India Image Sensor Market Outlook to 2028

India Image Sensor Market Overview

• India's Image Sensor Market has experienced substantial growth, and this is reflected by the global image sensors market size was valued at USD 25 billion in 2023. The growth is primarily driven by the increasing demand for high-resolution cameras in smartphones, the adoption of advanced driver-assistance systems (ADAS) in the automotive industry, and the expansion of surveillance systems.
• The key players in Indian image sensor market include Sony Corporation, Samsung Electronics, OmniVision Technologies, ON Semiconductor, and STMicroelectronics. These companies dominate the market through continuous innovation, extensive research and development, and strategic partnerships with local manufacturers and technology firms.
• In 2023, Sony Corporation announced the launch of its next-generation image sensor for smartphones, which offers improved low-light performance and enhanced dynamic range. This development is expected to set new benchmarks in smartphone photography and further solidify Sony's leadership position in the market. The new sensor, IMX789, is anticipated to be integrated into flagship models of major smartphone brands by the end of 2024.
• In 2023, the southern region of India, particularly the state of Karnataka, dominated the image sensor market. The state's dominance is attributed to its strong IT infrastructure, the presence of major technology companies, and favorable government policies supporting innovation and tech startups.

India Image Sensor Market Segmentation

India's Image Sensor Market is segmented into application, technology, and region.

By Application: India's image sensor market by application is segmented into consumer electronics, automotive, healthcare, industrial, and security & surveillance. In 2023, consumer electronics dominates the market due to the high demand for smartphones and digital cameras, where image sensors are a critical component.

By Technology: India image sensor market by technology is segmented into CMOS, CCD, and others (Infrared (IR) Sensors, X-Ray Sensors, etc.). In 2023, CMOS technology held the dominant market share driven by its lower cost, higher speed, and better power efficiency compared to CCD technology.

By Region: India image sensor market by region is segmented into North, South, East, and West. In 2023, the southern region held the dominant market share, driven by Karnataka's tech ecosystem and the presence of major technology firms.

India Image Sensor Market Competitive Landscape

• OmniVision Technologies: OmniVision Technologies announced a strategic partnership with a leading Indian smartphone manufacturer in 2023 to supply next-generation image sensors. This partnership aims to enhance the camera performance of mid-range smartphones, catering to the growing demand for high-quality photography features among Indian consumers.
• ON Semiconductor: In 2023, ON Semiconductor introduced a new line of image sensors specifically designed for industrial automation applications. These sensors feature advanced machine vision capabilities, enabling precise object detection and quality inspection in manufacturing processes. This innovation addresses the increasing demand for automation and quality control in India's industrial sector.

India Image Sensor Market Analysis

India Image Sensor Market Growth Drivers:

• Increasing Demand for Smartphones: The demand for smartphones with advanced photography capabilities directly boosts the image sensor market, as high-resolution sensors are integral to smartphone cameras. According to the Telecom Regulatory Authority of India, the number of smartphone users in India reached 700 million in 2023, contributing to the surge in demand for image sensors.
• Expansion of Automotive Industry: Image sensors are crucial for advanced driver-assistance systems (ADAS), which include features like lane departure warning, collision avoidance, and parking assistance. The Society of Indian Automobile Manufacturers (SIAM) reported that the adoption of ADAS-equipped vehicles increased by 1 million units in 2023, up from 500,000 units in 2020 reflecting the growing importance of image sensors in the automotive sector.
• Advances in Medical Imaging: In 2023, around 50,000 units of imaging devices, including MRI and CT scanners, were sold in India, with a projected increase to 70,000 units by the end of 2024. The Indian Medical Association (IMA) notes that these devices are essential for accurate diagnosis and treatment, thereby driving the growth of the image sensor market.

India Image Sensor Market Challenges:

• High Cost of Advanced Sensors: In 2023, the average cost of high-end image sensors increased by INR 2,000, rising from INR 8,000 in 2020 to INR 10,000. This price hike was primarily due to supply chain disruptions and the rising prices of raw materials. This cost increase poses a substantial challenge for small and medium-sized enterprises (SMEs) in India, limiting their ability to adopt the latest sensor technologies.
• Supply Chain Disruptions: The global semiconductor shortage in 2023 caused delays in the production and delivery of image sensors, impacting various sectors in India. The Indian Electronics and Semiconductor Association (IESA) reported that these disruptions led to a backlog of 500,000 units of image sensors, causing delays in manufacturing and product launches.

India Image Sensor Market Government Initiatives:

• Digital India 2.0 Initiative: The Indian government's "Digital India 2.0" initiative, launched in 2023, aims to enhance the country's digital infrastructure and promote technology adoption. With a budget allocation of INR 150 crore this initiative supports the development and deployment of smart city projects, including extensive use of surveillance systems equipped with advanced image sensors.
• National Electric Mobility Mission Plan (NEMMP) 2024: The NEMMP 2024 aims to promote the adoption of electric vehicles (EVs) in India, with a target of 6 million EV sales by the end of 2024. The incorporation of image sensors in EVs for features like autonomous driving and safety systems is crucial for this plan. The Ministry of Heavy Industries allocated INR 1,000 crore in 2023 to support the development of sensor technologies for EVs, highlighting the role of image sensors in the automotive sector.

India Image Sensor Future Market Outlook

The Indian image sensor market is expected to grow in the coming years. The market is also likely to shift towards more organized with established players and online platforms expanding their reach.

India Image Sensor Future Market Trends

• Adoption of 3D Image Sensors: Over the next five years, the adoption of 3D image sensors is expected to increase in India. These sensors offer enhanced depth perception and are crucial for applications such as facial recognition, augmented reality (AR), and virtual reality (VR). By 2028, the use of 3D image sensors in smartphones, automotive, and industrial applications will increase.
• Rise of Autonomous Vehicles: The development and adoption of autonomous vehicles in India will boost the demand for image sensors. These vehicles rely on image sensors for environment perception, object detection, and navigation. By 2028, the number of autonomous vehicles on Indian roads is projected to reach 1 million, with a corresponding increase in the demand for advanced image sensors to support autonomous driving technologies.