Image Sensors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)

The Image Sensors Market is Segmented by Type (CMOS, Ccd), End-user Industry (consumer Electronics​, Healthcare, Industrial​, Security and Surveillance​, Automotive & Transportation​, Aerospace & Defense​), And Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia Pacific), Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value in (USD) for all the Above Segments.

Image Sensors Market Snapshot

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Image Sensors Market Size
Study Period 2019-2029
Market Size (2024) USD 28.32 Billion
Market Size (2029) USD 42.08 Billion
CAGR (2024 - 2028) 8.24 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Image Sensors Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Image Sensors Market Analysis

The Image Sensors Market size is estimated at USD 28.32 billion in 2024, and is expected to reach USD 42.08 billion by 2029, growing at a CAGR of 8.24% during the forecast period (2024-2029).

The image sensors are used primarily in many imaging devices and digital cameras to enhance the image's quality of picturization and storage with its applications in industrial, media, medical, and consumer applications. ​Hence, the wide application area of image sensors drives their demand across various end-user verticals.

  • The integration of video surveillance in the automotive and transportation industry is one of the significant trends observed across various regions. For instance, to enhance security for the Canadian Public Transportation System, with the country having millions of daily traffic, the government has deployed a unified surveillance System with integrated cameras. This is further expected to surge the demand for image sensors.
  • In recent years, the smartphone has become the primary camera device in consumer electronics, dominating still cameras and DSLRs. Due to the growing demand for smartphones, the image sensors market is expected to record a high growth rate during the forecast period. Manufacturers worldwide have been striving to improve major parameters, such as resolution, performance, and pixel size, which are also driving innovations in the image sensors market. For example, Samsung has recently introduced its latest 200-megapixel (MP) image sensor for its flagship series of smartphones. Samsung's new ISOCELL HP2 image sensors feature improved pixel technology and full-well capacity for high-quality mobile images.
  • The growing popularity of innovative consumer electronic devices, such as smartwatches, AR/VR headsets, etc., is driving the demand for image sensors. For instance, according to the Consumer Technology Association (CTA), the sales revenue of wearables in the United States is anticipated to reach USD 13.8 million in 2023.
  • Also, the companies are recognized for their product innovation in the studied market, which is encouraging them to launch new image sensors with innovative features. For instance, in January 2023, ams OSRAM extended its Mira family of high-sensitivity, global shutter CMOS image sensors with the introduction of the 2.3mm x 2.8mm, 0.5Mpixel Mira050, a highly sensitive sensor that enables engineering designers to save power and space in wearable and mobile devices. Its sensitivity to both visible and near-infrared (NIR) light makes Mira050 suitable for applications such as eye tracking, contextual awareness in AR/VR/MR headsets, gesture tracking, 3D depth sensing for face recognition in smart door locks, and object detection in robots.
  • However, with the miniaturization trend prevailing in the sensor and electronic device industry, the design and manufacturing complexity in the studied market continues to grow significantly, which continues to challenge the studied market's growth. Additionally, the high cost of quality image sensors also continues to remain a major pain point for users, especially in the lower and mid-range device/equipment segment.
  • The impact of macroeconomic factors is also a challenging factor for the studied market's growth as the economic condition of consumers largely impacts their buying capability of consumer electronic products. For instance, owing to the recent economic slowdown, the consumer electronics industry in the United States has also been witnessing a slowdown, with consumer technology retail revenue taking a dip to reach USD 485 billion in 2023, compared to USD 505 billion in 2022.

