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 attributed to the rising popularity of gadgets with cameras.
A CAGR of 5.9% was recorded for the market for image sensors from 2016 to 2021. In general, there are two types of image sensors: CCD image sensors and CMOS image sensors. CMOS image sensors are being adopted at a faster rate than CCD image sensors because they offer superior performance. Modern high-performance, miniaturised integrated circuits are made possible by the high integration on chips made possible by CMOS image sensors.
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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.
Market Competition
Some of the key participants present in the global image sensor market are
- Toshiba Corporation,
- Sharp Corporation,
- Sony Corporation,
- Panasonic Corporation, and
- Samsung Electronics among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Toshiba Corporation, Sharp Corporation account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
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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.
Key Segments Profiled in the Image Sensor Industry Survey
Image Sensors Market by Types:
- CMOS image sensor
- CCD image sensor
Image Sensor Market by Application:
- Image Sensor for Smartphones
- Image Sensor for Cameras
- Image Sensor for Wearable electronics
- Image Sensor for Surveillance
- Image Sensor for Others
Image Sensor Market by Region:
- North America Image Sensor Market
- Latin America Image Sensor Market
- Western Europe Image Sensor Market
- Eastern Europe Image Sensor Market
- Middle East and Africa Image Sensor Market
- Asia Pacific excluding Japan(APEJ) Image Sensor Market
- Japan Image Sensor Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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