Image Sensor Market Report, Latest Trends, Growth Analysis and Forecast 2018 – 2024

The global image sensors market size was valued at USD 13.6 billion in 2017, and is anticipated to grow at a CAGR of 10.3% during the forecast period (2018 – 2024). The major factors leading to the considerable growth in the image sensors market are large scale adoption of the technology by the automotive industry increasing demand for dual camera in smartphone and tablets along with miniaturization. The key trend observed in the market is the development and innovations in the CMOS imaging technology, fabrication and design. However,

Market Segmentation

1) Insight by Technology
Based on technology, the image sensors market is categorized into:
• Charge-Coupled Device (CCD)
• Complementary Metal-Oxide-Semiconductor
• Others

Of all, the complementary metal-oxide-semiconductor hold the largest share in the market. The key traction for complementary metal-oxide-semiconductor image sensors is due to the due to its features such as lower power consumption and decreased size of the system.

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2) Insight by Processing Type
On the basis of processing type, the market is segmented into:
• 2D Image Sensors
• 3D Image Sensors

Among these two segments, 3D image sensors segment is expected to witness higher growth at a CAGR of 11.7% during the forecast period. The primary factor leading to the faster growth of the segment is that these sensors find extensive application in machine vision, ADAS and computer vision. The utilization of artificial intelligence in smartphones is also anticipated to boast the growth of the 3D image sensors market.

3) Insight by Spectrum
Based on spectrum, the market is segmented into:
• Visible Spectrum
• Non-Visible Spectrum
o X-Ray Light
o Infrared Non-Visible Spectrum

Of both, the non-visible spectrum is expected to witness higher growth at a CAGR of 12.0% during the forecast period since the cameras that are capable of functioning in the invisible spectrum find increased applicability in security and surveillance. Moreover, increased investments from key players for this technology is anticipated to lead to the development of products with advanced features.

4) Insight by Array Type
On the basis of array type, the market is segmented into:
• Area Image Sensor
• Linear Image Sensor
Among the two segment, linear image sensors market will witness the higher growth in the coming years.

5) Insight by Vertical
On the basis of processing type, the market is segmented into:
• Automotive
• Commercial
• Healthcare and Life Sciences
• Consumer Electronics
• Aerospace
• Defense
• Homeland Security
• Industrial

Among all end users, consumer electronics account for the largest revenue in the global market. The increasing advancements in the CMOS technique has significantly impacted the dissemination of image sensors into smart devices, thus leading to the largest demand in consumer electronics. Also, extensive demand for camera with advanced features in smartphones is further strengthening the growth of image sensors market in consumer electronics across the globe.

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Industry Dynamics

1) Growth Drivers
Factors that have been acting as the driving factors for the growth of this industry are:

i. The increasing demand for dual camera with advanced technology
ii. Mounting adoption of miniaturization of electronic devices
iii. Advancements in CMOS technology
iv. Adoption in automotive industry
v.
2) Challenges

Key factors hindering the growth of the image sensors market are:
i. High cost of manufacturing
ii. Declining market for CCD technology

Geographic Overview

• North America — US, and Canada
• Europe — Germany, U.K., France, Italy, and Rest of Europe
• Asia Pacific —China, India, Australia, South Korea, and Rest of Asia-Pacific
• Rest of the World — Brazil, Mexico, and Others

Of all the different regions, Asia-Pacific account for the largest share of the image sensors market, globally. The key factors leading to the largest image sensors market size in Asia-Pacific are increasing research and development activities, increasing implementation of safety related directives in the automotive sector, and large consumer base. North America is the second largest market for image sensors due to the availability of advanced technology and developed infrastructure in consumer electronics sector.

Competitive Insight

The key players operating in the global image sensors market are: Sony Corporation, Samsung Electronics Co. Ltd., OmniVision Technologies Inc., Panasonic Corporation, Canon Inc., Toshiba Corporation, SK hynix Inc., STMicroelectronics N.V., ON Semiconductor Corporation and Hamamatsu Photonics K.K.

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