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APAC Image Sensors Market to Increase to $5.01 Billion by 2018
Published: Jun 24,2015According to the Research and Markets, the Asia Pacific Image Sensors market is expected to increase to $5.01 billion by 2018 dominating the global market for the largest market share with 38% and is expected to grow at a CAGR of 8.66% from 2014-2020
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Research and Markets reported that growth in the demand for camera enabled mobile phone, tablet PC, digital camera and need for high quality images are the key drivers which are making the Asia Pacific Image Sensors market to grow lucratively. Machine vision systems are set to drive the CMOS image sensor market.
However, Complex manufacturing process of high resolution image sensors and higher power consumption in CCD image sensor are the factors hindering the growth of the Asia Pacific image sensors market.
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