TMCnet News
CMOS Image Sensor Market to Witness Growth Owing to High Adoption of Innovative Technologies | TechnavioThe global CMOS image sensor market is expected to grow at a CAGR of more than 12% during the forecast period, according to Technavio's latest market research. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171010005996/en/ 
Technavio has published a new report on the global CMOS image sensor market from 2017-2021. (Graphic: Business Wire) In this market research report, Technavio covers the market outlook and growth prospects of the global CMOS image sensor market for 2017-2021. The market is further categorized into four application segments, including consumer devices, automotive, security, and industrial. The consumer devices segment accounted for close to 83% of the market share in 2016. "The market is characterized by a technological shift from charged CCD sensors to CMOS because of the simple manufacturing process and low costs. Though CCD sensors offer better features, such as great light sensitivity and quality, their adoption is low because of their complicated design and high-power consumption. The consumer device segment will remain the key market driver during the forecast period owing to the increase in the demand for mobile-related applications," says Chetan Mohan, a lead sensors research expert from Technavio. Technavio's research analysts segment the global CMOS image sensor market into the following regions:
Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The CMOS image sensor market in the Americas is expected to maintain its steady growth trajectory in the coming years. The early adoption of new technologies and gadgets drives the market growth. In addition, the region has a large consumer base for consumer electronics, such as tablets and smartphones. The high rate of industrial automation in the US drives the demand for CMOS image sensors as they are widely used in automated manufacturing and process machinery. The US and Canada boast of a strong healthcare sector which will lead to demand for a large number of medical devices that are integrated with CMOS image sensors. "The growing demand for camera-enabled phones in South America will drive the market in the region. The government in South America is also focusing on urbanization and improving healthcare sectors. The increasing use of these sensors in automobiles and medical equipment is expected to have a positive impact on the market in the region," says Chetan. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. CMOS image sensor market in APAC The region is expected to grow at the highest CAGR, owing to the presence of many manufacturing units for consumer electronic devices. In addition, APAC has the largest customer base for consumer devices. Rising disposable incomes have led to increased consumer spending capacity, which has further fueled the demand for latest gadgets. China, Japan, Taiwan, South Korea, and India are the key revenue contributors to the market in the region. These countries have numerous consumer electronics manufacturing units. The presence of numerous semiconductor manufacturers in Japan, Taiwan, Korea, and China, will fuel market growth. In addition, the availability of low-cost labor and setting up of production facilities by global vendors are factors that will have a positive impact on the market in the region. CMOS image sensor market in EMEA EMEA will exhibit the lowest growth compared with other regions because of the low concentration of image sensor manufacturers and small consumer base. Germany is among the leading nations in the region. The country has numerous leading car manufacturers that offer CMOS sensing technology in their vehicles. The technology ensures passenger safety and promotes the development of intelligent vehicle systems. The country plans to automate a majority of the industrial process by the end of the forecast period. Advanced R&D in the medical field will also drive the demand for image sensing technology. South Africa is expected to account for the highest contribution to the market share in this region. The top vendors in the global CMOS image sensor market as highlighted in this market research analysis are: Browse Related Reports:
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20171010005996/en/ |
