The global CMOS Image Sensor market was valued at USD 20,725 Mn in 2020 and is projected to reach USD 39,624 Mn by 2028, expanding at a CAGR of 8.6% during the forecast period. CMOS image sensor, known as complementary metal-oxide-semiconductor image sensor, is a technology found in digital cameras with integrated electronic circuitry. It is responsible for converting incoming photon flux into digital signals. CMOS image sensors record the image captured. CMOS sensors are made of millions of pixel sensors and consist of a photo detector. These pixel sensors, along with the photo detector, enable the camera to record an image by giving information, which the camera subsequently converts into digital reading. These image sensors are available in a variety of sizes, including wafer size and sensor size. Each pixel on a CMOS image sensor includes both a photodiode and a CMOS transistor switch, enabling pixel signals to be amplified separately. Pixel signals are accessed consecutively and directly, at a faster rate than a CCD sensor, by activating the matrix of switches. Key advantage of having an amplifier for each pixel is that it lowers the noise that arises while reading electrical signals converted from recorded light.
Increasing incorporation of cameras in electronic devices such as tablets and smartphones is one of the key factors contributing to the growth of the market. The quality of images captured in smartphones is increasing, as manufacturers are focusing on development of image sensors with improved functionalities to maintain the slimness and usability of smartphones. Installation of multiple cameras in a single smartphone unit results in improved high-dynamic range, low light photography, and optical zoom, as well as 3D imaging features and portrait mode.
Increasing popularity of social networking applications contributes to the adoption of high resolution camera modules in consumer electronics such as digital cameras and smartphones. Manufacturers are incorporating high-quality camera lenses in consumer electronics. Canon offers a CMOS image sensor that offers an image resolution of around 120 megapixels. Increasing use of social networking applications is anticipated to reflect a positive impact on the growth of the market during the forecast period.
Adverse impact of the coronavirus is felt across the globe. The lockdown impeded the production of CMOS image sensors, due to shutting down of manufacturing units in 2020 and 2021. Slowdown of industries such as electronics and automobiles is anticipated to hamper the usage of CMOS image sensors. Additionally, the pandemic caused a lack of supply of raw materials. Opening up of manufacturing units by the fourth quarter of 2021, with essential precautions and compliance with government regulations, is expected to boost the production gradually in the near future.
Rising implementation of cameras in augmented reality (AR), artificial intelligence (AI), and virtual reality (VR) applications, as well as in driverless or autonomous cars, is expected to create new opportunities and drive revenue streams for players operating in the image sensor market. Over the years, surveillance cameras, smartphones, and other devices are leveraging AI to improve the quality of the pictures taken, thereby driving the market during the forecast period.
In terms of types, the global CMOS image sensor market is classified as front-illuminated sensor and backside-illuminated sensor segments. The front-illuminated sensor segment accounts for a considerable share of the global market; however, the backside-illuminated sensor segment is anticipated to grow significantly during the forecast period. Increasing demand for visual surveillance and intrusion detection in intelligent surveillance systems, aerial surveillance in war zones, and environmental surveillance by satellites in space monitoring is propelling the backside-illuminated sensor segment.
In terms of applications, the global CMOS image sensor market is divided into consumer electronics, healthcare, industrial, security and surveillance, automotive and transportation, aerospace and defense, and others. The consumer electronics segment is anticipated to hold a significant share of the global market. However, the automotive and transportation segment is anticipated to grow at a rapid pace during the forecast period. Digital photography and mobile photography perform well in low-light conditions, owing to the employment of CMOS image sensors. The characteristics of high accuracy and appropriate light fill factor increased the demand for CMOS in various consumer electronics applications, thus fostering the segment growth.
In terms of regions, the global CMOS Image Sensor market is segregated into North America, Europe, Latin America, and Middle East & Africa. North America accounts for a significant share of the market, followed by Europe. Various electronic products such as smartphones and wearable gadgets are expected to shift trends of consumers towards sensor-enabled electronics. The smartphone industry is anticipated to drive the market in the region. Europe accounted for significant growth with substantial CAGR. Growing safety issues in driving are expected to boost the demand for CMOS image sensors in the automotive industry. Significant growth in the region is registered, owing to the emergence of key players. Europe-based e2v technologies acquired Atmel's image sensor and camera group, increasing its scope across CCD and CMOS technology.
Key Segments Covered
Key Market Players Profiled in the Report
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers types of CMOS Image Sensor such as front-illuminated sensor and backside-illuminated sensor.
According to this Growth Market Reports report, the market from CMOS Image Sensor market is likely to register a CAGR of 8.6% during forecast period 2021-2028, with an anticipated valuation of USD 39,624 million by the end of the 2028.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Macro-economic factors, COVID-19 Impact on the CMOS Image Sensor Market is available in final report.
The CMOS Image Sensor market is anticipated to grow significantly during forecast period due to rising use of high-resolution cameras in electronic devices, increasing popularity of social media applications, and increased usage of image sensors in biometric applications.
The consumer electronics segment is anticipated to account for a key share of the market, owing to the increasing use in electronic devices.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness negative impact in terms of demand during 2019-2020 owing to the impact of COVID-19 pandemic on the CMOS Image Sensor market.
The base year considered for the global CMOS Image Sensor Market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years and the forecast is provided from 2021 to 2028.
Major Market players include STMicroelectronics NV, Sony Corporation, Samsung Electronics Co. Ltd, ON Semiconductor Corporation, Omnivision Technologies Inc.
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