Image Sensor Market (Updated Version Available)

Image sensor market size was valued at USD 26.3 Billion in 2022 and is expected to reach over USD 49.4 Billion by 2030, registering a CAGR of 8.2% during the forecast period (2022-2030).

Image sensors are devices that aid in the conversion of photons or light by the camera into electrical signals which are interpreted by equipment. These sensors are utilized in both digital & analog type electronic imaging devices such as imaging tools used in medical applications, digital cameras, night vision tools like RADAR, and SONAR, camera modules, thermal imaging devices, and others.

The complete overview of the image sensor and its types revolve around the working principle of the sensors and applications. The sensors are available in several packages and formats in which the size of the sensor dictates the resolution & pixel size. Thus, each lens is created by considering specific sensor resolution and format via the selection of the arrangement of optics in a camera.

Furthermore, the growing adoption of smartphones integrated with multiple cameras fuels the demand for image sensors owing to the integration of HDR cameras. Additionally, multiple public and private ventures are anticipated to elevate the expenditures on the rising need for security & surveillance for the facilitation of anti-terror equipment.

Report Attributes	Report Details
Study Timeline	2018-2030
Market Size in 2030 (USD Billion)	49.4 Billion
CAGR (2022-2030)	8.2 %
By Technology	Charge-Coupled Device (CCD), Complementary Metal Oxide Semiconductor (CMOS)
By Processing Type	2D Image Sensor, and 3D Image Sensor
By Array Type	Linear Image Sensor, and Area Image Sensor
By Application	3D imaging, Machine Vision, Biometrics, Video, and Others
By Vertical	Consumer Electronics (Residential Surveillance, Desktops and Laptops, Commercial Copier and Scanner, Commercial Drone, Photography and Videography, Service Robots), Automotive (Camera Mirror System, Rear- and Side-View, Forward-Looking ADAS, In-Cabin ADAS), Medical and Life Sciences (Endoscopy, X-Ray Imaging), Industrial (Machine Vision, Industrial Surveillance and Monitoring, Robotic Vision), Commercial (Surveillance), Aerospace, Defense and Homeland Security
By Geography	Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]
Key Players	Sony Corporation, Samsung Electronics Co. Ltd., Canon, Hamamatsu Photonics K.K, Panasonic Corporation, ON Semiconductor Corporation, STMicroelectronics N.V., SK Hynix, PixArt Imaging, Pixelplus, GalaxyCore Shanghai Ltd. Corporation, PMD Technologies AG, AMS AG

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Market Dynamics:

Driver:

The augmented integration of technology in commercial and passenger vehicles such as Advanced Driver Assistance Systems (ADAS), child-presence detection, vital sign monitoring, passenger safety-belt checks, picture/video recording, and gesture recognition increases the demand for image sensors for addressing such applications. Also, the growing demand for advanced rear cameras in smartphones and other types such as ultra-wide cameras, monochrome cameras, and telephoto or periscope zoom camera accelerates the usage of such sensors for effective attenuation of light waves into signals. Thus, the surging adoption of technologically advanced smart devices and autonomous vehicles among consumers is estimated to accelerate market growth during the forecast period.

Restraint:

The high development costs of sensors significantly reduce the large adoption of image sensors. Additionally, major drawbacks such as high power consumption, poor quality images due to under 30 FPS processing of images, and inaccurate image generation during difficult weather significantly hinder the market growth. Furthermore, the presence of quality alternatives such as LiDAR also reduces the demand for image sensors, especially among automotive manufacturers. LiDAR is preferred over such sensors due to reduced risks of buffering during bad weather or traffic congestion.

Opportunity:

The scope of integrating the image sensors with high technological improvements such as increased pixel density and optimized sensor platform is anticipated to significantly propel the market growth during the forecast period. Moreover, integration during robotic surgical and exploratory interventions is also expected to fuel the usage of sensors for in-depth sensing and guidance of the object.

COVID-19 Impact:-

The image sensor market witnessed a considerable impact during the initial phases of the COVID-19 pandemic in terms of market expansion and shortage of semiconductors and sensors. The reduced availability of automobiles owing to the disrupted supply chains of sensors resulted in reduced automotive sales as the majority of the sensors is imported from China, South Korea, and India. However, the situations have enhanced post COVID-19 pandemic due to the augmented demand for sensors in the production of technologically advanced devices. Thus, the overall industry growth witnessed a substantial increase owing to the increased emphasis on safety assistance features during automobile production.

Image Sensor Market Segmentation:



By Technology

The technology segment is categorized into the charge-coupled device (CCD), and complementary metal oxide semiconductor (CMOS). The complementary metal oxide semiconductor (CMOS) segment is anticipated to contribute the largest share in terms of value during the forecast period. The CMOS technology sensors are integrated into multiple applications due to the cost advantages and high-level performance with enhanced integration capabilities. These sensors are largely used in circuits or microcontrollers owing to their simple structure, large noise tolerance, low power consumption, and strong temperature stability. Thus, the major application of such sensors due to the high-quality pixel detection and low power consumption is estimated to support the segment growth during the forecast period. Additionally, charge-coupled device (CCD) sensors also support the growth of the image sensor market statistics in terms of volume. These sensors are utilized in the production of single-cell imaging, the development of point-of-care testing, and the detection of molecules in real samples and cells. Thus, the large usage of CCD sensors is attributable to the ultra-sensitive detection of each element.

