Global Image Sensors Market to Attaining the Market Size of USD 13.6 billion by 2024

The global image sensors market was valued at USD 13.6 billion in 2017 and is expected to witness a CAGR of 10.3%, during the forecast period. The increasing acceptance for image sensing devices in the automobile domain along with excessive demand for enriched medical imaging systems are the major factors about the growth of image sensors market across the globe. Image sensors are rapidly being utilized in imaging devices and digital cameras for converting light received on the camera into digital imagery.

Increasing demand for high-definition cameras, smartphones, and security cameras have upgraded the application of imaging sensors in various industry domains such as medical, industrial, consumer applications, and media, which is supporting the growth of the image sensors market worldwide. Moreover, increasing demand for analytics and image tools along with excessive demand for imaging tools in the healthcare domain is thereby strengthening the growth of the image sensors market.

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Based on vertical, the image sensors market is categorized into automotive, commercial, healthcare and life sciences, consumer electronics, aerospace, defense and homeland security, and industrial. The automotive segment is further subcategorized into forward-looking ADAS, a camera mirror system, rear- and side-view, and in-cabin ADAS. Healthcare and life sciences are further sub-segmented into endoscopy, x-ray imaging, and others. Additionally, consumer electronics is further sub-segmented into desktops and laptops, commercial drone, photography and videography, wearables, smartphones and tablets, service robots, commercial copier and scanner, and residential surveillance.

The industrial segment is further classified into industrial surveillance and monitoring, machine vision, and robotic vision. Among all these segments, consumer electronics account for the largest revenue in the global market due to increasing up-gradation in the CMOS technique that has significantly impacted the dissemination of image sensors into smart devices. Moreover, extensive demand for the dual and secondary camera in smartphones is further strengthening the growth of image sensors market across the globe.

Asia-Pacific holds the largest share in the image sensor market, globally. The growth of the image sensors market in this region is due to increasing industrialization and research and development activities. Additionally, an increasing requirement of safety-related directives in the automotive domain is increasing due to a large number of accident cases.

Extensive accident cases are thereby instilling the requirement for ADAS (advanced driver assistance system) in the automobile domain with the assimilation of progressive image sensing proficiencies acting like a major market driver, and further accentuating the growth of image sensors market in this region.

The key players in the image sensors market include Sony Corporation, Samsung Electronics Co. Ltd., OmniVision Technologies Inc., Panasonic Corporation, Canon Inc., Toshiba Corporation, SK Hynix Inc., STMicroelectronics N.V., ON Semiconductor Corporation and Hamamatsu Photonics K.K.

Global Image Sensors Market Coverage

Technology Insight and Forecast 2014-2024

• Charge-Coupled Device (CCD)
• Complementary Metal-Oxide-Semiconductor (CMOS)
• Others

Processing Type Insight and Forecast 2014-2024

• 2D Image Sensors
• 3D Image Sensors

Spectrum Insight and Forecast 2014-2024

• Visible
• Non-Visible
• X-Ray Light
• Infrared Non-Visible Spectrum

Array Type Insight and Forecast 2014-2024

• Linear
• Area

Vertical Insight and Forecast 2014-2024

• Automotive
• Commercial
• Healthcare and Life Sciences
• Consumer Electronics
• Aerospace
• Defense
• Homeland Security
• Industrial

Geographical Segmentation

Image Sensors Market by Region

North America

• U.S.
• Canada
• Mexico

Europe

• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Brazil
• Other Countries

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Global Residential security market is projected to become USD 63.4 billion by 2024

The residential security system develops a secure and safe environment for the household that helps in improving the security environments for the complete area. The global residential security market is projected to become USD 63.4 billion by 2024 and is expected to witness a CAGR of 8.1% during the forecast period. It has been observed that increasing momentum of the latest technologies such as IoT and excessive utilization of these systems are the major factors that are pertaining towards the growth of the global market. Furthermore, other factors that are driving the growth of the market include swelling crime rates and fewer security workforces.

Improved security devices at affordable price ranges are developed due to technological up-gradation and advancements. However, lack of accessibility and awareness regarding choosing the right solution, the threat to the privacy of the users, and the high cost of residential security solutions are the major factors hindering the growth of the residential security market.

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Among all the types of products, security cameras have been estimated to result in the largest revenue throughout the estimated period and are further expected to witness a CAGR of 9.1% during the forecast period. The growth of this segment is attributed towards the benefits availed to the users such as motion detectors that provide notifications and alerts to its users wherever a suspicious event is witnessed by it. Of all the solutions offered by key players in the market, the audio-visual surveillance solution held the largest share of around 23% in 2017 in the residential security market, globally.

Geographically, Asia-Pacific is expected to witness the fastest growth of 11.0% during the forecast period in the residential security market, globally. The rapid growth of this market is accredited towards technological advancements, extensive adoption for connected technologies such as IoT, enhanced digitalization, and increasing security material industries. Moreover, it has been observed that North America is expected to contribute to the largest revenue of USD 25.1 billion by 2024.

Globally industry players are leveraging market growth through consistently advancing their offerings by the rapidly changing needs and demands of the customers. Some of the key players operating in the global residential security industry include Bosch Security Systems Inc, Honeywell Security Group, Alarm.Com, Allegion PLC, Nortek Security & Control LLC, United Technologies Corporation, Ingersoll Rand, Control4 Corporation, and Godrej & Boyce Mfg. Co. Ltd.

