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Press release content from Business Wire. The AP news staff was not involved in its creation.

$23.52 Bn CMOS Image Sensors Market - Global Growth, Trends, and Forecasts 2019-2024 - ResearchAndMarkets.com

December 20, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 20, 2019--

The “CMOS Image Sensors Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.

The CMOS image sensors market was valued at USD 14.16 billion in 2018 and is expected to reach a value of USD 23.52 billion by 2024, registering a CAGR of 8.7% during the forecast period, 2019 - 2024

CMOS (complementary metal-oxide-semiconductor) image sensors is an optical technology, which is used in machine vision for robots, in OCR (optical character recognition), that can enhance the satellite photographs and radar images. They are also used in digital cameras, CCTV cameras, barcode readers, among others.

With the rising demand for high-definition image-capturing devices in industries, the CMOS technology has been witnessing high adoption rate in various regions across the globe, as it provides faster shutter speed while delivering high-quality images.

Key Market Trends

Consumer Electronics Segment Occupies the Largest Market Share

Asia Pacific to Witness the Highest Growth Rate

Competitive Landscape

The CMOS image sensors market is highly competitive owing to the presence of many players in the market supplying their products in domestic as well in the international markets. The market appears to be moderately concentrated with major players adopting strategies like product innovation, expansions, and partnerships to stay ahead of the competition and expand their market reach.

Major players include STMicroelectronics NV, Sony Corporation, Samsung Electronics Co., Ltd, ON Semiconductor Corporation among others.

Market Dynamics

Market Drivers

Market Restraints

Industry Value Chain Analysis

Industry Attractiveness - Porter’s Five Force Analysis

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/p0lq9f

View source version on businesswire.com:https://www.businesswire.com/news/home/20191220005210/en/

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SOURCE: Research and Markets

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PUB: 12/20/2019 06:32 AM/DISC: 12/20/2019 06:31 AM