In GaAs image sensors are specific image sensors that encompass a Complementary Metal Oxide Semiconductor (CMOS) integrated circuit (IC) readout circuit for easy signal processing. These sensors work in charge integration mode that assembles the produced charge to enhance the output signal creating them perfect for low level light detection. These image sensors provide qualitative improvements with appropriate value to manufacturing, public health, and safety & quality of food. Advancements in innovative lighting strategies, elevated sensor resolutions, and more cost-effective system-level designs augment the In GaAs image sensor applications. Growth in demand for CMOS image sensors owing to their advantages such as affordable prices, low power cost consumption, and compactness fosters market growth. Furthermore, surge in demand from some of the rapidly growing industries including consumer electronics, healthcare, automotive and defense increases the InGaAs image sensor market size.
As per analysis, “Global In Gaas Image Sensors Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” some of the renowned companies operating in the global In Gaas image sensors market include Sharp Microelectronics of the Americas, Hamamatsu Photonics, Micron, Dalsa, OmniVision and among others. Leading players seek opportunities to integrate across widespread value chain while focusing on Research & Development (R&D) investments, production facility expansion, and mergers & acquisition (M&A) activities to gain the impetus. Renowned players enter the market with aggressive pricing to challenge the established providers and gain traction in global markets.
By type, In Gaas image sensors market can be bifurcated as In GaAs area image sensors and In GaAs linear image sensors. In GaAs area image sensors are basically 2D image sensors that are operational in the near infrared (NIR) & short wavelength infrared (SWIR) regions whereas In GaAs linear images sensors are 1D image sensors that are operational in visible (VIS), short wavelength infrared (SWIR) and near infrared (NIR) regions. In addition, based on application, market is segmented as industrial measurement, physics & chemistry measurement, defense & surveillance, optical communications and others.
The In Gaas image sensors market is driven by rise in demand of long wave length image sensors, followed by increase in applications of sensors in medical & biomedical devices and rise in demand of hyper-spectral cameras. However, complexity involved in the In GaAs sensor manufacturing is a major hindering factor for market. Additionally, strong growth potential with advancement in the semiconductor industry and rise in concern towards plastic recycling are leading opportunities for market. Moreover, technology advancement installation process is a major trend for market. Furthermore, high cost of installation is a major challenge for global market.
By regional analysis, the North-America is a leading region in global In Gaas image sensors market owing to presence of key players coupled with rise in demand for these sensors in the field of scientific research, military & defense, and industrial automation across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to growth in adoption in automobiles & consumer electronics, such as cameras & mobile phones over the forecast period. It is predicted that future of the global In Gaas image sensors market will be bright as a result of increase in defense budgets and rise in investments from the military & defense sector during the forecast period.
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Ankur Gupta, Head Marketing & Communications