CMOS Image Sensor Market Is Expected To Grow At A CAGR Of 7.5% From 2014 To 2020

The global CMOS image sensor market was valued at USD 7.21 billion in 2013 and is likely to be worth USD 10.17 billion by 2020. Increasing demand for handheld equipment such as tablets and smartphones has initiated the development of smart sensing approaches with remote diagnostic and monitoring capability.
Global CMOS sensors market was 1,601.8 million units in 2013 and is anticipated to reach 2,643.4 million units, growing at a CAGR of 7.5% by from 2014 to 2020. The industry has observed tremendous growth over the past few years owing to the growth of its application industries, particularly medical and automotive. In addition, technological innovations leading to the evolution of refined sensing technology are expected to drive growth.

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North America CMOS image sensor market revenue by application, 2012-2020, (USD Million)

 

Further Key findings from the study suggest:

·         Dexterity to manufacture smaller pixel devices and provide high resolution with cost effective approach is expected to be one of the primary factors driving growth. Rising demand for computation and communication equipment has led to a growing need to develop upgraded processes for better optical administration. The requirement for on-chip integration and focal plane processing are still on improvement phase. 

·         Consumer electronics was the largest application accounting for over 50% of the total market revenue in 2013. These sensors are widely used in numerous consumer electronic devices including entertainment devices, home appliances, communication products, and information technology. The CMOS image sensor market for consumer electronics is likely to grow at a CAGR of 3.3% from 2014 to 2020. 

·         With an increasing focus on research & development, sensing equipments have become smaller, cheaper, and more power-efficient, which serves as a gratifying opportunity for industry players. This is particularly beneficial to the healthcare industry as these products help in improving diagnostics and provide appropriate treatments that rely on this technology. Medical applications are anticipated to grow at a CAGR of 9.9% from 2014 to 2020. 

·         Multimedia-enabled equipment provides more benefits with more data safety over the internet. The application of sensing devices for indoor navigation, health monitoring, and related niche segments is anticipated to offer prominent growth opportunity for prosperity of this market. These gadgets are predominantly used in the U.S., however, the market is anticipated to witness significant gains in emerging economies such as China, India, and Brazil. 

·         North America CMOS sensor market exceeded 30% of the total revenue share in 2013. Focus on technological advancement coupled with high adoption rate of new technologies and gadgets have resulted in established of a large market in the region. However, the market has reached its maturity phase and is anticipated to grow at a CAGR of 4.1% from 2014 to 2020. 

·         Asia Pacific is expected to witness significant gains over the forecast period at a CAGR of 6.6% from 2014 to 2020. The market was valued at USD 2.37 billion in 2012. Availability of large number of semiconductor manufacturers in Asia Pacific, especially in Japan, China and Korea, is projected to bolster market growth in this region. Presence of cheap labor and establishment of production facilities by foreign organizations are anticipated to favorably affect industry growth in this region. Growing demand for latest gadgets owing to increase in disposable income of consumers is anticipated boost market growth to reach an estimated value of USD 3.95 billion by 2020. 

·         Key players include OmniVision Technologies, Sony Corporation, Canon Inc., and Samsung Electronics. Sony Corporation and Samsung Electronics are projected to dominate the CMOS image sensor market in the near future. Companies are constantly engaging in research & development to introduce innovative products in the market. 

·         Samsung Electronics Co. Ltd. has announced its new 8-megapixel R-W-B sensing device based on ISOCELL and NFC integrated circuit technology with advanced frequency performance.In March 2015, OmniVision Technologies Inc. launched the OV8865, a CMOS image sensor positioned on OmniBSI-2 pixel planning. It is utilized in high speed photography with low power consumption application. Samsung Electronics Co. Ltd. introduced a 280-megapixel APC-C image sensor, which employs advanced 65-nanometer and illuminated pixel technology to implement energy-efficiency and better picture aspect.

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Pressure Sensors Market Forecast Worth USD 6.19 Billion By 2020: Grand View Research, Inc.

In 2013, the global pressure sensors market was worth USD 6.19 billion. Constructive regulations such as ordinance of the U.S. government which made it obligatory for car owners to install tire pressure monitoring systems (TPMS) are anticipated to boost the overall market demand. Pressure sensors are also used in the global positioning systems (GPS) lock applications. Hence, the increased production of tablets and smartphones is projected to increase the demand of global pressure sensors market.
Over the past few years, the global pressure sensors market has witnessed a shift from analog technology to digital technology, owing to the latter's superior performance and efficiency. Moreover, an increase in the number of vehicles all over the world is expected to drive the overall market.
In 2013, piezoresistive pressure sensors accounted for over 25% of the total revenue generated. This type of pressure sensors is used widely in medical, consumer electronics and automotive applications which led to the high demand of the segment. Resonant and optical solid-state sensors are expected to witness the highest rate of growth in the global pressure sensors market over the forecast period. This increase is projected owing to their high usage in dangerous, remote environments including areas with high radioactive emissions and high-temperature zones.

