With the rising demand for dual-camera mobile phones for better image quality and growing image sensor usage in biometric applications, the image sensors market is witnessing significant growth. In 2017, the market generated a revenue of $15,934.8 million, and it is predicted to progress at a CAGR of 6.2% during the forecast period (2018–2023).
Image sensor is an electronic piece that senses light waves and transforms them into digital signals to deliver information. It works on the conversion principal of variable attenuation of light waves into digital or analog signals.
Based on processing type, the image sensor market is classified into three-dimensional (3D) and two-dimensional (2D) image sensors. Of the two, in 2017, the 2D image-sensing devices registered a dominating revenue share of 70.0% in the market, and it is also anticipated to maintain its lead during the 2018–2023 period.
On the basis of technology, the image sensor market is bifurcated into charge-coupled device (CCD) and complementary metal-oxide-semiconductor (CMOS). Of these, during the historical period (2013–2017), CMOS technology dominated the market in terms of value, and it is also predicted to generate the highest revenue during the forecast period.
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This is mainly ascribed to the fact that such devices have a wider availability in the market and offer greater compatibility with different systems. These devices are widely deployed for industrial temperature monitoring and measurement, and heat and body temperature detection purposes.
Thus, growing concerns towards vehicle and driver safety and surging demand for improved image quality in mobile phones are accelerating the image sensor market.
This post was originally published on Raleigh Recorder