The CMOS image sensor market is expected to grow at a compound annual growth rate (CAGR) of 10.6 percent from 2014 to 2020 and reach an annual market value of US$16.2 billion in 2020, said Yole.
This implies a market value of about $8.85 billion in 2014 and $9.8 billion in 2015 and is a slightly higher CAGR than previously estimated by the market researcher one year ago (see CMOS image sensor market on 10% CAGR).
Business model changes in the CMOS image sensor ecosystem 2013 to 2104. Source: Yole Developpement.
The uplift is being driven by demand from mobile and automotive applications, with automotive adding a significant addition to the market as car manufacturers such as Tesla, Nissan and Ford begin deploying camera-enabled features, such as reversing cameras. The total revenue for CMOS image sensors in automotive should reach $800 million in 2020.