Phoenix-based ON Semiconductor is sharpening it focus on the automotive and industrial markets with its agreement to acquire Aptina Imaging, a leading provider of high-performance CMOS image sensors for those two markets.

According to the independent market research firm TSR, the worldwide demand for image sensors for automotive and industrial applications is expected to increase at an annual compound rate of 16 percent between 2013 and 2016.

Beside the automotive and industrial market, Aptina Imaging’s products also serve cameras, mobile devices, and computing and gaming platforms.