By Processor Type

The processor type segment is differentiated into the 2D image sensor and 3D image sensor. The 3D image sensor is anticipated to witness substantial growth during the forecast period. The mainstream emphasis on the adoption of AR/VR technologies has resulted in the adoption of 3D sensors due to the demand for technological advancements like the depth and precision of the images. Thus, the adoption of other applications such as 3D scanning and biometric identification also boosts market growth due to the high adaptability to ambient lighting. Furthermore, 2D image sensors are projected to register the fastest CAGR growth in terms of volume. The existing applications utilize the 2D sensors owing to the low-cost availability in the market and easy integration within the microcontrollers or other circuits. Thus, the major end users utilize 2D image sensors due to the growing demand for reducing overall operational costs without disrupting product quality.

By Array Type

The array type is bifurcated into the linear image sensor and area image sensor. The area image sensor is estimated to contribute a substantial share of market statistics during the forecast period. The major application of array sensors is in the production of smartphones, tablets, laptops, surveillance cameras, and automobile cameras. Thus, the area image sensors are utilized to emphasize the wide range for capturing the full image of objects with fast-paced movements. Additionally, linear image sensors have multiple industrial applications such as spectrometers, machine vision cameras (foreign object inspection, dimension measurement), and distance measurement devices. Such applications are highly attributable to the ultra-sensitive detection of non-visible light that falls in the ultraviolet region. Thus, such photosensitive sensors with tiny particles are largely utilized for the measurement of the distance between the point of reference and the object in linear sensors.

By Application

The application segment is separated into 3D imaging, machine vision, biometrics, video, and others. The 3D imaging application is anticipated to contribute the largest revenue share to the market growth. The image sensors are largely utilized for the determination of 3D images especially in automotive applications. The reverse and parking cameras located in the car have image sensors integrated within them. Thus, primarily the automotive and healthcare industries are expected to support the segment growth in terms of demand for 3D depth-sensing applications. In the context of the next application, a substantial share is contributed to the market growth by machine vision due to high utilization in the manufacturing industry. The aspects of machine learning are implemented for high-accuracy object detection, surface defect detection, barcode scanning, and others during the implementation of machine vision. Thus, the augmented functions of manufacturing facilities are expected to boost the usage of image sensors for machine vision applications.

By Vertical

The vertical is segmented into consumer electronics, automotive, medical and life sciences, industrial, commercial, aerospace, defense, and homeland security. The consumer electronics segment is estimated to comprise a substantial image sensor market share due to the augmented demand for smartphones and other electronic devices. Thus, the high integration of advanced camera lenses and sensors within the devices is anticipated to increase the sales of smartphones and smart appliances due to growing consumer awareness. Furthermore, the automotive segment is also estimated to register the fastest CAGR growth during the forecast period. The surging technological advancements in vehicles in terms of driver assistance and safety-related imaging technology are expected to result in augmented demand for image sensors.

By Region

The regional segment comprises of Asia Pacific, North America, Latin America, Europe, the Middle East, and Africa. In the context of the region, Asia Pacific is estimated to augment the market trends during the forecasted period. The presence of established manufacturing facilities in countries such as Japan, China, South Korea, and India poses lucrative opportunities for image sensors. These facilities are well equipped for completing the demand for image sensors for automotive, security & surveillance, and consumer electronic applications. Thus, the emerging scope of technology advancements in terms of growing expenditures expands the market statistics in the Asia Pacific region.



Furthermore, North America is also estimated to provide a growth opportunity for the expansion of the market across the region. The surging spending especially by industrial and commercial end users for bolstering security and surveillance boosts the integration of image sensors within security cameras. Additionally, the growing adoption of technologically advanced equipment among consumers due to large disposable income also fuels the market presence in the North American region.

Image Sensor Market Competitive Landscape:

The market research report published on the image sensor market provides an in-depth evaluation of the market position. Key indicators are considered to illustrate the current circumstances of the market such as the specification of the regions, market segmentation, technology evolution, value chain analysis, and others. Thus, the competitors gain a competitive edge over other market players by understanding the growth dynamics, market snapshot, and scope of product innovations. Mentioned are the key industry players functioning in the current market circumstances–

• Sony Corporation
• Samsung Electronics Co. Ltd.
• Canon
• Hamamatsu Photonics K.K
• Panasonic Corporation
• ON Semiconductor Corporation
• STMicroelectronics N.V.
• SK Hynix
• PixArt Imaging
• Pixelplus
• GalaxyCore Shanghai Ltd. Corporation
• PMD Technologies AG
• AMS AG

Recent Developments:

• In June 2022, the South Korean multinational company, Samsung Electronics, launched a new image sensor named 200MP ISOCELL HP3 with the smallest 0.56-micrometer-pixels currently present in the industry. Additionally, the sensor is well-equipped with a Super QPD auto-focusing solution that comes with all the auto-focusing capabilities of the sensor\'s pixels.

• In September 2022, Canon USA Inc. introduced four specialized camcorders, namely the XA60, XA65, XA70, and XA75, along with the VIXIA HF G70 camcorder. This recent line-up of compact camcorders by Canon allows content creators to easily capture incredible 4K footage in several scenarios. The camcorders are powered with a DIGIC DV6 image processor which leverages the 1.0-inch type CMOS sensor and 1/2.3-inch type CMOS sensor.

• In July 2022, Sony Semiconductor Solutions Corporation (SSS) revealed that the company has intentions of releasing a product named IMX675. It is a 1/3-type CMOS image sensor with approximately 5.12 megapixels and is utilized for the production of security cameras. Additionally, the new sensor has the ability to influence dual-speed streaming technology to generate high pixel output in a captured image with a maximum rate of 40 frames per second (40 FPS).