Image Sensor Market

Market Leadership - Image Sensor Market

The image sensor market is projected to grow from USD 18.5 billion in 2020 to USD 28.0 billion by 2025, at a CAGR of 8.6 % from 2020 to 2025. Major factors driving the growth of the image sensor market include increase in incorporation of high-resolution cameras equipped with image sensors in mobile devices, growth in adoption of image cameras for automotive applications, and rise in use of image sensors in improved medical imaging solutions

Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), OmniVision Technologies, Inc. (US), STMicroelectronics (Switzerland), ON Semiconductor Corporation (US), Panasonic Corporation (Japan), Canon Inc. (Japan), SK hynix Inc. (South Korea), PixArt Imaging Inc. (Taiwan), and Hamamatsu Photonics K.K. (Japan) are some of the key players in the image sensor market. These players have adopted various growth strategies, such as product launches and developments, partnerships, collaborations, expansions, acquisitions, and technology developments their presence in the image sensor market. Product launches and developments has been the most dominating strategy adopted by the key players from 2018 to 2020 to help them strengthen their product portfolio and broaden their customer base.

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Sony Corporation holds a significant position in the image sensor market and accounts for ~50% share of the market. The company has adopted a strategic mix of both organic and inorganic growth strategies to enhance its position in the market. For instance, in May 2020, Sony partnered with Microsoft Corporation to integrate Azure AI capabilities of Microsoft with the intelligent vision sensors, IMX500 of Sony used in smart cameras and video analytic solutions. In June 2019, the company acquired Mido Holdings Ltd. (Japan) to integrate the network virtualization technology of Mido with its image sensors. Sony is also focusing on expanding its product portfolio of image sensors. For instance, in May 2020, the company launched IMX990 and IMX991 image sensors. Similarly, in October 2019, the company launched 6 image sensors, namely, IMX530, IMX531, IMX532, IMX540, IMX541, and IMX542.

Samsung Electronics Co., Ltd. holds a strong position in the image sensor market. It offers image sensors used in smartphones. The company has adopted the strategy of extensive product launches. Samsung Electronics has launched 10 new image sensors in the market since May 2018. For instance, in May 2020, the company launched ISOCELL GN1, with 50 MP resolution equipped with dual-pixel and Teracell technologies for stellar low-light photos. Similarly, in April 2020, Samsung Electronics introduced ISOCELL Bright HM1 with 108 MP resolution, which is a successor of ISOCELL Bright HMX

The world’s first 108 MP mobile image sensor launched in 2019. The company considers inorganic growth initiatives important to sustain in the competitive image sensor market. Hence, it is expected that the company will be focusing on partnerships and collaborations to deliver its image sensors to end users.

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Image Sensor Market with COVID-19 Impact Analysis by Technology (CMOS Image Sensors), Processing Technique (3D Image Sensors), Spectrum, Array Type, Resolutions End User (Automotive, Consumer Electronics), and Geography - Global Forecast to 2025

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Report Code
SE 2676
RI Published ON
7/29/2020
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