Jan 2 2015
Increasing demand from the industrial sector has resulted in the growth of the Global Image Sensor Market, which is expected to post a CAGR of 8.05 percent from 2014-2019, says research firm TechNavio.
Image sensors help facilitate the reduction of operation time and product rejection ratio in the industrial sector, without compromising safety standards. This has increased the demand for image sensors in this sector, and is expected to drive the market in the coming years.
About the Report
The new report from TechNavio emphasizes the technological shift from CCD to complementary metal-oxide-semiconductor (CMOS) image sensors because of the increasing demand for CMOS sensors in image capturing gadgets like webcams, notebooks and cellphones. The simple processing method, low manufacturing cost and advances in semiconductor manufacturing processes have encouraged vendors to shift to the new technology.
“Image sensors built on CMOS technology enable a high level of integration on a single sensor chip and this factor is having a positive impact on the market,” says Faisal Ghaus, Vice President of TechNavio.
“Robust growth in demand for CMOS sensors in gadgets presents a strong growth opportunity for industrial automation vendors, especially in the APAC region over the forecast period.”
Source: http://www.technavio.com/