| Status : Published | Published On : Sep, 2022 | Report Code : VRICT5003 | Industry : ICT & Media | Available Format :
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Page : 137 |
Global Image Sensors Market – Analysis and Forecast (2025–2030)
Industry Insights by Technology (Charge-Coupled Device [CCD], Complementary Metal-Oxide-Semiconductor, Others), by Processing Type (2D Image Sensors, 3D Image Sensors), by Spectrum (Visible Spectrum, Non-Visible Spectrum [X-Ray Light, Infrared Non-Visible Spectrum]), by Array Type (Area Image Sensor, Linear Image Sensor), by Vertical (Automotive, Commercial, Healthcare & Life Sciences, Consumer Electronics, Aerospace, Defense, Homeland Security, Industrial) and by Geography (North America, Europe, Asia-Pacific, Middle East, and Rest of the World)
Industry Overview
The global market for image sensors is expected to grow from USD 25.6 billion to USD 39.6 billion in 2030 at a CAGR of 10.5% during the forecast period ranging from 2025 to 2030.
Image sensors are extensively used in digital cameras, smartphones, medical devices and other imaging devices. The image sensors refer to a specific technology that typically changes optical images to electrical signals, which are then transformed into digital images using the imaging device. Actually, the sensors use CCD or CMOS technology to convert light energy into electrical signals to create a digital image. The image sensors capture the color, intensity, and other information of light and are then transformed into digital data for processing the image and facilitate visualization.
The growth of the global market for image sensors is typically attributed to the higher adoption primarily in the automotive industry, especially in the ADAS or Advanced Driver-Assistance Systems. It is also a consequence of higher smartphone penetration that drives the innovation and sales of image sensors. Higher adoption in the medical sector of advanced imaging and diagnostic tools, high-resolution cameras for better surveillance and security, and drones, wearable tech, smart home devices, and other consumer electronics drive the market growth.
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However, the market growth is somewhat restrained due to the growing need for digital still cameras and mobile phones which has created a notable shortage of picture sensors and lenses. In addition, the semiconductor business being extremely dynamic by nature poses significant obstacle to the growth of the image sensor market. Still growth opportunities are presented by the growth and development of CMOS technology in the forecast period mainly due to the compact design, higher operational efficiency and cost-effectiveness, lower energy consumption, and wide range of applicability. Also, the growth in CCD technology will offer growth opportunities to the market due to high-cost and higher energy consumption and applicability for an additional sensitivity of the electron-multiplying CCD.
Market Segmentation
Insight by Technology
The global market for image sensors is divided by technology into complementary metal-oxide-semiconductors, charge-coupled devices, and other segments. Out of them, the complementary metal-oxide-semiconductor category is expected to grow more due to low power consumption and compact size. The versatile nature, higher compatibility with existing manufacturing procedures, progress in technology to reduce noise and increase sensitivity, higher resolution that offers higher application in smartphones, automotive, surveillance, and medical imaging, and growing adoption of IoT technology in smart homes are the primary factors for the segment growth.
Insight by Processing Type
The global market for image sensors is also divided by processing type into 2D and 3D image sensors. Out of these two segments, the 2D segment will grow more due to widespread adoption in several industries for their capability to sense the incoming light plane and capturing high-resolution images and videos with greater speed and sensitivity. The 3D image sensors segment will also grow due to higher adoption of ADAS, machine vision, computer vision, and widespread use of AI in smartphones.
Insight by Spectrum
According to Spectrum, the global market for image sensors is divided into visible and non-visible spectrums, where the former will dominate the market due to their importance in applications that need vision like a human eye such as smartphones, digital cameras, automotive, and surveillance systems. The rise in demand for consumer electronics, safety concerns in automotive sector and driver assistance systems, and technological development will affect the market growth. The non-visible spectrum is also expected to grow due to higher applications of cameras that typically can function in the invisible spectrum. It is also attributed to the higher investments by the industry majors to extend their product line.
Insight by Array Type
The global market for image sensors is divided by their array type into area and linear array image sensors categories. Out of these two categories, the growth of the linear array image sensors segment is expected to be more during the forecast period due to growing adoption for scanning and photocopying documents and in industrial inspection systems primarily for their higher efficiency and accuracy.
Insight by Industry Verticals
Different industry verticals also divide the global market for image sensors into automotive, healthcare and life sciences, commercial, consumer electronics, industrial, aerospace, and defense and homeland security segments. Out of these segments, the consumer electronics sector will hold the largest market share due to development in CMOS technology and the rising demand for dual and secondary cameras in smartphones. It is also attributed to the growth in smartphones, digital cameras, and smart wearables that needs compact and high-resolution sensors for better quality image and videos.
Additionally, desktops and laptops, photography and videography, commercial drones, wearables, service robots, commercial copiers and scanners, smartphones and tablets, and home security are subcategories of the image sensors market, on the basis of consumer electronics applications.
In addition, the market is categorized into endoscopy, X-ray imaging, and others, based on healthcare and life sciences applications. Moreover, the market for image sensors for industrial use is further divided into three subgroups: machine vision, robotic vision, and industrial surveillance and monitoring.
