Image Sensor Market: Study Navigating the Future Growth Outlook
May 27, 2021
Market Research Future published a cooked research report on the Image sensor market and how it is expected to grow with the CAGR of more than 8% from 2015 to 2021.
For the Global image sensor market, drivers are raising demand for camera enabled mobile phones, low power consumption with compact image sensor, and increased use of image sensors in biometric applications.
The CMOS image sensor segment is projected to be the fastest-growing technology during the period 2015 to 2024.
Rapid development of low-power CMOS image sensors allows their penetration into various disciplines such as automotive, mobile phones, digital still cameras, and others. CMOS image sensors offer considerable advantages in terms of flexibility, low power, low cost, low voltage, and miniaturization. These features make them very suitable for security and medical applications.
The factors driving the global image sensors market are the growing use of image sensors for biomedical applications, camera enabled mobile phones, and others.
Increasing usage of image sensors in automotive applications such as lane departure warning system, rear corners, advanced driver assistance system, safety and security system and others are laying new opportunities for the image sensors market.
The North America region was the largest market for image sensor device in 2014. Asia-Pacific image sensors market is expected to grow at highest rate during the forecast period attributed to rising demand of consumer electronics products.
This report includes a study of strategies, product portfolios, and developments of major market players.
For more information, visit marketresearchfuture.com.