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Global pressure sensors market, by technology, (USD Million), 2012 - 2020

Further key findings from the study suggest:

·         The automotive sector had the largest market share in the applications segment, accounting for over 25% of the global market. In the industry, pressure sensors are used for checking the pressure of vital parameters which include fuel, brake, oil, and transmission. They are used in tire pressure monitoring systems, barometric pressure measurement, gasoline direct-injection systems, side airbags, and exhaust gas recirculation pressure measurement. Consumer electronics is projected to be fastest growing application segment over the next six years on account of its extensive use in smartphones. These devices contain sensors to allow Global Positioning Systems (GPS), indoor navigation and altitude measurement.

·         In 2013, Asia Pacific accounted for the major regional market, generating over 30% of the total revenue of the global pressure sensors market as a result of the high demand from emerging economies such as China and India and the surge in its application segments. Asia Pacific is likely to witness tremendous gains over the forecast period.

·         The global pressure sensors market is uneven in nature. Major industry participants are increasingly entering into mergers & acquisitions as a part of their competitive strategies. Key participants in the market include Siemens AG, Emerson Electric Company, Delphi Corporation, General Electric, Analog Devices, ABB Ltd., STMicroelectronics N.V., Infineon, Freescale Semiconductor Ltd., and Bosch.

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Grand View Research has segmented the global pressure sensors market on the basis of technology, application and region:
Pressure Sensors Technology Outlook (Revenue, USD Million, 2012 – 2020)
            • Capacitive
            • Electromagnetic
            • Optical
            • Piezoresistive
            • Resonant solid-state
            • Others
Pressure Sensors Application Outlook (Revenue, USD Million, 2012 – 2020)
            • Automotive
            • Consumer Electronics
            • Industrial
            • Medical
            • Oil & Gas
            • Others
Pressure Sensors Regional Outlook (Revenue, USD Million, 2012 – 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

Microeletromechanical Systems (MEMS) Market Is Expected To Grow Significantly Owing To Its Tremendous Use In Electronic Industry Till 2022: Grand View Research, Inc.

The MEMS market is estimated to reach USD 26.14 billion by 2022, according to a new report by Grand View Research, Inc.The industry is expected to witness significant growth owing to increasing demandin consumer and automotive application segment.

The market for MEMS technology is gaining traction in automotive sector with increasing concerns for passenger safety and regulatory norms. MEMS devices such as pressure sensors, accelerometers, and others are used in cars for air bags, tire pressure monitoring, electronic stability control, and other safety features. Growing popularity of wearable devices is anticipated to be key driver for the industry over the next seven years.

Advancement in technology such as sensor fusion is expected to boost industry growth over the forecast period.Technology advancement has led to reduction in size of the devices, making it cost-effective, efficient, and compatible at the same time.

Calibration and accuracy issues may hinder market growth. Intense competition observed among industry participants is a key challenge, forcing industry players to keep the price low to remain competitive in the market.

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U.S. MEMS market by application, 2012 - 2022 (USD Million)

 

Further key findings from the report suggest:

·         Growing consumer application industry is estimated to drive demand over the forecast period. Consumer electronics is the major segment and accounted for over 40% of the revenue in 2014. Consumer applications include household appliances, computer peripherals, sports training devices, personal navigation devices, and active subwoofers. Smart homes and smart city projects initiatives are anticipated to boost the MEMS demand over the forecast period

·         Industrial applications of the technology include machine health, earthquake detection and gas shutoff, and shock and tilt sensing. In defense, it is used in planes, tanks, and equipment. In automotive domain, this technology is used in vehicle security systems, airbag systems, inertial brake lights, headlight leveling, active suspension, automatic door locks, and rollover detection

·         Healthcare segment is estimated to hold high growth potential. The technology is used for medical research, diagnostic application, and in medical devices such as endoscopic pills and insulin micropumps. Government initiatives, rising healthcare expenditure, and technological advancements are anticipated to boost healthcare segment over the forecast period. Increasing preference of consumer towards home medical monitoring in order to reduce hospital cost and penetration of health monitoring wearable devices is estimated to trigger the use of the technology and open new avenues for the industry players

