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Thursday Apr 23, 2015
Thursday Apr 23, 2015
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.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/image-sensors-market
For more information, visit http://www.grandviewresearch.com/
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