European CMOS image sensors market is estimated to grow at a CAGR of 7.8% during the forecast period. Europe is home to various major automotive companies and represents a significant share of the global automotive industry which has significantly contributed to the market growth. EU 15 & EFTA (European Free Trade Association) has registered around 18.2 million vehicle sales in 2018. The major automotive players have their headquarters in Europe including Volkswagen, Daimler, BMW, Robert Bosch, Peugeot, Renault, Volvo, Continental AG and so on. These companies are developing new technology continuously for the rapid advancement of the vehicle by the introducing various technologies including using CMOS image sensors in various automotive applications such as ADAS, self-driving vehicles and many others for vehicle collision warning, land detection among others.
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The European CMOS image sensors market is segmented on the basis of technology and end-user industry. Based on the technology the market is bifurcated into front side illumination (FSI) and backside illumination (BSI). On the basis of end-user, the market is divided into automotive, consumer electronics, industrial, security & surveillance, healthcare and others such as aerospace & defense.
Mergers and acquisitions, product launch, geographical expansion, and partnerships and collaborations are some of the strategies that are majorly adopted. For instance, in January 2020, STMicroelectronics International N.V. launched, a system-on-chip (SoC) for connecting smart devices to the IoT using long-distance wireless connections. This product allows product developers to create devices such as remote environmental sensors, meters, trackers, and process controllers that aid in efficiently manage energy and resources.
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European CMOS Image Sensors Market Segmentation
By Technology
· Front Side Illumination (FSI)
· Back Side Illumination (BSI)
By End-User
· Automotive
· Consumer Electronics
· Industrial
· Security and Surveillance
· Healthcare
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
