diff --git a/packages/next/build/webpack/loaders/next-image-loader.js b/packages/next/build/webpack/loaders/next-image-loader.js
index a336090874db9..a2524d510f2fd 100644
--- a/packages/next/build/webpack/loaders/next-image-loader.js
+++ b/packages/next/build/webpack/loaders/next-image-loader.js
@@ -17,7 +17,6 @@ function nextImageLoader(content) {
       opts
     )
     const outputPath = assetPrefix + '/_next' + interpolatedName
-
     let extension = loaderUtils.interpolateName(this, '[ext]', opts)
     if (extension === 'jpg') {
       extension = 'jpeg'
@@ -25,8 +24,15 @@ function nextImageLoader(content) {
 
     const imageSizeSpan = imageLoaderSpan.traceChild('image-size-calculation')
     const imageSize = await imageSizeSpan.traceAsyncFn(() =>
-      getImageSize(content, extension)
+      getImageSize(content, extension).catch((err) => err)
     )
+
+    if (imageSize instanceof Error) {
+      const err = imageSize
+      err.name = 'InvalidImageFormatError'
+      throw err
+    }
+
     let blurDataURL
     let blurWidth
     let blurHeight
diff --git a/packages/next/build/webpack/plugins/wellknown-errors-plugin/parseNotFoundError.ts b/packages/next/build/webpack/plugins/wellknown-errors-plugin/parseNotFoundError.ts
index 5591dfa93a54d..a33478e7d5de5 100644
--- a/packages/next/build/webpack/plugins/wellknown-errors-plugin/parseNotFoundError.ts
+++ b/packages/next/build/webpack/plugins/wellknown-errors-plugin/parseNotFoundError.ts
@@ -118,3 +118,35 @@ export async function getNotFoundError(
     return input
   }
 }
+
+export async function getImageError(
+  compilation: any,
+  input: any,
+  err: Error
+): Promise<SimpleWebpackError | false> {
+  if (err.name !== 'InvalidImageFormatError') {
+    return false
+  }
+
+  const moduleTrace = getModuleTrace(input, compilation)
+  const { origin, module } = moduleTrace[0] || {}
+  if (!origin || !module) {
+    return false
+  }
+  const page = origin.rawRequest.replace(/^private-next-pages/, './pages')
+  const importedFile = module.rawRequest
+  const source = origin.originalSource().buffer().toString('utf8') as string
+  let lineNumber = -1
+  source.split('\n').some((line) => {
+    lineNumber++
+    return line.includes(importedFile)
+  })
+  return new SimpleWebpackError(
+    `${chalk.cyan(page)}:${chalk.yellow(lineNumber.toString())}`,
+    chalk.red
+      .bold('Error')
+      .concat(
+        `: Image import "${importedFile}" is not a valid image file. The image may be corrupted or an unsupported format.`
+      )
+  )
+}
diff --git a/packages/next/build/webpack/plugins/wellknown-errors-plugin/webpackModuleError.ts b/packages/next/build/webpack/plugins/wellknown-errors-plugin/webpackModuleError.ts
index 45697e9eca6d2..b8163ddf59ecc 100644
--- a/packages/next/build/webpack/plugins/wellknown-errors-plugin/webpackModuleError.ts
+++ b/packages/next/build/webpack/plugins/wellknown-errors-plugin/webpackModuleError.ts
@@ -5,7 +5,7 @@ import type { webpack } from 'next/dist/compiled/webpack/webpack'
 import { getBabelError } from './parseBabel'
 import { getCssError } from './parseCss'
 import { getScssError } from './parseScss'
-import { getNotFoundError } from './parseNotFoundError'
+import { getNotFoundError, getImageError } from './parseNotFoundError'
 import { SimpleWebpackError } from './simpleWebpackError'
 import isError from '../../../../lib/is-error'
 import { getRscError } from './parseRSC'
@@ -71,6 +71,11 @@ export async function getModuleBuildError(
     return notFoundError
   }
 
+  const imageError = await getImageError(compilation, input, err)
+  if (imageError !== false) {
+    return imageError
+  }
+
   const babel = getBabelError(sourceFilename, err)
   if (babel !== false) {
     return babel
diff --git a/test/integration/image-future/invalid-image-import/pages/index.js b/test/integration/image-future/invalid-image-import/pages/index.js
new file mode 100644
index 0000000000000..9689108c0a8fc
--- /dev/null
+++ b/test/integration/image-future/invalid-image-import/pages/index.js
@@ -0,0 +1,14 @@
+import React from 'react'
+import Image from 'next/future/image'
+import test from '../public/invalid.svg'
+
+const Page = () => {
+  return (
+    <div>
+      <h1>Try to import and invalid image file</h1>
+      <Image id="invalid-img" src={test} width={400} height={400} />
+    </div>
+  )
+}
+
+export default Page
diff --git a/test/integration/image-future/invalid-image-import/public/invalid.svg b/test/integration/image-future/invalid-image-import/public/invalid.svg
new file mode 100644
index 0000000000000..46e5e69a1d4b4
--- /dev/null
+++ b/test/integration/image-future/invalid-image-import/public/invalid.svg
@@ -0,0 +1,3 @@
+{
+  "is-image": "nope"
+}
\ No newline at end of file
diff --git a/test/integration/image-future/invalid-image-import/test/index.test.ts b/test/integration/image-future/invalid-image-import/test/index.test.ts
new file mode 100644
index 0000000000000..74f236c91571a
--- /dev/null
+++ b/test/integration/image-future/invalid-image-import/test/index.test.ts
@@ -0,0 +1,70 @@
+/* eslint-env jest */
+
+import { join } from 'path'
+import {
+  findPort,
+  getRedboxHeader,
+  getRedboxSource,
+  hasRedbox,
+  killApp,
+  launchApp,
+  nextBuild,
+} from 'next-test-utils'
+import webdriver from 'next-webdriver'
+
+const appDir = join(__dirname, '../')
+let appPort: number
+let app
+let stderr = ''
+const msg =
+  'Error: Image import "../public/invalid.svg" is not a valid image file. The image may be corrupted or an unsupported format.'
+
+function runTests({ isDev }) {
+  it('should show error', async () => {
+    if (isDev) {
+      const browser = await webdriver(appPort, '/')
+      expect(await hasRedbox(browser)).toBe(true)
+      expect(await getRedboxHeader(browser)).toBe('Failed to compile')
+      expect(await getRedboxSource(browser)).toBe(`./pages/index.js:3\n${msg}`)
+      expect(stderr).toContain(msg)
+    } else {
+      expect(stderr).toContain(msg)
+    }
+  })
+}
+
+describe('Missing Import Image Tests', () => {
+  describe('dev mode', () => {
+    beforeAll(async () => {
+      stderr = ''
+      appPort = await findPort()
+      app = await launchApp(appDir, appPort, {
+        onStderr(msg) {
+          stderr += msg || ''
+        },
+      })
+    })
+    afterAll(async () => {
+      if (app) {
+        await killApp(app)
+      }
+    })
+
+    runTests({ isDev: true })
+  })
+
+  describe('server mode', () => {
+    beforeAll(async () => {
+      stderr = ''
+      const result = await nextBuild(appDir, [], { stderr: true })
+      stderr = result.stderr
+    })
+    afterAll(async () => {
+      if (app) {
+        await killApp(app)
+      }
+    })
+
+    runTests({ isDev: false })
+  })
+})