Strong growth seen for CMOS image sensor market

May 06, 2016 // By Peter Clarke
The worldwide CMOS image sensor revenue grew 12 percent in 2015 to $9.9 billion and 2015 was firth consecutive year of record-high annual sales, according to IC Insights. And the growth is expected to continue for another five years albeit at a reduced compound annual growth rate.

IC Insights forecasts the market for CMOS image sensors growing each year through to 2020 and achieving a CAGR of 9.0 percent over the period 2015 to 2020. In the previous five-year period (2010-2015), CMOS image sensor sales increased by a CAGR of 17.0 percent although that was partly influenced positively by recovery from the severe economic recession in 2008-2009.

While much of the past growth is based on the adoption of low-cost CMOS image sensors in smartphones and digital cameras that growth is now spreading as embedded digital imaging to automotive, security and medical applications.

Where CMOS image sensor sales are migrating from and to. Source: IC Insights.

Automotive systems are forecast to be the fastest growing application for CMOS image sensors with worldwide sales rising by a CAGR of 55 percent in the next five years to $2.2 billion in 2020, or about 14 percent of the market’s projected $15.2 billion total value.

Automotive is followed by security and surveillance (a CAGR of 36 percent to $912 million), medical/scientific applications (a CAGR of 34 percent to $867 million), toys/video games (a CAGR of 32 percent to $274 million), and industrial systems (a CAGR of 18 percent to $897 million), according to IC Insights. Cars could eventually have a dozen or more image sensors used to watch passengers, look outside for potential accidents, or record video of crashes or other incidents on the road.