CMOS Image Sensor Market
The CMOS Image Sensor Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).
The factors driving the growth of CMOS Image Sensor Market includes rise in the sales of smartphones and tablets around the world, growing adoption of high-resolution cameras in the mobile devices, increasing application of CMOS Image Sensors in the Automotive and Healthcare industries. According to the report published by Statista, the sales of smartphones worldwide has increased from 1,351.84 million units in 2020 to reach 1,433.86 million units in 2021, which will boost the market growth in the approaching years. Moreover, growing demand for high-definition image-capturing devices, increase in Government’s expenditure on Defense sector for improving the performance of ballistic weapons, rise in the launch of innovative products and technological advancements in the CMOS Image sensors, are some of the additional factors supplementing the CMOS Image Sensor Market share. In addition, the increasing investments by major corporations on research and development, rising use of 3D printing in Machine Learning, growing disposable incomes and rapid urbanization, are further contributing towards the market growth.
However, the growth of CMOS Image Sensor Market is hindered due to high cost of manufacturing large chip image sensors.
The major players operating in the market are STMicroelectronics N.V., Teledyne Technologies Inc., Toshiba Corporation, Samsung Electronics Co. Ltd, Sharp Corporation, Sony Corporation, Omnivision Technologies Inc., On Semiconductor Corporation, Taiwan Semiconductor Manufacturing Co. Ltd., and Panasonic Corporation, among others.
Application: Segment Analysis
Based on Application, the Consumer Electronics emerged as the fastest growing segment during the forecast period attributed to growing demand for consumer electronic devices such as smartphones and home appliances across the globe.
Regional: Segment Analysis
Based on Region, the Asa-Pacific region is predicted to capture a sizeable market share over the forecast period. Growing demand for smartphones, increasing Foreign Direct Investment (FDI) inflow in the Automotive industry, availability of cheap labor, Government initiatives to boost the manufacturing of healthcare devices, rising disposable incomes and high population growth rates, are some of the important factors propelling the market growth in Asia-Pacific. As per the Department of Promotion of Industry and Trade, the Foreign Direct Investment inflows in the Automobile Industry in India from January 2000 to December 2018 was estimated around USD 21 billion, which accounts to 5.13% of the total FDI equity inflows.
Global CMOS Image Sensors Market by Specification
- Processing Type
- Array Type
- Flexible Packaging
- Glass Packaging
Global CMOS Image Sensors Market by Application
- Consumer Electronics
- Security and Surveillance
- Other Applications
Global CMOS Image Sensors Market by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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