The widespread application<br />
of CMOS sensors have in smartphone cameras, thanks to the single chip integration <strong>and</strong> the relatively<br />
low price of these sensors, is also projected to benefit this market in the near future.<br />
In 2015, the global image detection sensor market was valued at US$9.67 bn. progressing at a CAGR of<br />
9.60% between <strong>2016</strong> <strong>and</strong> <strong>2024</strong>, the opportunity in this market is likely to reach a value of US$22.01 bn by<br />
the end of <strong>2024</strong>. Although, the market looks flourishing at present, the declining dem<strong>and</strong> of still camera<br />
may limit the dem<strong>and</strong> for image detection sensors, hindering the market’s growth over the years to come.<br />
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CMOS <strong>Sensor</strong>s to Continue Enjoying Strong Dem<strong>and</strong><br />
In terms of the technology, the global market for image detection sensors has been classified into thermal,<br />
charge-coupled device (CCD), <strong>and</strong> complementary metal-oxide semiconductor (CMOS). Currently, the<br />
dem<strong>and</strong> for CMOS-based image sensors is higher than others. The scenario is anticipated to continue like<br />
this in the near future, thanks to the rising awareness among consumers pertaining to the advantages of<br />
CMOS, such as low power dissipation <strong>and</strong> single chip IC integration.
Apart from this, the high cost efficiency of CMOS sensors is also projected to add to their popularity<br />
significantly over the forthcoming years. Over the next few years, the increasing dem<strong>and</strong> CCD sensors<br />
from the healthcare industry is likely to boost the CCD segment while the rising application of infrared<br />
cameras for industrial usage is projected to drive the dem<strong>and</strong> for thermal sensor.<br />
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Asia Pacific to Remain on Top<br />
The Middle East <strong>and</strong> Africa, Europe, North America, Latin America, <strong>and</strong> Asia Pacific are the prime regional<br />
markets for image detection sensors across the world. Asia Pacific held the leading position in this<br />
market in 2015 with a share of more than 35% <strong>and</strong> is anticipated to remain doing so over the next few<br />
years. China, India, <strong>and</strong> Japan have emerged as the key domestic markets for image detection sensors in<br />
Asia Pacific.<br />
The increasing usage of image detection sensing technology in consumer electronics, automobiles, <strong>and</strong><br />
defense application is likely to boost the Asia Pacific image detection sensors market over the next few<br />
years. The rising application of thermal sensors in the aerospace <strong>and</strong> defense industry is also projected to<br />
propel this regional market in the near future.
In North America, increasing application in Internet of Things is considered as one of the prime driving<br />
factors for the market. The U.S. held the largest market share in terms of revenue owing to growing application<br />
of image detection sensors in consumer electronics, automotive <strong>and</strong> healthcare among others.<br />
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