Status : Published Published On : Sep, 2022 Report Code : VRICT5003 Industry : ICT & Media Available Format : Page : 137
2022
2030

Global Image Sensors Market – Analysis and Forecast (2022 – 2030)
Industry Insights by Technology (Charge-Coupled Device [CCD], Complementary Metal-Oxide-Semiconductor, Others), by Processing Type (2D Image Sensors, 3D Image Sensors), by Spectrum (Visible Spectrum, Non-Visible Spectrum [X-Ray Light, Infrared Non-Visible Spectrum]), by Array Type (Area Image Sensor, Linear Image Sensor), by Vertical (Automotive, Commercial, Healthcare & Life Sciences, Consumer Electronics, Aerospace, Defense, Homeland Security, Industrial)

Industry Overview

The global market for image sensors generated a revenue of $25.6 billion in 2021, and it is anticipated to grow $39.6 billion in 2030 at a CAGR of 10.5% during the forecast period. This is mostly due to the automotive industry's excessive use of image sensor technology. Also, image sensors are widely employed in imaging devices and digital cameras to convert optical images into electrical ones, which aid in turning imaging devices into digital images.

Image Sensors Market Highlights

Market Segmentation

Insight by Technology

The market for image sensors is categorized into complementary metal-oxide-semiconductors, charge-coupled devices, and others, based on technology. Among these, the complementary metal-oxide-semiconductor category accounted for the highest market share in 2021. Also, it is anticipated to remain in the lead during the projected period, owing to its advantageous characteristics, including lower power usage and reduced system size.

Insight by Processing Type

Based on processing type, the market is bifurcated into 2D and 3D image sensors. Due to its widespread use in ADAS, computer vision, and machine vision, the demand for 3D image sensors is expected to witness faster growth between the two categories throughout the projection period. Additionally, it is expected that the use of artificial intelligence in smartphones would fuel the market for 3D image sensors.

Insight by Spectrum

The worldwide image sensor market is divided into visible and non-visible spectrums, based on the spectrum segment. Since cameras that can operate in the invisible spectrum have more applications in security and surveillance, the non-visible spectrum category is expected to witness faster growth throughout the projected period. Furthermore, this market is witnessing a wave of investments from major companies like Panasonic Corporation to expand their product line. Additionally, X-ray light and infrared non-visible spectrum are subcategories of the non-visible spectrum market.

Insight by Array Type

Area and linear array image sensors are the key categories of the global image sensors market, based on array type. Of the two, the demand for linear array image sensors is projected to increase more quickly over the projected period.

Insight by Vertical

Automotive, healthcare and life sciences, commercial, consumer electronics, industrial, aerospace, and defense and homeland security are the major verticals of the worldwide image sensors market. Due to the continuous advancement of the CMOS method, which has had a substantial impact on the distribution of image sensors into smart devices, the consumer electronics sector is projected to continue holding the highest industry share over the projection period. Further, the high demand for dual and secondary cameras in smartphones expands the market growth.

Additionally, desktops and laptops, photography and videography, commercial drones, wearables, service robots, commercial copiers and scanners, smartphones and tablets, and home security are subcategories of the image sensors market, on the basis of consumer electronics applications.

The global market for image sensors for automotive applications holds a significant share. It is further divided into four subgroups: in-cabin ADAS, rear- and side-view, camera mirror systems, and forward-looking ADAS.

In addition, the market is categorized into endoscopy, X-ray imaging, and others, based on healthcare and life sciences applications. Moreover, the market for image sensors for industrial use is further divided into three subgroups: machine vision, robotic vision, and industrial surveillance and monitoring.

Industry Dynamics

Trends

The main developments and advances in CMOS imaging technology, design, and production are those that are always occurring. The signal-to-noise ratio (SNR) intensities in machine visualization presentations at greater speeds have been significantly enhanced thanks to recent advancements in CMOS technology, which also gives the CCD technology more functionality, improved performance, and cost-effectiveness.

Growth Drivers

There are a number of important reasons driving the global image sensors market, most notably the surging demand for dual cameras in smartphones and tablets and the trend toward downsizing. The widespread use of CMOS-based technology in dual-camera smartphones has been noticed, which contributes to the rise in popularity of these phones among a variety of gen-next photographers. Another factor contributing to the growth of the market is the increasing demand for better medical imaging equipment.

Industry Ecosystem

The image sensors market expansion is being supported globally by industry players who are leveraging market growth through increased investments, new product developments, partnerships, mergers and acquisitions, and technical advancement.

Geographic Overview

During the forecast period, the APAC market is expected to witness the highest consumption of image sensors across the world. This can be ascribed to the increased industrialization and R&D activities, a large number of accident cases, and the rise in safety-related directives, across the world.

As a result of numerous accident cases, an advanced driver assistance system (ADAS) is becoming increasingly necessary in the automotive industry. Thus, the integration of advanced image sensing capabilities is a key market driver and is further enhancing the growth of the image sensors market in this region.

Competitive Insight

Some of the major players in the global image sensors market include Sony Corporation, OmniVision Technologies Inc., Samsung Electronics Co. Ltd., Canon Inc., Panasonic Corporation, SK Hynix Inc., Toshiba Corporation, ON Semiconductor Corporation, STMicroelectronics N.V., and Hamamatsu Photonics K.K.

Frequently Asked Questions

Asia-Pacific has been one of the largest consumers of image sensors during the forecast period.
Based on technology, the global image sensors market is categorized into charge-coupled device, complementary metal-oxide-semiconductor, and others, wherein complementary metal-oxide-semiconductor category accounted for largest share in 2020.
Some of the key players operating in the global image sensors market are Sony Corporation, Samsung Electronics Co. Ltd., OmniVision Technologies Inc.,
Constant progressions and innovations in the CMOS imaging technology, fabrication and design are the key trends observed in the image sensors market.
The global image sensors market is anticipated to generate USD 28.6 billion revenue by 2027 and is projected to advance at a CAGR of 10.5% during the forecast period,

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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