The global CMOS image sensors
market is expected to reach USD 10,172 million by 2020, according to a new
study by Grand View Research, Inc. Increasing proliferation of smartphones, which
are equipped with primary as well as secondary cameras, is expected to
favorably impact industry growth. Growing demand in consumer electronics such
as digital cameras is also expected to drive the market over the forecast
period.
Growth in application markets,
especially medical and automotive industries is expected to have a positive
impact on CMOS images sensor demand over the next six years. Furthermore,
decreasing prices and the development of Backside Illumination (BSI) technology
is expected to enhance market penetration. Large number of benefits offered by
CMOS image sensors over CCD counterparts is also expected to be a key factor
for increased adoption.
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Further Key findings from the study suggest:
- Global CMOS image sensors market volume was estimated at 1,601.8 million units in 2013, and is expected to reach 2,643.4 million units by 2020, growing at a CAGR of 7.5% from 2014 to 2020.
- Consumer electronics is expected to remain the largest application area over the forecast period, both in terms of volume as well as revenue. It accounted for majority of the overall volume share and over half of the revenue generated in 2013. This can be attributed to increasing demand for digital cameras such as DSLRs and applications including video calling. Medical applications is expected to be the fastest growing market for CMOS sensors, at an estimated CAGR of 9.9% from 2014 to 2020. Advancements in healthcare and need for minimally invasive procedures including endoscopy are expected to contribute significantly to overall shipments over the forecast period.
- North America accounted for 35.2% of the market revenue in 2013, with replacement demand acting as the key growth factor. Asia Pacific is expected to be the largest and fastest growing application during the forecast period, at an estimated CAGR of 6.6% in terms of revenue from 2014 to 2020, mainly due to presence of first-time buyers and high demand for digital cameras.
- Companies operating in the market include Aptina Imaging, Sony Corporation, OmniVision, STMicroelectronics, Samsung Electronics and Canon Inc. among others. The industry is moderately concentrated, and industry participants employ product innovation and development order to gain market share.
For the purpose of this study, Grand View Research has
segmented the global CMOS image sensors market on the basis of application and
region:
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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