Europe Image Sensor Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 6.32% through 2020 to 2026, reaching US$ XX Mn. To know about the Research Methodology :- Request Free Sample Report
Europe Image Sensor Market Overview:
The growing need for minor pixel devices offering high resolution with a cost-effective method is anticipated to fuel the market development during the forecast period. The Image Sensor Market has been facing a major change in the past few years. The technical improvements intense usage of images through many applications have driven the transformation of image sensors in the Europe market. With the growing research development investments, sensing equipment has become inexpensive, compact, power-efficient, posing opportunities to the industry companies. The growing mobile phone sector, specifically, smartphones, is expected to spur the sector development over the forecast period.
Growing Mobile Phone Sector:
The global mobile phone market will reach 1,687.1 Mn unit shipments in 2021, from the 1,794.2 million units shipped in the year 2020. From there, whole mobile phone shipments will incline to 1,729.6 million units globally by the year 2024, causing a CAGR of -0.7 percent from 2020 to 2024. The global smartphone market regaining will be impacted in 2020 as uncertainties about Corona Virus endure increasing concerns in most key markets. The Corona Virus outbreak is anticipated to stress the short-term situation, with smartphone shipments falling 10.6 percent YoY in the 1st half of the year 2020. Global smartphone shipments are estimated to return to growth in the year 2022 driven by quicker 5G efforts the arrival of more reasonable 5G handsets in many markets. Global Smartphone Quarterly Data: (Global Smartphone Shipments Market Share (%)) The growing worries for surveillance and security in public places counting parks, public squares, malls, railway stations as well as the growing terrorist attacks are the key factors increasing the necessity for improved resolution cameras for security surveillance. However, the surging requirement for cell phones digital still cameras has caused shortages in lenses picture sensors. Also, the active nature of the semiconductor business might restrain the sector growth during the forecast period.
Europe Image Sensor Segment Analysis:
The image Sensors application sector can be segmented into automotive, consumer electronics, medical, and security surveillance. Consumer electronics led the industry in terms of revenue in the year 2018. The proliferation acceptance of multiple cameras in smartphones are projected to push the demand towards the north. Advanced Driver Assistance Systems is estimated to be the important driver for sector growth during the forecast period. Depending on the machine vision, the system responds to the condition met while driving. Also, smarter compressed cameras can also support in handling traffic inducing the demand for traffic surveillance cameras which is estimated to further considerably raise the market development. However, the technology has found a major shift toward the occurrence through other car sectors. The demand is further estimated to spur due to the strict governing norms aiming to increase road safety for drivers walkers during the forecast period. The rising need for slightly invasive solutions imaging systems is estimated to drive the demand in medical applications. CMOS has opened new viewpoints to negligibly invasive medical devices like wireless capsules which are used for the observation of the gastrointestinal area. The Europe Image Sensor Market report covers 2D Sensors, 3D Image Sensors with detailed analysis Europe Image Sensor Market with the classifications of the market on the Converter Spectrum, Processing Type, Spectrum, Vertical region. Analysis of past market dynamics from 2016 to 2019 is given in the Europe Image Sensor Market report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The Europe Image Sensor Market report has profiled key players in the market from different regions. However, the Europe Image Sensor Market report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw Types, labor cost, availability of advanced Plastic Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing Covid 19 impact on demand side are covered in the Europe Image Sensor Market report.
Europe Image Sensor Market Scope: Inquire before buying
Europe Image Sensor Market, by Country
• U.K • France • Germany • Italy • Spain • Sweden • CIS Countries • Rest of Europe
Europe Image Sensor Market, Key Players:
• STMicroelectronics • Espros Photonics Corporation • Imasenic • Andanta • BAE Systems Inc. • Insightness • Integrated Detector Electronics AS • Multix • ON Semiconductor • IR Nova • Emberion • E2V • Omnivision • Samsung • Canon • Aptina Imaging • Nikon • Toshiba • EM Microelectronics • Melexis • SK Hynix.
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