Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The image sensor market is experiencing dynamic shifts driven by advancements in technology and the widespread integration of imaging solutions across various industriesOne of the main trends affecting the market dynamics is a growing need for better imaging used in consumer electronics. Smartphones, digital cameras and other gadgets are causing the demand for miniature high-resolution image sensors. The tireless strive for better image quality, improved low-light performance and faster AF propels constant innovation in the market of image sensors.
However, the automotive sector significantly shapes the changing landscape of image sensor market. The increasing penetration of the ADAS and emergence of autonomous cars is driving image sensors application for lane departure detection, collision mitigation as well parking support. With the development of connected and autonomous vehicles, image sensors play a crucial role in providing visual information for decision-making algorithms that drive automotive growth.
The market dynamics are also affected by the increasing trend of image sensors in medical applications. High-performance image sensors play an essential role in medical imaging technologies such as X-rays, endoscopy and microscopy that are used to capture detailed visual information. The need for medical imaging systems is rising rapidly as the requirement of diagnoses and minimally invasive procedures increase, reflecting a significant contribution made by image sensors in themselves towards healing technologies.
Another major influencing factor for the image sensor market is its growing application base in industrial environments. Image sensors are the key component of machine vision systems that support quality control, inspection and automation for industrial manufacturing processes. The revolution in Industry 4.0, with digital technologies integrated into industrial processes brought about the need to use image sensors which increases efficiency reduces errors while enhancing overall production quality.
The crucial elements affecting market dynamics are miniaturization and cost-effectiveness. Developing increasingly miniaturized and inexpensive sensors necessitates the development of compact and cost-effective image sensors. Consumer manufacturers are developing smaller sensor sizes that improve performance without compromises in image sensors for a wider variety of applications including wearable and surveillance cameras.
The image sensor market is heavily competitive in terms of research and development activities. Companies are investing in the development of new sensor technologies like backside-illuminated (BSI) sensors, stacked sensors, and time-of-flight( ToF) to suit different industry requirements. Additionally, the trend towards higher megapixel counts and the integration of artificial intelligence (AI) capabilities within image sensors contribute to the market's ever-evolving dynamics.
Image Sensor Market Highlights:
Global Image Sensor Market Overview:
Image Sensor Market Size was valued at USD 18.5 Billion in 2022. The Image Sensor market industry is projected to grow from USD 20.2 Billion in 2023 to USD 42.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.60% during the forecast period (2024 - 2032). Increased demand for camera-enabled mobile phones and the rising use of image sensors in biometric applications are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Image Sensor Market Trends
-
Growing demand for camera-enabled mobile phones is driving the market growth
Market CAGR for the image sensor market is driven by the rising demand for camera-enabled mobile phones. The consumer electronics sector has benefited from the increased use of cameras with image sensors on smartphones globally. The rising popularity of mobile photography has made it a key factor for smartphone manufacturers when deciding whether to use natural image sensors. These companies create smartphones with up to five cameras in a single device. Digital single-lens reflex (DSLR) cameras, computers, cellphones, and other gadgets.
Along with the smartphone adoption rate, image capture has expanded dramatically due to smartphones’ inclusion of cameras. The market for image sensors is expected to be driven by these elements. The image sensor size affects the security camera’s field of vision for a definite lens and light sensitivity, which impacts the demand for security cameras. Since most security camera systems use image sensors, which allow faster speed with less power consumption.
Additionally, traction and steady development of the Internet of Things (IoT) and machine vision applications is another major driving factor. The requirement for image sensors is driven by the increasing use of IoT and machine vision technologies in all sectors, such as healthcare, manufacturing, and security. In manufacturing, IoT and machine vision technologies are used for quality control and monitoring. This procedure needs image sensors for capturing and analyzing images. In the healthcare sector, image sensors in medical equipment, like endoscopes and X-ray machines, aid in the diagnosis by capturing high-resolution images, treatment, and care of patients. Thus, driving the Image Sensor market revenue.
Image Sensor Market Segment Insights:
Image Sensor Technology Insights
The Image Sensor Market segmentation, based on technology, includes sCMOS, CCD, and CMOS. The CMOS segment dominated the market, accounting for the maximum market revenue. CMOS image sensors are greatly used because they are smaller, more power-efficient, less expensive, and have higher video frame rates. A higher dynamic range is available, with less current and voltage. CMOS is well suited for high-speed and high-resolution imaging applications because it takes less time to read out image data.
Image Sensor Optical Format
The Image Sensor Market segmentation, based on optical format, includes non-linear and linear. The linear category generated the maximum market revenue. The linear image sensor is a solid device that transforms an optical image into an analog signal line by line. CMOS and CCD image sensors are different linear image sensor types with unique circuit designs. The line scan camera is used for visual exams (a film, printed matter, fabric etc.), grain color sorters, etc. Bank note recognition systems in banking terminals are applications for which linear image sensors are suited. Other used include copier scanning components, image scanners, barcode readers and line scan cameras.
Figure 1: Image Sensor Market, by Optical Format, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Image Sensor Spectrum Insights
The global Image Scanner market segmentation, based on spectrum, includes invisible spectrum and visible spectrum. The invisible spectrum has generated the maximum market revenue due to its low cost and high accuracy. Invisible spectrum used in defense & aerospace, automotive, healthcare, and consumer electronics. The visible spectrum is anticipated to be the fastest-growing category in the projected period.
