PR Web: World image sensors market is predicted to grow at an impressive CAGR of more than 9.0% to reach US$14.16 billion by the year 2015, according to a new report by Global Industry Analysts, Inc.
As stated by the report, Asia-Pacific is the largest regional market for image sensors. Latin America is the fastest growing regional market, surging at a CAGR of more than 11% over the analysis period. Growth in Latin American image sensors market can be particularly attributed to burgeoning economies such as Brazil, Mexico and Argentina, which have been generating significant demand for these sensors in application areas such as process, manufacturing, consumer electronics and biotechnology.
By product, CMOS image sensors market is the most prominent segment. Dislodged by the cannibalizing popularity of CMOS image sensors in consumer electronics and mobile applications, the world CCD image sensors market is projected to sail at a CAGR of more than 3.0% over the analysis period.
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