Wednesday, October 20, 2021

Sony tops smartphone image sensor market in H1: Report

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Tokyo, Sep 28 (IANS) The global smartphone image sensor market in H1 2021 clocked a total revenue of $7 billion and Sony dominated the market with a 42 per cent revenue share, slightly down from 44 per cent a year earlier, a new report revealed.

According to the Strategy Analytics Handset Component Technologies service report, smartphone image sensor market managed to record a revenue growth of more than 10 per cent year-over-year in H1 2021.

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“The image sensor vendors witnessed an accelerated momentum from smartphone OEMs, who actively adopted high-resolution CIS and low-pixel CIS products for multicamera applications, to secure inventory and cater to pent-up demand. Sony, Samsung and OmniVision supplied key high-resolution CIS products to leading smartphone OEMs in H1 2021,” Strategy Analytics’ Seniior Analyst Jeffrey Mathews said in a statement.

Sony Semiconductor took the top spot in the smartphone image sensor market with 42 per cent revenue share followed by Samsung System LSI and OmniVision Technologies in H1 2021.

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The report estimates that the top three vendors took almost 80 percent revenue share in the global smartphone image sensor market in H1 2021.

“The introduction of new high-resolution and large format CIS products from the major vendors are expected to boost the revenue opportunities in the market. However, we note that the supply fluctuations of various high-pixel and low pixel CIS products continue to challenge the growth prospects of the smartphone image sensor market,” Strategy Analytics’ Vice President, Strategic Technologies Practice, Stephen Entwistle, added.

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The image sensor market size is projected to reach $28.0 billion by 2025 from an estimated $18.5 billion in 2020, at a CAGR of 8.6 per cent from 2020 to 2025.

–IANS

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