CMOS Image Sensor Market Size

CMOS Image Sensor Market size was valued at USD 21.42 billion in 2023 and is projected to exceed USD 52.89 billion by 2036, expanding at over 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of CMOS image sensor is evaluated at USD 22.65 billion. The growth of the market can be attributed to the rising demand for high-definition image-capturing devices worldwide. For instance, in June 2019, Sony Corporation revealed the IMX415 type 1/2.8 4K CMOS image sensor and the IMX485 type 1/1.2 4K-resolution back-illuminated CMOS image sensor. In order to meet the constantly expanding need for security cameras in a variety of monitoring applications, such as anti-theft, disaster warning, and traffic monitoring systems or commercial complexes, Sony developed these two security camera sensors.

There is growing adoption of CMOS technology owing to its faster shutter speed beside maintaining good quality of image. Healthcare care industry has shown greater adoption of CMOS technology. This technology is extensively used for surgical procedure. Such factorsare therefore anticipated to drive the growth of the market over the forecast period. According to the data collected by National Library of Medicine from 192 WHO member approximately 234.2 million major surgery procedures are performed annually in the world.