Market Size of Global Image Sensor Industry for Security Application
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.83 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Image Sensor for Security Application Market Analysis
The global image sensor market for security is expected to grow at a CAGR of 8.83% over the forecast period (2022-2027). With the growing demand for high-definition image-capturing devices in security, CMOS Image Sensors (CIS) have seen rapid adoption, allowing for a faster shutter speed while still delivering high-quality photographs.
Government agencies and military forces have long employed high-speed imagery for better surveillance. The significant growth in the crime rates across the regions is also one of the primary factors contributing to the market growth rate.
The rapid penetration of multiple-CIS cameras, artificial intelligence (AI), and 3D sensing is improving the value of camera products. Access control, smart door locks, face payments, people counting, and anti-tailgating features have all benefited from security imaging. Smaller lithographic features are required on the processing and computing sides to provide appropriate calculation power at tolerable power consumption. The significant rise in product innovations are further set to boost the demand for image sensors in security applications.
For instance, Omnivison Technologies, Inc., a prominent manufacturer of advanced digital imaging technologies, has launched the OS02G10 security image sensor, which provides products for mainstream, high-volume security cameras that require 1080p resolution and exceptional low-light pixel performance. The OS02G10 contains a 2.8-micron pixel built on the OmniPixel 3-HS architecture, which features high quantum efficiency and an excellent signal-to-noise ratio for best-in-class low-light images. It boasts a 60% higher SNR1 and a 40% lower power consumption than OmniVision's previous-generation mainstream security sensor. This image sensor is made with 12" wafers, rather than the 8" wafers that are in short supply but are generally used for 2MP, 1080p sensors. This enables the firm to better ensure the efficiency of this resolution, which continues to be the most popular in the constantly developing market for consumer-grade IoT security cameras and low-end industrial and commercial surveillance systems.
With the disruption in the global supply chains due to COVID-19, the manufacturing sector has had a negative impact, which has subsequently impacted the consumer electronics and industrial sectors. The COVID-19 scenario had little impact on the CIS industry, and in some cases, such as security and computing, it even benefited. The COVID-19 pandemic has spurred demand for touchless access control solutions, such as 2.5D and 3D imaging systems, resulting in strong growth in smart buildings and even a growing interest in smart door locks in both commercial and consumer sectors.