Global Image Sensors Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. 25.6 Billion |
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Revenue Forecast in 2030 |
U.S.D. 39.6 Billion |
|
Growth Rate |
10.5% |
|
Segments Covered in the Report |
By Technology, By Processing Type, By Spectrum, By Array Type and By Vertical |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Industry Trends
The most significant trend in the industry is the advancements made in CMOS imaging technology. The changes in design are also noticeable, along with the enhancements made in the machine virtualization demonstration in terms of signal-to-noise ratio (SNR) intensities at higher speeds. There has also been a notable increase in the performance level and functionality of the CCD technology, apart from its cost-effectiveness.
Growth Drivers
The growing demand for dual and secondary cameras in tablets and smartphones is the primary reason for the growth of the global market for image sensors. It is also attributed to the miniaturization of devices and extensive adoption of CMOS-based technology in smartphones. The need for better imaging in the medical sector is also a significant factor that propels market growth. Other factors driving market growth include higher competition among the manufacturers, rise in consumer demand for high-resolution images, growing implementation of ADAS and other safety features in vehicles, and growing popularity of machine vision applications in industries. The market growth is also attributed to the growing need for devices with smaller pixels but producing high resolution images for added cost-effectiveness, technical developments and widespread usage of image across a wide range of applications and purposes, and the revolution of image sensors in the international market. There are also higher R&D investments which has resulted in development of sensing equipment that are now smaller, cheaper, more power-efficient, and beneficial to the users. Also, growth of smartphones segment, growing concerns over security and surveillance in public places, and growing terrorist attacks are the prime factors to increase the demand for better image sensors and propel the market growth as a result.
Challenges
High cost of production is one of the most significant hindrances to the growth of the global market for image sensors. In addition, the complexities in the technology and stiff competition among market players hinders the market growth. There are also some significant issues with the supply chain which affects the production and poses significant challenges to the market growth.
Opportunities
Novel opportunities for market growth are, however, offered by higher investment and support by the major industry players. In addition, rapid technological advancements result in development and launch of new products by the manufacturers. In addition, strategic collaborations, mergers and acquisitions among the industry players offers novel growth opportunities.
Geographic Overview
The North American market is expected to lead the market during the forecast period due to tech developments, growing adoption and usage of consumer electronics, growth of the automotive and healthcare sector, and the growing demand for better surveillance due to increasing security concerns.
The APAC market is expected to grow at a faster rate during the forecast period due to rapid industrialization, growing R&D activities, stricter safety directives, and a rising number of accident cases.
Global Image Sensors Market, By Region
As a result of numerous accident cases, an advanced driver assistance system (ADAS) is becoming increasingly necessary in the automotive industry. Thus, the integration of advanced image sensing capabilities is a key market driver and is further enhancing the growth of the image sensors market in this region.
Competitive Insights
Sony Europe's Image Sensing Solutions division designs, develops and manufactures an in-depth range of component cameras and image sensing products.
OmniVision Technologies Inc. is an American subsidiary of Chinese semiconductor device and mixed-signal integrated circuit design house Will Semiconductor.Through superior pixel design, semiconductor manufacturing processes and package development, OMNIVISION sensors enable customers to capture images.
Key Players Covered in the Report
Some of the major players in the global image sensors market include Sony Corporation, OmniVision Technologies Inc., Samsung Electronics Co. Ltd., Canon Inc., Panasonic Corporation, SK Hynix Inc., Toshiba Corporation, ON Semiconductor Corporation, STMicroelectronics N.V., and Hamamatsu Photonics K.K.
Recent developments by Key Players
Recently, to advance next-generation simulation of automotive image sensors, Ansys joined hands with Sony Semiconductor Solutions. This collaboration focusses on optimization and acceleration of the developments of camera features for autonomous vehicle (AV) and advanced driver assistance system (ADAS) applications which shall enable to speed up development and validation time with the help of virtual prototyping and testing for camera and system developers.
Triple-Layer High-Speed Stacked Image Sensor is the recently added patents by Canon. The patent is filed in Japan which is predominantly captivating because of its three layers. The patent describes the high-speed photoelectric conversion. Among these three layers, on the top is the semiconductor layer, a middle is the readout circuit layer and a bottom image signal processing layer which are based on the machine-translated text.
The global Sensors Market report offers a comprehensive market segmentation analysis along with the estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Technology
- Charge-Coupled Device (CCD)
- Complementary Metal-Oxide-Semiconductor
- Others
- By Processing Type
- 2D Image Sensors
- 3D Image Sensors
- By Spectrum
- Visible Spectrum
- Non-Visible Spectrum
- X-Ray Light
- Infrared Non-Visible Spectrum
- By Array Type
- Area Image Sensor
- Linear Image Sensor
- By Vertical
- Commercial
- Healthcare and Life Sciences
- Consumer Electronics
- Aerospace
- Defense
- Homeland Security
- Industrial
- Automotive
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
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Source: VynZ Research
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Image Sensors Market