Image sensor Market is a modernized photosensitive electronic device that converts the emitted light signals to digital signals within the specified time. There are different sensors like charged coupled device (CCD) and metal-oxide-semiconductor (CMOS) advanced sensors, these are the most commonly used image sensors. These image sensors give a highly developed better image quality, modernized and dynamic range along with less noise, lesser or lower dark current, superior frame in affordable rate and extremely less power dissipation. Increase in combination of high-resolution cameras provide with image sensors in devices are among the factor driving the market rate significantly. 

Image Sensor Market Dynamics

Growth adoption of high-resolution cameras with image sensors in devices drives the market growth at a significant pace. Increasing use of cameras being used in various devices such as mobile phones and laptops or tablets in one of the key factors elevating the growth of the image sensors market. Presence of multiple cameras in a mobile phone unit gives us improved high dynamic range (HDR) resolution, optical zoom, along with the portrait mode, low – light photography and 3D imaging features. These features allow to obtain a good picture quality and therefore this feature is loved by every customer.  Growing prices of the manufacturing process is restraining the growth of the image sensors market. Increasing number of manufacturers in the industry is creating a scenario of competitions amongst the key players. This further has led to reduced product quality.

COVID-19 Impact on Image Sensor Market

The outbreak of coronavirus globally has severely knocked out the increasing pace of the image sensor market. Coronavirus has affected the entire supply chain. Temporary lockdown has a negative impact on the market and disgraced the morale of the major key players. This pandemic has affected almost every big company and small companies in the market. This further led to slow down in manufacturing of the image sensors which in turn becomes a challenge for market growth.

Image Sensor Market Segmental Overview

The report analyses the image sensor market based on a technology, processing technique, end user and by geography.

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Image Sensor Market by Technology

By technology, the global image sensor market is segmented into CMOS Image Sensors, CCD Image sensors and others. Image sensors CMOS provides image smaller than other images with high resolution quality. HDR images with wide FoV makes them perfect for mobile phones applications. 

Image Sensor Market by Processing Technique

The image sensor market by processing technique is classified into 3D image processing, 2D image processing. 3D imaging technique is expected to grow at a significant CAGR during the forecast period owing to rise in adoption of 3D image sensors in AR/VR automotive and 3D sensing applications.

Image Sensor Market by End User

The image sensor market by end user is classified into automotive, consumer electronics, healthcare, security surveillance and others. Growth in use of cameras along with image sensors in the mobile phones is the major reason driving the market growth. In the present scenario manufacturers are providing 3 or 4 cameras per unit. Rapid rise in consumer’s interest for photography is one of the essential factors for the growth of the image sensors market.

Image Sensor Market Key Players

Some of the major players operating in this market include Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), OmniVision Technologies, Inc. (US), SK hynix Inc. (South Korea), PixArt Imaging Inc. (Taiwan), Panasonic Corporation (Japan), STMicroelectronics (Switzerland), ON Semiconductor Corporation (US), Canon Inc. (Japan), and Hamamatsu Photonics K.K. (Japan).

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