MEA Image Sensors Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Image Sensors Market Analysis
The Middle East and African Image Sensor Market is expected to grow by a CAGR of 6.4% during the forecast period (2021-2026). The growing requirement for better resolution cameras for security and surveillance in public areas and expanding mobile phone sector, particularly smartphones, is expected to drive the growth of the market over the projected period.
- An image sensor is a device that allows the camera to convert light into electrical signals that can be interpreted by the device to create a high-resolution picture. All commercially available digital cameras use one of two possible technologies for the camera's image sensor: CCD or CMOS.
- The common type of image sensor is a two-dimensional device that creates a digital picture from light intensity information captured through its sensor. The need for high-quality images, increasing consumer base for smartphones, tablets, and use in consumer electronics, are the key drivers which are making the Middle East and Africa Image Sensors market grow lucratively.
- Although, the Complex manufacturing process of high-resolution image sensors and higher power consumption in CCD image sensors are the factors hindering the growth of the Middle East and Africa image sensors market. However, owing to a rise in consumer spending on technology in the Middle East and Africa. The consumer electronics segment is expected to hold the largest market share in the Image Sensors market.
- Over the past two years, the global semiconductors and electronics industry witnessed diverse trends owing to the COVID-19 pandemic. The manufacturing and other heavy industries faced operational challenges due to restricted cash flow and various restrictions over the use of workforce in the industries; on the other hand, a severe impact on the supply chain was observed during the pandemic.
- However, the demand for image sensors is expected to regain momentum with data center services, cloud computing, and other online supporting sectors gaining traction in the region, which is expected to drive the end-user spending of the CMOS Image Sensors market significantly over the near term future.
MEA Image Sensors Market Trends
This section covers the major market trends shaping the MEA Image Sensors market according to our research experts:
Consumer Electronics Segment to Hold Significant Market Share
- The consumer electronics market in the Middle East and African region is quite promising as the consumer behavior in the region has been continuously evolving. The sales of consumer electronics are in the gradual move towards more compact and multifunctional devices, with consumers' lifestyles becoming increasingly highly mobile and fast-paced.
- The key applications for image sensors in a consumer electronics device included mobile phone cameras, digital still cameras, tablets, toys, and camcorders, PC/laptops, webcams, and smart televisions.
- For applications in a consumer electronics device, usually, CMOS image sensors are preferred over CCD sensors because of their lower power consumption, ease of integration, speed, and cost factor.
- Furthermore, the Consumer electronics market in the Middle East is on the verge of digital disruption with companies vying for online presence, which has significant untapped market potential. For instance, in 2020, the Sony Middle East & Africa launched the latest range of Alpha mirrorless interchangeable lens cameras in Nigeria. These mirrorless cameras offer the fastest shooting speed with Auto Focus (AF) and Auto Exposure (AE).
United Arab Emirates to be the Region with Significant Market Share
- The United Arab Emirates is among the countries with the highest smartphone penetration. With the availability of 5G services increasing significantly in the region, the number is further expected to increase.
- Additionally, the digital transformation is accelerating across the country as governments, public institutions, private sector players, and development organizations are increasingly using digital platforms to improve lives and power economic growth in the region.
- Furthermore, automotive is one of the key sectors where the demand for imaging sensors is growing steadily. In modern-day automobiles, cameras are being deployed throughout the vehicle to increase driver safety and comfort, including surround-view systems, ADAS applications, and mirror replacement.
- As UAE is among the leading automotive market in the Gulf Cooperation Council (GCC) region due to factors such as low fuel costs, low import tariffs, high per capita disposable income, and a favorable tax regime. The sector encourages economic diversification and influences national strategy for a competitive business environment.
- Moreover, the UAE government's recent shift towards local manufacturing encourages global automobile manufacturers to increase investments in this region. The companies such as Ashok Leyland, Hafilat Industries, W Motors, and Zarooq Motors have started manufacturing in the UAE, and more are likely to follow.
MEA Image Sensors Industry Overview
The Middle East and Africa Image Sensor Market is moderately competitive owing to the presence of key players such as Sony Corporation, Canon Inc., On Semiconductor Corporation, Omnivision Technology, etc. Some of the recent developments in the Market include:
- November 2021 - OmniVision Technologies, a developer of advanced digital imaging solutions, launched the OVMed OH0FA image sensor and OAH0428 bridge chip for endoscopes and catheters. The OH0FA image sensor provides 720x720 resolution at 30 frames per second (fps)the highest available resolution for ENT, cardiac, arthro, OB-GYN, and utero-renal endoscopes, yielding visibility for surgeons to see and diagnose early-stage disease.
