Stacked CMOS Image Sensor Market Forecast 2023 - 2030

By Type :

Based on the type, the market is bifurcated into 2D image sensor and 3D image sensor. The 2D image sensors segment accounted for the largest revenue share in the year 2022. 2D image sensors offer several benefits including low power consumption, lower cost, higher sensitivity in the NIR range, higher frame rates, and good quality images and videos. The above benefits of 2D image sensors are increasing its application in automotive and medical industries among others.

According to the China Association of Automobile Manufacturers, the total production of passenger cars in China reached up to 14.8 million units in January-August 2022, depicting a YoY growth of 14.7%. Thus, the rising automotive production is among the key factors driving the adoption of 2D image sensors for utilization in automobile in-cabin sensing for driver monitoring, ADAS, and others, in turn contributing to the growth of the market.

The 3D image sensor segment is anticipated to register fastest CAGR growth during the forecast period. 3D image sensors offer higher sensitivity and more functionality per pixel. The primary benefit of 3D image sensors includes its ability to independently optimize detection and processing in dedicated processes. Moreover, 3D image sensors provide high speed, high depth resolution, and flexible operation conditions. The above benefits of 3D image sensors make it ideal for utilization in consumer electronics, automotive, and surveillance applications among others.

For instance, according to GSM Association, smartphone adoption in Germany is projected to reach 84% by 2025, depicting an increase from 80% in 2021. Therefore, the rising adoption of smartphones is projected to drive the demand for 3D image sensors for advanced camera capabilities including multiple lenses, high-resolution imaging, and AI-based features, in turn fueling the growth of the market during the forecast period.

By End-User :

Based on the end-user, the market is segregated into automotive, consumer electronics, medical, and others. The consumer electronics segment accounted for the largest revenue share of 38.5% in the year 2022. Factors including advancements in consumer electronics including artificial intelligence (AI) and internet of things (IoT), penetration of smartphones, computers, and other consumer devices, and increasing demand for energy-efficient and smart devices are driving the growth of the consumer electronics segment.

For instance, according to the Brazilian Electrical and Electronics Industry Association (ABINEE), the electrical and electronics industry in Brazil was valued at USD 42.2 billion in 2022, witnessing a growth of nearly 8% in comparison to USD 39.2 billion in 2021. Therefore, the growing consumer electronics sector is driving the adoption of stacked CMOS image sensors for utilization in camera modules of consumer devices, in turn proliferating the growth of the market.

Automotive segment is expected to witness fastest CAGR growth during the forecast period. The growth of automotive segment is attributed to several factors including rising investments in expansion of automotive manufacturing facilities, increasing automobile production of automobiles, and advancements in autonomous driving systems.

For instance, according to European Automobile Manufacturers Association, the overall production of passenger cars in Europe Union reached 10.9 million in 2022, witnessing an incline of 8.3% as compared to 2021. Stacked CMOS image sensor is primarily used in the automotive industry for applications including in-cabin monitoring, autonomous vehicles, and advanced driver-assistance systems (ADAS). Thus, the rising automotive production is projected to drive the adoption of stacked CMOS image sensors, in turn driving the growth of the market during the forecast period.

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By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America accounted for the largest revenue share of USD 2,894.48 Million in 2022 and is expected to reach USD 6,359.11 Million by 2030, registering a CAGR of 10.7% during the forecast period. In addition, in the region, the U.S. accounted for the maximum revenue share of 61.3% in the same year. The adoption of stacked CMOS image sensors in the North American region is mostly driven by its utilization in automotive, medical, and other sectors. Moreover, the rising automobile production and increasing utilization of stacked CMOS image sensors in automobile in-cabin monitoring and ADAS for driver assistance are among the significant factors driving the market growth in the region.

For instance, according to the OICA (International Organization of Motor Vehicle Manufacturers), the automobile production in North America reached 14,798,146 units in 2022, representing a growth of around 10% from 13,467,065 units in 2021. Hence, the growing automotive industry is propelling the deployment of stacked CMOS image sensors, in turn fostering market growth in the North American region. Additionally, increasing investments in electric vehicles and medical sector are anticipated to promote lucrative growth aspects for the market in North America during the forecast period.

Asia-Pacific is expected to register fastest CAGR growth of 10.9% during the forecast period. The growing pace of industrialization and development is creating lucrative growth aspects for the market in the region. Moreover, factors including the growth of multiple industries such as consumer electronics, automotive, and others are fostering the market growth for stacked CMOS image sensor in the Asia-Pacific region.

For instance, according to the India Brand Equity Foundation, the consumer electronics sector in India was valued at USD 9.84 billion in 2021, and it is projected to grow at a considerable rate to reach USD 21.18 billion by 2025. Hence, the growing consumer electronics sector is anticipated to drive the utilization of stacked CMOS image sensors for deployment in camera modules of smartphones, laptops, and other consumer devices, thereby, proliferating the market growth in the Asia-Pacific region during the forecast period.