Organic CMOS Image Sensor Market - Forecasts from 2021 to 2026

The organic CMOS image sensor market is projected to grow at a CAGR of 12.69% to reach US$2247.312 billion by 2026, from US$973.791 billion in 2019. An organic CMOS image sensor refers to the technology in CMOS image sensor which comprises of features including high sensitivity with dynamic range and therefore capturing an image in low light surrounding with rich and vivid textures is possible. These image sensors use high photoelectric conversion property with organic photoelectric conversion layers which increases the number of pixels and provides a high-resolution image and hence provides better performance as compared to convention image sensors. Advantages such as higher dynamic range, higher sensitivity, higher range of incidence angle, and additional protection have led to its widespread adoption across various industry verticals during the forecast period. Organic CMOS image sensors are found to be a substitute for majorly used CCD image sensors in a wide variety of devices such as camcorders, smartphones, and many others.



The increasing investments in research and development to improve the company's profitability and to introduce state-of-the-art products are anticipated to further fuel demand for organic CMOS image sensors and consequently propel the market growth during the forecast period. Factors such as better color contrast and high image quality are leading to the high-scale adoption of organic CMOS image sensors and driving the market growth. Its widespread use in end-user industries such as automotive, healthcare, consumer electronics, media and entertainment, and others has further boosted the market growth of organic CMOS image sensors. Its superior performance at temperature variations and low light conditions along with the arrival of 8K resolution are expected to fuel the market demand for organic CMOS image sensors during the forecast period. The cheaper processing methods and high reliability for broader applications will drive the demand for organic CMOS image sensors during the assessment period.

Growth Factors

Surging demand for organic CMOS image sensors from industry verticals

One of the major reasons for the growth of the organic CMOS image sensor market is the surging demand for organic CMOS image sensors across various industry verticals. The application of organic CMOS image sensors in cellular phones, video cameras, factory inspection systems, medical equipment, surveillance camera, and automotive are anticipated to boost the market growth of organic CMOS image sensors during the forecast period. The potential of organic CMOS image sensors to implement all the functions required for exposure control, image enhancement, color processing, analog-to-digital converter, and image compression on the same chip provides a cutting edge over traditional CCD sensors. The increasing demand for consumer electronics has further paced the market growth of organic CMOS image sensors. The growing popularity of smartphone photography is further anticipated to surge the demand for these sensors in the consumer electronics industry. In the year 2021, Sony semiconductor solutions started its production on the premises of Nagasaki Technological Center in Japan to expand its global footprints which are aimed at the manufacturing of organic CMOS image sensors for smartphones, one of the key products in Sony's imaging and sensing business.

Restraints

Quick drainage of battery compared to conventional image sensors

The growth of the organic CMOS image sensor market is expected to be majorly restrained by the quick drainage of batteries as compared to the conventional image sensor. The traditional image sensors are found to be more battery efficient as compared to organic CMOS image sensors which provide it a cutting edge over the use of organic CMOS image sensors in industrial applications is anticipated to hamper the growth of the organic CMOS image sensor market during the forecast period.

Impact of COVID-19 on the Organic CMOS Image Sensor Market

The COVID-19 pandemic had a negative impact on the organic CMOS image sensor market as the lockdown and strict COVID-19 measures implemented by the governments of various countries led to the shutting down of manufacturing facilities. Furthermore, the trade and transport restrictions led to the disruption in the supply chain which further harmed the organic CMOS image sensor market.

Competitive Insights

The market leaders in the organic CMOS image sensor market are Sony Semiconductor Solution Corporation, STMicroelectronics, AMS AG, Canon, Inc., and Samsung. The players in the organic CMOS image sensor market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years.

Segmentation:

By Application

• 3D Imaging
• Video
• Machine Vision
• Biometrics
• Others

By Industry Vertical

• Automotive
• Consumer Electronics
• Healthcare
• Media and Entertainment
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• Indonesia
• Taiwan
• Thailand
• Others