Low-Light Imaging Market by Technology (CCD, and CMOS), Application (Photography, Monitoring, Inspection & Detection, and Security & Surveillance), Vertical (Consumer Electronics, Automotive), and Geography - Global Forecast to 2024
The low-light imaging market is expected to be valued at USD 10.0 billion in 2019 and is likely to reach USD 18.4 billion by 2024, at a CAGR of 12.8% during the forecast period. Increasing penetration of low-light image sensors in smartphones is among the key driving factors for the low light imaging market. Besides rising demand for advanced driver-assistance systems (ADAS) and endoscopic devices and increasing penetration of low-light imaging sensors in these systems are among the other factors having a positive impact on the growth of the market.
By technology, CMOS segment to account for the largest market share during the forecast period
The low-light imaging market, by technology, is segmented into CCD and CMOS technologies. The CMOS technology-based market is expected to dominate during the forecast period. The commanding position of the CMOS technology segment can be attributed to its advantages over CCD technology-based image sensors. Small size, low power consumption, easy integration, faster frame rate, and lower manufacturing cost are among a few of the critical advantages of CMOS low-light image sensors over CCD low-light image sensors.
By application, monitoring, inspection & detection segment to grow at highest CAGR during the forecast period
The market for monitoring, inspection & detection application is expected to witness significant growth during the forecast period. Automotive and medical and life sciences are the major verticals wherein low-light imaging cameras are used for monitoring, inspection & detection applications. Rising demand for low-light imaging cameras from the automotive vertical is one of the major factors accelerating the growth of the low-light imaging market for this application segment.
APAC to account for the largest market share during the forecast period
APAC is expected to account for the largest share of the low-light imaging market during the forecast period due to significant growth. One of the primary reasons for the leading position of APAC is the high demand for low-light imaging devices from consumer electronics vertical due to the presence of manufacturing units of several leading mobile phone, PC tablet, and digital camera manufacturers.
Key Market Players
Key players in the low-light imaging market include Sony (Japan), Samsung Electronics (South Korea), ON Semiconductor (US), STMicroelectronics (Switzerland), OmniVision Technologies (US), Teledyne Technologies (US), and Panasonic (Japan). Sony is a well-known player in the market. The company has a strong product portfolio of several image sensors with low-light imaging capability. The company has strong research and development capabilities and is using it to strengthen its product portfolio further. For instance, in December 2018, the company announced the release of its 1/1.55 type, 5.4-megapixel IMX490 CMOS image sensor for automotive cameras. Sony also has a strong geographic presence, especially in the APAC region.
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Report Metric |
Details |
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Market size available for years |
2016–2024 |
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Base year considered |
2018 |
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Forecast period |
2019–2024 |
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Forecast units |
Value (USD) |
|
Segments covered |
Technology, Application, Vertical, and Region |
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Geographies covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
Sony (Japan), Samsung Electronics (South Korea), ON Semiconductor (US), STMicroelectronics (Switzerland), and OmniVision Technologies (US), among others (total 20 players are covered). |
This research report categorizes the low light imaging market based on technology, application, vertical, and region.
Low-Light Imaging Market, by Technology
- CMOS
- CCD
Low-Light Imaging Market, by Application
- Security & Surveillance
- Monitoring, Inspection & Detection
- Photography
Low-Light Imaging Market, by Vertical
- Consumer Electronics
- Automotive
- Medical & Life Sciences
- Military & Defense
- Industrial, Commercial, & Residential Infrastructure
Low-Light Imaging Market, by Geography
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, Italy, and Rest of Europe)
- APAC (China, Japan, India, and Rest of APAC)
- RoW (South America, and the Middle East and Africa)
Recent Developments
- In January 2019, OmniVision Technologies (US) announced the launch of OV02K, a new video-centric, 2.9-micron 1080p image sensor designed for smartphones. This product is built on OmniVision’s PureCelPlus pixel technology and allows the secondary camera in multi-camera configurations to capture high-quality videos, even in low ambient light conditions.
- In January 2019, Samsung Electronics (South Korea) introduced ISOCELL Slim 3T2, a new ultra-slim 20Mp ISOCELL image sensor for full-screen display. This sensor is compact (1/3.4 inches) and delivers 20-megapixel (Mp) resolution for both front and back cameras in today’s sleekest mid-range smartphones.
- In May 2018, ON Semiconductor (US) expanded their manufacturing facility in Rochester, New York. The site develops and manufactures image sensor devices for commercial, industrial and professional imaging applications, including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. The expanded facility supports wafer fab, wafer probe, assembly, and test and packaging operations for specialized high-performance CCD and CMOS image sensors.
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the emerging applications of low-light imaging devices?
- How are advancements in consumer electronics and other industries influencing the low light imaging market?