- November 2021 - Australian-based search-and-rescue surveillance specialist provider, Sentient Vision Systems, announced that it has teamed with Austria's Airborne Technologies and UAE- and UK-based Phoenix Aerospace to create a Middle East center of excellence for sensor integration.
MEA Image Sensors Market Leaders
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Canon Inc.
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Omnivision Technologies
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On Semiconductor Corporation
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Deep Blue Sensor
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Sony Corporation
*Disclaimer: Major Players sorted in no particular order
MEA Image Sensors Market News
- September 2021 - Sony Semiconductor Solutions Corporation (Sony) announced the commercialization of the IMX487, a 2/3-type CMOS image sensor for industrial equipment, which is compatible with the UV (ultraviolet light) wavelength and comes with global shutter functionality and the industry's highest effective pixel count of approximately 8.13 megapixels.
- June 2020 - Canon Inc. announced that the company had developed the world's first single-photon avalanche diode (SPAD) image sensor with signal-amplifying pixels capable of capturing 1-megapixel images. SPAD image sensors are ideal for such applications as 2-dimensional cameras, which capture and develop still images and videos in an extremely short span of time.
MEA Image Sensors Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Value Chain / Supply Chain Analysis
4.3 Porters 5 Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increased Demand in Automotive Applications
5.1.2 Demand for Gesture Recognition/Control in Vertical Applications
5.1.3 Low-Cost Availability of CMOS Image Sensors Deployed in Electronic Devices
5.2 Market Restraints
5.2.1 High Manufacturing Costs and Increased Market Competition
5.2.2 Storage Space and Battery Consumption issues
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Wired
6.1.2 Wireless
6.2 By Technology
6.2.1 CMOS
6.2.2 CCD
6.2.3 Others
6.3 By Specification Type
6.3.1 Processing Type
6.3.2 Spectrum Type
6.3.2.1 Infrared Invisible Spectrum
6.3.2.2 X-Ray Light
6.3.3 Array Type
6.4 By Application
6.4.1 Consumer Electronics
6.4.2 Healthcare
6.4.3 Industrial
6.4.4 Security and Surveillance
6.4.5 Automotive & Transportation
6.4.6 Aerospace & Defense
6.4.7 Others
6.5 By Country
6.5.1 Saudi Arabia
6.5.2 United Arab Emirates
6.5.3 South Africa
6.5.4 Others
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Deep Blue Sensor
7.1.2 Canon Inc.
7.1.3 Omnivision Technologies Inc.
7.1.4 ON Semiconductor Corporation
7.1.5 Samsung Electronics Co., Ltd
7.1.6 Sony Corporation
7.1.7 STMicroelectronics N.V
7.1.8 Teledyne DALSA Inc.
7.1.9 Toshiba Corporation
7.1.10 SK Hynix Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
MEA Image Sensors Industry Segmentation
An image sensor primarily converts an optical image into an electronic signal and is used in digital cameras and imaging devices to convert the light received on the camera or imaging device lens into a digital image. This report describes a comprehensive analysis of the market segmented by Type, Technology, Specifications, and Application of image sensors.
| By Type | |
| Wired | |
| Wireless |
| By Technology | |
| CMOS | |
| CCD | |
| Others |
| By Specification Type | ||||
| Processing Type | ||||
| ||||
| Array Type |
| By Application | |
| Consumer Electronics | |
| Healthcare | |
| Industrial | |
| Security and Surveillance | |
| Automotive & Transportation | |
| Aerospace & Defense | |
| Others |
| By Country | |
| Saudi Arabia | |
| United Arab Emirates | |
| South Africa | |
| Others |
MEA Image Sensors Market Research FAQs
What is the current MEA Image Sensors Market size?
The MEA Image Sensors Market is projected to register a CAGR of 6.40% during the forecast period (2024-2029)
Who are the key players in MEA Image Sensors Market?
Canon Inc., Omnivision Technologies, On Semiconductor Corporation, Deep Blue Sensor and Sony Corporation are the major companies operating in the MEA Image Sensors Market.
What years does this MEA Image Sensors Market cover?
The report covers the MEA Image Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the MEA Image Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
MEA Image Sensors Industry Report
Statistics for the 2024 MEA Image Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. MEA Image Sensors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
