Global Image Detection Sensor Market Estimated To Reach Over USD 11.85 Billion by 2026

Global Image Detection Sensor market is slated to accrue revenue worth nearly 11.85 (USD Billion) by 2026 and record the CAGR of about 9.8% over the period from 2020 to 2026.

New York, United States - October 29, 2020 /MarketersMedia/ —

As per researchers at Zion Market Research, the global image detection sensor market is estimated to augment by a CAGR of over 9.8% during 2020-2026 and reach USD 11.85 billion by 2026. The increased deployment of image detection sensors into automotive, consumer electronics, and healthcare segments is having very strong control over the development of the global market. The technological developments and the increasing application range of CCD & CMOS sensors, such as in lighting solutions and displays for PC cameras, tablets, point-and-shoot cameras, and mobile back & front cameras, are also adding significantly to the market’s progress. In the coming few years, the use of image detection sensors in the photography application for customer electronics is likely to drive the development of the market significantly.

Some of the key players in the market are ON Semiconductor Corp., Hamamatsu Photonics, Panasonic Corp., Canon Inc., Teledyne Technologies Inc., Sony Corp., Samsung Electronics CO. Ltd., Toshiba Corp., Omnivision Technologies Inc., Omron Corp., Hikvision, and FLIR Systems.

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Increased Demand For Sensors Due To IoT Will Boost The Global Image Detection Sensor Market

The rise in interest for sensors is likely to mount in the forthcoming years due to the budding trend of IoT (internet of things), increasing use of sensors in the cell phones, headways in customer electronics, and high demand from automation. In addition, the pitch in the automotive industry and mounting interest of wearable gadgets will present affluent opportunities in the market. Moreover, merging the sensors in gadgets brings extra issues and lowers the life of gadgets, which might act as a constraint for the market. The market has been witnessing a remarkable change in recent years. The mechanical developments and surged utilization of imagery in various applications have boosted the transformation of image detection sensors in the global market. With the inflating research and development activities, in general, sensors have turned out to be fewer expensive, efficient, smaller in size, and offering an excess of opportunities to the suppliers.

The global image detection sensor market is bifurcated on the basis of technology type, application, end-user, and regional analysis. Based on the technology type, the market is divided into CMOS, CCD, and thermal. Based on the application, the market is divided into imaging and photography. Based on the end-user, the market is divided into automotive, health care, industrial, consumer electronics, aerospace & defense, and others.

The Asia Pacific Region Projected To Dominate Global Image Detection Sensor Market

Based on the geographical analysis, the global image detection sensor market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region dominated the market during 2015 with remarkable market share and is projected to maintain that in the forecasted years. India, Japan, and China have emerged as the major residential markets for the image detection sensors across the Asia Pacific region.

The global image detection sensor market is segmented as follows:

Based on the technology type:

CMOS
CCD
Thermal

Based on the application:

Photography
Imaging

Based on the end-user:

Industrial
Aerospace & Defense
Health Care
Automotive
Consumer Electronics
Others

By region:

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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Source URL: https://marketersmedia.com/global-image-detection-sensor-market-estimated-to-reach-over-usd-1185-billion-by-2026/88983318

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Release ID: 88983318

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