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(IT-NEWSWIRE.COM, January 31, 2018 ) The major reasons hindering the market could be the falling demand for photographic equipment specially designed for capturing still images and high maintenance cost of these devices. The image sensing market has great scope for growth in verticals such as the security, medical and architectural industry, as demand for advanced image technology in these industries is increasing day by day creating high opportunity for the image sensor market.
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This market is segmented on the basis of technology, application and region. The technology segment of image sensor market comprises the charged-coupled device (CCD), CMOS, contact image sensors (CIS) and hybrid. CMOS are cost efficient and less power consuming then the other technologies and also used by majority of electronic device manufacturers, thus, it has the dominance in market with respect to other technologies. The application segment of image sensor market is classified into automotive, consumer electronics, aerospace, defense, medical and surveillance industry. From the application point of view the consumer electronics captures the majority of the market shares followed by medical and surveillance. The market is broadly segmented in five regions, viz., North America, Asia Pacific, Europe, South America, and Middle East & Africa. The region wise segment of the market is majorly captured by Asia- Pacific and specifically China, Japan and South Korea, that is more than a quarter of the entire market followed by North America and Europe, which, are expected to grow at steady pace and gain the equivalent market in coming years. Other regions such as South America and Middle East are also expected to register a decent growth rate during the forecast period.
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Some of the key players in this market include GalaxyCore Inc., SK Hynix Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, Panasonic Corporation, ON Semiconductor Corporation, Sony Corporation, Sharp Corporation, Omni Vision technologies Inc., Teledyne Technologies, Inc., CMOSIS NV, e2v technologies Inc., Baumer, Ltd., Honeywell Process Solutions, Weber Ultrasonics GmbH, Nanomotion, Ltd., Siemens AG, and Pepperel+Fuchs GmbH among others.
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Source: EmailWire.Com 
Source: EmailWire.com
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