Various imaging devices such as digital camera or camera modules use a technology, where, the optical image is obtained by a lens in a form of an electrical signal, this function is performed by a sensor known as imaging sensor.
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Over the time this technology has overtaken the traditional cameras, as the imaging sensors promise to deliver better quality image.
Technically digital cameras make use of the light hollows and a sequence of photosites to capture the image. The light used for creating an image in a camera, depends upon the type of image sensor, also the quality if the image depends upon the same.
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Moreover, Digital Single Lens Reflex (DSLR) have built-in interchangeable lens comprising of large sensors.
With increasing requirement for better picture quality by the selfie generation of today, the demand for camera integrated devices such as tablets, mobile phones, computers and digital cameras is booming, which is said to be the major driver for image sensor market. Also, other factors such as advancement in sensor technologies like backlight illumination complementary metal-oxide semiconductor (CMOS) and low cost availability of the image sensors are expected to boost the market globally.
The major reasons hindering the market could be the falling demand for photographic equipment specially designed for capturing still images and high maintenance cost of these devices. The image sensing market has great scope for growth in verticals such as the security, medical and architectural industry, as demand for advanced image technology in these industries is increasing day by day creating high opportunity for the image sensor market.
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This market is segmented on the basis of technology, application and region. The technology segment of image sensor market comprises the charged-coupled device (CCD), CMOS, contact image sensors (CIS) and hybrid.
CMOS are cost efficient and less power consuming then the other technologies and also used by majority of electronic device manufacturers, thus, it has the dominance in market with respect to other technologies. The application segment of image sensor market is classified into automotive, consumer electronics, aerospace, defense, medical and surveillance industry.
From the application point of view the consumer electronics captures the majority of the market shares followed by medical and surveillance. The market is broadly segmented in five regions, viz., North America, Asia Pacific, Europe, South America, and Middle East & Africa.
The region wise segment of the market is majorly captured by Asia- Pacific and specifically China, Japan and South Korea, that is more than a quarter of the entire market followed by North America and Europe, which, are expected to grow at steady pace and gain the equivalent market in coming years. Other regions such as South America and Middle East are also expected to register a decent growth rate during the forecast period.
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Some of the key players in this market include GalaxyCore Inc., SK Hynix Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, Panasonic Corporation, ON Semiconductor Corporation, Sony Corporation, Sharp Corporation, Omni Vision technologies Inc., Teledyne Technologies, Inc., CMOSIS NV, e2v technologies Inc., Baumer, Ltd., Honeywell Process Solutions, Weber Ultrasonics GmbH, Nanomotion, Ltd., Siemens AG, and Pepperel+Fuchs GmbH among others.
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