Image Sensors Market Trends

CMOS Image Sensor to Witnesses a Significant Growth

  • CMOS image sensor technology, with several vendors marking their presence, is sustaining its vigorous shift into low-cost camera designs. Although often compared to CCD (charge-coupled device) sensors with superior image quality in a similar price range, CMOS sensors are establishing a strong foothold at the low-cost end of the consumer device market by offering more functions on-chip for simplified camera design.​
  • Consumer electronics, security, automotive, and surveillance are all growing markets for image sensors utilizing CMOS technology. Over the years, the rise of the consumer electronics sector has been spurred by the growing popularity of smartphones with built-in cameras. Hence, the growing adoption of smartphones is aiding this growth. For instance, according to Ericsson, global smartphone subscriptions are anticipated to reach 7,740 million by 2028, 
  • The expansion of the automotive applications of CMOS image sensors is spurred by the advancements in driver safety with the help of ADAS and the innovation of self-driving automobiles. With government and automotive industry regulatory authorities mandating the adoption of ADAS and other automotive security solutions, the demand for CMOS image sensors is anticipated to grow in the automotive domain during the forecast period.
  • Furthermore, the capacity of CMOS image sensors to work in different lighting conditions, including darkness, dim light, and low light, has also raised the use of CMOS image sensors for security applications, bolstering the CMOS image sensor market for security and surveillance. Hence, the growing penetration of smart security and surveillance solutions will continue to drive the studied market's growth during the forecast period.
Global Image Sensors Market

Asia-Pacific to Witness Significant Market Growth

  • Over the years, the demand for image sensors has gained significant traction in the Asia Pacific region, owing to the remarkable growth of the automotive and consumer electronics industry. Due to the continued uptake of image sensors for automotive applications and applications in smartphones and other consumer electronic devices, the Asia Pacific image sensors market is anticipated to expand significantly over the projected period. 
  • China is also showing significant growth in image sensor production owing to the emergence of several image sensor manufacturers in the country who are majorly focusing on inventing new products to strengthen their market positions. For instance, in April 2023, Gpixel introduced the GL3516 16K resolution line scan CMOS image sensor with 3.5 um pixels, producing an image diagonal of 57.3 mm and a line rate of 120 kHz. With features that make it perfect for industrial inspection applications requiring high-speed scanning and 16K resolution, such as lithium battery testing, flat panel inspection, PCB inspection, label inspection, and railway inspection, the GL3516 is pin and footprint compatible with Gpixel's current GL7008 8K line scan sensor.
  • Moreover, India is one of the largest and fastest-growing economies in the region; the growing purchasing power and the rising penetration of digital technologies are expected to drive the market for electronic goods in the country. Furthermore, the country is also seeing growth in smart cities due to government initiatives. 
  • Over the past few decades, the industrial sector in India has also witnessed remarkable growth, especially in countries such as China, Japan, etc. With trends such as "Industry 4.0," which governs a higher adoption of advanced solutions such as automation and robotics, the demand for image sensors is also growing. For instance, according to IFR, recently, China overtook the United States in terms of the adoption of industrial robots.
Image Sensors Market - Market CAGR (%), By Region, Global

Image Sensors Industry Competitive Landscape

The Image Sensors Market is fragmented in nature due to the presence of several local and global players, which also makes the competitive rivalry intense. Levels of market penetration are not massive for any of the prevailing players in the market. Due to the high market growth rate, it is a significant investment opportunity; therefore, new entrants are entering the market.​ Key players are Canon Inc.​, Samsung Electronics Co. Ltd.​, Omnivision Technologies Inc., Sk Hynix, etc.

  • March 2023 - Panasonic Holdings Corporation announced the development of an Organic Photoconductive Film (OPF) CMOS Image Sensor Technology that can achieve excellent color reproducibility under various light source irradiation. According to the company, the new technology separates the OPF part that performs photoelectric conversion from the circuit part. Allowing it to reduce color crosstalk and obtain excellent spectral characteristics.
  • January 2023 - Teledyne e2v, a part of Teledyne Technologies, released its Hydra3D+, a new Time-of-Flight (ToF) CMOS image sensor that incorporates 832 x 600-pixel resolution, making it tailored for versatile 3D detection and measurement. Furthermore, its ability to effectively handle a wide range of reflectivity and manage lighting power makes it ideal for mid/long-range distances and outdoor applications such as surveillance, automated guided vehicles, ITS, and building construction.