Global Residential Security Market Coverage

Product Insight and Forecast 2014 - 2024

• Smart Locks
• Fire Sprinklers & Extinguishers
• Security Cameras
• Sensors
• Security Alarms

• Electronic Door Locks
• Biometric Locks
• Keypad Locks
• Wireless Locks

Solution Insight and Forecast 2014 - 2024

• Home Integrated Security
• Intercom System
• Audio-Visual Surveillance
• Access Control & Management
• Fire Protection
• Alert System

Residential Type Insight and Forecast 2014 - 2024

• Independent
• Apartment

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Global Aerial imagery market is anticipated to reach USD 5.2 billion by 2024

Aerial imagery provides an enriched point of vision that further provides the amplified vision of larger areas from distant angles that enables witnessing surface of the earth in an authenticated manner. The global aerial imagery market is anticipated to reach USD 5.2 billion by 2024, at a CAGR of 14.5% during 2018-2024.

The capability of aerial imagery in order to provide an improved and sudden view of any surface specifically in construction activities for instance for the development of the water-based and thermal project is expected to bolster the demand for aerial imagery market across the globe. The ability of this technology to enable the business organizations in monitoring and recording surface of the earth that ultimately helps in freezing time and advancing imaging resolutions is ultimately creating huge momentum for the growth of the market.

Moreover, increasing the adoption of this technology in several areas such as surveillance and monitoring, energy and resource management, geospatial, conservation, and research and disaster management is the major factor driving the growth of this market. The ability to plot information related to post-disaster incidence as it provides a high resolution that enables easy access and understandable data to the disaster management crew that helps them in adhering remedial activities. However, the increasing geometric distortion in images and security concerns related to no-fly zones (NFZ) are the major factors hampering the growth of the aerial imagery market.

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Geographically, North America is expected to generate the largest revenue of USD 841.8 million and is also expected to witness the fastest CAGR of 15.5% during the forecast period in the market. Increasing technological progressions that are extensively used for charting oil & gas plants, sky rise buildings and dams are expected to contribute towards the growth of the aerial imagery market in this region. Moreover, Asia-Pacific is expected to witness considerable growth during the forecast period. The growth of this market is attributed towards swelling demand for monitoring and surveillance in order to resist global threats.

The key players are further focusing upon technological advancements to develop a novel environment for aerial imagery. This is further strengthening the market presence and position of these organizations in the global market. Some of the major players in the aerial imagery industry are EagleView Technologies, Inc., Fugro N.V., Digital Aerial Solutions LLC, Google Inc., Kucera International Inc., Blom ASA, Getmapping PLC, Nearmap Ltd., High Eye Aerial Imaging Inc., and NRC Group ASA

Global Aerial Imagery Market Coverage

Type Insight and Forecast 2014 - 2024

• Vertical
• Low Oblique
• High Oblique

Application Insight and Forecast 2014 - 2024

• Geospatial
• Energy and Resource Management
• Disaster Management
• Surveillance and Monitoring
• Conservation and Research
• Exhibition and Entertainment
• Construction and Development

End-User Insight and Forecast 2014 - 2024

• Government
• Civil Engineering and Archaeology
• Defense
• Energy and Mining
• Media and Entertainment
• Agriculture and Forestry
• Others

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Global Mobile Virtual Private Network (VPN) Market Witness 17.9% CAGR During 2018 – 2024

The global mobile VPN market will reach USD 2.3 billion by 2024, growing with a CAGR of 17.9% during the forecast period. Mobile VPN elucidation facilitates operators to provide their corporate subscribers complete structures of a regular virtual private network (VPN) system without the establishment of any physical hardware location for operating their services.

Mobile VPN is extensively facilitating employees to work in an effective and efficient manner that helps them in utilizing various features in their work activities such as caller ID change and shortcode dialing to enhance their overall productivity. Moreover, the cost benefits provided by mobile VPN to the various business organization along with improved scalability is another factor that is pertaining towards the growth of the mobile VPN market across the globe.

The factors driving the growth of the mobile virtual private network market are an extensive requirement among various business organizations pertaining to remote accessibility and an excessive number of cases related to cyber threats. In order to save operational costs and enhance the productivity of its business activity business enterprises are extensively adopting mobile VPN technique, that helps them in centrally managing and simplifying remote workplaces that ensures the employees to retrieve data in a secure and reliable manner.

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Based upon end-users, the mobile virtual private network (VPN) market is segmented into military, telecommunications, healthcare, mining, financial, government, utilities, oil and gas, and others. Among these segments, the telecommunications domain is the largest contributor to the global market and is also expected to witness significant growth during the forecast period. The increasing utilization of wireless and mobile devices across the globe has further accentuated the demand for VPN among utilities, banking, and healthcare domain.

North America has been contributing the largest revenue in the mobile VPN market throughout the estimated period since this region is witnessing the rampant adoption of mobile devices. Furthermore, the business organizations in this region are implementing a mobile VPN system in their operations as it is a cost-effective alternative and provides a high level of security to the employees while communicating outside the office premises. Moreover, improved scalability and eradication of redundant offerings is another factor that is bolstering the growth of the mobile VPN market in North America.

Some of the key players operating in the mobile VPN market worldwide include Smith Micro Software Inc., IBM Corporation, Columbitech, Radio IP Software Inc., Cisco Systems Inc., Anthasoft S.A. De C.V., Techstep Technology, Netmotion Software, Inc., and Check Point Software Technologies Limited.

Global Mobile VPN Market Coverage

Distribution Channel Insight and Forecast 2014-2024

• VARs
• Direct Sales
• Online
• Partners/Distributors

End-User Insight and Forecast 2014-2024

• Military
• Telecommunications
• Healthcare
• Mining
• Financial
• Government
• Utilities
• Oil and Gas
• Others

Geographical Segmentation

Mobile VPN Market by Region

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• U.K.
• France
• Italy
• Rest of Europe

Asia-Pacific

• Japan
• China
• India
• Rest of Asia-Pacific

Rest of the World

• Brazil
• Other Countries

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