Image Sensors Market

Image Sensors Market – Deep dive into strategies of Leading players

Image sensors are effectively being used across wide range of applications from consumer electronics, photography to medical equipment and others. Increasing demand for high-end cameras, mobile smart phones, camcorders, and security cameras (CCTVs) have led the image sensors market to experience significant growth in the recent years. The study on curved sensors by Researchers at Microsoft has led to the development of spherically curved image sensors, when incorporated in the prototype cameras. The output examined for these cameras was improvement in the image quality compared to high – end commercial cameras.  Richard Stoakley, a researcher at Microsoft also stated, they would extend their research and would practically create such cameras with curved sensors at a reasonable cost, which would ultimately benefit the consumers. Presently, giants in electronics industry are also launching new products using technically advanced Image sensors. As per new release by Sony, in Feb 2017, they announced the use of enhanced DRAM technology, which would be a game changer in smartphone photography world. A new chip architecture would add a layer of DRAM between the pixel layer and circuit layer, which would capture images several times faster than current architectures. They added, use of this design / architecture would resolve three major issues with current smartphones - slow-motion videos, rolling shutter artifacts and multi-image noise reduction artifacts. As per the research, consumer electronics sector holds more than 38% of share in overall Image sensors market.  

 Images sensors have always been used in the Consumer electronics sector; however, one more sector that holds impressive growth potential is “Automotive sector”. Demand for Advanced Driver Assistance Systems (ADAS) across the sector (wherein image sensors play an important role in ADAS systems) which helps in monitoring braking, warning and steering tasks, is anticipated to witness unparalleled growth in the years ahead. This is majorly fueled by both regulatory mandates and consumer interests in vehicle safety applications that protect driver and reduce the accident rates. For example, A recent update on regulatory mandates by European Union and The United States stated that all vehicles should be equipped with forward-collision warning systems and autonomous emergency-braking systems by 2020. This has fueled the growth of ADAS systems in American and European region, which had ultimately led to rise in the demand for Image sensors in the automotive industry. This shows a potential growth of the Image sensors across automotive industry in near future.

Market Leader Talks

Industry leaders such as Sony and Samsung have planned to expand their CMOS production capacities in the coming years. According industry research, Sony, the giant in electronics industry, held 45% share of the global CMOS market share in 2016. They have disclosed plans to expand their CMOS production capacity by March 2018 from the current 85,000 units. Sony reported increase in their profit records by 2.8 times to $1.3 billion in April – June on the sales of Image sensors. The Chief Executive Officer (CEO) Kazuo Hirai added, the firm’s shares have increased by 40% this year and they are expecting to maintain their leadership in CMOS market till 2020.  Samsung, world’s second highest smartphone seller grabbed a 15% share of the global CMOS market in 2016. They are now looking forward to increase the image sensors production in the second half of 2017. This would eventually boost Samsung's overall productivity for CMOS to 45,000 units in the first half of 2018.

Market Forecast:

The technological advancements in the sensors industry is leading the market to grow at a faster pace. The Research Reports has conducted an in-depth analysis on Image sensors market industry and forecast the market to reach $22.9 billion by 2023.

Visit the Report Page: https://www.theresearchreports.com/product/global-image-sensor-market/