Manufacturing Industries Acquiring Global CMOS Image Sensor Market worth 17.1 Billion USD by 2020

According to the this market research, the CMOS image sensor market is estimated to reach USD 17.1 Billion by 2020, growing at a CAGR of 11.8% between 2015 and 2020.

"CMOS Image Sensor Market by Technology (CMOS and Others), Specification, Wafer & Sensor Size, Application (Automotive, Consumer Electronics, Industrial, Entertainment, & Security & Surveillance), and Region - Global Trends and Forecast to 2020"

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There is a growing market for CMOS image sensors in consumer electronics, automotive, and security & surveillance. The growing adoption of smartphones with inbuilt front and back cameras has accelerated the growth of the consumer electronics market. The innovation of self-driving cars and advancement in driver safety with the help of ADAS has fueled the growth of the automotive application. The ability of CMOS image sensor to perform in various lighting conditions such as dim light, darkness, and low light has also boosted the implementation of CMOS image sensors for security purposes, thereby supporting the CMOS image sensor market for security & surveillance.

Consumer electronics is the largest market in Asia-Pacific, whereas the automotive application is expected to grow at a high CAGR between 2015 and 2020. The major reasons driving the growth of APAC in the CMOS image sensor market is the large number of users for mobile devices, webcams, and tablet PCs. Some of the major companies such as Sony Corporation (Japan), Samsung Electronics Co., Ltd (South Korea), SK Hynix Inc. (South Korea) and Sharp Corporation (Japan) are located in this region.

The shortage of CMOS image sensor in APAC is the major restraint for the development of the market. The demand for consumer electronics in APAC is high, which drives the demand for CMOS image sensors. Sony, the major supplier of CMOS image sensors, is unable to satisfy the demand of vendors situated in this region. According to Taiwan’s handset supply chain, Sony was ~30% short of fulfilling its demands from smartphone vendors such as Xiaomi Technology, Huawei Device, Coolpad, and ZTE in May 2015. The vendors re expected to shift to the suppliers such as OmniVision, Samsung Electronics, and Toshiba for overcoming this shortage.

Sony Corporation (Japan) is the major player in the CMOS image sensor market. It has taken steps to develop CMOS image sensors for various applications by investing USD 895 Million (105 Billion yen) to increase the production capacity for stacked CMOS image sensors and it has also commercialized the CMOS image sensor for automotive cameras. The company has also developed CMOS image sensors with the help of Exmor technology for applications such as consumer electronics, automotive, and security.

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Companies involved in this market such as OmniVision Technologies Inc. (U.S), Samsung Electronics Co., Ltd. (South Korea), Sharp Corporation (Japan), SK Hynix Inc. (South Korea), and Sony Corporation (Japan), CMOSIS N.V. (Belgium), e2v technologies plc (U.K.), ON Semiconductor Corporation (U.S.), and Panasonic Corporation (Japan). Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments.

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