In terms of revenue, Sony, Samsung, and Omnivision controlled close to 83% of the market for smartphone image sensors.Image sensors for depth and macro applications on smartphones declined to a 26% market share, while those for ultrawide applications increased to 20% market share.
According to Jeffrey Mathews, senior analyst at Strategy Analytics, "the market for smartphone image sensors suffered a slowdown in multi-camera adoption owing to decreased smartphone demand and inventories within the customer supply chain during the time."
Sony increased its market share through collaborations with top smartphone OEMs to produce large-format, high-resolution image sensors. Additionally, Mathews added that owing to pandemic-related consumer disruptions in China, Omnivision witnessed a share loss and Samsung maintained to dominate high-resolution demand by offering 200MP CIS solutions to clients.
OEMs are anticipated to pursue chances in positioning smartphones with high-end and premium image capabilities as demand momentum continues to struggle, according to Stephen Entwistle, Vice President of the Strategic Technologies Practice.
According to him, the market for smartphone image sensors has recently improved due to the release of flagship smartphones with high-resolution cameras.