Image Sensor Application Insights
The Image Sensor Market segmentation, based on application, includes medical, surveillance, automobile, consumer electronics and others. The consumer electronics category generated the most income due to the rising sale of smartphones. High sensitivity & low noise DSLR cameras, high-resolution digital cameras, point-and-shoot cameras, smartphones with dual cameras, and tablet PC cameras collectively push the demand for imaging sensors in consumer electronics.
Image Sensor Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Image Sensor market area will dominate this market, owing to an increase in demand for smartphones, laptops, tablets, and other mobile devices. In addition, the growing utilization of image sensors in applications such as drones, cameras, and industrial devices, will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Image Sensor Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Image Sensor market accounts for the second-largest market share due to the growing popularity of virtual and augmented reality applications. Further, the German Image Sensor market held the largest market share, and the UK Image Sensor market was the fastest-growing market in the European region.
The Asia-Pacific Image Sensor Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the developing economy and increasing disposable income. Moreover, China’s Image Sensor market held the largest market share, and the Indian Image Sensor market was the fastest-growing market in the Asia-Pacific region.
Image Sensor Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Image Sensor market, grow even more. Market participants are also undertaking several strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Image Sensor industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s use in the global Image Sensor industry to benefit clients and increase the market sector. In recent years, the Image Sensor industry has offered some of the most significant advantages to technology. Major players in the Image Sensor market, including Sony Corporation Limited (Japan), Samsung Semiconductor Limited (South Korea), OmniVision Technologies Limited, PixArt Imaging Limited (Taiwan), S.K. Hynix Inc. (South Korea), Teledyne Technologies Limited (US), and others, are attempting to increase market demand by investing in research and development operations.
Samsung Electronics Co. Ltd., Tristar Electronics, is a South Korean multinational electronics firm headquartered in Yeongtong-gu, Suwon, South Korea. For customers including Apple, Sony, HTC, and Nokia, the company is an important producer of electronic components such as lithium-ion batteries, semiconductors, camera modules, image sensors, and displays. It is also the largest semiconductor memory maker in the world. For instance: In June 2022, Samsung Electronics launched 200MP ISOCELL HP3 features the lowest 0.56-micrometer pixels in the industry. This sensor fits 200 million pixels into a 1/1.4” optical format, the diameter of the area photographed through the camera lens, which is 12% smaller than the predecessor’s 0.64m. The sensor also includes a Super QPD auto-focusing technology, which gives all of the sensor’s pixels the ability to focus on objects automatically.
OmniVision Technologies Inc. is an American subsidiary established by Will Semiconductor, a Chinese manufacturer of semiconductor devices and mixed-signal integrated circuits. The business creates and produces digital imaging solutions for use in webcams, security and surveillance cameras, entertainment, automotive, and medical imaging systems, as well as mobile phones, laptops, netbooks, and other computing devices. OmniVision Technologies is based in Santa Clara, California, and has offices across the US, Western Europe, and Asia. For Instance: In March 2022, OmniVision revealed the new OS03B10 CMOS image sensor, which features a 3-megapixel (MP), HD, and IP analog cameras with high-quality digital images and high-definition video. This high-performance, economical solution combines front-side illuminations with excellent sensitivity to accurately reproduce colors in bright and dim lighting.
Key Companies in the Image Sensor market include
-
Sony Corporation Limited (Japan)
-
Samsung Semiconductor Limited (South Korea)
-
OmniVision Technologies Limited ()
-
PixArt Imaging Limited (Taiwan)
-
S.K. Hynix Inc. (South Korea)
-
Teledyne Technologies (US)
Image Sensor Industry Developments
September 2022: Canon USA Inc., a pioneer in digital image solutions, unveiled the VIXIA HF G70 camcorder and four professional camcorders, the XA65, XA60, XA75, and XA70. Content producers may quickly record excellent 4K footage in various situations using Canon’s small, portable camcorders. The XA65/XA60 and XA75/XA70 are equipped with the DIGIC DV6 image processor and benefit from the ½.3-inch type CMOS sensor and 1.0-inch type CMOS sensor. They can capture photos in 4K UHD and Full HD, employing oversampling from excellent HD quality, making them ideal for various shooting conditions.
August 2022: OmniVision Technologies Inc. released the new three-layer stacked BSI global shutter (GS) image sensor. The OG0TB, which has a package size of just 1.64mm × 1.64mm and a 2.2m pixel in a 1/14.46-inch optical format (OF), is marketed by the company as the world’s smallest image sensor for eye and face tracking in AR/VR/MR and incredibly low power consumption make it perfect for some of the tiniest and the lightest battery-operated wearable, like eyeglasses and goggles.
Image Sensor Market Segmentation:
Image Sensor Technology Outlook
-
sCMOS
-
CCD
-
CMOS
Image Sensor Optical Format Outlook
-
Non-Linear
-
Linear
Image Sensor Spectrum
-
Invisible Spectrum
-
Visible Spectrum
Image Sensor Application Outlook
-
Medical
-
Surveillance
-
Automobile
-
Consumer Electronics
-
Others
Image Sensor Regional Outlook
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