Image Sensors Market Major Players

  1. Canon Inc. ​

  2. Omnivision Technologies Inc.

  3. Panasonic Corporation

  4. Samsung Electronics Co. Ltd.​

  5. SK Hynix Inc.

*Disclaimer: Major Players sorted in no particular order

Image Sensors Market : Market Concentration
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Image Sensors Market Recent Developments

  • March 2023 - Onsemi announced the launch of the AR0822, a new, innovative image sensor featuring embedded High Dynamic Range (eHDR) and optimized near-infrared (NIR) response that is necessary for applications with harsh lighting conditions, such as body camera, security, and surveillance, doorbell cameras, and robotics. According to the company, the sensor’s Wake-on-Motion features and low-power architecture are designed to reduce system power significantly.
  • Januray 2023 - Canon Inc. has announced that the company has developed a 1.0-inch, back-illuminated stacked CMOS sensor for monitoring applications that achieves an effective pixel count of approximately 12.6 million pixels (4,152 x 3,024), and the new sensor divides the image into 736 areas and automatically determines the best exposure settings for each area.

Image Sensors Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitutes

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Assessment on the Impact of COVID-19 on the market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Demand in Automotive Sector

      2. 5.1.2 Demand for Gesture Recognition/Control in Vertical Applications

    2. 5.2 Market Challenges

      1. 5.2.1 Diminishing CCD technology market would pose a challenge to OEMs​

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 CMOS

      2. 6.1.2 CCD

    2. 6.2 By End-user Industry

      1. 6.2.1 Consumer Electronics

      2. 6.2.2 Healthcare

      3. 6.2.3 Industrial

      4. 6.2.4 Security and Surveillance

      5. 6.2.5 Automotive and Transportation

      6. 6.2.6 Aerospace and Defense

      7. 6.2.7 Other End-user Industries

    3. 6.3 By Geography

      1. 6.3.1 North America

        1. 6.3.1.1 United States

        2. 6.3.1.2 Canada

      2. 6.3.2 Europe

        1. 6.3.2.1 United Kingdom

        2. 6.3.2.2 Germany

        3. 6.3.2.3 France

        4. 6.3.2.4 Rest of Europe

      3. 6.3.3 Asia-Pacific

        1. 6.3.3.1 China

        2. 6.3.3.2 India

        3. 6.3.3.3 Japan

        4. 6.3.3.4 Rest of Asia-Pacific

      4. 6.3.4 Rest of the World

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles*

      1. 7.1.1 Canon Inc.

      2. 7.1.2 Ams AG

      3. 7.1.3 Omnivision Technologies Inc.

      4. 7.1.4 Panasonic Corporation

      5. 7.1.5 Samsung Electronics Co. Ltd

      6. 7.1.6 Sony Corporation

      7. 7.1.7 STMicroelectronics NV

      8. 7.1.8 Teledyne DALSA Inc.

      9. 7.1.9 SK Hynix Inc.

      10. 7.1.10 GalaxyCore Inc.

      11. 7.1.11 Hamamatsu Photonics K.K.

  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Image Sensors Industry Segmentation

The image sensor is a device that detects and conveys information used to make an image by converting the variable attenuation of the light waves into the signals that give the information.

​The image sensors market is segmented by type (CMOS, CCD), end-user industry (consumer electronics​, healthcare, industrial​, security and surveillance​, automotive & transportation​, aerospace & defense​), and geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia Pacific), Rest of the World). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.

By Type
CMOS
CCD
By End-user Industry
Consumer Electronics
Healthcare
Industrial
Security and Surveillance
Automotive and Transportation
Aerospace and Defense
Other End-user Industries
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
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Image Sensors Market Research Faqs

The Image Sensors Market size is expected to reach USD 28.32 billion in 2024 and grow at a CAGR of 8.24% to reach USD 42.08 billion by 2029.

In 2024, the Image Sensors Market size is expected to reach USD 28.32 billion.

Canon Inc. ​, Omnivision Technologies Inc., Panasonic Corporation, Samsung Electronics Co. Ltd.​ and SK Hynix Inc. are the major companies operating in the Image Sensors Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Image Sensors Market.

In 2023, the Image Sensors Market size was estimated at USD 25.99 billion. The report covers the Image Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Image Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Image Sensors Industry Report

Statistics for the 2024 Image Sensor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Image Sensor analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Image Sensors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)