Worldwide Photosensitive Semiconductor Device Industry to 2026 – Long Life and Low Power Consumption is Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Photosensitive Semiconductor device Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The photosensitive semiconductor device market is expected to register a CAGR of over 9.2 % during the forecast period (2021 – 2026). These devices are used in image sensors mainly used in a large number of imaging devices and digital cameras to enhance the quality of cauterization and storage of images. These imaging applications have found high adoption in industrial, media, medical, and consumer applications.

Companies Mentioned

• Sony Corporation
• Samsung Electronics Co. Ltd
• Canon Inc.
• SK Hynix Inc.
• Fujifilm
• Panasonic Corporation
• Continental AG
• Robert Bosch GmbH
• Denso Corporation
• Teledyne Technologies Inc.
• Hamamatsu Photonics K.K.

Key Market Trends

Consumer Electronic Segment is Expected to Hold Largest Market Share

• Photosensitive semiconductor devices are used as image sensors primarily in a large number of imaging devices and digital cameras to enhance the quality of cauterization and storage of images. These imaging applications have found high adoption in industrial, media, medical, and consumer applications.
• Due to the growing demand for smartphones, security cameras, high-definition cameras, and camcorders, the photosensitive semiconductor device market is expected to record high growth during the forecast period. The manufacturers, across the world, are striving to improve major parameters, such as resolution, performance, and pixel size.
• Moreover, the increased use of photosensitive semiconductor devices in CMOS sensors are establishing a foothold at the low-cost end of the consumer market by offering more functions on-chip that simplify camera design. For instance, Motorola Inc. (Phoenix) developing a CMOS image sensor capability in tandem with Kodak Co. (Rochester, N.Y.) and was touting its latest version – a megapixel CMOS sensor plus on-chip logic – at the recent Consumer Electronics Show. The new version, a 1.3-million-pixel “camera-on-a-chip,” uses an all-CMOS process to build both the sensor array and additional on-chip signal-processing logic.
• However, due to the vast economic downturn experienced by companies across the industries, employees are also witnessing salary cuts. This may directly impact the purchase decision for consumer electronics designed with photosensitive semiconductor devices and affect the growth of the market on a short term basis.

Asia Pacific is Expected to be the Fastest growing Region

• An increase in spending by the middle class across the region on consumer electronics products such as smartphones, tablets, televisions, etc. is driving the consumer electronics market growth leading to the growth of photosensitive semiconductor devices in the region.
• China has implemented the Social Credit System, which uses extensive facial recognition of its citizen. The facial recognition systems are being implemented across the country, and the requirement for cameras for the project is expected to drive the market. The country is investing heavily in its facial recognition capabilities; according to Tsinghua University, China’s market size of biometric recognition technologies is expected to reach CNY 34 billion.
• Owing to the adoption of surveillance cameras by the government, the market is expected to grow at a full pace until 2022, and after that, the growth is expected to be sluggish. However, over the next coming years, the replacement rate of these cameras is also expected to drive the market significantly.
• The high investments in developing the infrastructure of armed forces in the region have boosted the growth of the market. For instance, according to an official document and military sources, India has finalized a road map to spend USD 130 billion in the next five to seven years to modernize the armed forces and reinforce their combat capacities over rivals in the region. These investments will increase the demand for surveillance equipment, which will, in turn, boost the growth of photosensitive semiconductor devices in the area.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Value Chain Analysis

4.3 Industry Attractiveness – Porter’s Five Forces Analysis

4.4 Market Drivers

4.4.1 Demand for Improved Imaging and Optical Sensing Solutions

4.4.2 Long Life and Low Power Consumption

4.5 Market Restraints

4.5.1 Increasing Price Pressure

4.6 Assessment of Impact of Covid-19 on the Industry

5 MARKET SEGMENTATION

5.1 Device

5.2 End User

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia Pacific

5.3.4 Latin America

5.3.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Sony Corporation

6.1.2 Samsung Electronics Co. Ltd

6.1.3 Canon Inc.

6.1.4 SK Hynix Inc.

6.1.5 Fujifilm

6.1.6 Panasonic Corporation

6.1.7 Continental AG

6.1.8 Robert Bosch GmbH

6.1.9 Denso Corporation

6.1.10 Teledyne Technologies Inc.

6.1.11 Hamamatsu Photonics K.K.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/kha1xx

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