The global image sensors market was valued at USD 13.6 billion in 2017 and is expected to witness a CAGR of 10.3%, during the forecast period. The increasing acceptance for image sensing devices in the automobile domain along with excessive demand for enriched medical imaging systems are the major factors pertaining to the growth of image sensors market across the globe. Image sensors are rapidly being utilized in imaging devices and digital cameras for converting light received on the camera into digital imagery.
Increasing demand for high-definition cameras, smartphones, and security cameras have upgraded the application of imaging sensors in various industry domains such as medical, industrial, consumer applications and media, which is supporting the growth of the image sensors market worldwide. Moreover, increasing demand for analytics and image tools along with excessive demand for imaging tools in the healthcare domain is thereby strengthening the growth of the image sensors market.
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Furthermore, extensive demand pertaining to improved medical imaging solutions widened accessibility and availability of image sensors technique along with reduced threshold due to improvement in technology. This is expected to bolster the growth of the image sensors market in healthcare domain across the globe. However, high cost pertaining to manufacturing is the major factor that is hampering the growth of image sensors market across the globe.
On the basis of technology, the image sensors market is segmented into the charge-coupled device, complementary metal-oxide-semiconductor and others. Among all these segments, complementary metal-oxide-semiconductor hold the largest share in the global market due to its features such as lower power consumption and decreased size of the system.
On the basis of processing type, the image sensors market is segmented into 2D and 3D image sensors. Among these two segments, 3D image sensors segment is expected to witness higher growth at a CAGR of 11.7% during the forecast period since these sensors are observing extensive application in machine vision, ADAS and computer vision. Moreover, utilization of artificial intelligence in smartphones is expected to further drive the growth of the 3D image sensors market. Furthermore, the increasing popularity of this segment is exaggerating the growth of the image sensors market across the globe.
On the basis of the spectrum, the image sensors market is categorized into visible and non-visible spectrum. Non-visible segment is further sub-segmented into x-ray light and infrared non-visible spectrum. The non-visible spectrum is expected to witness higher CAGR of 12.0% during the forecast period since the cameras that are capable of functioning in the invisible spectrum find increased applicability in security and surveillance. Additionally, this segment is observing rampant investments from the key players such as Panasonic Corporation to enhance their product portfolio.
Based on array type, the image sensors market is categorized into area and linear image sensor. Among these two segments, linear array is expected to witness higher growth during the forecast period.
On the basis of vertical, the image sensors market is categorized into automotive, commercial, healthcare and life sciences, consumer electronics, aerospace, defense and homeland security, and industrial. The automotive segment is further subcategorized into forward-looking ADAS, camera mirror system, rear- and side-view and in-cabin ADAS. Healthcare and life sciences is further sub-segmented into endoscopy, x-ray imaging and others. Additionally, consumer electronics is further sub-segmented into desktops and laptops, commercial drone, photography and videography, wearables, smartphones and tablets, service robots, commercial copier and scanner and residential surveillance.
Industrial segment is further classified into industrial surveillance and monitoring, machine vision and robotic vision. Among all these segments, consumer electronics account for the largest revenue in the global market due to increasing upgradation in the CMOS technique that has significantly impacted the dissemination of image sensors into smart devices. Moreover, extensive demand for dual and secondary camera in smartphones is further strengthening the growth of image sensors market across the globe.
Asia-Pacific hold the largest share in the image sensor market, globally. The growth of image sensors market in this region is due to increasing industrialization and research and development activities. Additionally, an increasing requirement of safety-related directives in the automotive domain is increasing due to large number of accidents cases.
Extensive accident cases are thereby instilling the requirement for ADAS (advanced driver assistance system) in the automobile domain with the assimilation of progressive image sensing proficiencies acting as a major market driver, and further accentuating the growth of image sensors market in this region.
The key players in the image sensors market include Sony Corporation, Samsung Electronics Co. Ltd., OmniVision Technologies Inc., Panasonic Corporation, Canon Inc., Toshiba Corporation, SK hynix Inc., STMicroelectronics N.V., ON Semiconductor Corporation and Hamamatsu Photonics K.K.
Global Image Sensors Market Coverage
Technology Insight and Forecast 2014-2024
Processing Type Insight and Forecast 2014-2024
Spectrum Insight and Forecast 2014-2024
Array Type Insight and Forecast 2014-2024
Vertical Insight and Forecast 2014-2024
Image Sensors Market by Region
Rest of the World