Technology Leader Driving Image Sensors Innovations by AmrutaDP · December 4 Wholesale NBA Jerseys Cheap , 2019
The global聽image sensor market聽is anticipated to reach USD 26.41 billion by 2024, according to a new report by Grand View Research, Inc. The industry is poised for an unprecedented growth over the forecast period owing to the rising expenditure on security & surveillance in public places across regions and increasing disposable income across the emerging and developing economies. The impact of information technology in the automotive, defense, medical, and industrial application has driven the demand for image sensors over the projected period.
Increasing adoption of technologies for improving anti-terror equipment鈥檚 mitigating the security lapses has demanded for better camera resolution Wholesale NBA Jerseys From China , which has further enhanced the market growth. The IP cameras are expected to have a significant growth over the forecast period as compared to analog cameras, which is due to higher resolution, secure transmission, ability to cover more distance, high-speed recording, and lower cable cost. Consumer electronics is expected to be the key application segment having the significant penetration and is also anticipated to grow at a considerable rate over the forecast period. The leading companies in the market are seeking new revenue sources as the smartphone market is attaining maturity. This has resulted in increased demand for the image sensors in the wearable industry and other applications.
The increasing R&D expenditure on the deployment to have a raw material access is expected to compel the backward integration at the buyer鈥檚 end. For instance Wholesale NBA Jerseys China , Beijing-based Hua Capital Management Co., Ltd. planned to acquire U.S-based OmniVision Technologies, Inc. in 2016 to overcome the supply shortage in the market.
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Further key findings from the report suggest:
The image sensor market is anticipated to witness a considerable growth over the projected period owing to the increasing awareness of early diagnosis. Moreover, a growing number of diagnostics imaging procedures have increased the demand for imaging systems in the healthcare facilities. The CMOS technology is anticipated to grow at significant CAGR over the projected period owing to the characteristics such as low power consumption, high immunity to noise, and less emission of waste heat. Consumer electronics is anticipated to gain the highest revenue over the forecast period owing to the wide applications in devices such as wearable Wholesale NBA Jerseys , tablets, notebooks, PCs, webcams, gaming consoles, and so on. The industrialdefense application is anticipated to witness a CAGR of over 15.2% over the forecast period. The growth is attributed to the increased defense spending by countries across the region. The increasing performance of the high-end CMOS technology is competing with the CCD technology on the factory floors. Reducing the cost of mainstream cameras and sensors allows vision to be used effectively in the industrial applications. The North American image sensor industry is anticipated to have a significant growth over the forecast period. The increasing per capita healthcare expenditure and prevailing large consumer base have influenced the growth in the region. The key players in the image sensor market include OmniVision Technologies Wholesale Authentic Jerseys , Inc., (U.S.), Toshiba Corporation (Japan), and Pixart Imaging, Inc. (China). Companies are focusing on developing new products to enhance their market share.
Grand View Research has segmented the image sensor market on the basis of technology, application Wholesale Jerseys Shop , and region:
Image Sensor Technology Outlook (Revenue, USD Million, 2014 –聽2024)
CMOS CCD
Image Sensor Application Outlook (Revenue, USD Million, 2014 –聽2024)
Automotive Consumer Electronics Security & Surveillance IndustrialDefense Medical Others
North America Europe Asia Pacific Latin America MEA
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries Wholesale Jerseys From China , from technology to chemicals, materials and healthcare.
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