Global Image sensor Market 2020: Industry Insights and Major Players

The global image sensor market was valued at USD 15,153.3 million in 2018 and is expected to reach USD xx million in 2026, growing at a CAGR of 10.2% during the forecast period.

The increasing implementation of dual cameras in smartphones and the innovations in the image sensors technology are accentuating the growth of the image sensor market. A major number of smartphones OEMs are offering dual camera-enabled smartphones phones. These cameras offer a high resolution and improved pixel sizes by using image sensors. Most of the dual camera-enabled tablets and smartphones use CMOS based image sensors due to their ability to consume very less power, better frame rate compared to CCD based image sensors. In recent times, smartphones with a dual-camera are started using costly backside-illuminated (BSI) CMOS due to less energy consumption. These factors are considered to drive the growth of the market for the coming years. Major manufacturers in the market are focusing on the development of innovative products for tablets and smartphones. These newly developed image sensors have helped to produce miniaturized smartphones that have high-resolution image sensors in the form of small chips.

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Key Findings:

• Based on technology, the Si process technology segment is expected to hold the dominating share and projected to grow at a significant CAGR during the forecast period
• Based on sensor type, the 3D image sensors segment holds a significant market share in 2018
• Based on light spectrum, the non-visible spectrum grows at a highest rate throughout the forecast period
• Based on end-use industry, automotive & transportation segment will grow at a significant rate during the forecast period
• Asia Pacific accounted for the largest share in the global image sensor market in 2018

Recent News:

• In October 2019, Sony Corporation has announced the launch of six different types of stacked CMOS based image sensors with back-illuminated pixel structure. These newly developed image sensors will be capable of high imaging performance of moving objects.
• In October 2019, Omnivision has launched the world’s smallest commercially available image sensor. This sensor has developed with the focus of medical imaging applications in endoscopy. These small-sized image sensors will help the miniaturization of medical imaging devices for the betterment of the healthcare industry.
• In September 2019, Samsung Corporation has introduced its 0.7μm pixel-sized mobile image sensor. This newly launched product was recognized as the industry’s first 0.7μm pixel-sized sensor with an image quality of 43.7Mp. This product will help to take sharper photographs and videos with the help of auto-focus technology.