·         Robert Bosch, Honeywell International, HP, STMicroelectronics, Texas Instruments, and InvenSense are some of the importantplayers in this industry.In January 2015, InvenSense, Inc. announced integrated motion sensor with multi-core processing that integrates 6-axis MEMS sensor, embedded flash, tri-core sensor hub, SRAM, and software framework

·         Industry is anticipated to witness increase in number of mergers and acquisitions over the forecast period. Non-MEMS players, who are looking forward to enter into this market, are also anticipated to acquire niche existing players. In October 2014, InvenSense completed the acquisition of Trusted Positioning, Inc. and Movea. Trusted Positioning, Inc. offers positioning software, while Movea offers software solution for ultra-low power location, context sensing, and activity tracking.

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Grand View Research has segmented the MEMS market on the basis ofapplicationand region:
MEMS Application Outlook (Revenue, USD Million, 2012 – 2022)

·         Automotive

·         Consumer Electronics

·         Industrial

·         Healthcare

·         Others

MEMS Regional Outlook (Revenue, USD Million, 2012 – 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

Fire Safety Equipment Market Is Expected To Grow At A CAGR Of 9.0% From 2015 To 2022: Grand View Research, Inc.

The global fire safety equipment market is expected to reach USD 43.60 billion by 2022, according to a new report by Grand View Research, Inc. Emerging technologies such as wireless sensor networks coupled with stringent safety regulations across the globe resulting in extensive use of advanced devices is expected to play a vital role in augmenting demand over the next seven years.
Stringent enforcement of building and safety codes are expected to increase penetration of these devices in infrastructure and construction segment. Growing adoption of advanced detection technologies and environment-friendly suppression agents is projected to play a vital role in shaping market dynamics.
Growing use of fire safety equipment in critical mass transportation infrastructure such as airports and intelligent transportation systems is expected to open new avenues for industry growth. Radically growing commercial sector, rapid industrialization and growing overall real estate industry in the developing countries is anticipated to fuel the demand.
However, the inconsistent enforcement of these codes is challenging manufacturers across the globe. Additionally, the rising maintenance and replacement services can hinder industry demand.

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U.S. fire safety equipment market share by solution, 2012 – 2022 (USD Million)

 

Further key findings from the report suggest:

·         The fire detectors market has significant growth opportunities owing to continuous innovations in smart home automation related applications. The industry is estimated to grow at a CAGR of over 7.5% by 2022. Further, increased adoption of safety standards and norms in industrial sectors such as power, oil & gas and transportation are also anticipated to fuel their demand.

·         The demand for fire suppression equipment across industrial applications is estimated to grow at a CAGR of over 9.0% from 2015 to 2022. Oil & gas is the primary field responsible for the expansion of these devices on a large scale. Rising investment of companies for safeguarding the infrastructure and reducing the loss of property and life across different commercial applications is estimated to further propel demand across the commercial sector.

·         Asia Pacific fire safety equipment market is estimated to grow at a CAGR of over 12.5% from 2015 to 2022. Growing economy combined with expanding construction sector offers a strong platform for investments across the region. Rising number of fire accidents across countries such as China, India are highlighting the need for better safety standards across varied commercial segments. Additionally, growing number of SMEs and enterprises are also anticipated to propel market growth

·         Key industry participants include Honeywell International, Tyco International, Bosch GmbH, Siemens Building Technologies and United Technologies.

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Grand View Research has segmented the fire safety equipment market on the basis of solution, product, application and region:
Fire Safety Equipment Solution Outlook (Revenue, USD Million, 2012 – 2022)

·         Fire detection

·         Fire suppression

Fire Detection Equipment Product Outlook (Revenue, USD Million, 2012 – 2022)

·         Fire detectors

·         Flame

·         Smoke

·         Heat

·         Fire alarms

Fire Detection Equipment Application Outlook (Revenue, USD Million, 2012 – 2022)

·         Commercial

·         Industrial

·         Residential

Fire Suppression Equipment Product Outlook (Revenue, USD Million, 2012 – 2022)

·         Fire extinguishers

·         Gas

·         Water

·         Dry chemical powder

·         Others

·         Fire sprinklers

Fire Suppression Equipment Application Outlook (Revenue, USD Million, 2012 – 2022)

·         Commercial

·         Industrial

·         Residential

Fire Safety Equipment Regional Outlook (Revenue, USD Million, 2012 – 2022)

·         North America

·         U.S.

·         Canada

·         Europe

·         Germany

·         UK

·         Asia Pacific

·         China

·         India

·         Japan

·         Latin America

·         Brazil

·         Mexico

·         MEA