New York, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Research Nester has published a detailed market report on ‘Global CMOS Image Sensor Market’ for the forecast period, i.e. 2022 – 2031 which includes the following factors:
- Market growth over the forecast period
- Detailed regional synopsis
- Market segmentation
- Growth drivers
- Challenges
- Key market players and their detailed profiling
Global CMOS Image Sensor Market Size:
The global CMOS image sensor market is estimated to grow at a CAGR of 6.32% over the forecast period, i.e., 2022-2031. Rising demand for high-definition image-capturing devices is expected to propel the market growth. For instance, Sony Corporation unveiled the IMX485 type 1/1.2 4K-resolution back-illuminated CMOS image sensor and the IMX415 type 1/2.8 4K CMOS image sensor in June 2019. Sony created these two security camera sensors to address the constantly growing demand for security cameras in a range of monitoring applications, such as anti-theft, disaster warning, and traffic monitoring systems, or commercial complexes.
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Furthermore, there has been growing demand for CMOS image sensor in healthcare industry. They are usually used in observing patient during the surgeries. A recent report by the National Library of Medicine states that a staggering 310 million major procedures are carried out year around the world, with between 40 to 50 million taking place in the United States and 20 million in Europe.
Global CMOS Image Sensor Market: Key Takeaways
- Asia Pacific to hold the largest market revenue
- Popularity of smartphones to propel market growth in North America region
- Consumer electronics segment to garner the largest revenue
Rising Demand for Security & Surveillance to Drive Market Growth
CMOS image sensor is extensively used for the purpose of security and surveillance. CMOS image sensor has an ability to convert the photoelectrical signal into digital signal. Security is the major concern for everyone. Hence owing to increasing instances of theft and crime, more security cameras having CMOS senor are expected to be installed, allowing market growth. As it is estimated that approximately 82% of burglars check the presence of alarm system before breaking in.
However, they can’t be installed everywhere owing to privacy concerns. Hence many organizations have come up with innovative ideas which are anticipated to fuel the market. For instance, in December 2021, Canon revealed a brand-new outdoor 4K camera that can be used as both a conventional camera and a security camera. Additionally, it can combine every 4K UHD pixel that the 4K UHD CMOS image sensor has ever captured.
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Global CMOS Image Sensor Market: Regional Overview
The global CMOS image sensor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa region.
Government Initiative for Smart Cities to Drive Growth in Asia Pacific Region
The CMOS image sensor market in Asia Pacific region is anticipated to garner the largest revenue of USD 17,759.3 Million by the end of 2031. Government initiatives for smart cities is expected to fuel the growth in the market. The Ministry of Electronics and Information Technology in India has tasked ERNET India and IISc with developing the LoRa gateway (pole gateway), a low-cost compute device that can connect to cameras, temperature, humidity, air quality, and other sensors. This is part of the Internet of Things (IoT) Management Framework for Smart Cities.
Growing Demand for Consumer Electronics to Favour Growth in North America Region
Further, North America Region is expected to grow further by garnering revenue of USD 12579.0 Million by the end of 2031, growing at a CAGR of 6.14% during 2022-2031. Increase in demand for smartphones to drive the market growth. Approximately 85% percent of all mobile users in the US are expected to have a smartphone by 2025. Various electronics item including smart phones, TVs, wearable gadgets and more consist of senor which is in huge demand in this region. Many smartphones manufacturers use image sensor in their smartphones. For instance, the Xiaomi 12S Ultra smartphone contains the world's biggest sensor in a smartphone. As part of the new line, Xiaomi has launched the 12S Series, which includes the Leica-engineered Ultra.
The study further incorporates Y-O-Y growth, demand & supply and forecast future opportunity in:
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
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Global CMOS Image Sensor Market, Segmentation by End Use Industry
- Consumer Electronics
- Medical
- Industrial
- Security & Surveillance
- Automotive & Transportation
- Aerospace & Defense
The consumer electronics segment is estimated to hold the largest revenue of USD 27010.4 Million by the end of 2031. Increasing demand for CMOS in consumer electronics is expected to boost the market growth. This CMOS technology is extensively used in smartphones. CMOS are known for using less power and hence their demand in smartphones are increasing. Instead of capturing the whole image in a single instance it captures image in scanning type way. Moreover, cameras with CMOS sensor gives better saturation capacity owing to which many manufacturers are installing it in their smartphones. For instance, the newest CMOS image sensor in the XGS series was unveiled by ON Semiconductor. A 16Mp sensor called the XGS 16000 offers excellent global shutter imaging for robotics and inspection systems in factories. The XGS 16000 delivers great performance at low power while giving the highest resolutions for typical 29 x 29 mm industrial cameras, consuming just 1 Watt at 65FPS. In North America, the segment generated the largest revenue of USD 8576.4 Million by the end of 2031, while in the Asia Pacific, the segment is projected to register the largest revenue of USD 12124.3 Million by the end of 2031.
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Global CMOS Image Sensor Market, Segmentation by Technology
- Front Side Illumination (FSI)
- Back Side Illumination (BSI)
The back side illumination (BSI) segment is anticipated to garner the largest revenue by the end of 2031, growing at the highest CAGR of 6.68% over the forecast period. The growth can be attributed to the increasing use of BSI technology in high quality and higher pixel cameras. The preference of smartphones producer is increasing for BSI technology which is also expected to lead a boost in demand. For instance, with the 42 megapixel Sony Alpha A7R Mark II, Sony has added a BSI Full-Frame sensor. The Sony Cyber-shot RX10 II and RX100 IV both have "stacked" sensors that enable even faster continuous shooting and high speed video recording. In the Asia Pacific, the segment is projected to grow with a CAGR of 7.34% during the forecast period, while in North America, the front side illumination (FSI) segment is projected to grow with a CAGR of 5.41% during the forecast period.
Few of the well-known market leaders in the global CMOS image sensor market that are profiled by Research Nester are STMicroelectronics International NV, Samsung Electronics America, Inc., Sony Semiconductor Solutions Corporation, ON Semiconductor Components Industries, LLC, Canon, Inc., SK Hynix Inc., OMNIVISION Technologies Inc., Hamamatsu Photonics K.K., Panasonic Industry Co. Ltd., and Teledyne Technologies Inc. and other key players.
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Recent Development in in the Global CMOS Image Sensor Market
- In December 15, 2021, Canon creates the world's highest resolution 3.2 megapixel SPAD sensor and introduces a breakthrough low-light imaging camera that achieves outstanding colour reproduction even in dimly lit conditions.
- In February 14, 2018, Panasonic Corporation revealed that it has created a breakthrough technology that enables simultaneous 450k high-saturation electrons, global shutter photography with sensitivity modulation, and 8K high-reslution (36M pixels) imaging using a CMOS image sensor with an organic photoconductive layer (OPF).
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