Global Image Sensors Market (Size of $9,700 Million in 2014) to Witness 9% CAGR During 2015 – 2020 (PR Newswire)

NEW YORK, August 3, 2015 /PRNewswire/ —

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Global Industry Insight: Image Sensors Market Development and Demand Forecast To 2020

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The global image sensors market was valued at $9,700.1 million in 2014, and it is expected to grow at a CAGR of 8.8% during 2015 to 2020, to reach $16,100.6 million by 2020. The global image sensors market is driven by the growing market of smartphones, tablets, personal computers (PCs), and automotive industry. With rise in sales of camera enabled mobile phones and improvements in design and fabrication of CMOS imaging technology, image sensors market is expected to flourish during the forecast period. Developing countries, such as China, Japan and India, offer ample opportunities to the image sensors market. Large number of manufacturers and suppliers of electronics products (such as smartphones, digital still camera tablet and PC) in China, Japan and Taiwan are accelerating growth of the image sensors market in Asia-Pacific region.

The image sensors application areas include mobile phones, digital still camera, security and surveillance, tablets PC, PC camera, medical imaging, automotive and others. The mobile phones accounted for the largest revenue of image sensors in 2014. The image sensor is expected to witness rapid development and mainstream acceptance in biomedical applications, such as X-ray, disposable endoscopes, computerized axial tomography (CT scan), diagnostic sonography and others. Increasing demand for medical imaging treatment, owing to the aging population of western countries and increasing lifestyle diseases, is likely to lead the expansion of image sensors market in medical imaging applications.

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Based on technology, the global image sensors market has been classified into CMOS and CCD. CMOS was more dominant technology in the image sensors market as compared to CCD image sensors during the year 2011-2014. CMOS is expected to witness a CAGR of 9.8% during 2015 – 2020. Further based on array type, the image sensors market has been categorized as area image sensors and linear image sensors; where liner image sensors I expected to witness higher CAGR of 12% during 2015 – 2020.

Asia-Pacific region is emerging as a promising market for image sensors. With the transition from analog to digital systems gaining pace, the region is gradually admiring the image sensors market. The major driving factors of the image sensors market in Asia-Pacific is increasing expenditure on consumer electronics products and presence of various consumer electronics related industries. Defense and aerospace is also expected to be a significant revenue generating segment. The increasing expenses on defense and security in developing countries has increased the application of image sensors in various defense equipment such as under water detection devices, infrared cameras, and surveillance cameras. Growing need for enhanced safety and security solutions, better alternative for conventional technology and rise in image sensing technology are expected to be major factors driving the image sensors market in Asia-Pacific.

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North America was the second largest market for the image sensors in 2014. Several designing and technological improvements in complementary metal-oxide semiconductor (CMOS) image sensors are increasing the demand of CMOS image sensors in the consumer electronics and automobiles industry in the region. The cost of imaging products are decreasing, as CMOS image sensors enable large-scale integration and provide all camera functions on a single chip. The function of CMOS image sensors eliminates the need for additional support-chip packaging and assembly.

The major companies operating in the market include Sony Corporation, Himax Imaging Inc, GalaxyCore Inc., SK Hynix Inc., STMicroelectronics N.V., OmniVision Technologies Inc., Samsung Semiconductor, Inc., ON Semiconductor Corporation, Toshiba Corporation and Canon Inc.

Image Sensors Market Segmentation 

Image Sensors Market by Application 

  • Mobile phones
  • Tablet PC
  • PC cameras
  • Digital still cameras (DSC)
  • Security and surveillance
  • Automotive
  • Medical imaging
  • Others

Image Sensors Market by Technology 

  • CMOS image sensors
  • FSI CMOS image sensors
  • BSI CMOS image sensors
  • CCD image sensors

Image Sensors Market by Operating System 

  • Visible spectrum
  • Invisible spectrum

Image Sensors Market by Array Type 

  • Linear image sensors
  • Area image sensors

Geographical Segmentation 

Image Sensors Market by Region 

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • Italy
    • The U.K.
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (ROW)

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