Image Sensor Market

GMI Research analysis indicates that the Image Sensor Market estimated at USD 22.1 billion in 2021 and is slated to register a single digit CAGR 8.3% over the forecast period, and is projected to reach USD 41.8 billion in 2029.

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Key Drivers

Rise in sales of smartphones and tablets, coupled with the increase in incorporation of high-resolution cameras equipped with image sensors in these mobile devices are the prominent factors augmenting the growth of the image sensor market. Moreover, growing demand of image sensors to improve medical imaging solutions, increasing penetration of image sensors in automobiles, use of advanced driver assistant systems (ADAS) technology in the automotive industry, and development of machine vision in robotics fields and industrial automation are some other factors that are boosting the growth of the market. Furthermore, rising adoption of cameras in several fields including artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and driverless autonomous cars is projected to provide new growth opportunities to the image sensor market.  However, high manufacturing costs of large chip image sensors and easy availability of LiDAR solutions for autonomous vehicles are certain factors that are expected to restraint the growth of the market.

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Processing Technique – Segment Analysis

Based on processing technique, the market is segmented into 2D image sensors and 3D image sensors. The 3D image sensors segment is anticipated to grow at a higher CAGR during the forecast period owing to their depth-sensing ability and increased utilization of 3D image sensors in several applications including 3D sensing, augmented reality, virtual reality, autonomous vehicles, and simultaneous localization and mapping (SLAM) and other applications.

Spectrum – Segment Analysis

Based on spectrum, the market is segmented into visible and non-visible. The visible spectrum segment is anticipated to dominate the market over the forecast period. This can be attributed to the increasing adoption of image sensors in consumer electronics including smartphones, tablets, and laptops among other devices.

Array Type – Segment Analysis

Based on array type, the market is segmented into linear image sensor and area image sensor. The linear image sensor segment is expected to grow at a faster CAGR owing to their increasing use for various applications such as copier scanning components, line scan cameras, grain colour sorter, image scanners, barcode readers, and bank note recognition systems

Resolution – Segment Analysis

Based on resolution, the market is segmented into VGA, 1.3 MP to 3MP, 5 MP to 10 MP, 12 MP to 16 MP, and more than 16 MP. 12 MP to 16 MP segment is projected to lead the market over the forecast period primarily due to the rising demand for these image sensors in consumer electronics and automotive end user verticals.

End User – Segment Analysis

Based on end user, the market is segmented into aerospace, defence, and homeland security, automotive, consumer electronics, medical and life sciences, commercial. The medical and life sciences segment is expected to grow higher CAGR during the forecast period owing to their growing adoption in endoscopy imaging solutions for minimally invasive diagnostic and therapeutic procedures. Additionally, advantageous feature of image sensors that includes large pixel sizes, high pixel counts, and high sensitivity, compact design with low power requirements are further expected to boost the demand of image sensors in advance medical imaging over the forecast period.

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Regional – Segment Analysis

Based on the region, Asia-Pacific region is anticipated to dominate the image sensor market during the forecast period. This is primarily due to the growing economies including China, Japan, India, and South Korea in the region, coupled with the increasing demand of handheld imaging devices including smartphones, digital cameras, and tablets. North America is projected to account for grow at a higher CAGR in the image sensor market owing to the increasing investment the in healthcare and consumer electronic sectors in the region. Moreover, rapid economic development, increased standard of living, and the growing demand of autonomous vehicles are further supporting the market growth in the region.

Top Market Players

Various notable players operating in the global Image Sensor market include Sony Corporation, Samsung Electronics Co., Ltd., OmniVision Technologies, Inc., STMicroelectronics N.V., Semiconductor Components Industries, LLC, Panasonic Corporation, Canon Inc., SK hynix Inc., PixArt Imaging Inc., and Hamamatsu Photonics K.K. among other companies. 

