The demand for image sensors is expected to reach a value of US$21725.8 million in 2022 and is projected to increase at a CAGR of 6.7% to reach US$41672.3 million from 2022 to 2032. Growth is linked to the rising popularity of gadgets with cameras. A CAGR of 5.9% was seen for the market for image sensors from 2016 to 2021.
These image sensors are also increasingly adopted due to availability of low cost CMOS image sensors used for implementing in mobile devices.
Image Sensors technology is a generally of two type, CCD image sensor and CMOS image sensor out of which CMOS Image Sensors are being adopted at a higher pace as these CMOS image sensors are performing better than CCD image sensors.
CMOS image sensors have enabled high integration on the chips leading to modern high performance, miniaturized integrated circuits.
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Image Sensors Market: Drivers and Challenges
The major factor driving the adoption of Image Sensors is the increasing usage of mobile devices with dual camera feature that has increased the demand for image sensors.
In last 5-6 years, the adoption of smartphones and demand for high quality camera has been increased which is helping Image Sensors market to grow.
Another factor helping Image Sensors market to grow is the increasing demand for selfie phones which has also increased the demand for image sensors to better front camera.
The key challenge for Image Sensors market is the high cost of manufacturing these image sensors. The growing demand of smart phones along with front camera features and high mega pixel camera, manufacturers have to invest more in Image Sensors and in making high quality image sensors.
Competition Landscape
Key Contracts:
In January 2017, Panasonic Corporation, a technology provider and Image Sensor company is in terms with Tesla, a self-driving technology provider for working on development of self-driving systems which will include image sensors and others.
In July 2017, Vayyar, a technology provider has launched 3D sensors that will help in providing self-driving car interior awareness including information about passengers.
These embedded sensors are also small and low-cost compared to other sending solutions, and can provide real-time info about what’s going on in a car, including monitoring passenger vital signs, and even keeping track of whether a driver is nodding off behind the wheel
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Key Players
In Image Sensors market there are many solution providers some of them are Toshiba Corporation, Sharp Corporation, Sony Corporation, Panasonic Corporation, Samsung Electronics and others.
Regional Overview
Presently, North America and Europe is holding the largest market share for Image Sensors market due to presence of large market players who are working towards the development of image-sensors that can be used mainly in automotive industry in these region.
Moreover the rising demand of smart devices with high resolution camera is increasing the Image Sensors market opportunity in these region.
Asia –Pacific is also increasingly adopting Image Sensors technologies with the entry of major & established players such as Samsung, Panasonic and others.
Regional analysis for Image Sensors Market includes development of these systems in the following regions
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Western Europe
- Germany
- France
- U.K
- Italy
- Spain
- Nordics
- Benelux
- Rest of the Western Europe
- Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of the Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- China
- India
- ASEAN
- Australia and New Zealand (ANZ)
- Rest of APEJ
- Japan
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Image Sensors Market: Segmentation
Segmentation on the basis of Image Sensors Types:
- CMOS image sensor
- CCD image sensor
Segmentation on the basis of Application
- Smartphones
- Cameras
- Wearable electronics
- Surveillance
- Others
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