Market Highlights —
The regional wise segmentation of image sensor market consists of North America, Europe, Asia-Pacific and Rest of the World. North America is one of the most competitive markets across the globe with various regional players and a few large international players in image sensor market. Europe region is growing with a slow pace in image sensor market. Emerging economies from countries such as Germany, UK, France, Russia, Italy, Benelux and Spain is driving image sensor market. Moreover, Asia-Pacific is also expected to have potential growth in the forecast period due to increasing investment of major players in Image Sensor Market.
The Image Sensor Market is expected to grow at approximately USD 19,615 Million by 2023, at 14% of CAGR between 2017 and 2023.
Image Sensor Market Players:
• Sony Corporation (Japan)
• Samsung Semiconductor Inc. (South Korea)
• OmniVision Technologies Inc. (U.S.)
• ON Semiconductor (U.S.)
• PixArt Imaging Inc. (Taiwan)
• GalaxyCore Inc. (China)
• SK Hynix Inc. (Korea)
• Teledyne Technologies (U.S.)
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Image Sensor Market Segmentation
The image sensor market has been segmented on the basis of technology, optical format, linearity, spectrum and application. By spectrum it consists of visible spectrum, invisible spectrum. Visible spectrum possess very high resolution, it captures full color images with less power consumption. Visible spectrum in image senor allows to capture images in both day and night light condition.
Market Research Analysis:
Regional analysis for image sensor market is studied in different geographic regions such as North America, Europe, Asia-Pacific and Rest of World. North America region is the prominent player in the image sensor market due to advanced technological implementation in security system. European region is growing with a slow pace in the image sensor market. Increase demand from citizens regarding security issues and investment by government in image sensor market is driving the market in the region. Europe region is facing frequent terror attacks that enable government and security agencies to implement advanced and powerful security equipments to combat foreign attacks. The protection of citizen in the region and across the border has risen the need for strong security surveillance gadgets. Asia-Pacific region is the leading player in the frequency synthesizer market owing to advanced infrastructure development from countries such as China and India that is boosting the market growth. Increasing urbanization, business expansion across and industrial developments is driving the growth of image sensor market in the region.
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