Key Developments:

• • In 2020, OmniVision Technologies, Inc., one of the leading developers of advanced digital imaging solutions, launched the OX03C10 ASIL-C automotive image sensor that combines a large 3.0 micron pixel size with a high dynamic range (HDR) of 140dB with LED flicker mitigation (LFM) performance for viewing applications with minimized motion artifacts.
  • In2020, Sony Corporation launched two models of intelligent vision sensors, namely IMX500 and IMX501. These image sensors are equipped with AI processing functionality that can be used for a diverse range of applications in the retail and industrial equipment industries.

Segments covered in the Report:

The global Image Sensor market has been segmented on the technology, processing technique, spectrum, array type, resolution, end-user, and region. On the basis of technology, the market is segmented into CMOS image sensors, CCD image sensors, and others. Based on processing technique, the market is segmented into 2D image sensors and 3D image sensors. Based on spectrum, the market is segmented into visible and non-visible. Based on array type, the market is segmented into linear image sensor and area image sensor. Based on resolution, the market is segmented into VGA, 1.3 MP to 3MP, 5 MP to 10 MP, 12 MP TO 16 MP, and more than 16 MP. Based on end user, the market is segmented into aerospace, defence, and homeland security, automotive, consumer electronics, medical and life sciences, commercial.

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Key questions answered in this research report:

• • At what pace is global Image Sensor market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Image Sensor market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Image Sensor market?
  • Which technology generated maximum revenues in 2021 and identify the most promising technology during the forecast period?
  • What are the various end-users of global Image Sensor market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 22.1 Billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Technology, By Processing Technique, By Spectrum, By Array Type, By Resolution, By End-User, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Sony Corporation, Samsung Electronics Co., Ltd., OmniVision Technologies, Inc., STMicroelectronics N.V., Semiconductor Components Industries, LLC, Panasonic Corporation, Canon Inc., SK hynix Inc., PixArt Imaging Inc., and Hamamatsu Photonics K.K. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Image Sensors Market by Technology

• • CMOS Image Sensors
  • CCD Image Sensors
  • Others

Global Image Sensors Market by Processing Technique

• • 2D Image Sensors
  • 3D Image Sensors

Global Image Sensor Market by Spectrum

• • Visible Spectrum
  • Non-Visible Spectrum

Global Image Sensor Market by Array Type

• • Linear Image Sensor
  • Area Image Sensor

Global Image Sensor Market by Resolution

• • VGA
  • 3 MP to 3MP
  • 5 MP to 10 MP
  • 12 MP TO 16 MP
  • More Than 16 MP

Global Image Sensor Market by End User

• • Aerospace, Defence, and Homeland Security
  • Automotive
  • Consumer Electronics
  • Medical and Life Sciences
  • Commercial

Global Image Sensor Market by Region

• • North America Image Sensor Market (Option 1: As a part of the free 25% customization)
    • By Technology
    • By Processing Technique
    • By Spectrum
    • By Array Type
    • By Resolution
    • By End User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Image Sensor Market (Option 2: As a part of the free 25% customization)
    • By Technology
    • By Processing Technique
    • By Spectrum
    • By Array Type
    • By Resolution
    • By End User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Image Sensor Market (Option 3: As a part of the free 25% customization)
    • By Technology
    • By Processing Technique
    • By Spectrum
    • By Array Type
    • By Resolution
    • By End User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Image Sensor Market (Option 4: As a part of the free 25% customization)
    • By Technology
    • By Processing Technique
    • By Spectrum
    • By Array Type
    • By Resolution
    • By End User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Image Sensor Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sony Corporation
  • Samsung Electronics Co., Ltd.
  • OmniVision Technologies, Inc.
  • STMicroelectronics N.V.
  • Semiconductor Components Industries, LLC 
  • Panasonic Corporation
  • Canon Inc.  
  • SK hynix Inc.
  • PixArt Imaging Inc.
  • Hamamatsu Photonics K.K.