The global CMOS image sensor market was valued at USD 7.21 billion in 2013 and is likely to be worth USD 10.17 billion by 2020. Increasing demand for handheld equipment such as tablets and smartphones has initiated the development of smart sensing approaches with remote diagnostic and monitoring capability.
Global CMOS sensors market was 1,601.8 million units in 2013 and is anticipated to reach 2,643.4 million units, growing at a CAGR of 7.5% by from 2014 to 2020. The industry has observed tremendous growth over the past few years owing to the growth of its application industries, particularly medical and automotive. In addition, technological innovations leading to the evolution of refined sensing technology are expected to drive growth.
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North America CMOS image sensor market revenue by application, 2012-2020, (USD Million)
Further Key findings from the study
suggest:
·
Dexterity to
manufacture smaller pixel devices and provide high resolution with cost
effective approach is expected to be one of the primary factors driving growth.
Rising demand for computation and communication equipment has led to a growing
need to develop upgraded processes for better optical administration. The
requirement for on-chip integration and focal plane processing are still on
improvement phase.
·
Consumer electronics
was the largest application accounting for over 50% of the total market revenue
in 2013. These sensors are widely used in numerous consumer electronic devices
including entertainment devices, home appliances, communication products, and
information technology. The CMOS image sensor market for consumer electronics
is likely to grow at a CAGR of 3.3% from 2014 to 2020.
·
With an increasing
focus on research & development, sensing equipments have become smaller,
cheaper, and more power-efficient, which serves as a gratifying opportunity for
industry players. This is particularly beneficial to the healthcare industry as
these products help in improving diagnostics and provide appropriate treatments
that rely on this technology. Medical applications are anticipated to grow
at a CAGR of 9.9% from 2014 to 2020.
·
Multimedia-enabled
equipment provides more benefits with more data safety over the internet. The
application of sensing devices for indoor navigation, health monitoring, and
related niche segments is anticipated to offer prominent growth opportunity for
prosperity of this market. These gadgets are predominantly used in the U.S.,
however, the market is anticipated to witness significant gains in emerging
economies such as China, India, and Brazil.
·
North America CMOS
sensor market exceeded 30% of the total revenue share in 2013. Focus on
technological advancement coupled with high adoption rate of new technologies
and gadgets have resulted in established of a large market in the region.
However, the market has reached its maturity phase and is anticipated to grow
at a CAGR of 4.1% from 2014 to 2020.
·
Asia Pacific is expected
to witness significant gains over the forecast period at a CAGR of 6.6% from
2014 to 2020. The market was valued at USD 2.37 billion in 2012. Availability
of large number of semiconductor manufacturers in Asia Pacific, especially in
Japan, China and Korea, is projected to bolster market growth in this region.
Presence of cheap labor and establishment of production facilities by foreign
organizations are anticipated to favorably affect industry growth in this
region. Growing demand for latest gadgets owing to increase in disposable
income of consumers is anticipated boost market growth to reach an estimated
value of USD 3.95 billion by 2020.
·
Key players include
OmniVision Technologies, Sony Corporation, Canon Inc., and Samsung Electronics.
Sony Corporation and Samsung Electronics are projected to dominate the CMOS
image sensor market in the near future. Companies are constantly engaging in
research & development to introduce innovative products in the
market.
·
Samsung Electronics
Co. Ltd. has announced its new 8-megapixel R-W-B sensing device based on
ISOCELL and NFC integrated circuit technology with advanced frequency
performance.In March 2015, OmniVision Technologies Inc. launched the OV8865, a
CMOS image sensor positioned on OmniBSI-2 pixel planning. It is utilized in
high speed photography with low power consumption application. Samsung
Electronics Co. Ltd. introduced a 280-megapixel APC-C image sensor, which
employs advanced 65-nanometer and illuminated pixel technology to implement
energy-efficiency and better picture aspect.
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