Image Sensors Global Market Report 2024

The image sensors market size has grown rapidly in recent years. It will grow from $23.99 billion in 2023 to $26.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The expansion observed during the historical period can be credited to heightened utilization of medical imaging, the proliferation of mobile camera usage, and heightened demand emanating from the automotive sector.

The image sensors market size is expected to see rapid growth in the next few years. It will grow to $37.27 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The anticipated growth in the forecast period stems from the rising need for high-quality imaging in autonomous vehicles, the continual surge in consumer electronics, and the expanding global population. Noteworthy trends expected during this period comprise collaborations, advancements in product offerings, and ongoing technological enhancements.

The growth of the image sensors market is anticipated to be propelled by the increasing adoption of autonomous vehicles. These vehicles, equipped with advanced sensor technologies, computer systems, and artificial intelligence, operate and navigate without constant human intervention. They hold promise in reducing accidents caused by human error and enhancing transportation efficiency by communicating and coordinating movements. Image sensors, coupled with computer vision algorithms, enable autonomous vehicles to detect and identify various objects on the road. For example, it's projected by the National Association of Insurance Commissioners that there will be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030, driving the demand for image sensors.

Key players in the image sensors market are developing CMOS image sensors to meet the increasing need for high-performance imaging solutions across industries. CMOS image sensors find applications in digital cameras, smartphones, and imaging devices used in autonomous vehicles. Sony Semiconductor Solutions, for instance, launched a CMOS image sensor specifically tailored for automotive cameras, boasting 17.42 effective megapixels for high-definition capture of distant objects and supporting advanced sensing and recognition capabilities. With a wide dynamic range of 106 dB, even in challenging lighting conditions, the IMX735 ensures high-quality images.

In February 2022, Intel acquired Tower Semiconductor Ltd., a move aimed at expanding its foundry business and entering the image sensor manufacturing domain. Tower Semiconductor Ltd. specializes in manufacturing image sensors, making the acquisition a strategic fit for Intel's business objectives.

Major companies operating in the image sensors market are Samsung Electronics Co., General Electric Company, Sony Corporation, Panasonic Corporation, SK Hynix Inc., Toshiba Corporation, Canon Inc., STMicroelectronics NV, Micron Technology Inc., Infineon Technologies AG, ON Semiconductor Corporation, Ams AG, Hamamatsu Corp., Omnivision Technologies Inc., Tower Semiconductor, Sharp Electronics Corporation, Himax Technologies Inc., FLIR Systems Inc., Teledyne Dalsa Inc., PixArt Imaging Inc., PMD Technologies GmbH, GalaxyCore Inc., Raytek Corporation, Pixel Plus AG, New Imaging Technologies (NIT)

North America was the largest region in the image sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the image sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the image sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Image sensors, electronic in nature, transform light into electrical signals, facilitating the creation of digital images. Their fundamental function lies in collecting visual data from the surroundings and converting it into electronic format. These sensors play a crucial role in acquiring and managing visual information across a wide array of applications, spanning from commonplace consumer gadgets to sophisticated industrial and scientific apparatus.

The primary categories of image sensors exist, area image sensors and linear image sensors. Linear image sensors, specifically engineered to capture and convert light into digital signals, employ various technologies such as complementary metal-oxide-semiconductor (CMOS), charge-coupled devices (CCD), and others. These technologies encompass diverse processing capabilities, including 2D and 3D imaging, along with the ability to detect various spectra such as the visible and non-visible spectra. Such sensors find utility across multiple industries, including but not limited to consumer electronics, healthcare, industrial settings, security and surveillance, automotive, aerospace, and defense.

The image sensors market research report is one of a series of new reports that provides image sensors market statistics, including image sensors industry global market size, regional shares, competitors with an image sensors market share, detailed Image sensors market segments, market trends, and opportunities, and any further data you may need to thrive in the image sensors industry. This image sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The image sensors market consists of sales of passive pixel sensors, mirrorless cameras, and compact point-and-shoot cameras, digital X-ray machines, ultrasound devices, and MRI and CT scanners and active pixel sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.