The global image sensor market size is estimated to be USD 26.1 billion in 2022 and is projected to reach 38.6 billion by 2027, at a CAGR of 8.1% during the forecast period. Rising demand for multiple cameras in mobile devices and growing adoption of ADAS in automobiles have fostered the growth of the image sensor market.
Sony Group (Japan), Samsung Electronics Co., Ltd. (Japan), OMNIVISION (US), STMicroelectronics N.V. (Switzerland), GalaxyCore Shanghai Limited Corporation (China), ON Semiconductor Corporation (US), Panasonic Holdings Corporation (Japan), Canon Inc. (Japan), SK hynix Inc. (South Korea), PixArt Imaging Inc. (Taiwan), are some of the key players in the image sensor market. To retain their presence in the image sensor market, these players have adopted various growth strategies, such as product launches, partnerships, acquisitions, collaborations, and expansions. Product launches has been the most dominating strategy adopted by the key players from 2018 to 2022 to help them strengthen their product portfolio and broaden their customer base.
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Sony Semiconductor Solutions Corporation is a part of Sony Group (Japan). The company offers image sensors through its Imaging & Sensing Solutions segment. The image sensors offered by Sony Group can be deployed in automotive, industrial, security and surveillance, consumer camera, mobile, and polarization applications. The company manufactures its semiconductor solutions mainly in Japan. The company holds a significant position in the image sensor market and accounts for ~40% share of the market. Sony Group has adopted a mix of both organic and inorganic growth strategies to enhance its position in the market.
Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is an end-to-end technology solution provider for consumer electronics, display solutions, and other technologies. It is a pioneer in mobile imaging and automotive imaging with a wide portfolio of products. It provides image sensors through one of its segments named Device Solutions. The Device Solutions segment majorly deals in semiconductor products such as memory, foundry, and system large-scale integration, (LSI), and display products such as liquid crystal display (LCD), and organic light-emitting diodes (OLED) panels.
OMNIVISION is a worldwide fabless semiconductor company that creates innovative digital imaging, analog, and touch and display solutions for a wide range of applications and industries. The company offers solutions for automotive, medical, mobile devices, surveillance, IoT, and computing applications. It has developed several technologies for its imaging solutions. Nyxel Technology Generation 2, Nyxel Technology, PureCel, PureCel Plus, RGB-Ir Technology, OmniPixel 3-GS, OmniPixel 3-HS, OmniBSI Technology, and OmniBSI-2 Technology are some technologies developed by OMNIVISION that are used in its image sensors. Further, the company foresees its growth by adopting a strategic mix of organic and inorganic growth initiatives.
STMicroelectronics N.V. is one of the leading providers of semiconductor solutions that are used in smart driving, smart industry, smart home and city, and smart thing applications. The company designs and manufactures CMOS image sensors, with resolution ranging from VGA to 24 MP. The image sensors offered by STMicroelectronics N.V. can be deployed in automotive, security, gaming, medical, and high-end traditional camera applications. The company leverages its in-house foundry services for manufacturing image sensors with back illumination (BSI). These sensors are equipped with features such as deep trench isolation (DTI) to address the key challenge of pixel crosstalk, along with low noise and high dynamic range characteristics, allowing to capture scenes in extreme light conditions
GalaxyCore Shanghai Limited Corporation
GalaxyCore Shanghai Limited Corporation designs, develops, and manufactures high-performance CMOS image sensors that can transform acquired optical image data into output digital signals and are extensively utilized in mobile phones, smart wearables, mobile payments, tablets, laptops, cameras, automotive electronics, and other applications. GalaxyCore also designs, develops, and manufactures display driver ICs, which can drive show panels to display image signals on the screen and are often used in mobile phones, smart wearables, and other electronic devices with displays.
Image Sensor Market by Technology (CMOS Image Sensors), Processing Technique (2D Image Sensors, 3D Image Sensors), Spectrum, Array Type, Resolution, End-User (Consumer Electronics, Automotive) and Geography - Global Forecast to 2027
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