Global image sensor market size was estimated at USD 8.81 billion in 2013. Technology advancements such as development of Backside illumination CMOS (BSI) are anticipated to drive industry growth. These sensing devices are designed to overcome natural light degradation and quality that occur as pixel sizes decrease. They help to provide high sensitivity for sharp, low-light pictures, and high-speed video recording, and enable to benefit from the trend of smaller and slimmer designs.
The chip is turned upside down with the light falling on the backside to reduce light loss. These result in increased light-sensitivity and reduced noise recorded on the picture. In the full visible light spectrum, their efficiency is fairly constant between 75% and 88%.
CMOS technology enables better quality pictures as compared to Charge Coupled Device (CCD) technology. The cost of manufacturing these devices is also lower than other technologies; this is expected to provide positive avenues to its volume demand.
Increasing mobile phones market, particularly smart-phones is expected to drive revenue demand over the forecast period. Developing economies such as India, China, and Latin America countries are expected to majorly contribute to image sensor industry growth.
North America image sensor market revenue by application, 2012-2020, (USD Million)
Key technologies include Charge-Coupled Device (CCD), Contact Image Sensors (CIS), and Complementary Metal–Oxide–Semiconductor (CMOS). CCD devices are particularly used in medical and scientific applications. The segment had a revenue share of over 12% in 2013, and is expected to grow at a CAGR of 1.3% from 2014 t0 2020.
However, they are losing market to CMOS technology owing to their efficiency and application in various industries. They consume comparatively less power and are low-priced. Additionally, they allow, image stabilization, electronic pan, random pixel access, and tilt.
Technology innovations such as development of backside illumination (BSI) and 3D motion and depth sensing are expected to offer improved picture quality at lesser costs. The CIS segment was valued at USD 387.1 million in 2013, and is expected to grow at a CAGR of 4.4% from 2014 to 2020.
The application segment includes automobile, consumer electronics, industrial, aerospace, defense, medical, and surveillance. Consumer electronics is expected to be the key application segment, having highest penetration. The volume growth is also expected to be at a CAGR of 6.3% from 2014 to 2020. These devices are increasingly used in mobile phones, notebooks, webcams, and gaming consoles. These sensors convert optical images to electrical signals, and have replaced traditional film cameras. Digital cameras have witness growing demand over the years, which can mainly be credited to proliferation of smartphones.
Medical applications accounted for over 10% of overall revenue in 2013, and are expected to grow at a CAGR of 6.0% from 2014 to 2020. This growth is due to demand in minimally invasive procedures such as endoscopy.
In the automotive market, Advanced Driver Assistance Systems (ADAS) is expected to be the significant driver for sensing devices demand. This system heavily depends on machine vision, to react to situations encountered during driving. Machine vision can drive automotive growth rates, and the number of cameras per vehicle could significantly grow over the forecast period.
North America image sensor market was the largest regional industry in terms of revenue and is expected to grow at a CAGR of 3.7% from 2014 to 2020. This growth is attributed to stringent government regulations regarding driver and vehicle security.
North America was closely followed by Asia Pacific, which accounted for over 32% of the revenue share in 2013. Developing economies such as India, China, and Latin America countries are expected to majorly contribute to market growth
Europe image sensor market is also has a considerable revenue share of USD 2,006.8 million in 2013 is expected to be 2,503.1 million by 2020 growing at a CAGR of 3.2% from 2014 to 2020.
Leading players include Sony Corporation, Samsung Electronics, Canon Inc., OmniVision Technologies, and Sony Corporation dominated the overall industry accounting for over 40% of the image sensor market share in 2013. Sony Corporation dominated the market and offer varried range of sensing devices for surveillance, home security, industrial, and consumer electronics application.
OmniVission Technologies Inc. has developed 3D motion and depth sensing applications in cameras. They have partnered with various industry leaders to integrate 3D motion & depth sensing capabilities into smart-phones and tablets. They have also designed a consumer smart-phone platform for multiple camera sensors. They offer wide range of sensing devices for human interface applications.