Image sensors can be categorized into two types, analogue and digital image sensors. The digital image sensors are widely adopted currently and can be found in digital camera, camera modules, radar, thermal imaging equipment, medical equipment, etc.
Rising demand for advanced miniature image sensors from the healthcare industry coupled with increasing use of image sensors in various applications are major factors boosting growth of the global image sensors market. Also, technological advancements in image sensor technology and increasing adoption of image sensors in handheld devices, especially in mobile phones and tablets are other factors anticipated to fuel growth of the global market over the forecast period. But, high associated costs with production of image sensors and problems associated with use are major factors expected to hamper growth of the global market over the forecast period.
The global image sensor market report has been segmented on the basis of technology, type, application, and region. On the basis of region, the global image sensor market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The market in Asia Pacific accounted for highest share in terms of revenue in the global market and is projected to maintain its dominance over the forecast period. This can be attributed to rising demand for consumer electronic products and rapid industrializations in emerging economies in the region.
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The market in Asia Pacific is projected to witness significant growth over the forecast period with a CAGR of XX.X%. Increasing government initiatives for development of healthcare industry coupled with increasing public safety and security measures are major factors for double digit revenue growth of the Asia Pacific region. Moreover, the market in North America is estimated to account for second-highest revenue share in 2017, owing rising demand for advanced miniature image sensors in medical and consumer electronics in the region. The markets in Europe, Latin America, and Middle East & Africa are also projected to witness moderate growth over the forecast period.
Prominent players in the global image sensor market include Sony Corporation, OmniVision Technologies Inc., Aptina Imaging Corp., Samsung Semiconductor, Panasonic Corporation, Canon Inc., Micron Technologies, Hamamatsu Avago Technologies, and Magna Chips.