The global CMOS image sensors market size 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 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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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 sensors 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 image sensors
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.
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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
sensors 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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