CMOS Image Sensor Market worth 17.1 Bn USD by 2020, According to a New Study on ASDReports
The report, now available on ASDReports, "CMOS Image Sensor Market by Technology (CMOS and Others), Specification, Wafer & Sensor Size, Application (Automotive, Consumer Electronics, Industrial, Entertainment, & Security & Surveillance), and Region - Global Trends and Forecast to 2020", the CMOS image sensor market is estimated to reach USD 17.1 Billion by 2020, growing at a CAGR of 11.8% between 2015 and 2020.
The factors driving the CMOS image sensor market include the implementation of CMOS image sensor in the consumer electronics sector, investment by players to develop CMOS image sensors for the automotive sector, and 4K pixel technology supporting the growth of the CMOS image sensor market in the security and surveillance sector.
CMOS Image Sensor Market - Global Trends and Forecast to 2020
Consumer electronics accounted for a share of ~73% of the market in 2014. This market is expected to grow at a CAGR of 10.8% between 2015 and 2020. The growing implementation of CMOS image sensors in dual camera mobile devices, tablets, and laptops has boosted the consumer electronics sector of the CMOS image sensor market. The preference of dual camera phones for capturing images instead of carrying a still camera has supported the growth of the CMOS image sensor market.
The market for CMOS image sensor in the automotive sector is expected to grow at a high CAGR of 19.4% between 2015 and 2020. The growing awareness about driver assistance and driver safety with the help of advance driver assistance system (ADAS) is attracting investments by major players. Major players such as Sony Corporation, OmniVision, and Toshiba are focusing on the development of CMOS image sensor for the automotive sector.
Asia-Pacific dominated the CMOS image sensor market, accounting for the market share of ~38% in 2014; it is expected to grow at a high CAGR of 13.0% between 2015 and 2020. The high adoption of dual camera mobile phones in APAC region is supporting the growth of the CMOS image sensor market. Also, majority of major players including Sony Corporation (Japan), Toshiba Corporation (Japan), and Panasonic Corporation (Japan) are situated in the APAC region.
The companies involved in the development of CMOS image sensor include CMOSIS N.V. (Belgium), e2v technologies plc. (U.K.), GalaxyCore Inc. (China), OmniVision Technologies Inc. (U.S.), ON Semiconductor Corporation (U.S.), Panasonic Corporation (Japan), PixArt Imaging Inc.(Taiwan), Samsung Electronics Co., Ltd. (South Korea), Sharp Corporation (Japan), SK Hynix Inc. (South Korea), Sony Corporation (Japan), STMicroelectronics N.V. (Switzerland), Taiwan Semiconductor Manufacturing Co., Ltd (Taiwan)., Teledyne Technologies, Inc. (U.S.), and Toshiba Corporation (Japan).
This research report categorizes the global CMOS image sensor market on the basis of technology, specification, wafer & sensor size, application, and region. This report describes the drivers, restraints, opportunities, and challenges with respect to the CMOS image sensor market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the CMOS image sensor market. Brief information on the research methodology implemented for the report can be found in the report description provided on the website.
Source : ASDReports - Market Research - view original press release