Camera Sensors Market to Experience Two-Fold Growth by 2030, Reaching USD 50.49 Billion: CDI Report

Posted  by GoPhotonics


Contrive Datum Insights recently published a report on, “Camera Sensors Market Size, Share & Trends Estimation Report By Type Outlook, By Application Outlook, By Processing Technique Outlook, By Spectrum Type Outlook, Region, And Forecasts, 2023 - 2030”. According to the report, the Global Camera Sensors Market size was valued at USD 26.1 billion in 2022 and is projected to reach USD 50.49 billion by 2030, growing at a CAGR of 8.60% from 2023 to 2030. 

Key factors driving the growth of this market include the escalating demand for mobile devices with multiple cameras, More and more automobile manufacturers are adopting LiDAR systems. Modern automobiles, advanced driver assistance systems (ADAS), new medical devices, automatic production technologies, intelligent building technologies, and power distribution systems require sensors. Simultaneously, devices are becoming more advanced, precise, and potent. They are also frequently improving, becoming more connected, and gaining in popularity for use in creating smart infrastructure at a lower price.

Initially, CCD (Charge-Coupled Device) technology was widely utilized because it produced sharp and sensitive images. However, since 2004, more CMOS image sensors than CCD image sensors have been sold. This is because CMOS technology has been significantly enhanced. CCD sensors use high-voltage analog circuits, whereas CMOS sensors consume less energy and occupy less space. As a result, CMOS is more prevalent than CCD and helps the camera sensor market expand by generating more revenue.

Segmentation Overview:

Type Outlook:

CMOS image processors fell behind CCD technology because CCD image processors consumed less power, were smaller, had a speedier frame rate, were simple to combine, and were less expensive to manufacture. CCD image sensors were once the most prevalent form of image sensor worldwide.

Application Outlook:

High-resolution digital cameras, DSLR cameras with low noise and high sensitivity, point-and-shoot cameras, cameras on tablet PCs, and smartphones with two cameras are increasing the prevalence of imaging sensors in consumer products.

Automotive ADAS technology, driverless vehicles, and automatic vehicle systems are some of the most significant aspects of camera and image technology that are evolving.  When stacked image sensors for ADAS reach the market, they are likely to contribute to the expansion of the auto industry.

New optical scanning, diagnostic, and therapy technologies are anticipated to boost the health care image sensor market.

Processing Technique Outlook:

New technologies such as machine vision and computer vision indicate that 3D image sensors will constitute a significant portion of the market for image sensors in the future years. Using Time-of-Flight (TOF) technology, 3D depth is measured.

Spectrum Outlook:

A sensor for a visible camera is an image that converts visible light (400–700 nm) into an electrical signal. From this data, photographs and video broadcasts are created.

Regional Analysis:

During the forecast period, the European market is expected to have a high growth rate for camera sensors because more camera modules and smartphones are bought there. This will probably help the market grow in the years to come.

During the forecast period, a big part of the imaging market is also in North America. People in the area are using more and better new technologies, which are making advanced imaging options more popular.

Market Dynamics:

Driving Factors:

Increasing demand for multiple cameras in mobile devices: Smartphone back cameras are starting to use high-resolution image sensors along with different types of cameras like the standard or main camera, telephoto or periscope zoom camera, ultra-wide camera, monochrome camera, depth sensor or 3D ToF sensor, and closeup camera.

Restraining Factors:

There are a number of challenges that could slow the expansion of the global Camera Sensors Market. Among the most important constraints are:

More and more car companies are going with LiDAR systems: LiDAR devices use millions of laser pulses to measure how close or far away something is. These systems need to be fine-tuned so that they can make choices faster and more accurately than people can.

Opportunity Analysis:

Image cameras are getting better and coming up with new ways to take pictures: Picture sensor improvements try to improve picture clarity by increasing the number of pixels on the sensor, reducing noise, and making the sensor platform as small as possible.

Challenges: The faster time it takes for smartphones to reach the market is a problem for companies that make image sensors

Most digital cameras with image sensors that are offered to consumers are very competitive because it takes less and less time to bring out new and better versions. Because the time a product lasts is getting shorter and shorter, the products in a line must always get better.

Key Segments Covered:

Top Market Players:

By Type

  • CMOS Sensor
  • CCD Sensor

By Application

  • Consumer Electronics
  • Automotive
  • Commercial
  • Industrial & Security
  • Medical

By Processing Technique

  • 2D Image Sensors
  • 3D Image Sensors

By Spectrum

  • Visible spectrum
  • Non-visible spectrum

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Click here to read the research report titled, “Camera Sensors Market Size, Share & Trends Estimation Report By Type Outlook, By Application Outlook, By Processing Technique Outlook, By Spectrum Type Outlook, Region, And Forecasts, 2023 - 2030”.