The global image sensor market is predicted to reach USD 24.50 billion in 2024 and USD 37.35 billion by 2029, growing at a CAGR of 8.8% during the forecast period.
The image sensor is an electronic device that converts an optical image into an electronic signal or indication. It is used in digital cameras and imaging devices to convert the light received on the camera or imaging devices into digital images. An image sensor is generally used in standalone or embedded digital cameras and imaging devices. When light strikes the lens of a camera, the image sensor captures the light. It converts it into an electric signal, then transmits it to the camera or the image device processor that transforms the electronic signal into a digital image. There are two types of image sensors, i.e., Charged Couple Devices and Complementary metal oxide semiconductors. The image sensors offer high sensitivity in poor light conditions and possess high-speed imaging capabilities, including better daytime imaging performance and reduced likelihood of damage while viewing in bright conditions. Nowadays, image sensors are significantly used for security and surveillance, which is driving the demand for image sensors in the market during the forecast period.
The image sensor is used in various domains, such as aerospace and defense, healthcare, automotive, oil and gas, chemicals, etc., to monitor the environment and take the right action at the right time. Image sensor plays a vital role for security purposes. Therefore, the demand for image sensors is also growing in the industry, which further boosts market growth.
The growing expenditure on security and surveillance in public areas across the globe is driving the demand for image sensors. Governments of various nations are investing in deploying image sensors to maintain security in public places. The government has installed cameras and other image sensor devices in ports, railway stations, etc., to monitor suspicious activities.
The demand for image sensors in the automotive industry is increasing due to the growing preference of consumers for high-end luxury as well as economical vehicles. The increasing demand for smartphones, tablets, and laptops equipped with high-resolution image sensors is fueling the growth of the image sensor market. Also, the increasing disposable income and growth in the adoption of cameras in phones and automobiles are fueling the growth of the market during the forecast period.
The integration of analog fundamentals that require more electronic circuitry outside the sensor and consume up to 100 times more power than their comparative CMOS-based devices is likely to restrain the growth of the Image sensor market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
8.8% |
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Segments Covered |
By Technology, Processing, Spectrum, Array, Resolution, End-user, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Sony Corporation (Japan), Samsung Semiconductor Limited. (South Korea),Omni Vision Technologies Limited, PixArt Imaging Limited (Taiwan), S.K. Hynix Inc. (South Korea), Teledyne Technologies (U.S.), Xiaomi Corporation (China), One Plus Technology Co., Ltd. (China), Huawei Technologies Co., Ltd. (China) and Others. |
Based on Technology, the Image sensor market is segmented into Complementary Metal-Oxide-Semiconductor (CMOS), Charged-Coupled Device (CCD). CMOS is estimated to hold the largest share during the forecast period. The CMOS technology is significantly smaller than other image sensor with high resolution. These CMOS-based image sensors offer high image quality with HDR and wide FoV, which make them suitable for automotive and Smartphone applicants.
Based on Processing, the Image sensor market is segmented into 2D and 3D Image Sensors. The 3D image sensor segment is expected to dominate the market during the forecast period due to the rising adoption of 3D image sensors in AR/VR, automotive, 3D sensing, and simultaneous localization and mapping applications owing to their depth-sensing ability.
Based on Spectrum, the Image sensor market is segmented into Visible and non-visible. The visible spectrum is expected to dominate the market over the projected period due to the increase in the use of image sensors that are sensitive to the visible spectrum in consumer electronics such as smartphones, tablets, and laptops.
Based on Array, the image sensor market is segmented into linear image sensors and area image sensors. Area image sensors are dominating the market due to the growing demand for area image sensors in the surveillance market.
Based on Resolution, the Image sensor market is segmented into VGA, 1.3MP to 3MP, 5MP to 10MP, 12MP to 16MP, and More than 16 MP. The 12MP to 16 MP segment will dominate the market during the forecast period due to increased demand for image sensors from consumer electronics and automotive end users.
Based on End-user, the Image sensor market is segmented into Aerospace & Defense, Homeland Security, Automotive, Consumer Electronics, Medical & Life Sciences, Industrial, and Commercial. Consumer electronics segment holds the largest market share due to increases used of cameras equipped with sensors in smartphones across the globe. The rising focus of consumers on smartphone photography has become one of the essential factors that has been taken into consideration by smartphone manufacturers.
North America holds the largest share of the Image Sensor Market and will dominate the market over the forecast period with a CAGR of 7.88%. The major factor driving the growth of the Image sensor market in North America is the large consumer base for smartphones, tablets, and other consumer electronics. In the United States, the adoption of advanced technologies is very high; therefore, the demand for advanced image sensor technologies is very high, which is driving the growth of the market. Also, the population in this region is very much concerned about security, therefore adopting image sensors for security purposes will propel the demand for image sensors in the market. Also, the industries are well established in this region and very much focused on the efficient flow of operations and the security of the operational environment to have safe and secure business operations. Thus, the demand for image sensors is also increasing in the industrial sector, which is boosting the market's growth in the coming years.
Asia-Pacific is also the major contributor to the image sensor market growth and is expected to remain the key revenue generator in the forecast period due to favorable consumer preferences along with the presence of a large number of major manufacturers in this region. Asia-Pacific region is expected to witness significant demand, particularly in China and India, due to the availability and increasing demand for high-end luxury and economical vehicles. The increasing penetration of smartphones, laptops, and tablets is fueling the demand of the image sensor market. Also, the rising awareness of safety in this region is boosting the market growth. In addition, the growing infrastructure development and government initiatives towards safety at public places such as railway stations, airports, waterports, banks, and government offices are fueling the demand for the Image Sensor Market in this region over the forecast period.
Europe will also witness steady growth during this period due to the increasing demand for image sensors in the automotive sector. Germany will remain dominant, and France and the UK are witnessing a significant CAGR during this period.
Some of the leading companies operating in the Global Image Sensor Market are
In December 2021, Sony Semiconductor Solutions Corporation announced its success in developing the world’s first stacked CMOS image sensor technology with 2-LyerTansistor Pixel. Sony’s innovation separates photodiodes and pixel transistors on different substrate layers, widens dynamic range, reduces noise by approximately doubling the Saturation signal level, and enables pixels to maintain or improve their existing properties at current and smaller pixel sizes.
By Technology
By Processing
By Spectrum
By Array
By Resolution
By End-User
By Region
Frequently Asked Questions
Technological advancements in image sensors, particularly in the field of medical imaging, are revolutionizing healthcare practices worldwide. Applications such as endoscopy, digital radiography, and microscopy rely on high-resolution image sensors for accurate diagnosis, leading to improved patient outcomes and enhanced efficiency in healthcare delivery.
The proliferation of IoT devices across industries such as home automation, industrial automation, and agriculture is driving the demand for image sensors globally. These sensors enable IoT devices to capture, process, and transmit visual data, facilitating enhanced automation, monitoring, and control capabilities in diverse applications worldwide.
Emerging trends in the image sensor market include the development of 3D imaging technologies, the integration of artificial intelligence (AI) for image processing, and the adoption of multispectral imaging for advanced applications such as precision agriculture and food quality inspection. These trends are poised to drive innovation and growth in the market.
Market players in the global image sensor market have opportunities to capitalize on the growing demand for image sensors in emerging applications such as augmented reality (AR), virtual reality (VR), and unmanned aerial vehicles (UAVs). Additionally, strategic collaborations, mergers and acquisitions, and investments in research and development (R&D) can enable companies to expand their market presence and gain a competitive edge in this dynamic industry landscape.
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