Global Image Sensor Market Will Cross Us$ 17.0 Billion by 2020

Global Image Sensor Market will cross US$ 17.0 Billion by 2020

New York, June 02: Market Research Engine has published a new report titled as “Image Sensor Market by Type (CMOS, CCD, and Others), Specification, Application (Aerospace, Automotive, Consumer Electronics, Healthcare, Industrial, Entertainment, and Security & Surveillance), and Region - Global Forecast to 2020”

Image sensor is sensor that senses and delivers the information. The information detected by the image sensor is comprises an image. Image sensors are embedded in devices and equipment used in everyday life. They have major applications in various industries which include surveillance, cameras, mobile phones, medical and others. Image sensors are widely used in aerospace and defense industry to probe. a 3D motion sensor which is motion tracking sensor is the most advance technology and is being integrated with computers and mobile phones.

Browse Full Report: http://www.marketresearchengine.com/reportdetails/image-sensors-market

The worldwide image sensor market is anticipated to exceed USD 17 Billion at a CAGR of 10% during the forecast period. Asia-Pacific has the maximum share of market i.e. more than 35% at a highest CAGR throughout the forecast period. North America and Europe are anticipated to show healthy growth. 

The sharp growth in use of mobile phones embedded with advance technology image sensing devices is driving the market. Rising demand of consumers for advancements in image sensors technology is challenging the companies, which is a driving factor for global image sensors market. Improving standards of life in developing countries is enabling dilettantes to purchase high end digital cameras for their desire to take high quality photographs is obliquely driving the image sensors market. Counterfeit products by unrecognized market players are a major threat to global market. Cheap and substandard alternatives are a restraining factor to the growth of the market....