Sony image sensor topped the market in 2020 with a 46 percent revenue share, according to the Strategy Analytics Handset Component Technologies report. Despite this, the company is experiencing a decline in its overall market share. The latest Strategy Analytics research shows that the market for image sensors for smartphones grew 13 percent in 2020, with sales of $ 15 billion.
Last year there was an 8.8 percent drop in smartphone market sales compared to the previous year. Despite the decline of the smartphone market in 2020, the image sensor market continued to grow. Sony image sensor took first place in the market, followed by Samsung System LSI and OmniVision Technologies. According to the figures, the three largest suppliers achieved a revenue share of nearly 85 percent in the telephone display market.
Sony owns half the market share of image sensors
In the report, Samsung was in second place and achieved a market share of 29 percent. OmniVision’s third-place market share was announced as 10 percent. Other suppliers make up the remaining 15 percent. Due to the sanctions imposed on Huawei, Sony’s market share is expected to decline in the course of the year. It has been announced that Sony’s market dominance will be increasingly threatened by increased competition.
Stephen Entwistle, Vice President Strategic Technologies at Strategy Analytics, said the image sensor market will grow with the development of multiple cameras and superior photography capabilities in smartphones.
“By 2020, users and manufacturers were aggressively demanding more high-resolution sensors and sensors on smartphones,” said Jeffrey Mathews, Senior Analyst at Strategy Analytics. With this question, the image sensor has had little impact on the market since the pandemic era. Samsung OmniVision and SK Hynix continued to acquire shares in Sony, ”he said.