CMOS image sensor market to rebound through 2025
The market for CMOS image sensors was flat in 2020 reducing it to 3 percent annual growth and a value of about $19 billion, the market researcher said. Sony, the market leader in CMOS image sensor sales predicted a poor 2020 due to interruption in smartphone sales but reported sales picking up again from about the 3Q20. IC Insights forecasts 19 percent market growth in 2021 taking the market up to $22.8 billion.
Market for CMOS image sensors in terms of annual shipments and annual value from 2010 to 2025. Source: IC Insights.
With the global economy restarting and with increased use of embedded cameras in products from smartphones to automobiles IC Insights is predicting a compound annual growth rate of 12 percent over the period 2020 to 2025.
Total shipments of CMOS image sensors are forecast to grow by a CAGR of 14.9 percent to 13.5 billion units in 2025 compared to 6.7 billion in 2020.
Automotive systems are expected to be the fastest growing application for CMOS image sensors in the next five years, with sales rising by CAGR of 33.8 percent to reach $5.1 billion in 2025.
This is followed by medical and scientific, security and industrial in that order. CMOS image sensor sales for cellphones – the largest end-use application – are forecast to grow by a CAGR of 6.3 percent to $15.7 billion in 2025, or about 47 percent of the market total versus 61 percent in 2020 ($11.6 billion).
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