The global image sensors market is estimated to witness a growth rate of more than 8% during the forecast period 2022-2028. An image sensor is a device that allows the camera to convert photons i.e., light into electrical signals that can be inferred by the device. It further helps to get a better image quality, superior frame rate, and dynamic range along with reduced noise.
A rapid rise in the incorporation of high-resolution cameras equipped with image sensors in mobile devices drives the growth of the market. In addition, the rise in the adoption of image cameras for automotive applications coupled with the growing use of advanced driver-assistance systems (ADAS) in automobiles gives a boost to the growth of the global image sensors market. However, the high manufacturing costs of large chip image sensors are expected to be one of the key restraints of the global market.
CMOS image sensors to contribute a significant share to the global image sensors market
Based on types, CMOS image sensors are estimated to contribute significantly to the market during the forecast period. The segmental growth of the market is attributed to low power consumption and its cost-effectiveness. Additionally, CMOS image sensors are widely used in smartphones, tablets, and digital single-lens reflex (DSLR) cameras. Smartphone manufacturers are focusing more on enhancing the build and quality of the cameras they offer.
Therefore, with the rapid increase in the adoption of mobile devices such as smartphones, laptops, tablets, etc., the demand for CMOS sensors is expected to increase in the near future. Moreover, on the basis of the application, the automotive segment is estimated to grow at a higher rate owing to the increasing adoption of ADAS. In addition, the development of autonomous vehicles is also expected to drive the growth of the automotive segment in the global image sensors market.
Increased smartphones production helps China to lead the Asia Pacific image sensors market
The Asia Pacific is expected to grow at the highest rate in the upcoming years. The rapidly growing consumer electronics and semiconductors industry and the presence of market leaders give a surge to the regional growth of the image sensor market. China is dominating the regional market owing to its growing economy and significant consumer electronics market.
China is one of the prominent electronic manufacturers and consumers giving necessary thrust to the market expansion. For instance, according to the National Bureau of Statistics China, the country’s electronic equipment manufacturing increased by 13% in 2018. North America and Europe are estimated to hold a significant market share of the global image sensors industry. Technological development and the adoption of innovative technology increased the popularity of advanced imaging solutions in both regions.
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Market Structure and Competitive Landscape
The global image sensors market is fragmented in nature with the presence of various players operating in the market. Some of the prominent players that contribute significantly to the global image sensors market include Canon Inc., Sony Corporation, Samsung Electronics Co. Ltd., Panasonic Corporation, Toshiba Corporation, OmniVision Technologies Inc., ON Semiconductors Corporation, Galaxy Core Inc., Teledyne Technologies Inc., Sharp Corporation, STMicroelectronics, Hamamatsu Photonics K.K., NXP Semiconductors, and Infineon Technologies A.G among Others.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global smart meters market include,
- In June 2022, Samsung introduced the 200MP ISOCELL HP3, the image sensor with the industry’s smallest 0.56-micrometer (μm)-pixels. The sensor allows users to take videos in 8K at 30 frames-per-second (fps) or 4K at 120fps, with minimal loss in the field of view. Combined with the Super QPD solution, users can take movie-like cinematic footage with their mobile devices.
- In December 2021, Sony has developed the world’s first stacked CMOS image sensor technology with 2-layer transistor pixels.
- In June 2020, SmartSens completed the acquisition and merger with Allchip Microelectronics a Shenzhen-based CMOS image sensor specialist company for automotive application.
Key Market Segmentation
RationalStat has segmented the global image sensors market on the basis of type, processing type, resolution, application, and region.
- By Type
- CMOS (Complementary Metal Oxide Semiconductors)
- CCD (Charged Couple Device)
- By Processing Type
- 2D Processing
- 3D Processing
- By Resolution
- VGA
- Less than 16 Mega Pixels
- 16-32 Mega Pixels
- 32-64 Mega Pixels
- More than 64 Mega Pixels
- By Application
- Consumer Electronics
- Automotive
- Security and Surveillance
- Healthcare
- Aerospace & Defense
- Others (Entertainment)
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecast, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, ICIS, EUWID, Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for image sensor manufacturers, global camera dealers and suppliers, government organizations, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The global image sensors market is expected to grow at a CAGR of approximately 8% during the forecast period 2022-2028.
Asia Pacific holds a prominent share of the global image sensors market.
The global market for image sensors was US$ 20 Billion in 2021.
The increasing use of CMOS sensors in consumer electronics and the mandatory use of image sensors in the automotive sector are the major factors to influence the growth of the global image sensors market.
Major companies operating in the global image sensors market are Canon Inc., Sony Corporation, Samsung Electronics Co. Ltd., Panasonic Corporation, Toshiba Corporation, OmniVision Technologies Inc., ON Semiconductors Corporation, Galaxy Core Inc., Teledyne Technologies Inc., Sharp Corporation, STMicroelectronics, Hamamatsu Photonics K.K., NXP Semiconductors, and Infineon Technologies A.G among Others.