- Which technology type low-light imaging devices is expected to penetrate significantly in the low light imaging market?
- Which countries are expected to witness significant growth in the market?
Frequently Asked Questions (FAQ):
Which vertical is expected to witness highest growth in the low light imaging market in the next 5 years?
The automotive vertical is expected to witness the highest growth rate in the low light imaging market during the forecast period. Rising demand for ADAS is one of the main factors boosting the growth of the low light imaging market for automotive vertical.
Which is the key application of low light imaging technology based products?
The key application of low light imaging technology based products is photography. The high demand for low light imaging sensors from the consumer electronics vertical, especially for smartphones, has resulted in the leading position of photography application in the low light imaging market.
Which are the major companies in the low light imaging market? What are their major strategies to strengthen their market presence?
Sony (Japan), Samsung Electronics (South Korea), ON Semiconductor (US), STMicroelectronics (Switzerland), and OmniVision Technologies (US) are among the key players operating in the low light imaging market. The product launch strategy is one of the major strategies adopted by these players to grow in the low light imaging market.
Which technology based low light image sensors will be widely used in the low light imaging market?
Among the CCD and CMOS technologies, the CMOS technology based low light image sensors are currently widely used in the low light imaging market and the same trend is expected to continue in the near future. Small size, low power consumption, easy integration, faster frame rate, and low manufacturing cost are among the key critical advantages of CMOS low light image sensors over CCD low light image sensors.
Which region is expected to witness significant demand for low light imaging devices in the coming years?
APAC currently accounts for the largest share of the low light imaging market, and a similar trend is likely to be observed in the coming years. The consumer electronics industry is the major demand generator for low light imaging sensors and related solutions in this region.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for Research Study
2.4.1 Specific Factors Considered While Estimating and Forecasting Market Size
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 30)
4.1 Attractive Growth Opportunities in Low-Light Imaging Market
4.2 Market, By Technology
4.3 Market in APAC, By Country and Vertical
4.4 Market, By Application
4.5 Low-Light Imaging Market, By Country
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Penetration Rate of Low-Light Image Sensing Technology in Smartphones
5.2.1.2 Rising Deployment of Advanced Driver Assistance Systems
5.2.1.3 Growing Popularity of CMOS Low-Light Image Sensors
5.2.2 Restraints
5.2.2.1 Complex and Expensive Process to Produce Low-Light Imaging Technology-Based Cameras Offering High-Quality Images
5.2.3 Opportunities
5.2.3.1 Growing Penetration of CMOS Image Sensors for Endoscopy Applications
5.2.4 Challenges
5.2.4.1 Migrating From CCD to New-Generation CMOS Technology
5.2.4.2 Maintaining Leading Position in Intensely Competitive Market
5.3 Value Chain Analysis
6 Low-Light Imaging Market, By Technology (Page No. - 38)
6.1 Introduction
6.2 Complementary Metal–Oxide–Semiconductor (CMOS)
6.2.1 High Demand for Photography Application Boosting Growth of CMOS Low Light Imaging Market
6.3 Charge-Coupled Device (CCD)
6.3.1 Advantages of CMOS Over CCD Technology Results in Declining Demand for CCD Technology-Based Low-Light Imaging Devices
7 Low-Light Imaging Market, By Application (Page No. - 42)
7.1 Introduction
7.2 Photography
7.2.1 High Demand From Consumer Electronics Vertical Driving Growth of Market for Photography Applications
7.3 Monitoring, Inspection and Detection
7.3.1 Automotive as Well as Medical and Life Sciences Verticals Dominate Market for Monitoring, Inspection and Detection Applications
7.4 Security and Surveillance
7.4.1 Industrial, Commercial, and Residential Infrastructure is Largest Demand-Generating Vertical in Low-Light Imaging Market for Security and Surveillance Applications
8 Low-Light Imaging Market, By Vertical (Page No. - 46)
8.1 Introduction
8.2 Consumer Electronics
8.2.1 Smartphone Segment Dominates Market for Consumer Electronics Vertical
8.3 Automotive
8.3.1 Accelerated Adoption of Adas to Augment Demand for Low-Light Imaging Devices in Coming Years
8.4 Medical and Life Sciences
8.4.1 Medical Devices Such as Endoscopy Equipment and Catheters are Crucial Applications of Low-Light Image Sensors
