Market Trends of CCD Image Sensors Industry
This section covers the major market trends shaping the CCD Image Sensors Market according to our research experts:
High Quality Image Cased Inspection Expected to Hold Significant Market Share
- In the end-user application industry, the usage of CCD image sensors is required for obtaining better quality images for industrial inspection to keep track of quality control and maximizing the yield in modern manufacturing, machine vision systems for automation, and removing the human element.
- Industrial production in nations such as China and India requires improved and automated inspection capabilities, and this is expected to support the market demand over the forecast period. 3D vision systems are among the innovative vital application areas for image sensors, which are currently used for industrial automation and machine vision. 3D vision with high-speed cameras and laser light can detect depth and effectively see objects' shapes.
- The growing demand for advanced industrial production has been driving partnerships between the US and Chinese companies, which helps China advance in image sensor technology. However, the trade war between the two nations is expected to impact the value chain flow negatively. This will further develop the Asia-Pacific CCD image sensors.
- Partnerships and collaboration among the technology enablers are joint in this market. For instance, in China, TowerJazz, a manufacturer of advanced analog integrated circuits, has a partnership with Changchun Changguang Yuanchen Microelectronics Technology Inc. for backside illumination (BSI) manufacturing in Changchun. To provide the BSI process segment in China, TowerJazz uses CMOS image sensors.
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Asia-Pacific to Witness Significant Growth
- Asia-Pacific is expected to dominate the CCD image sensors market due to the demand generated from China and India, especially in the consumer electronics segment. China is considered the world's manufacturing hub, and the demand for CCD image sensors is high in consumer products requiring high image quality. A better semiconductor supply chain presence has further helped in market demand.
- China and India further plan to install CCTV camera devices to develop smart cities and improve law enforcement infrastructure. CCD image sensors may experience increased demand for strategic places requiring high-quality images.
- The high market growth is mainly attributed to the rising purchasing power of consumers, government expenditure on surveillance-related infrastructure, and increasing exposure to technological advancements.
- Players active in the regional market, such as the CZ industry and technology co., Ltd. (CZIT), a China-based company is delivering Tcd1304dg UV coated CCD linear image sensor for spectrometer module, which is being used for original equipment manufacturer (OEM) modular of the gas analyzer. Cost is essential for these vendors to operate in the regional market.
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