Image Sensor Market to Reach $11.7B By 2012

Yahoo: As stated by the recent report published by Global Industry Analysts, the world market for image sensors is expected to average to $11.7 billion by the year 2012. Currently the market is dominated by Asia-Pacific, Japan, and United States collectively accounting for 79.5% share as estimated in the year 2008.

The world CCD image sensors market is projected to witness declining demand, with the market value expected to deteriorate by US$369.9 million between the period 2008 to 2012. Japan and Asia-Pacific are expected to witness the steepest fall in sales during the aforementioned period. Growth in the world market is fashioned by the CMOS image sensors market, which is projected to witness strong double-digit growth rates. Global sales in this market are expected to rise by US$4,297 million between the period 2008 to 2012.

In Europe, France and Germany, together, collar over 54.2% of the image sensors market as estimated in 2008. Increased competition from China and Taiwan is resulting in falling average prices of image sensors. Adroit utilization of fully depreciated fab lines for manufacturing image sensors is enabling Asian players to offer products at competitive prices to OEMs.