Image Sensor Market Outlook and Growth to 2023

Market overview
The image sensor is a kind of electronic photosensitive device that is used to transform an optical image into an electric signal. It contains millions of photodiodes and performs as an image receiver in digital imaging equipment. It is extensively used in camera modules, digital cameras, and other imaging devices.
The global Image Sensor Market is expected to grow from USD 12.78 Billion in 2016 to around USD 24.80 Billion by 2023, with a CAGR of 9.75% over the forecast period.

Recent developments
• In July 2018 - Sony launched the IMX586, stacked CMOS design that raises the image quality by mounting the resolution to the 48 megapixels, which is according to the company is the premier in the whole industry. This product is expected to attract numerous consumers.

Market Drivers and Restrains
The demand for such sensors has also seen an ascendant growth as economies rise from the recent global recession. Further, the inventive use of image sensors in machine vision and image processing technologies will divine well for this market.
Raised power consumption leads to heating problems in cameras, which negatively affect the image quality besides raising the cost of the product. This is one of the main roadblocks to the evolution of the image sensors market.
The progress of the image sensors market is strongly backed by the leading players’ compact image sensing devices and manufacturing low power.

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Report is segmented as
By Technology
• CMOS
• CCD
By Processing Type
• 2D
• 3D

Geographical Segmentation:
Based on geography, the market is divided under various regions, namely North America, Europe, Asia-Pacific and the Rest of the World. North America is leading the global Image Sensor Market.

Key market players:
• Canon Inc
• Samsung Electronics Co. Ltd
• Vivint (US)
• Bosch (Germany)
• Sony Corporation
• ams AG
• STMicroelectronics N.V
• ON Semiconductor Corporation
• ADT (US)
• Securitas (Sweden)
• UTC (US)
• Schneider (France)
• Johnson Controls (US)

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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