IMAGE SENSORS MARKET IS FORECASTED TO BE WORTH $12.0 BILLION BY 2020: GRAND VIEW RESEARCH, INC.

Image Sensors Market Is Forecasted To Be Worth $12.0 Billion by 2020: Grand View Research, Inc.

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The global market for image sensors is expected to reach USD 12,028.2 million by 2020, according to a new study by Grand View Research, Inc. Image sensors are primarily used in camera phones and tablets; therefore, growing demand for these devices is expected to be the key driving force for the market. Furthermore, growth in industrial, automotive and medical industries is expected to fuel market growth in the coming years.

Focus on minimally invasive procedures such as endoscopy, as well as advancements in the healthcare space are estimated to boost market penetration. Additionally, image sensor prices have been declining, a trend that is expected to continue through the forecast period. The advent of backside illumination (BSI) technology has resulted in surge in demand for CMOS image sensors. However, lower power efficiency of CCD image sensors is expected to steadily erode demand for this segment on a global level.

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Image sensors are devices used for the conversion of an image into an electronic signal. Image sensing technology is used in cameras, camcorders, and all types of imaging devices. Before the digital era, analog image sensors functioned with video camera tubes. These tubes have been replaced by digital technologies such as CCD and CMOS image sensors. A CMOS image sensor operates on two technologies:
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