The global low light level imaging sensors market is expected to decline at a CAGR of 14.5% during the period 2017-2021.
Global Low Light Level Imaging Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is improvisations in low light level imaging sensors. The quality of a digital camera is based on the capacity of the imaging sensor to capture maximum number of pixels of an image. A one-megapixel camera captures approximately one million pixels. When a high-resolution image is processed in a RGB file, it takes approximately 3-megabyte memory space.
According to the report, one driver in the market is increased government investments in military devices. The governments across the world focus on providing sophisticated equipment to the military sectors. These devices help the military forces carry out complex defense operations. The high demand for night vision devices by the defense sector drives the demand for low light level imaging sensors. These sensors provide rapid target acquisitions in military operations. There is a high demand for goggles, scopes, and cameras fitted with night vision devices. These wireless devices help soldiers target objects in complete darkness, thereby increasing situational awareness.
Further, the report states that one challenge in the market is the requirement of high capital investments. High capital investments required for low light level imaging sensors hamper market growth. Rapid technological advances have led to the formation of night vision devices, mine detection systems, and electron generator arrays that require specialized low light level imaging sensors. To meet the rising demand for these advanced devices, foundries require high capital investments to expand production capacity and invest in R&D. The high investments pose a challenge to the vendors as profits are incurred after a long time. Outsourcing the technology also involves high costs.