8.5 Military & Defense
8.5.1 Security and Surveillance Application Dominates Low Light Imaging Market for Military & Defense Vertical
8.6 Industrial, Commercial, and Residential Infrastructure
8.6.1 Growing Concerns for Security Drives Market Growth
9 Geographic Analysis (Page No. - 53)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Automotive Industry to Boost the Growth of Market in the US
9.2.2 Canada
9.2.2.1 Focus on Improving Country’s Security Drives Market in Canada
9.2.3 Mexico
9.2.3.1 Mexico is Fastest-Growing Country in North American Market
9.3 Europe
9.3.1 UK
9.3.1.1 Industrial, Commercial, and Residential Infrastructure and Automotive Verticals are Accelerating the Low-Light Imaging Market Growth in UK
9.3.2 Germany
9.3.2.1 Automotive Vertical is Significant Contributor to Market in Germany
9.3.3 France
9.3.3.1 Industrial, Commercial, and Residential Infrastructure and Automotive Verticals Dominate Low-Light Imaging Market in France
9.3.4 Italy
9.3.4.1 Italy to Witness Significant Growth in Market in Europe
9.3.5 Rest of Europe
9.4 Asia Pacific (APAC)
9.4.1 China
9.4.1.1 Presence of Manufacturing Plants of Several Leading Consumer Electronics Companies Creates High Demand for Low-Light Imaging Devices in China
9.4.2 Japan
9.4.2.1 Rising Requirement for Adas is Expected to Drive Market Growth in Japan
9.4.3 India
9.4.3.1 Growing Number of Mobile Phone Manufacturers Setting Up Manufacturing Facilities in India is Boosting Growth of Market in India
9.4.4 Rest of APAC
9.5 Rest of the World
9.5.1 South America
9.5.1.1 Brazil is Key Country for Market in South America
9.5.2 Middle East and Africa
9.5.2.1 Significant Developments in Infrastructure, Automotive, and Industrial Sectors Boost Demand for Low-Light Imaging Devices in Middle East and Africa
10 Competitive Landscape (Page No. - 75)
10.1 Overview
10.2 Market Ranking Analysis: Low-Light Imaging Market
10.3 Competitive Leadership Mapping, 2018
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.4 Strength of Product Portfolio (20 Players)
10.5 Business Strategy Excellence (20 Players)
10.6 Competitive Situations and Trends
10.6.1 Product Launches and Developments
10.6.2 Expansions
10.6.3 Partnerships, Acquisitions, and Collaborations
11 Company Profiles (Page No. - 82)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 Key Players
11.1.1 Sony
11.1.2 Samsung Electronics
11.1.3 Omnivision Technologies
11.1.4 On Semiconductor
11.1.5 Panasonic
11.1.6 Stmicroelectronics
11.1.7 Teledyne Technologies
11.1.8 Pixart Imaging
11.1.9 Hamamatsu Photonics K.K.
11.1.10 Fairchild Imaging (Bae Systems Imaging Solutions)
11.2 Other Companies
11.2.1 Sharp
11.2.2 Photonis
11.2.3 AMS
11.2.4 Pixelplus
11.2.5 Galaxycore
11.2.6 Canon
11.2.7 Himax Technologies
11.2.8 Gigajot Technology
11.2.9 Light
11.2.10 Corephotonics
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 115)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (35 Tables)
Table 1 Low Light Imaging Market, in Terms of Value and Volume, 2016–2024
Table 2 Low Light Imaging Market, By Technology, 2016–2024 (USD Billion)
Table 3 Market, By Application, 2016–2024 (USD Billion)
Table 4 Market, By Vertical, 2016–2024 (USD Million)
Table 5 Market for Consumer Electronics Vertical, By Region, 2016–2024 (USD Million)
Table 6 Market for Automotive Vertical, By Region, 2016–2024 (USD Million)
Table 7 Market for Medical and Life Sciences Vertical, By Region, 2016–2024 (USD Million)
Table 8 Market for Military & Defense Vertical, By Region, 2016–2024 (USD Million)
Table 9 Market for Industrial, Commercial, and Residential Infrastructure Vertical, By Region, 2016–2024 (USD Million)
Table 10 Market, By Region, 2016–2024 (USD Million)
Table 11 Market in North America, By Country, 2016–2024 (USD Million)
Table 12 Market in North America, By Vertical, 2016–2024 (USD Million)
Table 13 Market in US, By Vertical, 2016–2024 (USD Million)
Table 14 Market in Canada, By Vertical, 2016–2024 (USD Million)
Table 15 Market in Mexico, By Vertical, 2016–2024 (USD Million)
Table 16 Market in Europe, By Country, 2016–2024 (USD Million)
Table 17 Market in Europe, By Vertical, 2016–2024 (USD Million)
Table 18 Market in UK, By Vertical, 2016–2024 (USD Million)
Table 19 Market in Germany, By Vertical, 2016–2024 (USD Million)
Table 20 Market in France, By Vertical, 2016–2024 (USD Million)
Table 21 Market in Italy, By Vertical, 2016–2024 (USD Million)
Table 22 Market in Rest of Europe, By Vertical, 2016–2024 (USD Million)
Table 23 Market in APAC, By Country, 2016–2024 (USD Million)
Table 24 Market in APAC, By Vertical, 2016–2024 (USD Million)
Table 25 Market in China, By Vertical, 2016–2024 (USD Million)
Table 26 Market in Japan, By Vertical, 2016–2024 (USD Million)
