Camera IC market set to stagnate
The market for image sensors and related ICs in camera applications is expected to stagnate in 2017 due to a decline in the value of the camera phone market, according to IC Insights. The market is forecast to be worth $25.1 billion in 2014 and $26.5 billion in 2015.
The market is fast moving and the decline in stand-alone digital still cameras is already causing a number of IC suppliers to seek out other expanding markets such as automotive and industrial imaging.
IC Insights predicts high growth rates for several embedded applications this decade including automotive, tablets & PCs, security & surveillance, and medical/scientific/industrial. However such is the significance of the cell phone that when that market declines in 2017 it will be hard for demand elsewhere to make up the difference.
IC market by camera applications. Source: IC Insights.
IC sales for stand-alone digital cameras are projected to decline at an annual average rate of -10.5 percent in the forecast period, while revenues for integrated circuits used in automotive camera systems are expected to surge by a CAGR of 113.3 percent between 2012 and 2017. Sales of ICs for tablet and PC cameras are forecast to rise by a CAGR of 20.2 percent, while cellphone camera integrated circuits are expected to rise by an annual rate of 9.0 percent in the 2012 to 2017 period.
The total IC market for all digital camera systems embedded and stand-alone systems is expected to reach $29.2 billion in 2017 compared to $23.0 billion in 2012, which represents a CAGR of 4.9 percent. IC sales for embedded cameras and imaging systems only are forecast to grow by a CAGR of 11.9 percent, reaching $23.9 billion in 2017 compared to $13.6 billion in 2012.
Related links and articles:
News articles:
Time-of-flight sensor recognizes gestures
Array camera ready for mobile market, says startup
Google files array camera patent application
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
