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Image Sensor Market Analysis By Technology (CMOS And CCD), By Application (Automotive, Consumer Electronics, Industrial/ Defense, Security & Surveillance, And Medical), And Segment Forecasts Till 2024LONDON, Dec. 7, 2016 /PRNewswire/ -- The global image sensor market is anticipated to reach USD 26.41 billion by 2024, according to a new report by Grand View Research, Inc. The industry is poised for an unprecedented growth over the forecast period owing to the rising expenditure on security & surveillance in public places across regions and increasing disposable income across the emerging and developing economies. The impact of information technology in the automotive, defense, medical, and industrial application has driven the demand for image sensors over the projected period. Further key findings from the report suggest: The image sensor market is anticipated to witness a considerable growth over the projected period owing to the increasing awareness of early diagnosis. Moreover, a growing number of diagnostics imaging procedures have increased the demand for imaging systems in the healthcare facilities. The CMOS technology is anticipated to grow at significant CAGR over the projected period owing to the characteristics such as low power consumption, high immunity to noise, and less emission of waste heat. Consumer electronics is anticipated to gain the highest revenue over the forecast period owing to the wide applications in devices such as wearable, tablets, notebooks, PCs, webcams, gaming consoles, and so on. The industrial/defense application is anticipated to witness a CAGR of over 15.2% over the forecast period. The growth is attributed to the increased defense spending by countries across the region. The increasing performance of the high-end CMOS technology is competing with the CCD technology on the factory floors. Reducing the cost of mainstream cameras and sensors allows vision to be used effectively in the industrial applications. The North American image sensor industry is anticipated to have a significant growth over the forecast period. The increasing per capita healthcare expenditure and prevailing large consumer base have influenced the growth in the region. The key players in the image sensor market include OmniVision Technologies, Inc., (U.S.), Toshiba Corporation (Japan), and Pixart Imaging, Inc. (China). Companies are focusing on developing new products to enhance their market share. Download the full report: https://www.reportbuyer.com/product/4394746/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/image-sensor-market-analysis-by-technology-cmos-and-ccd-by-application-automotive-consumer-electronics-industrial-defense-security--surveillance-and-medical-and-segment-forecasts-till-2024-300375033.html SOURCE ReportBuyer |