BOSTON--(BUSINESS WIRE)--The global smartphone Image sensor market recorded total revenue of $15 billion in CY 2020, according to the Strategy Analytics Handset Component Technologies service report.
Strategy Analytics latest research report “Smartphone Image Sensor Market Share Q4 2020: Sony Takes Top Spot But Sees Drop in Share” finds that the overall smartphone image sensor market experienced a revenue growth of 13 percent year-over-year in 2020. Sony managed to take the first position in the smartphone image sensor market with 46 percent revenue share followed by Samsung System LSI and OmniVision Technologies in CY 2020. The top-three vendors captured almost 85 percent revenue share in the global smartphone image sensor market in 2020. The major CIS vendors drove the sales of high-resolution image sensors to customers.
Jeffrey Mathews, Senior Analyst at Strategy Analytics says, “The pandemic did little to dent the image sensor market growth as CIS vendors observed strong demand from smartphone OEMs who aggressively adopted high-resolution sensors and higher sensor count across smartphone tiers in 2020. Samsung, OmniVision and SK Hynix continued to take share from Sony as the vendor lost key business owing to sanctions on Huawei. We expect Sony’s market dominance will be increasingly threatened by the rising competition in the smartphone image sensor market.”
Stephen Entwistle, Vice President of the Strategic Technologies Practice at Strategy Analytics commented, “The demand momentum for smartphone CIS, driven by the expansion of multiple cameras and superior photography capabilities in smartphones, will propel the image sensor market growth. However, the semiconductor shortages could create challenges in meeting the CIS demand.”
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Source: Strategy Analytics, Inc.
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Service Name: Handset Component Technologies