Table 27 Market in India, By Vertical, 2016–2024 (USD Million)
Table 28 Market in Rest of APAC, By Vertical, 2016–2024 (USD Million)
Table 29 Market in RoW, By Region, 2016–2024 (USD Million)
Table 30 Market in RoW, By Vertical, 2016–2024 (USD Million)
Table 31 Market in South America, By Vertical, 2016–2024 (USD Million)
Table 32 Market in Middle East and Africa, By Vertical, 2016–2024 (USD Million)
Table 33 Product Launches and Developments, 2018–2019
Table 34 Expansions, 2017–2018
Table 35 Partnerships, Acquisitions, and Collaborations, 2017–2019
List of Figures (40 Figures)
Figure 1 Low-Light Imaging Market Segmentation
Figure 2 Process Flow: Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Market: Bottom-Up Approach
Figure 5 Market: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Market, 2016–2024 (USD Billion)
Figure 8 CMOS Technology to Account for Larger Market Size By 2024
Figure 9 Photography Application to Hold Largest Size of Market By 2024
Figure 10 Consumer Electronics Vertical to Account for Largest Market Size in 2024
Figure 11 APAC Captured Largest Share of Market in 2018
Figure 12 Increasing Adoption of Low-Light Image Sensors in APAC Driving Market Growth
Figure 13 CMOS Technology-Based Market to Witness Highest CAGR During Forecast Period
Figure 14 China and Consumer Electronics to Hold Largest Share of Market in APAC, Based on Country and Vertical, Respectively, in 2024
Figure 15 Monitoring, Inspection and Detection Application to Exhibit Highest CAGR in Market During 2019–2024
Figure 16 China to Hold Largest Share of Market in 2019
Figure 17 Market: Drivers, Restraints, Opportunities, and Threats
Figure 18 Global Smartphone Shipments, 2014–2017 (Million Units)
Figure 19 Value Chain Analysis: Major Value is Added During Manufacturing and Assembly Phase
Figure 20 Market, By Technology
Figure 21 CMOS Technology to Continue to Dominate Market During 2019–2024
Figure 22 Market, By Application
Figure 23 Market for Monitoring, Inspection and Detection Application to Grow at Highest CAGR During Forecast Period
Figure 24 Market, By Vertical
Figure 25 Consumer Electronics Vertical to Hold Largest Size of Market By 2024
Figure 26 APAC to Exhibit Highest CAGR in Market for Medical and Life Sciences Vertical During 2019–2024
Figure 27 Market in Germany to Witness Highest CAGR During Forecast Period
Figure 28 Snapshot of Market in North America
Figure 29 Snapshot of Market in Europe
Figure 30 Snapshot of Market in Asia Pacific
Figure 31 Market Ranking of Key Players in Market, 2018
Figure 32 Market (Global) Competitive Leadership Mapping, 2018
Figure 33 Sony: Company Snapshot
Figure 34 Samsung Electronics: Company Snapshot
Figure 35 On Semiconductor: Company Snapshot
Figure 36 Panasonic: Company Snapshot
Figure 37 Stmicroelectronics: Company Snapshot
Figure 38 Teledyne Technologies: Company Snapshot
Figure 39 Pixart Imaging: Company Snapshot
Figure 40 Hamamatsu Photonics K.K.: Company Snapshot
The study involved four major activities in estimating the current size for low-light imaging market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include image sensor journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the low-light imaging market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as verify and validate the critical numbers arrived at.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the low-light imaging market and other dependent submarkets listed in this report.
- Key players in the industry and markets have been identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data have been triangulated by studying various factors and trends identified from both demand and supply sides in consumer electronics, automotive, medical and life sciences, infrastructure, and military & defense verticals.
Report Objectives
The following are the major objectives of the study.
- To describe and forecast the low-light imaging market, in terms of value, by technology, application, and vertical
- To describe and forecast the lowlight imaging market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges that influence the market growth
- To provide a comprehensive overview of the low-light imaging value chain
- To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
- To profile key players and comprehensively analyze their ranking based on their revenues and core competencies, along with detailing the competitive landscape for market leaders
- To analyze competitive developments such as expansions, collaborations, partnerships, mergers and acquisitions, product developments, and research and development (R&D) in the low-light imaging market
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Growth opportunities and latent adjacency in Low-Light Imaging Market