Image Sensors Market Revenue Will Grow To $12.03 Billion By 2020: New Report By Grand View Research, Inc.

San Francisco, Nov. 04, 2015 (GLOBE NEWSWIRE) -- The global image sensors market size is expected to reach USD 12.03 billion by 2020, growing at a CAGR of 4.6% from 2014 to 2020. Technological advancements such as Backside Illumination (BSI) technique to improve picture quality are expected to fuel revenue growth over the forecast period.

The light falls on the back of the chip to reduce loss and, thus, reduce the noise interference and increase picture quality. 3D motion and depth techniques are also expected to contribute to industry growth by offering improved picture quality at low cost. These devices are designed to offer high-quality pictures even in adverse capturing conditions. They are continuously evolving into slimmer designs to cater to their increasing demand in consumer electronics products, particularly smartphones and tablets.

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CMOS sensing technology is widely used owing to low cost of manufacturing and high efficiency and will account for over 75% of the overall revenue share over the forecast period. It offers benefits such as low power consumption, random pixel access, tilt, and better picture stabilization. CCD and CIS sensing techniques are gradually expected to lose their market share to CMOS sensors.

The application segment includes automobile, industrial, consumer electronics, aerospace & defense, surveillance, and medical. Consumer electronics is expected to be the major application segment, and accounted for over 50% share of the overall revenue in 2013. Image sensing is primarily used in devices such as smartphones, webcams, notebooks, tablets, and gaming consoles.

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Medical applications accounted for over 6.0% of overall image sensors market volume in 2013, and are expected to grow at a CAGR of 9.2% from 2014 to 2020. This growth is attributed to demand from minimally invasive procedures such as endoscopy.

Increasing popularity of Advanced Driver Assistance Systems (ADAS) in vehicles is expected to drive the demand in automotive applications. Examples of ADAS include lane departure warning, adaptive cruise control, and automated parking. Automotive safety features have evolved from passive to active safety systems with ADAS incorporating radar and vision technology.

North America image sensors market accounted for over 32% of the overall revenue in 2013. However, Asia Pacific is expected to outpace North America over the next six years. Countries such as India and China are expected to play a key role in regional growth.

Leading players in the image sensors market include Samsung Electronics, Sony Corporation, Canon Inc., and OmniVision Technologies. Sony Corporation develops and manufactures products that serve a variety of segments including television, digital imaging, audio/video, semiconductors, electronic components, professional solutions, and medical.

Interchangeable single-lens cameras, compact digital cameras, and video cameras are some of the major products offered by the company across its digital imaging segment. In April 2015, Sony Corporation announced an increase in the production capacity for Stacked CMOS sensing devices by entering into a joint venture with Mitsui-Soko Holdings Co. Ltd. to increase its logistics process efficiency.

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Grand View Research has segmented the global image sensors market on the basis of technology, application and region:

Technology Outlook (Volume, Million Units and Revenue, USD Million; 2012 – 2020)

  • CCD
  • CMOS
  • CIS

Application Outlook (Volume, Million Units and Revenue, USD Million; 2012 – 2020)

  • Automotive
  • Consumer Electronics
  • Defense & Aerospace
  • Industrial
  • Medical
  • Surveillance
  • Others

Regional Outlook (Volume, Million Units and Revenue, USD Million; 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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Grand View Research, Inc

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Source:Grand View Research