Asia-Pacific Image Sensors Market Overview:
Asia-Pacific Image Sensors Market is expected to garner $8 million by 2022. Image sensor is a device that detects optical image presented by a lens, which converts this information through electrical signals. It is used in devices such as in digital cameras and varied camera modules. Complementary metal‐oxide‐semiconductor (CMOS) technology has led to a paradigm shift in the industry for designing advanced image sensors due to its enhanced efficiency, thereby driving the market growth. Increased proliferation of smartphones, rise in investment by automotive sector, growth in demand for security & surveillance in public places, and upsurge in demand for minimum medical invasive procedures in medical sector are the factors that fueled the growth in Asia-Pacific. However, high manufacturing cost of image sensors is a key factor hampering the market growth.
The Asia-Pacific image sensors market is segmented on the basis of technology, application, and country. Based on technology, the market is segmented into charge-coupled device (CCD) and complementary metal‐oxide‐semiconductor (CMOS). CMOS is the leading segment, which is further bifurcated into front-side illuminated (FSI) and back-side illuminated (BSI). By application, the market is segmented into consumer electronics, defense & aerospace, medical, industrial, automotive, and security & surveillance. The countries analyzed in the report include China, Japan, India, Taiwan, South Korea, and rest of Asia-Pacific.
CMOS is the most preferred technology for image sensors:
CMOS technology converts photon flux to digital signal. CMOS image sensor has amplifiers for each pixel and A/D-converter, which reduce the cost of CMOS image sensor-enabled camera. It offers an integrated solution, which includes imaging device and processing electronics into signal chip. Major companies invest heavily into the CMOS technology to meet the growing demand for these image sensors by smartphone manufacturers. Sony Corporation announced to increase the production CMOS sensors from 70,000 to 73,000 wafers to meet the increasing demand for smartphones. Furthermore, rise in demand for high-resolution camera-enabled smartphones and increase in investment into production of CMOS sensors by major players are projected to drive the market growth. 3D image sensing and IoT devices are expected to create an opportunity for CMOS image sensors.
Growth in investment in automotive sector by automotive companies drive the image sensors market
The leading automotive companies invest heavily to increase the comfort and safety levels of drivers by implementing the advanced technology through association with technological companies. Japan-based car manufactures such as Toyota Motor Corporation and Nissan Motor Company Ltd are implementing advanced driver assistance systems (ADAS), which offer parking assistance, collision avoidance systems, automatic headlight dimming, and lane departure warning. ADAS uses image sensors to capture the all outside world images to assist the drivers, minimizing the chances of accidents while driving. Moreover, rise in investment in autonomous cars is anticipated to increase the adoption of ADAS system in the cars. For instance, in August 2016, Toyota Motor Corporation planned to invest around $22 million over the next four years in autonomous vehicle along with others applications such as artificial intelligence and robotics. They have planned to set a research institute at the University of Michigan. At present, automotive sector is an emerging sector for the image sensors market and has potential for growth in future.
Stringent government regulation on driver assistance systems in vehicles, increase in adoption of ADAS, and heavy investment in autonomous cars are expected to drive the growth of image sensors in the automotive sector. In addition, images sensors have an impressive growth potential in this sector.
India: Most Lucrative Image Sensors Market
India shows high growth rate for image sensor market. Large base of smartphone users and increase in purchasing power of individuals are the key factors that fuel the growth of the market. The ongoing trend of the Internet of Things (IoT) is expected to boost the growth of the market in the country.
Supportive FDI regulations have encouraged overseas players to invest in the country. Most of the manufacturers have set up their manufacturing units in India to cater to the growing demand form South Asian and MEA regions for sensor-enabled products. For instance, in October 2016, Samsung signed an MOU with the Uttar Pradesh Government for setting up a manufacturing unit in the state, which is expected to manufacture mobile phones, refrigerators, and television units.
Key Benefits of the Report:
- The report provides in-depth analyses as well as projects the estimated revenue of Asia-Pacific image sensors market across major countries in the region during the forecast period.
- Quantitative analysis of the current market and estimations is provided in the report to assist stakeholders to analyze the market dynamics.
- The projections in the report are based on analysis of the current market trends and market potential, in terms of value.
- The report includes an extensive analysis of the market by closely following key product positioning and monitoring of top contenders within the market framework.
- The report provides quantitative as well as qualitative market trends to help stakeholders to understand the market scenario.
Image Sensors Market Key Segments:
- CMOS Image Sensor
- CCD Image Sensor
- Consumer Electronics
- Defense & Aerospace
- Security & Surveillance
- South Korea
- Rest of Asia-Pacific