Image Sensor Market Has Great Future In Healthcare Industry

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Image Sensors Market Analysis and Forecast
(2014 - 2024)
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Image Sensors Market

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Image Sensors Market
Industry Overview
The global image sensors market was valued at USD
13.6 billion in 2017 and is expected to witness a
CAGR of 10.3, during the forecast period. The
increasing acceptance for image sensing devices
in the automobile domain along with excessive
demand for enriched medical imaging systems are
the major factors pertaining to the growth of
image sensors market across the globe. Image
sensors are rapidly being utilized in imaging
devices and digital cameras for converting light
received on the camera into digital imagery.
Increasing demand for high-definition cameras,
smartphones, and security cameras have upgraded
the application of imaging sensors in various
industry domains such as medical, industrial,
consumer applications and media, which is
supporting the growth of the image sensors market
worldwide.
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Image Sensors Market
Growth Drivers
Furthermore, extensive demand pertaining to
improved medical imaging solutions widened
accessibility and availability of image sensors
technique along with reduced threshold due to
improvement in technology. This is expected to
bolster the growth of the image sensors market in
healthcare domain across the globe. However, high
cost pertaining to manufacturing is the major
factor that is hampering the growth of image
sensors market across the globe. On the basis of
technology, the image sensors market is segmented
into the charge-coupled device, complementary
metal-oxide-semiconductor and others. Among all
these segments, complementary metal-oxide-semicond
uctor hold the largest share in the global market
due to its features such as lower power
consumption and decreased size of the system.
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Image Sensors Market
Geographic Overview
Asia-Pacific hold the largest share in the image
sensor market, globally. The growth of image
sensors market in this region is due to
increasing industrialization and research and
development activities. Additionally, an
increasing requirement of safety-related
directives in the automotive domain is increasing
due to large number of accidents
cases. Industrial segment is further classified
into industrial surveillance and monitoring,
machine vision and robotic vision. Among all
these segments, consumer electronics account for
the largest revenue in the global market due to
increasing up gradation in the CMOS technique
that has significantly impacted the dissemination
of image sensors into smart devices. Moreover,
extensive demand for dual and secondary camera in
smartphones is further strengthening the growth
of image sensors market across the globe. Explore
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Image Sensors Market
Competitive Insight
The key players in the image sensors market
include Sony Corporation, Samsung Electronics Co.
Ltd., OmniVision Technologies Inc., Panasonic
Corporation, Canon Inc., Toshiba Corporation, SK
hynix Inc., STMicroelectronics N.V., ON
Semiconductor Corporation and Hamamatsu Photonics
K.K
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Image Sensors Market
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