Global InGaAs Image Sensor Market: Introduction
InGaAs image sensors contain a CMOS IC readout circuit for signal operation. InGaAs image sensors have the capability to cover visible (VIS), near infrared (NIR), and short wavelength infrared (SWIR) regions. InGaAs image sensors are classified into two types: InGaAs linear image sensors and InGaAs area image sensors. InGaAs linear images sensors are one-dimensional image sensors operational in visible (VIS), near infrared (NIR), and short wavelength infrared (SWIR) regions, while InGaAs area image sensors are two-dimensional image sensors that are operational in near infrared (NIR) and short wavelength infrared (SWIR) regions. InGaAs image sensors are utilized in various applications such as thermal imaging monitor, laser beam profiler, plastic recycling, food inspection, and laboratory measurement.
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Global InGaAs Image Sensor Market: Competition Landscape
Hamamatsu Photonics K.K.
Founded in 1983, Hamamatsu Photonics K.K. is headquartered in Hamamatsu-city, Japan. The company is a leading manufacturer of optical sensors, electric light sources, and other optical devices for technical, scientific, and medical use. In June 2019, the company designed and developed a new InGaAs area image sensor, G14674-0808W, for hyperspectral cameras that are capable of detecting short-wavelength-infrared light up to 2.55 μm.
Sensor Unlimited, Inc.
Founded in 1991, Sensor Unlimited is headquartered in Princeton, New Jersey, U.S. The company engages in the manufacture of near infrared (NIR) and short wave infrared (SWIR) cameras and arrays. It also manufactures SWIR cameras, extended wavelength response InGaAs image sensors, and 1- and 2- dimensional focal plane array.
Founded in 2000, Xenics is headquartered in Belgium, Germany. The company specializes in the design and manufacture of infrared sensors, cores and cameras. The company develops SWIR InGaAs detectors and cameras as well as MWIR and LWIR imagers.
Key players operating in the global InGaAs image sensor market are Hamamatsu Photonics K.K., Sensor Unlimited, Inc., Xenics, Teledyne Digital Imaging Inc., FLIR Systems, Inc., and New Imaging Technologies.
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Global InGaAs Image Sensor Market: Dynamics
Rising popularity of InGaAs image sensor to sort recycled plastic
Plastic waste is a major issue globally, as it is a non-degradable substance. The U.S. and several countries in Europe are focused on the reduction of plastic waste by recycling it. Visual sorting of plastic for recycling is difficult and hence, SWIR-based spectrographs are utilized to sort plastics in the waste stream. In this sorting process, SWIR 512, or 1024 line scan cameras with wavelength ranging from 1100 to 2200 nm, are used in spectrographs. They rapidly identify the polymer type of plastic waste and accordingly, dump the waste into a separate bin. Moreover, near infrared (NIR) spectroscopy identifies and sorts plastics found in electronic, household, and automotive products. Use of InGaAs image sensors is helpful to reduce plastic waste by sorting it accurately and cost-effectively. Consequently, the InGaAs image sensor market is anticipated to expand during the forecast period.
Global InGaAs Image Sensor Market: Segmentation
The global InGaAs image sensor market can be segmented based on:
- Product Type
- Pixel Resolution
Global InGaAs Image Sensor Market, by Product Type
Based on product type, the global InGaAs image sensor market can be classified into:
- InGaAs Linear Image Sensors
- InGaAs Area Image Sensors
Global InGaAs Image Sensor Market, by Pixel Resolution
Based on pixel resolution, the global InGaAs image sensor market can be bifurcated into:
Global InGaAs Image Sensor Market, by Application
Based on application, the global InGaAs image sensor market can be categorized into:
- Thermal Imaging Monitor
- Laser Beam Profiler
- Plastic Recycling
- Food Inspection
- Laboratory Measurements
The report on the global InGaAs image sensor market is a compilation of firsthand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on different segments of the InGaAs image sensor market across geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.