Published: June 2015 | Report Code: SE10124 |
Available Format: | Pages: 94 |
Category : Sensors & Controls | |||
Image Sensors Market Overview
Image sensors market valued approximately at $9.7 billion in 2014, which is expected to grow at a CAGR of 8.8% by 2020. Image sensors refer to complementary metal oxide semiconductor (CMOS) sensors and charged coupled devices (CCD). CMOS image sensor offers faster processing speed with low power consumption, and are further classified as front side illumination (FSI) CMOS image sensors and backside illumination (BSI) CMOS image sensors.
Image sensors are getting widely adopted in camera enabled mobile phones and also gaining traction in biometrics as they consume less power. China serves as the world’s largest market for smartphones with large number of multinational and local manufacturers. Increasing use of optical molecular imaging techniques in healthcare is paving way to improve efficiency of all components of electronic devices that are equipped with digital cameras. Surging urbanization and growing per capita income are other major macroeconomic factors fueling the growth of image sensors market.
GLOBAL IMAGE SENSORS MARKET, $M (2015 - 2020)
The image sensors market is expected to witness significant growth in mobile phone applications during the forecast period, driven largely by increasing market of smartphone, smart wearable devices and handheld personal computers. Image sensors is also 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, in addition to increasing lifestyle diseases, is likely to lead the expansion of image sensors market in medical imaging applications.
Image Sensors Market Dynamics
The image sensors market is driven by the growing market of smartphones, tablets, personal computers (PCs), and automotive industry. With the increase 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 for image sensors market. Large number of manufacturers and suppliers of electronic products (smartphones, digital still camera tablet and PC) in China, Japan and Taiwan are supporting the demand of image sensors in Asia-Pacific.
Growth Drivers
In recent years, the demand for camera enabled mobile phones has increased, owing to the rising disposable income of the people of China, India, and South-East Asian countries. Mobile software trends and increase in service growth connectivity have generated significant demand for camera enabled mobile phones. The migration from second generation to third and fourth generation technologies in the rising markets, such as China, in addition with escalating mix of low-end smart phones versus feature phones, is expected to drive demand for image sensors in coming years. Low power consumption and compactness of CMOS image sensors, coupled with rising usage of image sensors in biometric application also drives the global market.
Biometrics applications, such as fingerprint and palm scanners, identification at police stations, identification at border control and offices issuing passports, is driving the demand for image sensors in biometrics. The biometric image sensors are high-resolution sensors (> 5MP), used to collect biometry data having highest accuracy. Growing focus of consumers on securing access control has led to a rapid growth in the area of biometrics.
Opportunities
With growing technological advancements in image sensors, healthcare industry is adopting optical molecular imaging techniques in a fast-paced manner to provide better treatment to patients. Optical molecular imaging techniques are used in the development of original imaging and sensing techniques to improve consumers’ understanding of cellular and molecular events. It helps in detection of diseases at early stage, long before other imaging modalities. “Carestream Molecular Imaging”, a developer of imaging products has made significant advancements in optical molecular imaging techniques resulting in extended life of the infrastructure.
Image sensors are also witnessing a phenomenal growth in the automotive sector, specifically in advanced driver assistance systems (ADAS). This is expected to be an opportunity for this market, that can be grabbed by the image sensor providers. Image sensors enhance driver safety in ADAS, as it facilitates in gathering information about the vicinity. ADAS involves various semiconductor equipment, such as light detection and ranging (LIDAR), radio detection and ranging (RADAR) integrated cameras and sensors, which assist drivers to have an all-round picture view. One such application of ADAS in the market is lane departure warning (LDW), a system that warns drivers when their vehicle moves out of its lane.
Image Sensors Market Competitive Landscape
The intensity of rivalry in the image sensors market is moderate. Most of the major vendors in this industry is actively focusing on research & development to enhance image quality of existing and new upcoming digital cameras. They are also focusing on product launch and partnerships to enhance product features and expand their consumer base across the globe. Companies such as Sony Corporation, Samsung Semi-conductor, Inc., OmniVision Technologies Inc. and Canon Inc. are adding new products to their existing portfolio to cater to the growing demand of high-definition digital camera in smartphones. STMicroelectronics N.V, and Omnivision Technologies Inc., have also won contracts from many consumer electronic companies to provide latest technology solutions for digitizing images.
The key players are specifically focusing on Asia-Pacific and North America for the expansion of their image sensors business. These regions exhibit strong purchase intention owing to the wide usage in consumer electronic products, coupled with rising concern towards homeland security, which requires high end digital cameras for surveillance and monitoring purpose. Manufacturers are also investing in Europe to offer better camera solutions for medical imaging. Some of the key players operating in the image sensors market are 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.
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