Image Detection Sensor Market: Increasing Photography Application in Consumer Electronics to Stoke Growth
The global image detection sensor market has been envisaged to be distinctly competitive and consolidated as being occupied by a mammoth pool of industry players. Transparency Market Research (TMR) has pointed out the over 70.00% share accounted by top four companies, viz. Texas Instruments Inc., Emerson Electric Co., Cognex, and FLIR Systems, in 2015. The nature of the competitive landscape has been foreseen to stay the same in the coming years with a lower range of new entrants showing up in the market. A report by TMR has talked about more factors which could influence the competition in the market. The global image detection sensor market , as foretold by TMR, could rise at a 9.60% CAGR between 2016 and 2024, taking cue from its US$9.67 bn revenue earned in 2015. By the end of 2024, the market has been envisioned to earn up to a US$22.01 bn. By technology, complementary metal-oxide-semiconductor (CMOS) could take a dominant position in the market until the end of the forecast...