South Korean electronics giant Samsung Electronics has narrowed the market lead for Sony’s CMOS image sensors by several points, according to a recent study by Yole Development.
Japanese electronics manufacturer Sony ended 2020 with a 40% market share of the image sensor market, down 2% from 2019. Meanwhile, Samsung’s market share increased from 21% to 22%. Samsung began manufacturing image sensors back in 2002 and held less than 20% of the market until 2018.
Omnivision came in third with a market share of 12%, with Omnivision ranking second until 2014, ahead of Samsung. Yole Research notes that Samsung’s expertise in the design and manufacture of image sensors has helped expand its business and significantly increase sales and market share.
Meanwhile, Sony’s revenue declined 5% in 2020. The research company points out that this was a sharp drop in the level of orders of image sensors for Huawei smartphones due to US sanctions. Nevertheless, Sony confirmed the growth in sales of image sensors for digital cameras.
The Japanese electronics manufacturer plans to increase production. In April, the company opened its new plant in Nagasaki, and now Sony plans to build an additional plant to manufacture CMOS image sensors for smartphones. The company aims for a 60% market share by 2025. Meanwhile, Samsung is preparing to expand into the automotive sector with the release of the ISOCELL Auto 4AC image sensor.
According to a report by Yole Development, the industry has a combined value of $ 20.7 billion, with smartphones and consumer products accounting for 72% of the total market value. According to the forecast of the research company, by the end of 2026 the market volume will be $ 31.5 billion.
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